Insurance Journal
BenefitMall appointed Xavier Montes to its individual and senior division (ISD) as the new broker sales executive for California. Montes is based in Whittier, California. Montes has over 25 years of experience in the insurance industry, specializing...
Posted: May 16, 2024
Connecticut has established a Fallen Officer Fund, which will provide $100,000 to the surviving family members or beneficiaries of any Connecticut local or state police officer killed in the line of duty or who sustained injuries that were the direct...
Posted: May 16, 2024
Warren Buffett’s Berkshire Hathaway Inc. unveiled a $6.7 billion stake in insurer Chubb Ltd., ending months of suspense over its mystery position in a financial firm, previously kept concealed in regulatory filings. Berkshire disclosed the hold...
Posted: May 15, 2024
A New York Times article this week reported troubles in Iowa and insurers pulling up stakes from the Hawkeye State, leaving the homeowners’ insurance market. The exits were prompted by horrendous financial results driven by off the charts weath...
Posted: May 15, 2024
CRC Group, headquartered in Honolulu, hired Andrew Weinberg as an underwriting team leader specializing in transportation. Weinberg is based in CRC’s Minneapolis office. Before joining CRC Group, he served as an underwriter at Burns & Wilco...
Posted: May 15, 2024
Indemnity benefits per claim in Illinois increased 5% in 2022, driven by a 4% increase in workers’ wages, a new study from the Workers Compensation Research Institute (WCRI) found. A 0.8-week increase in the average duration of temporary disabi...
Posted: May 15, 2024
Austin hemp entrepreneur Shayda Torabi is looking at a year filled with uncertainty. For the six years they’ve been in business, Torabi and her two sisters have operated Restart, their hemp dispensary, in a modest neighborhood in North Austin w...
Posted: May 15, 2024
Severe storms killed three people and caused significant damage in southwest Louisiana Monday. At least one EF3 tornado hit Lake Charles, officials said. The St. Martin Parish coroner reports that a female died in Cecilia after a camper rolled over &...
Posted: May 15, 2024
ST. LOUIS (AP) — Advocates for victims of abuse at Missouri boarding schools on Monday urged the state’s attorney general to launch an investigation, work with local prosecutors and take other steps aimed at stemming the tide of abuse. Three &#...
Posted: May 15, 2024
U.S. Federal Deposit Insurance Corporation Chairman Martin Gruenberg on Wednesday said he was deeply sorry for a toxic workplace culture and his own mistreatment of employees. Testifying before Congress, Gruenberg said he accepted the findings of an...
Posted: May 15, 2024
Specialty insurer CFC said it will be offering its admitted cyber insurance solution on Tarmika, an online quoting platform for independent agents. CFC enables agents to instantly quote and bind cyber insurance directly on the Tarmika platform, makin...
Posted: May 15, 2024
The container ship that rammed into Baltimore’s Francis Scott Key Bridge in March lost power multiple times on both the day of the fatal accident and the day before, according to a preliminary report. The Dali, which sails under the …
Posted: May 15, 2024
MIAMI (AP) — Investigators located a boat believed to have fatally struck a 15-year-old girl off a south Florida beach and fled without stopping, while friends and family members mourned her loss. A funeral service for Ella Adler was held …
Posted: May 15, 2024
MIAMI (AP) — Investigators located a boat believed to have fatally struck a 15-year-old girl off a south Florida beach and fled without stopping, while friends and family members mourned her loss. A funeral service for Ella Adler was held …
Posted: May 15, 2024
Florida authorities this week charged four people with falsifying injuries from an auto accident and attempting to defraud three insurance companies out of personal injury protection payments. Maria Campos, Isabella Mendez, Madison Martinez, and Krys...
Posted: May 15, 2024
Ardonagh Specialty announced it is naming its reinsurance business Price Forbes Re. The renaming of Inver Re in London and Bermuda and Equinox Re in the US follows the simplification of Ardonagh Specialty’s multiple brands in 2023, with Price F...
Posted: May 15, 2024
Popular Indian spice brand MDH, under scrutiny for alleged contamination in some products, has since 2021 seen an average 14.5% of its US shipments rejected due to the presence of bacteria, a Reuters analysis of US regulatory data found. Hong …
Posted: May 15, 2024
The European Union’s securities watchdog confirmed on Tuesday final guidelines on when investment funds can label themselves as being “sustainable” without being accused of greenwashing. Trillions of dollars globally have flowed int...
Posted: May 15, 2024
Coalition, the San Francisco-based cyber managing general agent and cyber-security firm, announced it entered the excess cyber insurance market in Australia, enabling businesses to add a layer of risk management to their cyber towers. Australian brok...
Posted: May 15, 2024
Portions of Fort McMurray, Alberta, are being evacuated as a wildfire approaches the city, the unofficial capital of Canada’s oil sands industry that almost burned to the ground during a historic blaze eight years ago. The 11,000-hectare (27,00...
Posted: May 15, 2024
The threat of a wildfire bearing down on the unofficial capital of Canada’s oil-sands industry is expected to lessen as temperatures cool and winds shift, though the prospect of rains dousing the flames entirely remains remote. The blaze near F...
Posted: May 15, 2024
South Africa’s main opposition party, joined by some labor and business groups, said on Tuesday it would go to court to fight a bill aimed at providing universal health coverage, which President Cyril Ramaphosa is set to sign into law …
Posted: May 15, 2024
South Africa’s President Cyril Ramaphosa signed into law on Wednesday a bill that aims to provide universal health coverage, hailing it as a major step in the journey towards a more just society although critics say they will challenge it ̷...
Posted: May 15, 2024
Two Brazilian states have asked a court to more than double the amount that miners Vale and BHP, plus a jointly owned tie-up, must pay in damages for a 2015 deadly tailings dam failure, according to a legal document seen …
Posted: May 15, 2024
Britain’s Finance Ministry on Tuesday rejected a call to ban non-disclosure agreements (NDAs), which can be used to silence victims of sexual harassment and abuse, arguing that such clauses do not stop staff reporting concerns to authorities. A...
Posted: May 15, 2024