Insurance Journal

Risk Strategies Acquires Michigan’s Ralph C. Wilson Agency

Risk Strategies, a national specialty insurance brokerage and risk management firm, announced that it has acquired Ralph C. Wilson Agency, a full-service risk management and employee benefits consulting firm and insurance agency headquartered in Sout...

Posted: Feb 01, 2024

Tesla Drops Minority-Worker Language After Musk’s Rants Over Diversity Initiatives

Tesla Inc. removed language about minority workers and supporting employee resource groups from one of its regulatory filings after Chief Executive Officer Elon Musk’s recent comments criticizing diversity initiatives. In its latest 10-K filing...

Posted: Feb 01, 2024

GSK Settles Another Zantac Lawsuit; Terms Confidential

GSK said on Thursday it had agreed to settle another lawsuit in California that alleged its discontinued heartburn drug Zantac caused cancer, the latest in a series of settlements to end costly litigation. The case was set to go to …

Posted: Feb 01, 2024

Farmer Protests Disrupt Belgian Supermarkets’ Supply Chain

Protesting farmers have blocked the distribution centers of Colruyt, one of Belgium’s biggest supermarket chains, a spokesperson confirmed, while local media reported that distribution centers of discount supermarket chain Lidl were also target...

Posted: Feb 01, 2024

PointeNorth Keeps Growing with 2 More Georgia Agency Acquisitions

Atlanta-based PointeNorth Insurance Group, one of the larger independent agencies in the Southeast, has continued its streak of acquisitions with the addition of Valdosta Insurance Services and Southern Insurance Advisors in Georgia. PointeNorth said...

Posted: Feb 01, 2024

Disney Lawsuit Against DeSantis Dismissed by Federal Judge

(Bloomberg) — Walt Disney Co.’s lawsuit accusing Florida Governor Ron DeSantis of politically retaliating against the company was dismissed by a federal judge. US District Judge Allen Winsor in Tallahassee, Florida, on Wednesday granted D...

Posted: Feb 01, 2024

Cyberattack Hits Georgia County Where Trump Is Charged

(Bloomberg) — A cyberattack disrupted the court systems in Fulton County, Georgia, where former President Donald Trump faces a criminal case for allegedly interfering with the 2020 election results. Officials earlier this week were working to r...

Posted: Feb 01, 2024

Greyhound Bus and SUV Collide in Northern Alabama, Killing Motorist

ARDMORE, Ala. (AP) — A Greyhound bus and a car collided on a northern Alabama road, killing a man and injuring the bus driver and eight bus passengers, authorities said Tuesday. The crash happened shortly after 10 p.m. Monday, the …

Posted: Feb 01, 2024

Pennsylvania Counties Still Restoring Systems After Cyber Incidents

Two Pennsylvania county governments — Bucks and Washington— reported some progress this week restoring computer systems and overcoming the effects of cyber incidents. But both still have work to do to return to business-as-usual more than a week afte...

Posted: Feb 01, 2024

Pennsylvaia Counties Still Restoring Systems After Cyber Incidents

Two Pennsylvania county governments — Bucks and Washington— reported some progress this week restoring computer systems and overcoming the effects of cyber incidents. But both still have work to do to return to business-as-usual more than a week afte...

Posted: Feb 01, 2024

People Moves: Probitas Names Botnick to Launch Canada Service Company; Liberty Promotes Boyle to Hea...

This edition of International People Moves details appointments at Probitas, Liberty Specialty Markets, and CFC. A summary of these new hires follows here. Probitas Appoints Botnick to Launch Canadian Service Company Probitas, the Lloyd’s insur...

Posted: Feb 01, 2024

Top European Leaders Test Positive for Cancerous ‘Forever Chemicals’

Chemicals linked to severe health issues including cancer, infertility, birth defects and immune system disruptions are everywhere and no one is safe from them — not even top politicians, according to a campaign advocating for a European Union-wide b...

