Insurance Journal

New Jersey Democratic Power Broker Norcross Pleads Not Guilty to Racketeering

The New Jersey Democratic power broker charged with racketeering by the state attorney general pleaded not guilty Tuesday to charges he threatened people whose properties he sought to take over and orchestrated tax incentive legislation to benefit or...

Posted: Jul 11, 2024

Deaths, Injuries, Billions of Dollars are Costs of Extreme Heat in California

A blistering California heat wave over the past weeks and through the Fourth of July holiday could be topped off by the hottest temperature ever recorded on Earth. That kind of extreme heat has led to more deaths than wildfires …

Posted: Jul 11, 2024

Deaths, Injuries, Billions of Dollars Are Costs of Extreme Heat in California

A blistering California heat wave over the past weeks and through the Fourth of July holiday could be topped off by the hottest temperature ever recorded on Earth. That kind of extreme heat has led to more deaths than wildfires …

Posted: Jul 11, 2024

Vitol, SK Settle California Fuel Rigging Probe for $50 Million

California’s attorney general said it reached a $50 million settlement with commodity traders Vitol and SK Energy Americas Inc. after it alleged the firms acted together to manipulate local gasoline markets. It’s the latest instance in wh...

Posted: Jul 11, 2024

People Moves: Society Insurance Names Brown to Board of Directors

Society Insurance, headquartered in Fond du Lac, Wisconsin, elected Sherman Brown of Chicago as a director at its annual meeting of policyholders. Thomas Gross retired from Society’s board of directors after serving for 27 years. Brown is execu...

Posted: Jul 10, 2024

Chubb Continues Promotion Spree in North American Operations

Chubb today announced an additional handful of promotions within its North America insurance operations, with Ana Robic and Ben Rockwell getting appointed senior vice president of Chubb Group. Robic is division president, North America personal risk...

Posted: Jul 10, 2024

Ford Pro Expands to Minnesota and Maryland

Ford Pro is expanding the availability of its commercial auto coverage, Ford Pro Insure, to Maryland and Minnesota. Ford Pro is underwritten by Ford Credit’s insurance subsidiary and powered by Pie Insurance. Minnesota is the first state with a...

Posted: Jul 10, 2024

Markets/Coverages: High-End Home Insurer Openly Enters Virginia

Home insurer Openly has begun offering its coverage options to independent insurance agents and their policyholders in Virginia. Already active in 23 states, the upmarket home insurer said it is launching in Virginia with a phased introduction, grant...

Posted: Jul 10, 2024

‘We’re All Going to See the Impact’ – Beryl Could Worsen Texas Insurance Crisis

Insurance agent Ian Hartgrove was one of many Houston residents caught off guard by the size of Hurricane Beryl, which made landfall on the Texas Gulf Coast Monday morning. Beryl had weakened to a Category 1 hurricane by the time …

Posted: Jul 10, 2024

Hub International Acquires Wyatt Agency in Tennessee

Hub International Ltd., the global insurance brokerage and financial services firm, has expanded again with the acquisition of Wyatt Insurance Services in Tennessee. With offices in Knoxville and Clarksville, Wyatt is an independent agency specializi...

Posted: Jul 10, 2024

People Moves: Chubb Continues Promotions With Lupica as Westchester President; Gallagher Hires Eaton...

Chubb said David Lupica, currently chief operating and distribution management officer at Westchester, has been named vice president of Chubb Group and division president of Westchester. Lupica will have executive operating responsibility for Chubb&#...

Posted: Jul 10, 2024

People Moves: Gallagher Hires Eaton From Howden for US Cargo Role; Hartford Names Fish Head of Group...

Gallagher Names Eaton Exec Director to Support US Cargo Gallagher appointed of Jonathan Eaton to executive director, responsible for overseeing wholesale to other non-specialist brokers and working with Gallagher offices in the U.S. to support cargo...

Posted: Jul 10, 2024

UK’s Direct Line to List on Price Comparison Websites in Strategy Shift

Direct Line will launch its eponymous motor insurance brand on price comparison websites for the first time, it said on Wednesday, as the company’s new CEO implemented a strategy shift designed to win new business. Adam Winslow, who took over &...

