Insurance Journal

Worker Dies at Montana Platinum and Palladium Mine, Triggering Temporary Mining Halt

A contract worker has died in a machinery accident at an underground precious metals mine in south-central Montana and work has temporarily stopped while the death is investigated, mine officials said. The worker was preparing an area for future mini...

Posted: Nov 15, 2023

Man Charged With Arson for New York Race Track Fire That Killed Dozens of Horses

Authorities are investigating the deaths of more than two dozen racehorses in a barn fire at an upstate New York track that they believe was deliberately set. The horses were killed early Thursday after the barn where they were housed …

Posted: Nov 15, 2023

People Moves: Exton Joins Woodruff Sawyer in California as VP

Lee Exton has joined Woodruff Sawyer as vice president, employee benefits. Woodruff Sawyer is based in San Francisco, Calif. Before joining Woodruff Sawyer, Exton spent over 30 years in employee benefits and health care consulting at Marsh McLennan,...

Posted: Nov 15, 2023

Virginia School System Says Former Student’s Sex Assault Lawsuit Is a Fraud

Allegations that a northern Virginia seventh-grader was repeatedly raped and sexually assaulted at her school more than a decade ago were totally fabricated, lawyers for the school system contend in a court filing seeking the dismissal of a lawsuit s...

Posted: Nov 15, 2023

The National Alliance Releases NEW Advanced Energy Course

Austin, TX., November 14, 2023 — The National Alliance for Insurance Education & Research, the leading provider of insurance and risk-management education, has launched its latest advanced course for risk and insurance professionals: the PRO Focu...

Posted: Nov 14, 2023

Ohio Court Revives Dog Bite Injury Claim Against Insurer Due to Ambiguous Policy Exclusion

An Ohio appellate court revived a dog bite injury claim against an insurer after finding that the terms of an exclusion in the homeowners’ insurance policy, intended to bar coverage for dogs with a history of violence, may not have …

Posted: Nov 14, 2023

1.2 Million Chickens Will be Slaughter At Iowa Egg Farm Where Bird Flu Was Found

An additional 1.2 million chickens will be slaughtered to prevent the spread of the bird flu after the virus was confirmed on an Iowa egg farm in the second massive case this week. The Iowa Department of Agriculture and Land …

Posted: Nov 14, 2023

Hotchkiss Insurance Acquires Texas’ InCore Group

Hotchkiss Insurance has acquired InCore Group, an independent insurance consulting agency serving Texas, Oklahoma, and New Mexico. This move expands Hotchkiss’ footprint for commercial insurance and employee benefits into West Texas and surroun...

Posted: Nov 14, 2023

5.3 Magnitude Earthquake Strikes Remote Area of West Texas

MENTONE, Texas (AP) – An earthquake struck a sparsely populated and remote area of West Texas last Wednesday, the U.S. Geological Survey reported, and the temblor could be felt hundreds of miles away. The USGS reports the 5.3 magnitude quake …

Posted: Nov 14, 2023

5.3 Magnitude Earthquake Strikes Remote Area of West Texas, Felt Hundreds of Miles Away

MENTONE, Texas (AP) – An earthquake struck a sparsely populated and remote area of West Texas last Wednesday, the U.S. Geological Survey reported, and the temblor could be felt hundreds of miles away. The USGS reports the 5.3 magnitude quake …

Posted: Nov 14, 2023

Small Plane Overshoots Runway in Texas, Collides with Car During Emergency Landing

MCKINNEY, Texas (AP) – A small plane overshot the runway while landing at a Texas airport over the weekend and struck a car driving along a nearby road, injuring one person, authorities said. Video shows the propeller plane smash through …

Posted: Nov 14, 2023

American Coastal, Once Affiliated with UPC, Has Buyer for Interboro in New York

American Coastal Insurance Corp., formerly affiliated with Florida-based United Property & Casualty Insurance, announced it has a cash buyer for Interboro Insurance Co. in New York. According to the company, the unnamed buyer will acquire 100% of...

Posted: Nov 14, 2023

Viewpoint: Proposed Flood Zone Expansion Would Increase Need for Private Insurance

A federal advisory panel’s proposal that the U.S. government expand the areas considered to be at high risk of flooding could increase the number of homeowners required to buy flood insurance. While this would increase the amount of insured flo...