Posted: Feb 01, 2024

Spenner Named Gallagher Re’s CEO, International, as Melia Retires

Dirk Spenner has been appointed to the role of CEO, International, at Gallagher Re, taking over from Tony Melia, who is retiring after a career of over 40 years. Spenner’s new role is effective June 1, 2024. He joined Willis …

Posted: Feb 01, 2024

Markets/Coverages: Brace Underwriting Launches Brace USA

Brace Underwriting Limited recently announced the launch of Brace USA with Glenn Dorr as president and head of marketing, North America. reporting to Adam Holberry, Group CEO of Brace. Founded in October 2019 by group CEO Adam Holberry, London-based...

Posted: Feb 01, 2024

Chubb Writing More Personal E&S but CEO Greenberg Doesn’t Like the Trend

Chubb is writing more North American personal excess and surplus lines business, but the insurer’s chief executive is not exactly celebrating. While he reminded analysts during a fourth-quarter earnings conference call that the large majority o...

Posted: Feb 01, 2024

What Would UK Labour Party’s Finance Sector Plan Mean for City of London?

Britain’s opposition Labour Party, tipped in the polls to win an election expected this year, set out its blueprint on Tuesday to “unashamedly champion” a financial sector worried about its global competitiveness following Brexit as...

Posted: Feb 01, 2024

Boeing Is Sued by Shareholders Following MAX 9 Blowout

Boeing has been sued by shareholders who said the company prioritized profit over safety and misled them about its commitment to making safe aircraft, prior to the Jan. 5 mid-air cabin panel blowout on an Alaskan Airlines 737 MAX 9. …

Posted: Feb 01, 2024

Report: 2023 Combined Ratio Forecast at 103.9, Commercial Lines Performed Best

The 2023 net combined ratio for the property/casualty industry is forecast to be 103.9, with commercial lines at 97.7 and personal lines at 109.9, according to the latest underwriting projections by actuaries at the Insurance Information Institute (T...

Posted: Feb 01, 2024

Georgia Bill Would Expand PTSD Help for Responders But Not Through Workers’ Comp

After three years of starts and stops, a bill is moving through the Georgia legislature that would provide mental stress benefits for first responders – not through workers’ compensation but through a relatively new type of supplemental insuran...

Posted: Feb 01, 2024

OSHA Fines Georgia Plumbing Contractor $186,000 After Fatal Fall Down Manhole

The U.S. Occupational Safety and Health Administration has fined a Georgia plumbing contractor more than $184,000 for failing to take safety measures to prevent a fatal fall last summer. Robert Hall, a 34-year-old father of four, was asked to crawl &...

Posted: Feb 01, 2024

Arthur J. Gallagher Acquires Ericson Advisors of Connecticut

Global insurance broker Arthur J. Gallagher & Co. reported the acquisition of Washington Depot, Connecticut-based Ericson Insurance Advisors. Ericson Insurance Advisors is a personal lines-focused insurance broker serving high-net-worth clients n...

Posted: Feb 01, 2024

Report Shows California’s 2023 Auto Registrations Highest Since 2020, with an 11.9% Increase in New...

Last year proved to be a banner year for new car registrations in California, reaching the highest numbers since the COVID-19 pandemic, a new report out this week shows. The California New Car Dealers Association’s fourth quarter 2023 Californi...

Posted: Feb 01, 2024

California’s 2023 Auto Registrations Highest Since 2020; New Vehicles Up 11.9%

Last year proved to be a banner year for new car registrations in California, reaching the highest numbers since the COVID-19 pandemic, a new report out this week shows. The California New Car Dealers Association’s fourth quarter 2023 Californi...

Posted: Feb 01, 2024

New York Hotel’s Stand-Only Policy Didn’t Sit Well With Front Desk Clerk

Library Hotel, a luxury boutique hotel in New York City, will pay $42,000 to a former front desk employee to resolve a discrimination lawsuit over its alleged failure to reasonably accommodate the clerk’s disability. According to a lawsuit file...

Posted: Feb 01, 2024

New York Hotel’s Stand-Up Policy Didn’t Sit Well With Front Desk Clerk

Library Hotel, a luxury boutique hotel in New York City, will pay $42,000 to a former front desk employee to resolve a discrimination lawsuit over its alleged failure to reasonably accommodate the clerk’s disability. According to a lawsuit file...

Posted: Feb 01, 2024