Insurance Journal

People Moves: California Commissioner Make Appointments to CAARP, CIGA Board and Insurance Diversity...

California Insurance Commissioner Ricardo Lara reappointed members Bernardo de la Torre, Cynthia Strathmann and Doug Heller to the California Automobile Assigned Risk Plan (CAARP) Advisory Committee. Deepika Srivastava and Don Jones were named the ne...

Posted: Nov 21, 2023

Alacrity Acquires South Carolina’s Cross Country Adjusting

Insurance Claims management service Alacrity Solutions Group, has acquired Cross Country Adjusting of Pageland, South Carolina. CCA, founded in 2005, provides residential and commercial property claims adjusting through a national network of adjuster...

Posted: Nov 21, 2023

People Moves: Unison Risk Advisors Names Maisano SVP; Central Insurance Makes Changes to Leadership...

Unison Risk Advisors Names Maisano SVP of Corporate Development Unison Risk Advisors, headquartered in Cleveland, Ohio, hired Andrew Maisano as senior vice president of corporate development. Unison Risk Advisors is the holding company for Oswald Com...

Posted: Nov 20, 2023

People Moves: Alliant Insurance Services Hires Woods as VP

Alliant Insurance Services, headquartered in Irvine, Calif., named Richard Woods vice president within its Alliant Americas division. Woods is based in Dallas, Texas. Before joining Alliant, Woods was a risk management consultant at Lockton. He previ...

Posted: Nov 20, 2023

People Moves: Hagerty to Head US Retail Property at Everest Insurance; AIG Hires Navagamuwa as Chief...

Roshan Navagamuwa joins American International Group, Inc. (AIG) in December as executive vice president and chief information officer, effective January 1, 2024. AIG is headquartered in New York, N.Y. Navagamuwa joins AIG from CVS Health, where he w...

Posted: Nov 20, 2023

Federal Authorities Investigate Underwater Oil Pipeline Leak off Louisiana Coast

VENICE, La. (AP) – Federal authorities said Saturday that they`re investigating a leak from an underwater oil pipeline off the coast of Louisiana. The National Transportation Safety Board said on X, formerly known as Twitter, that it had sent a &#823...

Posted: Nov 20, 2023

NTSB Begins Probe Into Chicago Commuter Train Crash That Injured 40

CHICAGO (AP) – Federal safety officials said Friday they have launched an investigation into a Chicago commuter train crash that injured nearly 40 people but they`re likely more than a year away from releasing any conclusions about what caused the &#...

Posted: Nov 20, 2023

Fans File Class-Action Lawsuit Against The Las Vegas Grand Prix

Formula One fans upset at being forced to leave the Las Vegas Grand Prix venue before the start of the second practice session filed a class-action lawsuit. Las Vegas-based Dimopoulos Law Firm and co-counsel JK Legal & Consulting filed the &#8230...

Posted: Nov 20, 2023

Ivestigators Found Fire And Safety Hazards on Land Under Los Angeles Before Arson Fire

State investigators repeatedly identified fire and safety hazards at a leased storage space under an elevated Los Angeles freeway before it burned in an arson fire, documents show. The Nov. 11 blaze, fed by flammable materials stored under the roadwa...

Posted: Nov 20, 2023

Investigators Found Fire And Safety Hazards on Land Under Los Angeles Before Arson Fire

State investigators repeatedly identified fire and safety hazards at a leased storage space under an elevated Los Angeles freeway before it burned in an arson fire, documents show. The Nov. 11 blaze, fed by flammable materials stored under the roadwa...

Posted: Nov 20, 2023

Best Agency to Work For – Gold South Central: G&G Independent Insurance

At G&G Independent Insurance, the mission of delivering exceptional experiences extends to both clients and employees. A culture of collaboration, respect and support makes the Fayetteville, Arkansas-based agency a place where employees feel comf...

Posted: Nov 20, 2023

Best Agency to Work For – Gold Midwest: The Bulow Group

The Bulow Group has the winning formula for happy employees. In recent years, the agency won bronze, silver and gold awards as the Best Agency to Work For from Insurance Journal, and in 2023, they add another gold award to …

Posted: Nov 20, 2023

Markets/Coverages: McGill and Partners Launches Coverage for Corporate Insolvency as D&O Policy Exte...