Posted: Nov 14, 2023

People Moves: Canopius Names Newman UK CEO; Sedgwick Selects Gibson as UK CEO

This edition of International People Moves details appointments at Canopius Group and Sedgwick. A summary of these new hires follows here. Canopius Promotes Newman to UK CEO Canopius Group, the London-based specialty re/insurer, announced the appoint...

Posted: Nov 14, 2023

People Moves: Canopius Names Newman UK CEO; Gibson Named Sedgwick’s UK CEO

This edition of International People Moves details appointments at Canopius Group and Sedgwick. A summary of these new hires follows here. Canopius Promotes Newman to UK CEO Canopius Group, the London-based specialty re/insurer, announced the appoint...

Posted: Nov 14, 2023

Columbia University and Hospital Plan $100M Fund for Hadden Sex Abuse Survivors

New York City’s Columbia University and Columbia University Irving Medical Center (CUIMC) announced a plan that includes a $100 million fund for survivors to address the abuse and trauma inflicted by former gynecologist Robert Hadden. The $100...

Posted: Nov 14, 2023

Colorado Legislature Convening to Address Skyrocketing Property Costs

Colorado Gov. Jared Polis hoisted a red baseball bat and smashed emergency glass in a silly demonstration for a very real crisis, Colorado homeowners are looking down the barrel of a potential 40% jump in property tax bills. After a …

Posted: Nov 14, 2023

ICBC Flies Top Executives to US in Race to Contain Hack Fallout

Within days of a cyberattack at its US unit, members of Industrial & Commercial Bank of China Ltd.’s management were on a plane. Officials from the world’s largest lender arrived in the US over the weekend in a hastily arranged &#8230...

Posted: Nov 14, 2023

Economic Threats Top List of G20 Business Leaders’ Concerns: WEF Survey

Economic and societal threats – such as an economic downturn, inflation, and an erosion of social cohesion – rank among the biggest risks in G20 countries over the next two years, according to a global survey of business leaders conducted …

Posted: Nov 14, 2023

Update – Economic Threats Top List of G20 Business Leaders’ Concerns: WEF Survey

Economic and societal threats – such as an economic downturn, inflation, and an erosion of social cohesion – rank among the biggest risks in G20 countries over the next two years, according to a global survey of business leaders conducted …

Posted: Nov 14, 2023

Judge Says Hair Relaxer Claims Against L’Oreal, Revlon Can Proceed

A federal judge on Monday allowed the majority of claims to move forward in sprawling litigation that claims chemical hair relaxer products made by L’Oreal USA, Revlon and others cause cancer and other injuries. Illinois-based U.S. District Jud...

Posted: Nov 14, 2023

Clear Group Buys UK’s Peter Hoare & Co. (Insurance Brokers) Ltd.

The Clear Group, the London-based independent broker, has acquired Peter Hoare & Co. (Insurance Brokers) Ltd., based in Sheffield, England. Financial details of the transaction were not disclosed. Established in 1964, Peter Hoare specializes in c...

Posted: Nov 14, 2023

2 Arrested After Atlanta Apartment Fire Linked to Fireworks Displaces 100+

ATLANTA (AP) — Two people have been arrested in connection with a fire that damaged an Atlanta apartment complex and led to more than a hundred evacuations. Atlanta news outlets reported that the fire happened Friday night. Firefighters were st...

Posted: Nov 14, 2023

Arthur J. Gallagher & Co. Acquires Australia’s Edgar Insurance Brokers

Arthur J. Gallagher & Co. announced the acquisition of Cobram, Victoria-based Edgar Insurance Brokers. Terms of the transaction were not disclosed. Edgar Insurance Brokers provides commercial insurance products and services in Australia with a cl...

Posted: Nov 14, 2023

Markets/Coverages: WTW Launches Global D&O Excess Facility Called ‘A-Star’

Insurance broker WTW announced the launch of “A-Star,” an excess layer D&O insurance solution for directors and officers. The new facility provides access to up to £/$/€ 80,000,000 additional capacity for directors & officers liab...

Posted: Nov 14, 2023