Insurance Journal

Accuweather Predicts Above-Average 2024 Atlantic Hurricane Season

Accuweather meteorologists are predicting an above-average Atlantic hurricane season with as many as 20-25 named storms. The 2024 hurricane season is forecast to feature 8-12 hurricanes including 4-7 major hurricanes. This year has the potential to b...

Posted: Mar 27, 2024

People Moves: Lockton Taps Marsh’s Gill to Build Technology Specialty Practice

Lockton Taps Marsh’s Gill to Build Technology Specialty Practice Lockton, the independent insurance broker, announced that Manpreet “Preet” Gill is joining the firm’s technology specialty to build and grow a practice focused o...

Posted: Mar 27, 2024

Dairy Cattle in Texas and Kansas Test Positive for Bird Flu

Milk from dairy cows in Texas and Kansas has tested positive for bird flu, U.S. officials said Monday. Officials with the Texas Animal Health Commission confirmed the flu virus is the Type A H5N1 strain, known for decades to cause …

Posted: Mar 27, 2024

People Moves: Powers Insurance & Risk Management Hires Steinkoetter

Powers Insurance & Risk Management, headquartered in St. Louis, hired Josh Steinkoetter as a commercial lines sales account executive. Steinkoetter brings 20 years of experience in the insurance industry to the role. Before joining Powers, he was...

Posted: Mar 27, 2024

People Moves: Files Joins Alliant Team in Houston

Alliant Insurance Services, headquartered in Irvine, California, hired April Files as senior vice president within the Alliant Americas division. Based in Houston, Texas, Files will service industries in the Southwest and nationally. Files comes to A...

Posted: Mar 27, 2024

People Moves: AXA XL Promotes Cole to Global Chief Underwriting Officer for Marine; DUAL’s Specialis...

This edition of International People Moves details appointments at AXA XL and DUAL’s specialist motor MGA KGM. A summary of these new hires follows here. AXA XL Promotes Cole to Global Chief Underwriting Officer for Marine AXA XL has promoted &...

Posted: Mar 27, 2024

Two Iowa Men Sentenced in Workers’ Comp Fraud Scheme

Two Iowa men were sentenced this month in connection with workers’ compensation fraud. Trey Wysocki, age 40, of New Virginia was sentenced on March 11, 2024, after pleading guilty to one count of Insurance Fraud – Presenting False Informa...

Posted: Mar 27, 2024

Disney Ends Fight With Governor DeSantis by Settling Florida Lawsuit

A board appointed by Ron DeSantis to oversee the municipal authority that governs Walt Disney Co. in Florida has voted to settle a state lawsuit against the company. The board of the Central Florida Tourism Oversight District unanimously approved a &...

Posted: Mar 27, 2024

Canada’s Desjardins Acquires Insurance Company of Prince Edward Island

Canada-based Desjardins, through its subsidiary Desjardins General Insurance Group Inc., and ICPEI Holdings Inc. announced they have entered into definitive agreements for Desjardins to indirectly acquire all of ICPEI’s issued and outstanding s...

Posted: Mar 27, 2024

Hospitality Workers Ratify New Contract with 34 Southern California Hotels

Thousands of Southern California hospitality workers overwhelmingly ratified a new contract with 34 hotels after repeated strikes since the summer, their union announced. Workers won higher pay, increased employer contributions to pensions, and fair...

Posted: Mar 27, 2024

Rite Aid Says It’s Close to Bankruptcy Settlement

Pharmacy chain Rite Aid has reached a settlement with its lenders, the U.S. Department of Justice, and drug supplier McKesson Corp., clearing a path for Rite Aid to complete its bankruptcy case by late April, a company lawyer said Tuesday. …

Posted: Mar 27, 2024

2 Crew Members Die During ‘Incident’ on Holland America Cruise Ship

FORT LAUDERDALE, Fla. (AP) — Two crew members on a Holland America cruise ship died during an “incident” in the ship’s engineering space, the cruise line said. The unidentified crew members died Friday while the Florida-based Nieuw...

