Insurance Journal

People Moves: WTW Appoints deLaricheliere to FIPS Leadership Role; Risk Strategies Names Heron Natio...

WTW Appoints deLaricheliere to Leadership Role Within Financial Institutions and Professional Services WTW, headquartered in London, appointed Alex deLaricheliere as Strategy and execution leader and banking subvertical leader within the financial in...

Posted: Apr 30, 2024

Maine Alters ‘Yellow Flag’ Law, Expands Mental Health Care in Wake of Shootings

Democratic Gov. Janet Mills has signed into law a suite of gun safety legislation approved by lawmakers after the deadliest mass shooting in state history, expanding background checks for private sales of weapons, bolstering the state’s “...

Posted: Apr 30, 2024

Ardonagh to Acquire Italian Commercial Lines Business Mansutti S.r.l

The Ardonagh Group, the London-based insurance distribution platform, announced it has agreed to acquire Mansutti S.r.l, the commercial lines business of Italian insurance broker, Mansutti SpA. Financial details of the deal were not disclosed. Founde...

Posted: Apr 30, 2024

Tornado in Southern China Kills 5 People, Damages Factories in City of Guangzhou

A tornado struck the southern Chinese city of Guangzhou on Saturday, killing five people and damaging more than 140 factory buildings, state media said. The China Meteorological Administration said the tornado struck about 3 p.m. in the Baiyun distri...

Posted: Apr 30, 2024

Recreational Marijuana Supporters Can Gather Signatures for North Dakota Ballot Initiative

BISMARCK, N.D. (AP) — A North Dakota ballot initiative group can gather signatures to put a proposal legalizing recreational marijuana to a statewide vote in the fall, the state’s top election official said last Thursday, in the latest legaliza...

Posted: Apr 30, 2024

Recreational Marijuana Supporters Can Gather Signatures for No. Dakota Ballot Initiative

BISMARCK, N.D. (AP) — A North Dakota ballot initiative group can gather signatures to put a proposal legalizing recreational marijuana to a statewide vote in the fall, the state’s top election official said last Thursday, in the latest legaliza...

Posted: Apr 30, 2024

The 6 Stages of Compliance Grief: How Top Insurance Carriers Are Revolutionizing Compliance Manageme...

This post is part of a series sponsored by AgentSync. Does your organization have a compliance problem? It’s OK. We won’t tell anyone. If you’re not entirely sure, we’ve got a way to check your symptoms here. But if you’...

Posted: Apr 30, 2024

Family of Chicago Man Killed in Police Shooting Files Wrongful Death Lawsuit

CHICAGO (AP) — The family of a Chicago man killed when plainclothes police officers fired their guns nearly 100 times during a traffic stop filed a wrongful death lawsuit last week, accusing the department of “brutally violent” policing t...

Posted: Apr 30, 2024

UK’s Second Biggest Mortgage Lender Pulls Offers Over Flood Risk

The UK’s second biggest mortgage provider has stopped making loans on homes at risk of flooding, over fears they may become uninsurable — and therefore, unsellable — over the coming years. Nationwide Building Society uses mapping technology to...

Posted: Apr 30, 2024

London Firms Are Letting More Staff Work Entirely From Home

London’s employers are letting more staff work entirely from home, according to a prominent recruitment firm, with workers keen to earn the premium paid by jobs in the capital without enduring its high living costs. The proportion of white-coll...

Posted: Apr 30, 2024

Missiles Fired by Yemen’s Houthi Rebels Damage Panama-Flagged Oil Tanker in Red Sea

Ballistic missiles fired by Yemen’s Houthi rebels caused “minor damage” to a Panama-flagged oil tanker traveling through the Red Sea on Friday, authorities said. The attack follows an uptick in assaults launched by the Houthis in re...

Posted: Apr 30, 2024

Growing Progressive Set to Hire 10,000+ in Claims, IT, Other Roles

Progressive Insurance isn’t just growing the number of policies it writes but aims to hire thousands to support several years of year-over-year growth, according to a media statement published in late April. “Progressive Insurance Continu...

Posted: Apr 30, 2024

US to Require New Cars to Have Emergency Braking Systems by 2029

Nearly all new passenger cars and trucks sold in the United States will be required to have automatic emergency braking systems by September 2029, the National Highway Traffic Safety Administration (NHTSA) said on Monday, saying that the rule will sa...

