Insurance Journal
Prosecution of widespread crop insurance fraud in Kentucky has continued with the indictment of a tobacco warehouse manager who allegedly facilitated some of the schemes. Thomas H. Kirkpatrick, manager of Farmers Tobacco Warehouse in Danville, conspi...
Posted: Apr 16, 2025
When they boarded a small plane bound for upstate New York this past weekend, the six passengers — a pair of close-knit siblings, their parents and partners — were on the cusp of a new chapter in a family life …
Posted: Apr 16, 2025
Texas is growing. People are moving to the state in droves. Companies want to build their facilities here. Sustaining the growth will require nearly double the electricity the grid deploys today. The state’s grid operator can meet the moment, P...
Posted: Apr 16, 2025
Wildfire losses in the U.S. are increasing, but the risk is still considerably smaller than hurricanes, according to a new KCC white paper. While we usually think of California and other western states—especially since the devastating LA wildfires in...
Posted: Apr 16, 2025
King Risk Partners, based in Gainesville, Florida, has acquired Watts, Dawson & Associates, an independent agency with offices in Temple Terrace and Valrico, Florida. The move expands King Risk’s presence in Florida, the company said in an...
Posted: Apr 16, 2025
King Risk Partners, based in Gainesville, Florida, has acquired Watts, Dawson & Associates, an independent agency with offices in Temple Terrace and Valrico, Florida. The move expands King Risk’s presence in Florida, the company said in an...
Posted: Apr 16, 2025
A St. Louis, Missouri man who allegedly defrauded insurance companies by staging vehicle accidents and injuries was sentenced to 18 months in prison and ordered him to pay $107,951 in restitution, the U.S. Attorney’s Office, Eastern District of...
Posted: Apr 16, 2025
Inszone Insurance Services announce its second acquisition in the state of Kansas with the addition of Munson Insurance Agency, located in Arkansas City, Kansas. This milestone further strengthens Inszone’s presence in the Midwest and demonstra...
Posted: Apr 16, 2025
Alliant Insurance Services has named Tony Mateja as Senior Vice President within its Employees Benefits Group. Based in Chicago, Mateja will leverage his financial background and strategic insight to help clients design and execute long-term, data-dr...
Posted: Apr 16, 2025
China is tightening regulations on battery-powered vehicles and will require its automakers to comply with higher battery safety standards, aiming to reduce risks of fire and explosions in the fast-growing sector. The Ministry of Industry and Informa...
Posted: Apr 16, 2025
The Travelers Cos. said first quarter 2024 fell 65% on an underwriting loss of $305 million. Travelers posted first quarter net income of about $395 million compared to about $1.1 billion during the first quarter of 2024. The underwriting loss …...
Posted: Apr 16, 2025
First quarter net income at Progressive Corp. increased 10% compared to the same period a year ago to about $2.6 billion. Progressive reports results monthly. Net income for March was down 42% to $522 million. The Mayfield Village, Ohio-based insurer...
Posted: Apr 16, 2025
A Swedish probe found no conclusive evidence to suggest that a Chinese ship had deliberately dragged its anchor to damage two Baltic Sea cables, Sweden’s Accident Investigation Authority said on Tuesday, though a separate investigation remains...
Posted: Apr 16, 2025
Alphabet’s Google is being sued in Britain for potential damages of up to 5 billion pounds ($6.6 billion) in a class action alleging the company abused its dominant market position in the online search industry. The class action, filed at ̷...
Posted: Apr 16, 2025
Markel, the insurance operations within Markel Group Inc., announced it has agreed to purchase The MECO Group Ltd. (MECO), subject to regulatory approval. Financial details of the transaction were not disclosed. Founded in 1974, MECO is a leading, in...
Posted: Apr 16, 2025
Zurich North America, headquartered in Schaumberg, Illinois, hired Jeannie Sullivan as head of technology for its U.S. middle market team. She will report to Stan Bernard, head of industry practices for U.S. middle market at Zurich, a leading provide...
Posted: Apr 16, 2025
A series of aviation accidents has rattled flyers enough to drag down ticket sales at the start of the year, contributing to lower financial expectations at major US airlines. And who can blame them? January’s fiery mid-air collision of an R...
Posted: Apr 16, 2025
Three law students on Tuesday sued a U.S. civil rights agency, claiming that its probe into diversity policies at 20 large law firms is illegal and could expose the personal information of lawyers and job applicants. The lawsuit filed in …
Posted: Apr 16, 2025
Florida’s property insurance market is an example of the powerful impact that strong legislative reforms can have in addressing a crisis. Other states, like Georgia, have seen the benefits of Florida’s legal system abuse reforms and are f...
Posted: Apr 16, 2025
An insurer erred in denying workers’ compensation benefits to a utility worker who contracted COVID-19 while on the job, a job the state had deemed as “essential” during the pandemic. The insurer had denied the claim on the basis th...
Posted: Apr 16, 2025
An insurer erred in denying workers’ compensation benefits to a utility worker who contracted COVID-19 while on the job, a job the state had deemed as “essential” during the pandemic. The insurer had denied the claim on the basis th...
Posted: Apr 16, 2025
A fire on a bucolic stretch of California coast has threatened the rapid growth of an industry considered key to greening the power grid — and keeping the lights on. Midway through the afternoon of Jan. 16, flames erupted from …
Posted: Apr 16, 2025
OneDigital, an insurance brokerage, financial services, and HR consulting firm, has acquired Fortune Insurance, a property and casualty firm headquartered in Tacoma, Washington. A press release announcing the news said that with an established presen...
Posted: Apr 16, 2025
The Connecticut Supreme Court has declined to hear conspiracy theorist Alex Jones’ appeal in a defamation case that resulted in a $1.4 billion verdict against him for calling the Sandy Hook Elementary School shooting a hoax. Jones asked the jus...
Posted: Apr 16, 2025
Two explosions occurring two hours apart sent two workers of a storage tank sales and servicing company to the hospital, one with serious burns, prompting the Washington State Department of Labor & Industries to fining the Des Moines, Wash. busin...
Posted: Apr 16, 2025