Insurance Journal

Federal workplace safety investigators are alleging that an East Boston window cleaning company’s failure to inspect and replace damaged or defective equipment contributed to an employee’s fatal 29-story fall from a building in downtown B...

Posted: May 10, 2024

A jewel thief who is wanted in connection with crimes committed from Florida to South Korea stole a diamond ring worth $255,000 from a Tiffany store in New York by switching it with a cubic zirconia replica, authorities said. The …

Posted: May 10, 2024

World Insurance Associates, headquartered in Iselin, New Jersey, hired Ken Bond as chief corporate development officer. Bond oversees corporate development for retail insurance, retirement plan and wealth management services and wholesale insurance....

Posted: May 10, 2024

A report looking at 1.2 million homes in Colorado shows risks in the one of the top states for hail-related insurance claims are made worse by the state of some properties. The Arturo used artificial intelligence models with aerial imagery, …

Posted: May 10, 2024

New York State’s $5 million Insurance Innovation Prize is now open for applications. Supported by the New York State Energy Research and Development Authority (NYSERDA), the new program offers awards for the “development and deployment of...

Posted: May 10, 2024

AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a+” (Excellent) of Blue Whale Re Ltd. (Blue Whale) (Burlington, VT). The outlook of these Credit Ratings (ratings) is stable. A...

Posted: May 10, 2024

Washington Insurance Commissioner Mike Kreidler issued a cease-and-desist order and fined Fred Meyer Stores Inc. $100,000 for selling insurance without state authorization. Fred Meyer stores reportedly sold the GUARD Protection Plan, issued by Mack C...

Posted: May 10, 2024

Nearly 22 million people from Dallas to Atlanta will face another round of severe thunderstorms bringing downpours, hail and possibly tornadoes. For the last week, the central and southern US have been battered by ferocious storms and flooding that a...

Posted: May 09, 2024

Leif Assurance, a full-service insurance agency that exclusively handles construction insurance, has promoted Melinda Langworthy to the role of Enterprise Relationship Manager. Prior to this new position, she served as the company’s Senior Sale...

Posted: May 09, 2024

DETROIT (AP) — Severe storms battered the Midwest on Tuesday, unleashing a curtain of heavy rain, gusty winds and tornadoes throughout the region a day after a deadly twister ripped through a small Oklahoma town and killed at least one …

Posted: May 09, 2024

Alera Group announced the acquisition of Texas-based Trimble-Batjer. Founded in 1883, Trimble-Batjer provides surety and bonds, business solutions, employee benefits and insurance coverage for auto, home, health and life. The San Angelo agency specia...

Posted: May 09, 2024

AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of Ohio Indemnity Company (OIC) (Columbus, OH). The Credit Ra...

Posted: May 09, 2024

Northeast auto and home insurer Plymouth Rock Home Assurance and pet insurer Fetch are cooperating on a deal that offers Plymouth Rock insureds a 10% discount on pet insurance for the life of their pet through Fetch. The discount is …

Posted: May 09, 2024

ST. PETERSBURG, Fla. (AP) — The future of the Tampa Bay Rays is about to come into clearer focus as local officials begin public discussions over a planned $1.3 billion ballpark that would be the anchor of a much larger …

Posted: May 09, 2024

High winds, hail, heavy rain and tornadoes battered Southern states from Alabama to North Carolina Wednesday and Thursday morning, leaving three people dead and hundreds of properties with heavy damage. USA Today, CNN and other news outlets reported...

Posted: May 09, 2024

Hospital operator Ascension reported disruptions to its clinical operations on Wednesday due to a suspected cybersecurity incident and advised business partners to temporarily disconnect from its systems. Earlier this year, UnitedHealth, the largest...

Posted: May 09, 2024

When Progressive’s chief executive officer weighed the words that should go into the management discussion section of the company’s first-quarter 10-Q report, she considered two possibilities to describe anticipated growth for the balance...

Posted: May 09, 2024

Three insurance companies have rejected Chevron’s claim over the seizure last year of an oil cargo by Iran, according to a complaint filed on Tuesday in a U.S. court in California. The Chevron-chartered tanker Advantage Sweet was boarded by Ira...

Posted: May 09, 2024

Jodie Kaufman Davis of H.W. Kaufman Group honored for philanthropic and industry leadership CHICAGO, IL (May 8, 2024) – The Midwest Division of the Insurance Industry Charitable Foundation (IICF), a unique nonprofit organization dedicated to helping...

Posted: May 09, 2024

Hub International Ltd., the Chicago-based insurance brokerage and financial services firm, announced the acquisition of certain assets from 2197747 Alberta Ltd., which is in turn partially owned by Carianne O’Connor. Terms of the transaction we...

Posted: May 09, 2024

A Texas energy company will pay a $265,000 fine to settle charges that it subjected Black and Hispanic field mechanics to harassment. The U.S. Equal Employment Opportunity Commission (EEOC) announced last week that Liberty Energy, Inc. doing business...

Posted: May 09, 2024

A judge in Oklahoma blocked a state law that prohibits state pension systems from investing with companies that limit investment in the oil and gas industry. Oklahoma County District Court Judge Sheila Stinson on Tuesday issued a temporary injunction...

Posted: May 09, 2024

If personal auto insurance loss reserves are developing adversely, can commercial general liability be far behind? That’s the gist of one of the questions that analysts from Moody’s Investors Service asked—and answered—in a new report on...

Posted: May 09, 2024

A trio of U.S. financial regulators have resumed work on a long-delayed rule-writing project to make executive compensation plans at financial firms more sensitive to risk. The Federal Deposit Insurance Corporation, Office of the Comptroller of the C...

Posted: May 09, 2024

The European Commission is planning to allow exemptions from a proposed ban on substances known as PFAS, or “forever chemicals,” to protect key industries, a letter seen by Reuters on Wednesday showed. In the letter to some EU lawmakers i...

Posted: May 09, 2024