Insurance Journal
NEW ORLEANS (AP) — 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 a...
Posted: Aug 14, 2024
Amwins announced the launch of its “Tees-to-Green” flood insurance program powered by Floodbase to reimburse U.S. golf courses for lost revenue due to flooding. Golf courses are often built on land prone to flooding. Yet, resorts and cour...
Posted: Aug 14, 2024
Just as a Southeastern U.S. blood center tries to recover from another cyberattack on a health system, others who have lived through the pain offered some words of wisdom in a webinar Tuesday that could help providers minimize disruption as …
Posted: Aug 14, 2024
Vineyard Wind and GE Vernova on Tuesday said U.S. safety officials have allowed them to resume limited construction on an offshore wind farm off the Massachusetts coast where a turbine blade shattered last month. Vineyard Wind, owned by Avangrid and...
Posted: Aug 14, 2024
Operators of illegal marijuana grow enterprises hidden inside rural homes in Maine don’t have to worry much about prying neighbors. But their staggering electric bills may give rise to a new snitch. An electric utility made an unusual proposal...
Posted: Aug 14, 2024
ALKEME acquired Dunhill Marketing & Insurance Services in San Diego, California. Founded in 1992, Dunhill Insurance Services offers insurance services and specializes in life insurance and annuities with a focus on high-end markets. Ladera Ranch,...
Posted: Aug 14, 2024
Farmers Group is laying off more employees one year after it cut ties with 11% of its workforce or 2,400 people. This time the insurer said it is not disclosing how many people may lose their jobs. However on August …
Posted: Aug 14, 2024
Wildfires in Oregon have burned more acres of land in 2024 than in any year since reliable records began, authorities said, with the mid-August peak of fire season still on the horizon. Blazes have scorched more than 1.4 million acres, …
Posted: Aug 14, 2024
Samsung is recalling more than 1.12 million electric ranges used for stovetops after reports of 250 fires and dozens of injuries. According to a last Thursday notice from the U.S. Consumer Product Safety Commission, these slide-in ranges have front-m...
Posted: Aug 14, 2024
The Massachusetts attorney general has reached a $600 million settlement with major tobacco manufacturers, resolving some of the state’s complaints over how much the tobacco companies owe it under a 1998 master settlement with the industry. Whi...
Posted: Aug 14, 2024
Risk Strategies, headquartered in Boston, appointed Bradford Leung as senior vice president in its private equity practice. Leung brings over two decades of private equity and mergers and acquisitions expertise, ranging from property and casualty to...
Posted: Aug 13, 2024
The U.S. Geological Survey confirmed that a magnitude 4.4 earthquake struck an area southeast of of Highland Park, California on Monday. The quake was 7.4 miles deep and struck at 12:20 p.m. PST, according to the USGS. Media reports from …
Posted: Aug 13, 2024
Goldman Sachs’ fund division is to leave investor engagement group Climate Action 100+, joining other financial services companies which have pulled out amid a political backlash in the United States. U.S. members of global climate-focused coal...
Posted: Aug 13, 2024
Aon plc named Nick Nudo as senior managing director of reinsurance for Chicago. Based in Chicago, Nudo joins Aon having most recently served as chief underwriting officer of reinsurer SCOR’s U.S. operations. He has also worked in senior underwr...
Posted: Aug 13, 2024
The National Council on Compensation Insurance is recommending a 9.1% decrease in workers’ compensation loss cost projections for the West Virginia voluntary market. If approved by regulators, it would mark the 20th straight year of rate decrea...
Posted: Aug 13, 2024
More than three-fourths of properties flooded by Hurricane Debby last week were outside a designated flood hazard area and were likely to be uninsured for the water loss. Many of those properties were concentrated in spots seemingly far away from ...
Posted: Aug 13, 2024
NFP, an Aon company and insurance brokerage, announced its acquisition of Orca Financial Group, a specialist financial brokerage based in Leopardstown, County Dublin. Financial details of the deal were not disclosed. The Orca team will join NFP’...
Posted: Aug 13, 2024
FEMA announced last week it has approved more than $61 million for Iowa residents who experienced damage from this spring’s flooding, severe storms and tornadoes. FEMA said has provided $56 million in Individual Assistance money to help survivo...
Posted: Aug 13, 2024
This edition of International People Moves details appointments at insurance broker Miller and the insurer Tokio Marine HCC International. A summary of these new hires follows here. Miller Appoints Thevenot for Strategic Sports and Entertainment Team...
Posted: Aug 13, 2024
Skyward Specialty Insurance Group announced its entry into the mortgage (re)insurance market. In support of this new venture, Jean-Philippe “JP” Latour joined the company as senior vice president in May 2024. Latour brings with him a weal...
Posted: Aug 13, 2024
DALLAS (AP) — A Serbian competitor in the CrossFit Games died while competing in a swimming event Thursday morning at a Texas lake, officials said. CrossFit CEO Don Faul said during a news conference that they were “deeply saddened” and &...
Posted: Aug 13, 2024
Greek firefighters are bracing for an increase in wind speeds on Tuesday afternoon, after partly containing a huge wildfire on the outskirts of Athens. The biggest blaze of the summer started northeast of the capital Sunday, fueled by strong winds, &...
Posted: Aug 13, 2024
Greek firefighters are working to bring the remnants of a huge wildfire near Athens under control, after wind speeds picked up again on Tuesday afternoon. The biggest blaze of the summer started northeast of the capital Sunday, fueled by strong ̷...
Posted: Aug 13, 2024
Ford Motor and Mazda issued advisories to drivers of certain vehicles still affected by faulty Takata airbags and inflators that can cause potentially severe or fatal injuries. The National Highway Safety Administration has previously warned that air...
Posted: Aug 13, 2024
James Kirsh expects the cost of the property and casualty insurance for his family-owned foundry in Wisconsin that makes cast iron parts for tractors and other equipment to at least double when it’s up for renewal this fall. He’s been ...
Posted: Aug 13, 2024