Insurance Journal
The 1.6 mile-long bridge collapsed in a matter of seconds. The catastrophic consequences are set to stretch out for weeks. As much as 2.5 million tons of coal, hundreds of cars made by Ford Motor Co., and General Motors Co., …
Posted: Mar 27, 2024
One of the most pressing challenges facing insurance professionals today is the escalating impact of extreme weather events in traditionally disaster-prone areas. Last year alone, the U.S. witnessed a staggering $92.9 billion in weather-related damag...
Posted: Mar 27, 2024
The Liberty Company Insurance Brokers named Christopher Orozco an employee benefits producer. Orozco will be based in California. Orozco got his start in the mail room at Warner Pacific in 2013, then transitioned from the supply department to rating...
Posted: Mar 27, 2024
The federal Occupational Safety and Health Administration (OSHA) says that a second inspection of Dean Sausage Co. Inc. in Ayyalia, Alabama found similar workplace safety hazards as identified in a 2022 inspection, prompting the agency to propose $11...
Posted: Mar 27, 2024
Hawaii’s attorney general blamed a delay of the release of a key report into a deadly Maui wildfire on county agencies that forced investigators to issue subpoenas. The first phase of an independent investigation into the Aug. 8 fire that ̷...
Posted: Mar 27, 2024
Houston plans to sell more than $1 billion in bonds to settle a firefighters’ pay dispute and the city’s chief financial officer is warning it will swell the annual budget shortfall by as much as 75%. The fourth-largest US city …
Posted: Mar 26, 2024
A large storm is keeping the upper Great Plains and Midwest of the US stuck in winter. The region is expected to see an additional 2 to 4 inches (5 to 10 centimeters) of snowfall on Tuesday, according to a …
Posted: Mar 26, 2024
Midwest Builders’ Casualty Mutual Company, a large, regional, specialized workers’ compensation insurance carrier, announced that they are changing their name to Waypoint Mutual effective April 1. Kansas City, Missouri-based Waypoint Mutu...
Posted: Mar 26, 2024
Call it the mystery of the broken hips. In 2017, 36-year-old Michael Barber attempted to take his own life by swallowing four types of medications. He then had a change of heart and called 9-1-1. He was conscious when emergency …
Posted: Mar 26, 2024
JM Wilson, headquartered in Portage, Michigan, named Eric Chalus as transportation underwriter. Chalus’s responsibilities include underwriting a new and renewal commercial transportation accounts, as well as maintaining relationships with carri...
Posted: Mar 26, 2024
Everest Promotes Williamson to Lead Global Re/Insurance Businesses Everest Group Ltd., the Bermuda-based property, casualty, and specialty re/insurer, announced that Jim Williamson has been promoted to lead Everest’s reinsurance and insurance b...
Posted: Mar 26, 2024
Skyward Specialty Insurance Group, Inc and New Heights Insurance Solutions, a division of Specialty Program Group LLC, announced a strategic partnership to expand crane and millwright capabilities for both companies. With more than than two decades o...
Posted: Mar 26, 2024
Skyward Specialty Insurance Group, Inc and New Heights Insurance Solutions, a division of Specialty Program Group LLC, announced a strategic partnership to expand crane and millwright capabilities for both companies. With more than than two decades o...
Posted: Mar 26, 2024
Global insured losses from natural catastrophes in 2023 exceeded US$100 billion for the fourth consecutive year – an indication of the new norm for nat cat losses, according to Swiss Re. Other record-breaking numbers for 2023 included the total of &#...
Posted: Mar 26, 2024
A U.S. judge on Monday ruled that the Mexican government could move forward with a lawsuit accusing five Arizona gun dealers of participating in the trafficking of weapons and ammunition to drug cartels across the U.S.-Mexico border. U.S. District Ju...
Posted: Mar 26, 2024
Atlas Insurance has named Jared Hawkins and Michael Howard partners in the Sarasota-based agency. Howard is a third-generation insurance agent at the firm and Hawkins is a second-generation agent who specializes in construction coverage, the Sarasota...
Posted: Mar 26, 2024
Baltimore Mayor Brandon M. Scott has declared a state of emergency in Baltimore City in response to the Francis Scott Key Bridge collapse incident that took place this morning. The declaration mobilizes Baltimore’s emergency resources to protec...
Posted: Mar 26, 2024
Baltimore Mayor Brandon M. Scott has declared a state of emergency in Baltimore City in response to the Francis Scott Key Bridge collapse incident that took place this morning. The declaration mobilizes Baltimore’s emergency resources to protec...
Posted: Mar 26, 2024
The U.S. property/casualty insurance industry recorded a slight underwriting improvement in 2023, but losses persisted, according to a new AM Best report. Preliminary data from the global credit rating agency shows that the industry posted a $21.2 bi...
Posted: Mar 26, 2024
The U.S. property/casualty insurance industry recorded a slight underwriting improvement in 2023, but losses persisted, according to a new AM Best report. Preliminary data from the global credit rating agency shows that the industry posted a $21.2 bi...
Posted: Mar 26, 2024
Robert L. Carey was sworn in as Maine superintendent of insurance on February 28 after being confirmed by the state Senate. Carey brings over two decades of experience advising state regulators and lawmakers on insurance policy, markets, and regulati...
Posted: Mar 26, 2024
Robert L. Carey was sworn in as Maine superintendent of insurance on February 28 after being confirmed by the state Senate. Carey brings more than two decades of experience advising state regulators and lawmakers on insurance policy, markets, and reg...
Posted: Mar 26, 2024
Hannover Re will combine its global business in the areas of cyber and digital, creating a new specialty reinsurance business unit, effective April 1, 2024. Hannover Re said the new business unit aims to enhance Hannover Re’s position as a R...
Posted: Mar 26, 2024
A major bridge collapsed in the U.S. port of Baltimore in the early hours of Tuesday after being struck by a container ship, plunging cars into the river below. Traffic was suspended at the port until further notice, Maryland transportation …
Posted: Mar 26, 2024
Marsh, the insurance broker, risk adviser and a unit of Marsh McLennan, announced the launch of an insurance facility for custodians of digital assets, including financial institutions. The largest facility of its kind, it provides insurance capacity...
Posted: Mar 26, 2024