Insurance Journal
The families of two construction workers killed when an airport hangar in Idaho collapsed are suing several companies that were involved in the building process, alleging the businesses recklessly cut corners and used inappropriate materials for the...
Posted: Jul 16, 2024
The families of two construction workers killed when an airport hangar in Idaho collapsed are suing several companies that were involved in the building process, alleging the businesses recklessly cut corners and used inappropriate materials for the...
Posted: Jul 16, 2024
Progressive Corp. today reported second quarter 2024 results of about $1.5 billion and a combined ratio of 91.9. Results for the Mayfield Village, Ohio-based insurer are in comparison to second quarter 2023 net income of $345.4 million and a combined...
Posted: Jul 16, 2024
PricewaterhouseCoopers (PwC) is considering slashing up to half its financial services auditing staff in China, two people with knowledge of the matter said, as a regulatory investigation and an exodus of clients darken business prospects. The move f...
Posted: Jul 16, 2024
Florida Peninsula Holdings and Windward Holdings, which together own and manage Florida Peninsula Insurance Co., Edison Insurance and Ovation Home Insurance Exchange, has named is co-founder vice chairman of the board. Gary Cantor, who, along with Pa...
Posted: Jul 16, 2024
Traffic is so bad in Canada’s financial capital that a majority of Toronto residents are prepared to endure around-the-clock construction to improve the situation sooner, according to new polling data. A survey commissioned by the Toronto Regio...
Posted: Jul 16, 2024
AIG Names Twiningdavis Executive Vice President, Chief Administrative Officer American International Group, Inc. (AIG), named Melissa Twiningdavis executive vice president and chief administrative officer, effective September 1. She will join AIGR...
Posted: Jul 16, 2024
Favorable first-quarter economic and underwriting results for property/casualty insurance are in line with projections that the industry will see a small underwriting loss in 2024 and achieve profitability in 2025, according to a report from the Insu...
Posted: Jul 16, 2024
American International Group and a group of its companies have filed a new, amended complaint against Dellwood Insurance Group, started earlier this year by a group of former AIG executives. The lawsuit filed July 10 in U.S. District Court for …...
Posted: Jul 16, 2024
Discount store operator Dollar General has agreed to pay $12 million in penalty for alleged safety violations that led to blocked exits and fire extinguishers and unsafe storage, the U.S. Labor Department said in a statement. The company is also R...
Posted: Jul 16, 2024
Georgia Gov. Brian Kemp has reaapointed Neera Bahl to another term on the state Board of Workers’ Compensation. The three-member board, which includes Director Benjamin Vinson and Chairman Frank McKay, acts as the appeals panel, hearing appeals...
Posted: Jul 16, 2024
Four Washington roofing companies are facing $1.27 million in fines from the Washington State Department of Labor & Industries for safety violations including allowing workers on top of homes without fall protection. L&I cited and fined Allwa...
Posted: Jul 16, 2024
A Connecticut-based manufacturer has been denied another opportunity to seek $100 million in insurance coverage for business losses it claims it sustained because of the COVID-19 virus. Amphenol Corp.– a manufacturer of connectors, antennas, sensors,...
Posted: Jul 16, 2024
Fischtrom Joins Altamont Capital Partners as Operating Partner Altamont Capital Partners, based in Palo Alto, California, hired Brad Fischtrom as an operating partner. Fischtrom has more than 20 years of insurance industry experience. He most recentl...
Posted: Jul 16, 2024
Virginia’s business regulator authority, the Virginia State Corporation Commission (SCC), named Joseph F. Damico chief administrative officer. Damico will oversee administrative divisions responsible for the SCC’s budget, human resources,...
Posted: Jul 16, 2024
Five Massachusetts residents and one New York resident have been charged in connection with a health insurance fraud scheme that allegedly involved submitting claims for more than $1 million worth of bogus medical expenses, purportedly incurred durin...
Posted: Jul 16, 2024
Authorities say seven firefighters were injured when two tanker trucks crashed while responding to a large blaze in York, Pennsylvania. Officials said the crash occurred shortly before 11 p.m. Friday in Spring Garden Township, about a third of a mile...
Posted: Jul 16, 2024
This post is part of a series sponsored by AgentSync. Surplus lines, also called surplus and excess lines, is a tricksome area of insurance, thanks in part to the fact that surplus lines business often comes with premium taxes that …
Posted: Jul 15, 2024
Novatae Risk Group announced that it has acquired the assets of Denali Specialty Group, LLC of St. Louis, MO on July 1, 2024. Terms of the transaction were not disclosed. Founded in 2019, Denali is a full-service insurance intermediary that …
Posted: Jul 15, 2024
Michigan Attorney General Dana Nessel is urging residents to be vigilant against scammers targeting those affected by the heavy rains from the remnants of Hurricane Beryl. The storm flooded communities, damaged homes, and left thousands without power...
Posted: Jul 15, 2024
The UK plans to launch a “call to action” this week with a group of European nations to target the so-called shadow fleet of oil tankers that Russia uses to skirt international sanctions, according to people familiar with the matter ̷...
Posted: Jul 15, 2024
AEGIS London, the London-based Lloyd’s syndicate, has established a new Data Science and Analytics team to enhance underwriting capabilities and data-driven initiatives. Led by Giuseppe D’Angelo, head of Data Analytics and Portfolio Under...
Posted: Jul 15, 2024
Joemar Flores, a spindly 28-year-old, gestured across his family’s farmland, nestled between a steep hill and a river, and expressed gratitude for the rice paddies in the distance. They’re still there, producing food and an income for him...
Posted: Jul 15, 2024
Joemar Flores, a spindly 28-year-old, gestured across his family’s farmland, nestled between a steep hill and a river, and expressed gratitude for the rice paddies in the distance. They’re still there, producing food and an income for him...
Posted: Jul 15, 2024
Hub International Limited announced the acquisition of the assets of Swanson Insurance Agency, Inc. & Swanson & Associates, Inc. (collectively, Swanson Insurance Agency). Terms of the transaction were not disclosed. Located in New Orleans, Lo...
Posted: Jul 15, 2024