Posted: Jul 10, 2024

Rikers Island Inmates Sue City Claiming They Were Trapped in Cells During Fire

Inmates at New York City’s Rikers Island are suing the city claiming they were trapped in their cells during a jailhouse fire that injured 20 people last year. The lawsuit filed Friday in federal court in Manhattan said the 15 …

Posted: Jul 10, 2024

Senate Hopeful Pushes Insurance Revamp During California ‘Gouging’

US Representative Adam Schiff, a California Democrat who’s running for the Senate, is vowing to take another shot at reining in soaring home insurance rates that he says are “gouging” his constituents. To do so, Schiff is casting a...

Posted: Jul 10, 2024

Montana To Ask State Top Court To Overturn Landmark Climate Ruling

Montana’s top court is set to hear the state’s appeal of a landmark ruling holding that it was violating the rights of young people to a clean and healthful environment by barring regulators from considering the impacts on climate change...

Posted: Jul 10, 2024

Missouri Fire Official Dies When Boat He Was in Capsizes During Water Rescue

COLUMBIA, Mo. (AP) — An assistant fire chief in central Missouri died early Monday when the boat he was in capsized during a water rescue in a flash flood. The Boone County Fire Protection District said Matthew Tobben and another …

Posted: Jul 10, 2024

NC Can Switch Health Benefits Provider for State Workers, Judge Rules

RALEIGH, N.C. (AP) — In a legal fight involving two health insurance companies seeking to manage North Carolina’s public employee benefits plan, a judge ruled Monday that the plan’s board acted properly when it switched to Aetna and dropp...

Posted: Jul 10, 2024

Maine Has No Medical Cannabis Testing Requirement. Health Advocates Urge Change.

Keri-Jon Wilson started as a hobbyist, making medical marijuana edibles on a small scale for patients suffering from chronic pain and cancer. But in 2015 she expanded her business, Portland-based Pot + Pan Manufacturing, and began to standardize her...

Posted: Jul 10, 2024

Purdue Pharma Secures Litigation Ceasefire After Supreme Court Ruling

Purdue Pharma on Tuesday received U.S. court approval for a 60-day freeze on lawsuits against its owners, members of the wealthy Sackler family, in its first court appearance since a landmark Supreme Court ruling upended its bankruptcy settlement. U....

Posted: Jul 10, 2024

PwC Starts Mass China Layoffs After Losing Dozens of Clients

PricewaterhouseCoopers LLP is cutting staff across its China operations, according to people familiar with the matter, after an exodus of corporate clients diminished the accounting firm’s revenue prospects in the country. At least 100 staffers...

Posted: Jul 10, 2024

Caribbean Braces for Economic Punch After Season’s Deadly 1st Hurricane

Leaders across the Caribbean were still tallying the financial toll wrought by the earliest Atlantic storm on record to intensify to the maximum Category 5 level, after it left a trail of destruction on Jamaica and islands of the eastern …

Posted: Jul 10, 2024

UK Hospital Hack Leaves Kidney Patients at Higher Risk of Heart Failure

Regular blood tests are critical for 46-year-old Londoner Amit Sanchadev, who relies on dialysis to keep him alive after his only functioning kidney failed in 2016. He wakes up at 6 a.m. three times a week to plug himself into …

Posted: Jul 10, 2024

People Moves: Incline P&C Group appoints Galiardo as Chief Actuary/Chief Underwriting Officer and Ur...

Incline P&C Group, headquartered in Austin, Texas, appointed Scott Galiardo as chief actuary and chief underwriting officer for commercial and specialty lines and Tony Urban as the chief development officer. In this newly created role, Galiardo w...

Posted: Jul 10, 2024

People Moves: Incline P&C Group Appoints Galiardo as Chief Actuary/Chief Underwriting Officer and Ur...

Incline P&C Group, headquartered in Austin, Texas, appointed Scott Galiardo as chief actuary and chief underwriting officer for commercial and specialty lines and Tony Urban as the chief development officer. In this newly created role, Galiardo w...

Posted: Jul 10, 2024