Posted: Mar 27, 2024

Subaru to Recall More Than 118,000 Vehicles in US: NHTSA

Subaru of America is recalling 118,723 SUVs and sedans in the U.S. over an issue which prevents air bags from deploying in a crash, the National Highway Traffic Safety Administration (NHTSA) said on Wednesday. The recall covers certain Outback and &#...

Posted: Mar 27, 2024

FBI: Alaska Airlines Passengers Told They Might Be Crime Victims

The FBI has told passengers on the Alaska Airlines Boeing 737 Max that lost a door-plug panel in midflight that they might be victims of a crime. “I’m contacting you because we have identified you as a possible victim of …

Posted: Mar 27, 2024

Clorox Audit Revealed Cybersecurity Flaws at Its Plants in 2020

A few years before a 2023 cyberattack disrupted manufacturing at one of the largest US producers of disinfectants ahead of flu season, an audit warned of systemic cybersecurity flaws within the company’s production systems. Among the shortcomin...

Posted: Mar 27, 2024

Acrisure Creates New England Region With Plunkett as Managing Partner

Acrisure announced the formation of its New England region, encompassing its businesses in Connecticut, Massachusetts, Maine, New Hampshire, Rhode Island and Vermont. Acrisure’s New England presence includes 27 office locations, with nearly 400...

Posted: Mar 27, 2024

Full Program & Attendee Snapshot – FOIUSA 2024

London UK, March 27th — 2024 is set to be another tough year for insurance executives. Costs are spiraling, competition is fierce, and historical trends are out the window. The pressure to keep pace with evolving macroeconomic trends and unsett...

Posted: Mar 27, 2024

Fires From 2023, Smoldering Under Snow, Reveal Canada’s Dangerous New Reality

As skiers glide down the slopes of British Columbia’s Whistler Mountain and ice fishers drop their lines into frozen lakes in Alberta, dozens of the fires whose smoke darkened North America’s skies last year are still burning — with some...

Posted: Mar 27, 2024

UK Stands to Lose 8 Million Jobs From AI, Analysis Warns

As many as 8 million UK workers are at risk of losing their jobs to artificial intelligence with current government policy, the Institute for Public Policy Research warned. AI already impacts 11% of tasks done by UK staff, a figure …

Posted: Mar 27, 2024

Titanic Law Helps Ship Owner Limit Bridge Collapse Liability

The owner of the ship that rammed into a Baltimore bridge could face hundreds of millions of dollars in damage claims after the accident sent vehicles plunging into the water and threw the eastern US transportation network into chaos. But …

Posted: Mar 27, 2024

SEC Ramps Up Massive-Hack Probe With Focus on Tech, Telecom Companies

The US Securities and Exchange Commission is asking tech and telecom companies how they handled the sprawling 2020 SolarWinds cyberattack, and drawing fire from the cybersecurity industry and big business for what they call overreach. The SEC, which...

Posted: Mar 27, 2024

Is IRS Abusing its Authority in Micro-Captives Investigations?

Editor’s note: Captive insurance programs have blossomed in a number of Southern states in recent years, including Tennessee and North Carolina. But new questions have been raised about whether some micro-captives are used as tax shelters, and...

Posted: Mar 27, 2024

Viewpoint: Is IRS Abusing its Authority in Micro-Captives Investigations?

Editor’s note: Captive insurance programs have blossomed in a number of Southern states in recent years, including Tennessee and North Carolina. But new questions have been raised about whether some micro-captives are used as tax shelters, and...

Posted: Mar 27, 2024

NC High Court Strikes Down Compensability of Weight-Loss Surgery, Adopts Strict Test

The North Carolina Supreme Court has undone rulings by an appeals court and the state’s Industrial Commission that had granted workers’ compensation insurance payments for a woman’s weight-loss surgery. And in doing that, the high c...

Posted: Mar 27, 2024

Participate in the Annual Young Agents Opinion Survey: Last Call

Are you a young insurance agent, 40 years old or younger? Do you know a young insurance agent? Insurance Journal is searching for young insurance agents to participate in this year’s Young Insurance Agents Opinion Survey. Tell us what you &#823...

Posted: Mar 27, 2024