Insurance Journal
The Utah Insurance Department issued a warning about unlicensed companies and individuals offering coverage for damaged packages or packages stolen from porches. The department noted that some companies are using technicalities and fine print to avoi...
Posted: Mar 21, 2024
This post is part of a series sponsored by AgentSync. Insurance is full of fun acronyms. So full, in fact, that we’ve written multiple pieces like this one and this one to try and cover as many as possible. While …
Posted: Mar 20, 2024
This post is part of a series sponsored by CoreLogic. In 2023, the United States faced an unprecedented property risk crisis, highlighted by a significant disparity between insurance policy pricing and the escalating risks posed by natural catastroph...
Posted: Mar 20, 2024
State Farm General Insurance Co. said it will non-renew 30,000 California homeowners, rental dwelling, and other property insurance policies State Farm announced in May last year it had stopped accepting new policy applications for property/casualty...
Posted: Mar 20, 2024
LUBBOCK — There are burned spots on Jay O’Brien’s ranch outside Stinnett that predate the Smokehouse Creek fire. Over the last several months, small fires — ones that weren’t pushed by strong winds or grew out of control — scarred &...
Posted: Mar 20, 2024
Domino joins Farmers Alliance Board of Directors David Domino has been elected a director for the Farmers Alliance Companies, headquartered in McPherson, Kansas. Domino will provide guidance, direction and oversight for the companies’ property...
Posted: Mar 20, 2024
California-based insurance broker Alkeme reported the acquisition of Wharton Lyon & Lyon, a retail insurance agency headquartered in Livingston, New Jersey. Founded in 1912, Wharton Lyon & Lyon is a third-generation insurance agency providing...
Posted: Mar 20, 2024
Bankrupt drugmaker Endo International said on Tuesday a U.S. Bankruptcy Court has approved its restructuring plan and related opioid settlements to emerge from bankruptcy, which began in 2022. The company said the transaction is expected to close by...
Posted: Mar 20, 2024
More passengers who were aboard an Alaska Airlines Boeing 737 jet when part of its fuselage blew out in January are suing — including one who says his life was saved by a seat belt. The latest lawsuit, representing seven …
Posted: Mar 20, 2024
The CEO of Citizens Property Insurance Corp. has denied that corporation representatives have been unresponsive to Congressional requests for financial information, in the wake of unsettling comments from Gov. Ron DeSantis that Citizens is “not...
Posted: Mar 20, 2024
A South Korean-flagged chemical tanker has capsized off the coast of Yamaguchi prefecture in western Japan, with seven deaths confirmed, public broadcaster NHK reported on Wednesday, citing the coastguard. The tanker, Keoyoung Sun, was anchored due t...
Posted: Mar 20, 2024
Brenda (Ballard) Austenfeld was elected to serve as 2024-2025 Wholesale & Specialty Insurance Association (WSIA) president Austenfeld, CEO and president of RT Specialty’s national property practice, was chosen by membership at the organizat...
Posted: Mar 20, 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 20, 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 20, 2024
A New York state judge has allowed a case seeking to hold social media companies liable in the tragic mass killing at a Buffalo supermarket in 2022 to go forward on grounds of product liability. Erie County Supreme Court Judge …
Posted: Mar 20, 2024
FORT LAUDERDALE, Fla. (AP) — A South Florida Jewish center suffered severe damage in a weekend arson fire that police believe was set by a mentally ill homeless man who previously confronted the rabbi and others. Rabbi Chaim Slavaticki said …
Posted: Mar 20, 2024
This edition of International People Moves details appointments at re/insurer Sompo and the re/insurance broker BMS. A summary of these new hires follows here. Sompo Promotes Allen as CUO of Global Markets Commercial P&C Insurance, Succeeding Eas...
Posted: Mar 20, 2024
The Ardonagh Group, the London-based independent insurance distribution platform, announced it has agreed to acquire Mediass, an independent Italian insurance broker company. Financial details of the deal were not disclosed. Based in Pescara, in the...
Posted: Mar 20, 2024
Tokio Marine could potentially spend around $10 billion on overseas acquisitions and is patiently tracking public companies around the world, the co-head of the Japanese insurer’s expanding international business told Reuters. Tokio Marine̵...
Posted: Mar 20, 2024
Austin, TX., March 18, 2024– The National Alliance for Insurance Education & Research proudly announces an exclusive 8-week online coaching program, set to run from April 22 to June 10, 2024. Designed specifically for seasoned insurance producers...
Posted: Mar 20, 2024
All the major indicators of climate change smashed historic records last year, with some rising so steeply that the United Nations’ World Meteorological Organization warned they were “off the charts.” The lives of millions of people...
Posted: Mar 20, 2024
DES MOINES, Iowa (AP) — The state of Iowa will provide “contemporaneous” access to newly filed civil court cases to settle a lawsuit that accused the state of violating the First Amendment by delaying access to those filings, the Des R...
Posted: Mar 20, 2024
Victims of the 2015 Mariana dam break in Brazil are seeking about 3 billion pounds ($3.8 billion) in compensation from mining companies Vale and Samarco in a new lawsuit launched in the Netherlands, their lawyers said on Tuesday. The compensation ...
Posted: Mar 20, 2024
Despite a drop in the total number of global mergers and acquisitions, demand for transactional risk insurance “remained resilient” in 2023, Marsh announced in its annual transactional risk report. Data from the Institute for Mergers, Acq...
Posted: Mar 20, 2024
China Life Insurance Co. is in crunch talks with lenders to an office tower in Canary Wharf to help stave off the locality’s third potential major default, as the eastern financial district of London grapples with some of the city’s ̷...
Posted: Mar 20, 2024