Insurance Journal
In the moments before the cargo ship Dali rammed into the Francis Scott Key Bridge and sent it crumbling into the water, a flurry of urgent warnings crackled over radios and enabled police to block traffic from getting on the …
Posted: Apr 05, 2024
WCF Insurance Promotes Co to Chief Operating Officer WCF Insurance promoted Janice Co to chief operating officer. Co will play a part in the strategic evolution, overseeing day-to-day operations across the organization. Co joined WCF in 2022 as the s...
Posted: Apr 05, 2024
This post is part of a series sponsored by Dyad. In an era where technology is rapidly transforming every aspect of our lives, industries across the board are embracing digital innovations to enhance customer experience. The insurance sector, traditi...
Posted: Apr 04, 2024
Weather forecasters at Colorado State University (CSU) on Thursday predicted an “extremely active” 2024 Atlantic hurricane season because of warm sea surface temperatures and less wind shear to break up storms in the summer and fall. The...
Posted: Apr 04, 2024
Leif Assurance Hires Galvan as Commercial Lines Account Manager Leif Assurance, headquartered in St. Louis, hired Mayra Galvan as commercial lines account manager. Galvan is responsible for managing clients’ renewal process and assisting with n...
Posted: Apr 04, 2024
Progressive Insurance is doubling up its commitment with the Cleveland Guardians. Progressive and the Cleveland Guardians this week announced a 13-year deal for Progressive to remain the official insurance provider of the Major League Baseball club a...
Posted: Apr 04, 2024
This edition of International People Moves details appointments at HSB Canada and Canopius Group. A summary of these new hires follows here. HSB Canada announced the appointment of Barbara Bellissimo as president and chief executive officer, effectiv...
Posted: Apr 04, 2024
An Iowa man was sentenced in March after pleading guilty to one count of Theft 3rd Degree (Aggravated Misdemeanor) following an investigation by the Iowa Insurance Division’s Fraud Bureau. Khalil Justin Crawley, age 22, of Waterloo was sentence...
Posted: Apr 04, 2024
The U.S. directors and officers (D&O) liability insurance segment’s strong underwriting profit of 2023 is unlikely to be sustainable, according to Fitch Ratings. Fitch attributed this reality to declining premium revenues from lower premium...
Posted: Apr 04, 2024
Risk Strategies, headquartered in Boston, appointed Josh Conklin as national employee benefits growth leader and senior managing director. Conklin joined Risk Strategies in 2019 through the acquisition of National Insurance Consulting Group (NICG), a...
Posted: Apr 04, 2024
A stretch of a major interstate highway will be closed for several days after a tractor-trailer carrying an oversize load struck a railroad bridge in Philadelphia. The truck crashed on I-95 northbound around 1:30 p.m. Monday in the city’s Port...
Posted: Apr 04, 2024
Nationwide Insurance is asking West Virginia regulators for a 19% average rate increase on auto liability insurance, a move that could affect more than 27,000 insured drivers. The West Virginia insurance commissioner said in a bulletin this week that...
Posted: Apr 04, 2024
Brown & Brown Inc., the sprawling U.S. insurance brokerage based in Daytona Beach, has acquired Citrus Insurance and its affiliate, CHAPP Inc., which secures workers’ compensation coverage for citrus growers in Florida. CHAPP and Citrus hav...
Posted: Apr 04, 2024
Thousands of homes and businesses were without power Tuesday as severe weather roared through several states, causing at least one death and spawning possible tornadoes. Parts of Ohio, Pennsylvania, Kentucky, Mississippi, Alabama, Tennessee, West Vir...
Posted: Apr 04, 2024
Citigroup on Tuesday urged a federal judge to dismiss New York Attorney General Letitia James’ lawsuit accusing its Citibank unit of failing to reimburse customers who fall victim to online scammers. While recognizing that the problem of online...
Posted: Apr 04, 2024
Major freight railroads will have to maintain two-person crews on most routes under a new federal rule that was finalized Tuesday in a milestone in organized labor’s long fight to preserve the practice. The Transportation Department’s Fed...
Posted: Apr 04, 2024
Japanese lens maker Hoya Corp. on Thursday said the production of several of its products have stopped after a system failure, which was “most likely caused by unauthorized access” to its servers. Hoya said the company discovered a system...
Posted: Apr 04, 2024
The EU’s Food Safety Agency (EFSA) warned on Wednesday of a large-scale bird flu pandemic if the virus becomes transmissible between people as humans lack immunity against the virus. This comes a day after Texas reported that the H5N1 strain &#...
Posted: Apr 04, 2024
President Gustavo Petro’s decision to take control of a top Colombian health insurer sets a dangerous precedent, according to the industry and patient associations. The South American nation’s health superintendent will run EPS Sanitas fo...
Posted: Apr 04, 2024
The severe drought which has forced the Panama Canal, one of the world’s busiest trade passages, to limit daily crossings could impact global supply chains during a period of high demand, S&P Global said on Wednesday. The canal has imposed...
Posted: Apr 04, 2024
AXA XL’s U.S. Mid-Market insurance business is extending its general liability coverage for mid-sized businesses with its new XL Plus broadening endorsement, offering more than two dozen expanded protections. The XL Plus endorsement expands the...
Posted: Apr 04, 2024
Howden Tiger, the global reinsurance arm of Howden, will rename as Howden Re, effective April 8, 2024. This strategic change follows Howden’s rebrand in October last year, which united its broking operations under one name. Today, with its rein...
Posted: Apr 04, 2024
Comprehensive program provides coverage for home health care workers actively helping seniors where they need it most Charlotte, NC., April 4, 2024 — Amwins Program Underwriters (APU), part of the Amwins Underwriting division, today announced t...
Posted: Apr 04, 2024
Vertafore Delivers Policy Binding in Personal Lines Rater Vertafore, headquartered in Denver, launched the industry’s first bind capability within a personal lines rater. Vertafore’s personal lines rating and quoting platform, PL Rating,...
Posted: Apr 04, 2024
BATON ROUGE, La. (AP) — LSU and 10 former students who sued the school over alleged mishandling of sexual assault and domestic violence complaints against football players and others at Louisiana’s flagship state university have settled the cas...
Posted: Apr 04, 2024