Insurance Journal
U.S. insurer AIG was the lead insurer on a $130 million “all-risks” policy for the Japan Airlines airplane which collided with another plane at Tokyo’s Haneda airport, two insurance industry sources said on Wednesday. AIG declined t...
Posted: Jan 03, 2024
A former attorney for McClenny Moseley & Associates, who was accused of dishonesty while participating in his law firm’s filing of hundreds of hurricane-damage lawsuits, agreed last month to a nine-month suspension of his law license in a s...
Posted: Jan 03, 2024
Ryan Specialty Holdings, Inc., headquartered in Chicago, Ill., appointed Pat Ryan, Jr. to its board of directors following the retirement of William J. Devers. Ryan founded two high-growth software as a service (SaaS) companies and cofounded early-st...
Posted: Jan 03, 2024
Alliant Adds Mansfield to Louisiana Team Alliant Insurance Services, headquartered in Irvine, Calif., hired Buzz Mansfield as senior vice president within its Alliant Americas division. Based in Lafayette, La., Mansfield joins Alliant with more than...
Posted: Jan 03, 2024
The application process for another round of Alabama home-fortification grants opened Wednesday, Jan. 3, offering up to $10,000 for homeowners who retrofit their homes to make them more wind resistant. The grants, evaluated on a quarterly basis, will...
Posted: Jan 03, 2024
Alliant Insurance Services acquired the employee benefits division of Eugene, Oregon-based PBC Insurance. The PBC employee benefits team will join Alliant and continue serving clients from its Eugene headquarters. PBC also offers property/casualty, l...
Posted: Jan 03, 2024
The restaurant where Katie Austin was a server burned in the wildfire that devastated Hawaii`s historic town of Lahaina this summer. Two months later, as travelers began to trickle back to nearby beach resorts, she went to work at a …
Posted: Jan 03, 2024
This year’s January reinsurance renewals were described by brokers as “stable,” “predictable,” “orderly,” “calmer,” “disciplined,” with “increased appetites” and a return t...
Posted: Jan 03, 2024
The tiny Aliquippa water authority in western Pennsylvania was perhaps the least-suspecting victim of an international cyberattack. It had never had outside help in protecting its systems from a cyberattack, either at its existing plant that dates to...
Posted: Jan 03, 2024
MONTGOMERY, Ala. (AP) — A judge temporarily blocked Alabama from issuing licenses to medical marijuana dispensaries amid an ongoing legal battle over how the state selected the winning companies. Montgomery Circuit Judge James Anderson issued a...
Posted: Jan 03, 2024
The Travelers Cos. completed its previously announced acquisition of Corvus Insurance Holdings Inc., a cyber insurance managing general underwriter. The $435 million acquisition was first announced in November 2023, which Travelers said would boost i...
Posted: Jan 03, 2024
The New York workers’ compensation fund for black car drivers was within its authority to impose a 2.5% surcharge on noncash tips that passengers paid to drivers and can keep the funds it collected from the surcharge, a three-justice panel R...
Posted: Jan 03, 2024
The European Central Bank’s cyber resilience stress test in the coming months will not affect bank-specific capital requirements but instead form part of a broader supervisory assessment, the ECB said in a statement on Wednesday. The long-plann...
Posted: Jan 03, 2024
Denmark’s Maersk and German rival Hapag-Lloyd said on Tuesday their container ships would continue to avoid the Red Sea route that gives access to the Suez Canal following a weekend attack on one of Maersk’s vessels. Both shipping giants...
Posted: Jan 03, 2024
As Japan Airlines Co. Flight 516 approached Tokyo’s Haneda Airport late on Tuesday afternoon, all signs pointed to an uneventful conclusion to the routine one-and-a-half hour journey from Sapporo in northern Japan. At 5:43 p.m. local time, cont...
Posted: Jan 03, 2024
U.S. property/casualty insurance carriers led layoffs in the insurance industry last year, according to S&P Global Market Intelligence analysis. Nearly 20 companies reduced staff in 2023, cutting at least 6,800 jobs, said the authors of the repor...
Posted: Jan 03, 2024
The death toll in the wake of the Jan. 1 earthquake off Japan’s northwest coast rose above 60 as the government doubled the number of personnel dispatched to the affected areas to bolster rescue operations. The number of reported fatalities ...
Posted: Jan 03, 2024
Church Mutual Insurance Company, S.I. promoted Alan S. Ogilvie from president to president and chief executive officer, effective Jan. 1, 2024. Ogilvie assumed the role from Rich Poirier, who has retired after 12 years of service to the company. Ogil...
Posted: Jan 03, 2024
McKinsey & Co. is poised to pay $78 million to health insurers and company benefit plans, in its latest settlement of lawsuits over its role advising opioid makers in their sales of the painkillers. The proposed accord, filed in federal …
Posted: Jan 03, 2024
The U.S. Army Corps of Engineers has given approval to a $32 million plan to renourish much of the critically eroded beaches near Jacksonville, a project that could throw a lifeline to tourism and insured properties in the area. The …
Posted: Jan 03, 2024
VALLEY, Ala. (AP) — A man faces murder charges after two people were killed in a head-on collision during a police chase, state law enforcement officials said Friday. The fatal crash occurred Thursday morning in Valley, a small city near …...
Posted: Jan 03, 2024
Five people died when the car they were in crashed on a New York City parkway Monday morning, police said. The Mazda was heading north on the Cross Island Parkway in the borough of Queens when it collided with another …
Posted: Jan 03, 2024
SES Risk Solutions, headquartered in Irvine, Calif., named Shaun Shenouda president. Shenouda takes over the role from Bill Mecklenburg, who recently assumed leadership of Alliant Underwriting Solutions as senior managing director. Shenouda previousl...
Posted: Jan 03, 2024
The U.S. Geological Survey (USGS) reported that a small 1.7 magnitude tremor occurred near the Astoria, Queens area of New York at about 5:45 a.m. on Tuesday January 2. The epicenter of the quake was about a half mile from …
Posted: Jan 02, 2024
Louisiana Insurance Commissioner Jim Donelon has approved a 9% reduction in workers’ compensation rates for 2024. The decrease will take effect in May 2024. Louisiana has seen workers’ compensation rates fall over the last two decades. Ra...
Posted: Jan 02, 2024