Posted: Apr 30, 2024

Vale, BHP Offer $25B Settlement for Mining Disaster, but Brazil Authorities Want More

Vale, BHP and their joint venture Samarco have presented Brazilian authorities with a settlement proposal related to reparations for the 2015 Mariana tailings dam burst, but local prosecutors still want them to bump up their offer. The proposal, the...

Posted: Apr 30, 2024

Fla. Regulators’ Effort to Remove Insurer Execs May Not Pass Constitutional Muster

Current and former leaders with Florida property insurers have had some strong reactions to state regulators’ recent efforts to oust company executives who previously helmed now-insolvent carriers. Some have called the unprecedented regulatory...

Posted: Apr 30, 2024

Key Insurer Says Russia Oil Price Cap Increasingly Unenforceable

A Group of Seven-imposed cap on the price of Russia oil is becoming increasingly unenforceable, an organization at the heart of the global insurance industry said, offering one of the most direct criticisms yet of measures that were meant to …

Posted: Apr 30, 2024

Hazing Concerns Prompt University of Virginia to Expel 1 Fraternity, Suspend 3 Others

Concerns about hazing have prompted the University of Virginia to terminate one local fraternity and suspend three others on its Charlottesville campus, the school said Wednesday. The university said in a statement that the Pi Kappa Alpha chapter had...

Posted: Apr 30, 2024

Inszone Acquires Van Oppen & Co. 2 in Wyoming

Inszone Insurance Services acquired Van Oppen & Co. 2 in Wyoming. Founded in 2008 by Rick van Oppen, the firm has specialized in serving the needs of the architectural, engineering and environmental sectors. Sacramento, California-based Inszone i...

Posted: Apr 30, 2024

‘Fearless Girl’ Lawsuit by State Street Settles on Eve of Trial

State Street Corp. and the artist it commissioned to create Wall Street’s sculpture have settled a 2019 lawsuit on the eve of trial. The bank, which commissioned the artwork, was set to square off against the sculptor, Kristen Visbal, in &#8230...

Posted: Apr 30, 2024

Flow Specialty in California Emerges from Rebrand, Adds New Leadership

Capitola Insurance in California has completed its rebranding to Flow Specialty and the specialty wholesaler has added new leadership. David Derigiotis has been named president of brokerage and head of insurance. Derigiotis has 20 years of specialty...

Posted: Apr 30, 2024

Jersey Shore Town and State Agree on Plan to Replenish Eroded Beaches

A long-running sandstorm at the Jersey Shore could soon come to an end as New Jersey will carry out an emergency beach replenishment project at one of the state’s most badly eroded beaches. North Wildwood and the state have been …

Posted: Apr 30, 2024

Ring in California Paying $5.6M to Customers as Part of Privacy Settlement

The Federal Trade Commission is sending more than $5.6 million in refunds to consumers as part of a settlement with Amazon-owned Ring, which was charged with failing to protect private video footage from outside access. In a 2023 complaint, the &#823...

Posted: Apr 30, 2024

People Moves: Smith Joins Alliant as Specialty Lending Practice EVP; Braniff, Jr. Named EVP, Alliant...

Smith Joins Alliant Insurance Services as Specialty Lending Practice EVP Alliant Insurance Services, headquartered in Irvine, California, named Michael R. Smith as executive vice president, Alliant Specialty, in the firm’s Financial Institution...

Posted: Apr 29, 2024

Minneapolis to Pay $150K Settlement to Witness in George Floyd Murder

MINNEAPOLIS (AP) — The Minneapolis City Council has agreed to pay a $150,000 settlement to an eyewitness who tried to intervene to prevent George Floyd’s murder and who says he suffers from post-traumatic stress disorder as a result. Donald Wil...

Posted: Apr 29, 2024

Florida Governor Signs Wind-Mitigation Funding Bills for Homes, Condos

Florida’s governor has signed two bills that will provide more matching grants for homeowners and condominium associations to fortify properties against the growing threat of windstorms. Senate Bill 7028 will send an additional $200 million to...

Posted: Apr 29, 2024