Insurance Journal
This post is part of a series sponsored by AgentSync. AgentSync customers know the speed, efficiency, and cost-savings a modern producer licensing and compliance solution brings to their workflows. They also know a thing or two about the benefits of...
Posted: Dec 04, 2023
The Texas Windstorm Insurance Association (TWIA) Board of Directors will meet next week to consider the association’s 2024 budget. The meeting, which will be held at the Corpus Christi Omni Hotel on Dec. 12 at 9:00 a.m., will also include ̷...
Posted: Dec 04, 2023
Ryan Specialty appointed Thomas Nash as president of CorRisk Solutions, the wholesale distribution professional liability managing general underwriter, a part of Ryan Specialty Underwriting Managers. CorRisk is headquartered in Atlanta, Ga. Nash prev...
Posted: Dec 04, 2023
A federal jury in Illinois ordered $17.7 million in damages – an amount tripled to more than $53 million under federal law – to several food manufacturing companies who had sued major egg producers over a conspiracy to limit the …
Posted: Dec 04, 2023
NEW ORLEANS (AP) – A federal judge has thrown out a lawsuit that accused a south Louisiana parish of using land use policies to guide industries that pollute into communities with majority-Black populations. U.S. District Judge Carl Barbier of the &#...
Posted: Dec 04, 2023
An Iowa man pleaded guilty to wire fraud for using his position as an insurance agent and annuity salesperson to defraud elderly individuals out of their retirement savings and other monies. Zachary James Flaherty, age 47, of Clive pled guilty …...
Posted: Dec 04, 2023
The Illinois Supreme Court on Thursday affirmed an appellate court ruling that found that injuries to a 14-year-old boy who was struck by a car while riding his bicycle are covered by his father’s uninsured motorist policy despite language that...
Posted: Dec 04, 2023
The Illinois Supreme Court on Thursday affirmed an appellate court ruling that found that injuries to a 14-year-old boy who was struck by a car while riding his bicycle are covered by his father’s uninsured motorist policy despite language that...
Posted: Dec 04, 2023
The U.S. personal lines insurance industry faces too many daunting challenges, leading AM Best to maintain its negative outlook. The outlook for personal lines was changed to negative in September 2022 – at first due in large part to the …
Posted: Dec 04, 2023
Confie announced the acquisition of Acceptance Insurance’s retail division to its family of brands. The personal lines distribution company said its latest acquisition expands its footprint to 26 states across the U.S. with the retail store add...
Posted: Dec 04, 2023
Winter weather brought high winds and snow to parts of the Pacific Northwest, knocking out power in some areas and dumping fresh snow across the Cascade Range. Thousands of households were without power Saturday morning in the greater Seattle area &#...
Posted: Dec 04, 2023
Insurance broker World Insurance Associates has agreed to purchase the personal and commercial insurance agency Exchange Underwriters, Inc. from CB Financial Services, Inc., the holding company for Pennsylvania-based Community Bank. According to the...
Posted: Dec 04, 2023
CHELSEA, Ala. (AP) — A 3-month-old boy was killed as his parents tried to rescue the baby from the family pet, a hybrid animal that was part dog, part wolf, authorities said. The boy had been bitten but was alive …
Posted: Dec 04, 2023
RALEIGH, N.C. (AP) — New or tougher criminal penalties against rioting, vandalizing power stations and harassing law enforcement officers and emergency workers are among North Carolina laws approved this year that took effect Friday. Expanded g...
Posted: Dec 04, 2023
Eight aging dams in central and western Massachusetts will be removed as part of a $25 million initiative announced Friday by state environmental officials. The structures to be dismantled include the abandoned high-hazard Bel Air Dam in Pittsfield....
Posted: Dec 04, 2023
The U.S. Supreme Court on Monday is set to hear a challenge by President Joe Biden’s administration to the legality of OxyContin maker Purdue Pharma’s bankruptcy settlement, a deal that if approved would shield its wealthy Sackler family...
Posted: Dec 04, 2023
A severe cyclone in the Bay of Bengal is likely to cause heavy rain and strong winds across southeast India, with authorities warning of flash floods, damage to crops and power failures in some affected areas. Cyclone Michaung may bring …
Posted: Dec 04, 2023
Australia faces an increased risk of bushfires during the approaching summer, authorities warned on Thursday, with the El Niño weather pattern expected to generate hotter and drier conditions across large swathes of the country. Three years of incess...
Posted: Dec 04, 2023
A global securities watchdog proposed 21 safety measures on Sunday to improve integrity, transparency and enforcement in voluntary carbon markets (VCMs) in a sector of growing importance to efforts to combat climate change. IOSCO, which groups market...
Posted: Dec 04, 2023
A group representing 83 Spanish media outlets on Monday said it has filed a 550 million euro ($598 million) lawsuit against Facebook owner Meta Platforms, citing unfair competition in the advertising market. The lawsuit was filed by the AMI newspaper...
Posted: Dec 04, 2023
Three commercial vessels came under attack in international waters in the southern Red Sea, the U.S. military said Sunday, as Yemen’s Houthi group claimed drone and missile attacks on two Israeli vessels in the area. The Carney, an American des...
Posted: Dec 04, 2023
Former U.S. Secretary of State Hillary Clinton called on Sunday for reform of the insurance sector, where companies are increasingly withdrawing assistance against climate shocks. Lower-income countries and workers in nations most affected by climate...
Posted: Dec 04, 2023
Money pledges are grabbing the spotlight at COP28 in Dubai, and more were expected on Monday as delegates turned their focus to the yawning gap in how much climate finance is needed and what’s on tap. Monday was expected to …
Posted: Dec 04, 2023
BMW is recalling a small number of SUVs in the U.S. because the driver’s air bag inflators can blow apart in a crash, hurling metal shrapnel and possibly injuring or killing people in the vehicles. U.S. auto safety regulators say …
Posted: Dec 04, 2023
A small western Pennsylvania water authority was just one of multiple organizations breached in the United States by Iran-affiliated hackers who targeted a specific industrial control device because it is Israeli-made, U.S. and Israeli authorities sa...
Posted: Dec 04, 2023