McGill and Partners, the London-based boutique specialist re/insurance broker, has launched SAIFElimits, a coverage solution for corporate insolvency. The scheme is designed to be incorporated into any primary directors and officers (D&O) policy...

Posted: Nov 20, 2023

Best Agency to Work For – Overall Winner: Mackoul Risk Associates

Mackoul Risk Associates with offices in both Morristown, New Jersey, and Long Beach, New York, lives and breathes the motto, “work hard and play hard.” As one employee wrote when nominating the agency for this year’s annual Best Age...

Posted: Nov 20, 2023

River Rhine in South Germany Closed to Shipping Due to High Water Levels

Parts of the river Rhine in south Germany remain closed to shipping on Monday after a rise in water levels following recent heavy rain, navigation authorities said on Monday. Rhine river shipping remains stopped around Maxau in south Germany, the &#8...

Posted: Nov 20, 2023

SEC Signals It May Curb Climate Rule Ambitions

U.S. Securities and Exchange Commission (SEC) officials have told lobbyists and corporate executives in recent days that the agency’s long-anticipated climate rules may scale back some of the most demanding greenhouse gas emissions disclosure r...

Posted: Nov 20, 2023

AM Best Places Florida Farm Bureau Ratings Under Review After Idalia Losses Pile On

AM Best has placed under review with negative implications the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Ratings of “bbb+” (Good) of Florida Farm Bureau Casualty Insurance Co. and its fully reinsured subsidia...

Posted: Nov 20, 2023

Capture of Israeli-Owned Ship Reignites Fears Over Mideast Shipping

An Israeli-owned ship seized in the Red Sea by Iran-backed Houthi rebels in retaliation for the war in Gaza is raising fears over more widespread disruption in one of the world’s busiest shipping routes. The Galaxy Leader, beneficially owned by...

Posted: Nov 20, 2023

Grain Ship, Damaged off Coast of Ukraine, Likely Hit Sea Mine: Sources

A merchant ship transporting grains was lightly damaged off the coast of Ukraine and was likely to have been hit by a floating sea mine, according to maritime specialists and a Ukrainian government source. This is the latest incident affecting &#8230...

Posted: Nov 20, 2023

Injuries to European Footballers Rise to $767 Million During World Cup Year: Howden

Injuries to European footballers became more severe after the winter World Cup in Qatar last year, contributing to a nearly 30% annual jump in the cost to clubs of seeing their players sit on the sidelines. The findings come in …

Posted: Nov 20, 2023

India Tunnel Collapse Shows Risk of Construction in Fragile Himalayas

For nearly a week, 40 workers have been trapped in an under-construction tunnel after a landslide demolished its entrance, derailing a major connectivity development in India’s mountainous state of Uttarakhand. Since Nov. 12, rescue teams have...

Posted: Nov 20, 2023

Australian Telco Optus’ CEO Quits After Massive Network Outage and Cyber Attack

The head of Australia’s second-largest telco Optus resigned on Monday, cutting short a more than three-year tenure marred by a massive network-wide outage and one of Australia’s largest data breaches. Parent Singapore Telecommunications a...

Posted: Nov 20, 2023

Nationwide: Gap Between Agents, Commercial Clients View of Severe Weather

A Nationwide study has found that independent insurance agents believe many of their commercial clients don’t have adequate coverage to protect their businesses from severe weather. While 82% of surveyed property stakeholders reported working w...

Posted: Nov 20, 2023

Ransomware Gang LockBit Revises Its Tactics to Get More Blackmail Money

LockBit, the prolific ransomware gang that has launched attacks recently on Boeing Co. and Industrial Commercial Bank of China Ltd., among others, has revised the way it tries to blackmail victims because it’s disappointed with lower-than-expec...

Posted: Nov 20, 2023

Choice Financial Acquires Hackmeier Agency in South Florida

Virginia-based Choice Financial Group has acquired Jeff D. Hackmeier and Associates, a south Florida insurance agency catering to high net-worth clients. Hackmeier, based in Bay Harbor Islands, near Miami, has been in business since 1978, the compani...

Posted: Nov 20, 2023