Insurance Journal
In 2015, my partners and I started the buy-out process at Capstone. In 2018, the purchase was complete, but the real work had just begun. We thought about how to grow the company, which included hiring additional recruiters. For us, …
Posted: Sep 01, 2024
By Andrea Wells Finding the right partner can help make or break a business. That’s also true of finding the right agency partnership or network, especially as market cycles change and what agents need from a partner changes, as well. …
Posted: Sep 01, 2024
A survey of nearly 1,000 IT and security professionals shows numerous organizations were targeted by ransomware attacks in the past year with a high degree of success, with most paying a ransom — many of which paid multiple times. Semperis, ...
Posted: Sep 01, 2024
Auto insurance shopping volume set a new record for the second consecutive quarter of 2024. The number of U.S. consumers shopping for auto insurance was up 7%, compared to Q2 2023, according to TransUnion’s latest quarterly Insurance Personal L...
Posted: Sep 01, 2024
The professional liability market for architects and engineers is continuously adapting to new trends and challenges. These shifts bring both opportunities and obstacles for brokers and design professionals. While there remains a strong interest in t...
Posted: Sep 01, 2024
The energy company at the center of a $60 million bribery scheme in Ohio will pay $20 million and avoid criminal charges as part of a deal with state prosecutors to resolve its role in the scandal. Akron-based FirstEnergy Corp. …
Posted: Sep 01, 2024
By Jack Brook British energy giant Drax Global, already under scrutiny for running afoul of environmental laws in multiple states, has disclosed to the state of Louisiana that its wood pellet production facilities emit hazardous air pollutants above...
Posted: Sep 01, 2024
California Insurance Commissioner Ricardo Lara in mid-August released a statement on his latest administrative action designed to address the state’s homeowners insurance crisis. Lara issued a bulletin implementing rate review reforms he says w...
Posted: Sep 01, 2024
Florida authorities in August arrested a well-known southwest Florida insurance agent, charging him with larceny and embezzlement of premiums. Reid McDaniel, 33, who was named the honorary mayor of North Fort Myers last year but who also was facing a...
Posted: Sep 01, 2024
California lawmakers passed a bill to help close the pay gap between the California Department of Insurance’s fraud detectives and officers in other state agencies. The California Senate and Assembly this week passed Assembly Bill 2872, which w...
Posted: Aug 30, 2024
BRINKLEY, Ark. (AP) — A crash on Interstate 40 in Arkansas involving two tractor-trailers and a truck carrying “potentially explosive” military devices killed one person and backed up traffic for hours on the busy highway, officials said....
Posted: Aug 30, 2024
Florida’s insurance commissioner in early August noted that rate increases by property-casualty insurers in the state have slowed significantly since 2023 legislative reforms were enacted, with 12 carriers asking for a small decrease this year...
Posted: Aug 30, 2024
The Texas Department of Insurance will hold two public meetings in September on the Texas Windstorm Insurance Association’s annual rate filing increase of 10% for residential and commercial properties. TDI will host a meeting on Monday, Sept. 2...
Posted: Aug 30, 2024
Specialist Risk Group (SRG) announced the acquisition of the ongoing renewal rights of Morton Insurance Brokers, a specialist in private hire and taxi insurance across the UK since 1987. Financial details of the transaction were not disclosed. The ac...
Posted: Aug 30, 2024
ALVORD, Texas (AP) — Four people were killed and 10 were injured when a van rolled multiple times after the driver veered off a Texas highway and then overcorrected Wednesday, authorities said. The crash happened just before 8 a.m. on …
Posted: Aug 30, 2024
EVANSTON, Ill. (AP) — A cheerleader has dropped her federal sexual harassment lawsuit against Northwestern University. Hayden Richardson filed the lawsuit in the Northern District of Illinois in January 2021 alleging drunken fans and alumni groped he...
Posted: Aug 30, 2024
Typhoon Shanshan, which struck southern Japan this week with heavy rain and strong winds, was likely intensified by climate change, according to a study from Imperial College London. Researchers with the university teased out the contribution of glob...
Posted: Aug 30, 2024
ROYAL OAK, Mich. (AP) — Crews for two of Michigan’s largest utilities were working to restore power Wednesday to more than 300,000 homes and businesses left in the dark amid hot, muggy conditions after severe storms toppled trees and snapped &#...
Posted: Aug 30, 2024
A senior member of CrowdStrike Holdings Inc.’s operations team is scheduled to appear before Congress to answer questions on the company’s global IT outage in July that disrupted industries around the world. In an advisory set to publish...
Posted: Aug 30, 2024
Agile Underwriting Services, the Sydney, Australia-based insurtech, managing general agent, and Lloyd’s coverholder, has launched a unit in New Zealand, which Agile described as the first of its kind for a Lloyd’s syndicate. The establish...
Posted: Aug 30, 2024
The CSX worker who discovered his friend run over by a pair of remote-control locomotives in a railyard last year sees a simple solution to preventing similar deaths in the future: two-person crews. But that idea won’t be popular with …
Posted: Aug 30, 2024
Align Technology, the maker of Invisalign clear teeth aligners, agreed to pay $27.5 million to settle a lawsuit claiming it entered an illegal antitrust conspiracy that drove up prices of aligners made by rival SmileDirectClub. The settlement would c...
Posted: Aug 30, 2024
A salvage operation to recover a Greek registered oil tanker stranded in the Red Sea after an attack by Houthi militants is expected to start in the coming days, two sources with knowledge of the matter said on Friday. What …
Posted: Aug 30, 2024
Main Street America Insurance said Thursday it will stop offering personal lines insurance in favor of a commercial lines strategy. The Jacksonville, Florida-based insurer founded about 100 years ago in Keene, New Hampshire said it is “tighteni...
Posted: Aug 30, 2024
Munich Re tops the list of the world’s 50 largest reinsurers that use IFRS 17 reporting standards, while Swiss Re is the largest non-IFRS 17 reinsurer, according to AM Best. Among the largest IFRS 17 reporting reinsurers, Munich Re is …
Posted: Aug 30, 2024