Insurance Journal
Until now, PCF Insurance Services was focused on size and scale, with independently operated offices that may not have known the PCF brand. That’s all about to change. PCF Insurance will now be known as Trucordia, marking a shift toward …
Posted: Oct 24, 2024
Rob Grant joined Alliant Insurance Services, headquartered in Irvine, California, as senior vice president and producer in the Chicago office within its employee benefits group. Grant has over 25 years of experience in the insurance industry, most re...
Posted: Oct 24, 2024
Rob Grant joined Alliant Insurance Services, headquartered in Irvine, California, as senior vice president and producer in the Chicago office within its employee benefits group. Grant has over 25 years of experience in the insurance industry, most re...
Posted: Oct 24, 2024
Louisiana Senator Bill Cassidy released a report Thursday critical of the National Flood Insurance Program’s adoption of Risk Rating 2.0. The report, “The Flood Insurance Crisis: A Comprehensive Breakdown of Rising Flood Insurance Premium...
Posted: Oct 24, 2024
This edition of International People Moves details appointments at Liberty Specialty Markets and Howden Re. A summary of these new hires follows here. Liberty Specialty Markets Promotes Mahida to Head of 3rd Party Claims UK & MENA Liberty Special...
Posted: Oct 24, 2024
NEW ORLEANS, La. (AP) — Federal officials want to know if Louisiana remains committed to a nearly $3 billion planned coastal restoration project that litigation has stalled. Federal officials warned in a Friday letter to the head of Louisiana’s...
Posted: Oct 24, 2024
Lloyd’s, the world’s leading marketplace for insurance and reinsurance, has launched disaster resilience vehicle with the United Nations Capital Development Fund (UNCDF) to deliver disaster risk financing to Small Island Developing States...
Posted: Oct 24, 2024
McALLEN — Laredo residents are free to use their water after an 11-day boil-water notice expired earlier this week. City officials announced the end of the warning and pledged to address the factors believed to have caused the city’s water R...
Posted: Oct 24, 2024
AM Best has revised the outlooks to stable from negative for the Long-Term Issuer Credit Ratings (Long-Term ICRs) and affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term ICRs of “a+” (Excellent) of American Fam...
Posted: Oct 24, 2024
Intesa Sanpaolo SpA is replacing thousands of staff with younger hires to set the firm up for the use of artificial intelligence, demonstrating how much the technology is impacting workers across the financial industry. The Italian lender plans for 9...
Posted: Oct 24, 2024
A Texas federal judge with a record of ruling in favor of conservative causes injected uncertainty into Boeing’s agreement to plead guilty over two fatal 737 MAX plane crashes, seizing upon a single sentence in the deal about the U.S. …
Posted: Oct 24, 2024
An Iranian hacking group is actively scouting U.S. election-related websites and American media outlets as election day nears, according to a Microsoft blog published on Wednesday. Researchers say the activity suggests “preparations for more di...
Posted: Oct 24, 2024
ATLANTA (AP) — Former Georgia Insurance Commissioner John Oxendine, now in federal prison, has surrendered his law license after pleading guilty to conspiracy to commit health care fraud. The Georgia Supreme Court, in a brief decision on Tuesday, acc...
Posted: Oct 24, 2024
JACKSONVILLE, Fla. (AP) — Regina Brinson heard a crack before the metal walkway gave way beneath her feet, plunging her into the water beneath the state-operated ferry dock on Georgia’s Sapelo Island. As strong currents swept her and others who...
Posted: Oct 24, 2024
Commercial insurance rates during the third quarter in the U.S. increased 3%, with casualty rates up 10%. According to Marsh’s Global Insurance Market Index — which noted the first decline in global commercial rates since the third quarter 2017...
Posted: Oct 24, 2024
BRADENTON BEACH, Fla. (AP) — The start of “snowbird” season in Florida is only weeks away, but many Florida Gulf Coast beaches, regularly voted some of the best in the United States, are closed to the public because of the …
Posted: Oct 24, 2024
Two people died and two others were treated for carbon monoxide poisoning at a Freedom, Maine home previously busted for an illegal marijuana grow operation, officials said Tuesday. Freedom Fire Chief Jim Waterman said his agency was alerted to a ...
Posted: Oct 24, 2024
The Singaporean corporations that owned and operated the cargo ship Dali have agreed to pay $101,980,000 to resolve a civil claim brought by the United States for costs related to the response to the catastrophic collapse of Baltimore’s Francis...
Posted: Oct 24, 2024
A former employee of a propane supplier has been charged in the death of a volunteer firefighter who died while responding to a house explosion in Sterling, Virginia in February, officials said this week. Roger Bentley was indicted Monday on …
Posted: Oct 24, 2024
Global commercial insurance rates fell 1% in the third quarter of 2024 from the previous quarter, which marked the first time the index has recorded a quarterly decline since the third quarter of 2017, according to the Global Insurance Market …
Posted: Oct 24, 2024
A dark-fleet oil tanker that was recently involved in a crash in Southeast Asia is now on its way to China. Ceres I, an aging very-large crude carrier that’s suspected of transporting sanctioned oil, is en route to Zhoushan in …
Posted: Oct 24, 2024
Brazilian authorities will sign on Friday a long-awaited reparation deal with miners Vale, BHP and Samarco over the 2015 Mariana dam collapse, the country’s presidential office said on Wednesday. The agreement will be signed in a ceremony atten...
Posted: Oct 24, 2024
The U.S. Justice Department on Monday proposed new rules to protect federal government data or Americans’ bulk personal data from getting into the hands of countries like China, Iran and Russia by placing new limits on certain business transact...
Posted: Oct 24, 2024
The U.S. home insurance industry has experienced an upward trend in all-peril loss costs over the past seven years, according to a new report released by LexisNexis Risk Solutions. The ninth annual LexisNexis U.S. Home Trends Report found that all-pe...
Posted: Oct 24, 2024
More loss and claims estimates are trickling in from carriers after Hurricane Milton caused widespread wind and flood damage in Florida this month. Tampa-based Heritage Insurance Holdings said in a preliminary statement that about two weeks after Mil...
Posted: Oct 24, 2024