Insurance Journal
BATON ROUGE, La. (AP) — In the moments before Linda Frickey was dragged to her death during a fatal carjacking, the 73-year-old had been sitting in her parked vehicle in New Orleans when she was surrounded by four teenagers. The …
Posted: Feb 22, 2024
VIAA Names Drda Alliance Coordinator Valley Insurance Agency Alliance (VIAA), a cohesive family of more than 160 independent insurance agencies in Missouri and Illinois, hired David Drda as an alliance coordinator. Drda has 12 years of insurance indu...
Posted: Feb 22, 2024
A North Carolina insurance agent has pleaded guilty to tax evasion and could face up to five years in prison and a $250,000 fine, a federal prosecutor said Wednesday. Arturo Barcenas Gonzalez, is owner of Barcenas Insurance Agency and Barcenas …...
Posted: Feb 22, 2024
Oklahoma’s captive insurance program reported a 31% net gain in 2023, the Oklahoma Insurance Department said. OID issued 20 new licenses in 2023 with six dissolutions, resulting in a net gain of 14 new captive insurers. Oklahoma’s total n...
Posted: Feb 22, 2024
The City of Chicago is suing six oil and gas corporations and their largest trade association for deceiving Chicago consumers about the climate change dangers associated with their products, mayor Brandon Johnson announced this week. The city filed a...
Posted: Feb 22, 2024
ATLANTA (AP) — When she was behind bars in Georgia, Nia Thomas would use toothpaste to stick handwritten flyers to the wall and spread the word about community bail funds that could pay inmates’ bonds, no strings attached. “I was …
Posted: Feb 22, 2024
BISMARCK, N.D. (AP) — President Joe Biden has approved North Dakota Gov. Doug Burgum’s request for a major disaster declaration related to a Christmastime ice storm that toppled power lines and left thousands of people without power. BurgumR...
Posted: Feb 22, 2024
A gang member who ran a fire restoration company has been convicted of using violence, threats of violence, and extortion to terrorize and dominate the fire restoration industry in New York City. After presiding over a two-week bench trial in …
Posted: Feb 22, 2024
A gang member who ran a fire restoration company has been convicted of using violence, threats of violence, and extortion to terrorize and dominate the fire restoration industry in New York City. After presiding over a two-week bench trial in …
Posted: Feb 22, 2024
Nevada regulators have issued the first license to operate a lounge where cannabis can be consumed recreationally, marking the first of what are expected to be dozens of such operations. The state Cannabis Compliance Board announced that the license...
Posted: Feb 22, 2024
Nevada regulators have issued the first license to operate a lounge where cannabis can be consumed recreationally, marking the first of what are expected to be dozens of such operations. The state Cannabis Compliance Board announced that the license...
Posted: Feb 22, 2024
Insurtech Root Inc. posted a net loss for the fourth quarter 2023 of $24 million and a net loss for the year of $147.4 million. Results were improvements from net losses of about $58.3 million for fourth quarter 2022 and …
Posted: Feb 22, 2024
Hail of two inches or greater struck the United States on 141 days last year — the highest number of annual days in two decades, according to a new CoreLogic report. Severe convective storms generated “an unprecedented amount of insured …
Posted: Feb 22, 2024
Vermont Gov. Phil Scott has requested a federal major disaster declaration to help communities hit by severe rainfall and flooding in December. Such a declaration would allow municipalities to be reimbursed for 75% of eligible costs, such as debris r...
Posted: Feb 22, 2024
This edition of International People Moves details appointments at Aon and the London market’s electronic trading platform, PPL. A summary of these new hires follows here. Aon Promotes Goosen as Head of Professional Services, London Global Brok...
Posted: Feb 22, 2024
DURHAM, NC., February 22, 2024 – Simply Easier Payments, a top-rated major provider of billing and invoicing solutions for insurance organizations, has appointed Michele Shepard as Chairperson of its Board of Directors. Shepard is a highly accomplish...
Posted: Feb 22, 2024
A major port on Australia’s west coast used by Rio Tinto Group to export iron ore has started clearing ships from the harbor ahead of a cyclone that’s expected to form early Friday. All port anchorages are expected to be …
Posted: Feb 22, 2024
Zurich Insurance posted a better-than-expected annual operating profit on Thursday led by strong performance in its life business and offered a share buyback of up to 1.1 billion Swiss franc ($1.25 billion). The operating profit rose 21% to $7.4 bill...
Posted: Feb 22, 2024
Zurich Insurance posted a better-than-expected annual operating profit on Thursday, led by strong performance in its life business, and announced a share buyback of up to 1.1 billion Swiss francs ($1.25 billion). Operating profit rose 21% to a record...
Posted: Feb 22, 2024
Zurich Insurance posted a better-than-expected annual operating profit on Thursday and announced a share buyback of up to 1.1 billion Swiss francs ($1.25 billion), as insurers ride out the impact of a global pandemic, wars and climate disasters. Oper...
Posted: Feb 22, 2024
France’s AXA, Europe’s second-biggest insurer, pledged on Thursday to deliver higher earnings and returns to shareholders by 2026 by growing its client base, automating processes and reducing labor costs. The new three-year plan, dubbed &...
Posted: Feb 22, 2024
France’s AXA, Europe’s second-biggest insurer, reported slightly lower-than-expected yearly earnings on Thursday, as higher debt servicing costs and investments in tech ate into a rise in revenues. The group, which also pledged bigger sha...
Posted: Feb 22, 2024
A cargo ship slammed into a bridge in southern China, sending several vehicles tumbling into a river. Two people died and three others were missing after the accident Thursday in Guangzhou, state-run Global Times said on X, formerly known as …
Posted: Feb 22, 2024
Cyber insurance provider Coalition said it expects the total number of common vulnerabilities and exposures (CVEs) to increase by 25% in 2024 to 34,888 vulnerabilities, or roughly 2,900 per month. The insurtech’s Cyber Threat Index 2024 detaile...
Posted: Feb 22, 2024
Carmakers have begun compensating leasing companies for the sliding value of used electric cars as Tesla Inc.’s price cuts rip through an industry that must sell more EVs or face hefty fines. Ayvens, the biggest multi-brand leasing firm, alread...
Posted: Feb 22, 2024