Insurance Journal
Virginia Governor Glenn Youngkin has declared a state of emergency to assist firefighter response efforts on two wildfires around the state due to dry conditions and high winds. Two fires—the Quaker Run Fire in Madison County and the Tuggles Gap R...
Posted: Nov 08, 2023
Frederick Mutual, which is exiting the personal lines market and focusing strictly on commercial lines in the Mid-Atlantic and Southern regions, has reached a renewal rights agreement with another insurer for the bulk of its personal lines business....
Posted: Nov 08, 2023
Frederick Mutual, which is exiting the personal lines market and focusing strictly on commercial lines in the Mid-Atlantic and Southern regions, has reached a renewal rights agreement with another insurer for its personal lines business. Beginning Ja...
Posted: Nov 08, 2023
Sentry Insurance has expanded its presence with a new regional office in Plano, Texas that will service businesses in the South Central region. The new office will occupy 11,400 square feet at the Apex at Legacy, located at 5801 Headquarters …
Posted: Nov 08, 2023
This edition of International People Moves details appointments at AXA XL and Trium Cyber. A summary of these new hires follows here. AXA XL Names Gerbaud as CUO for APAC & Europe AXA XL Insurance announced that Adias Gerbaud has …
Posted: Nov 08, 2023
Ann DiPasquale has joined Alliant Insurance Services, headquartered in Irvine, Calif., as senior vice president within its employee benefits group. DiPasquale is based in Kansas City, Mo. DiPasquale has more than 15 years of benefits, healthcare and...
Posted: Nov 08, 2023
DOXA Insurance Holdings announced it has entered into a definitive agreement to be acquired by Goldman Sachs Asset Management. The Fort Wayne, Indiana-based MGA said the investment will help fuel its ongoing acquisition strategy in addition to its or...
Posted: Nov 08, 2023
NEW ORLEANS (AP) – Dense smoke reminiscent of last month`s “super fog” that rolled into Louisiana has led to a deadly crash that shut down Interstate 10 in the New Orleans area early Tuesday, police said. The thoroughfare was closed ̷...
Posted: Nov 08, 2023
If yours is like many companies, hackers have infiltrated a tool your software development teams are using to write code. Not a comfortable place to be. Developers have long used sites like stackoverflow.com as forums where they could get code …...
Posted: Nov 08, 2023
Microsoft Corp. is offering US politicians and campaign groups a tool aimed at helping fight the rise of deepfakes ahead of the 2024 presidential election. The new tool will allow parties to authenticate their videos and photos with so-called waterma...
Posted: Nov 08, 2023
James River Group Holdings Ltd. announced it has entered into a definitive agreement to sell JRG Reinsurance Co. Ltd., its casualty reinsurance business, to Fleming Intermediate Holdings. The total estimated transaction value is $277 million, inclusi...
Posted: Nov 08, 2023
Ivan’s Index for the third quarter found the average premium renewal rate increased for all major commercial lines of business except workers’ compensation. Compared to the same period a year ago, Q3 2023 average renewal rate increases we...
Posted: Nov 08, 2023
Some insurers are excluding Israel, Lebanon and other Middle Eastern countries from their event cancellation policies after the Israel-Hamas war resulted in some activities being pulled. European Aquatics last week called off the continental water po...
Posted: Nov 08, 2023
Ping An Insurance (Group) Co. doesn’t hold any shares in Country Garden Holdings Co. and has no plans to acquire the distressed Chinese developer, the company disclosed in a Shanghai Stock Exchange filing on Wednesday. The insurer said it hasn&...
Posted: Nov 08, 2023
Western New York’s Evans Bancorp, Inc. has agreed to sell its insurance agency operation, The Evans Agency, to global insurance broker Arthur J. Gallagher & Co. for $40 million. The net gain on sale, on an after-tax basis, is expected ̷...
Posted: Nov 08, 2023
Greenlight Capital Re Ltd., the Cayman Islands-based multiline property/casualty insurer and reinsurer, announced that Simon Burton, the company’s chief executive officer intends to step down, effective Dec. 31, 2023. He will be succeeded as CE...
Posted: Nov 08, 2023
Heidi Lange was among the first to rebuild after the deadliest wildfire in California history destroyed her home in 2018 along with much of the town of Paradise. After the fire, she got divorced, which left her with only half …
Posted: Nov 08, 2023
The stuntman in “Black Panther” and “Avengers” movies was remembered by loved ones after he and three of his children were killed in a car crash last week in Georgia. Atlanta TV station WSB, the New York Times and others ̷...
Posted: Nov 08, 2023
CHARLESTON, W.Va. (AP) — Local governments in West Virginia will start seeing opioid settlement money by the year`s end, the board in charge of distributing the lion’s share of around $1 billion in funds announced Monday. Around $73.5 mil...
Posted: Nov 08, 2023
The Liberty Company Insurance Brokers continues its growth with the acquisition of Massabni Insurance & Financial, a veteran and family-owned agency in Hyattsville, Maryland. The deal was made in partnership with Liberty Boudreau Insurance Servic...
Posted: Nov 08, 2023
The Florida House of Representatives moved quickly this week to approve more funding for the state’s popular home-hardening program, along with grants, loans and tax breaks for areas hit by Hurricane Idalia in August. But a last-ditch effort to...
Posted: Nov 08, 2023
The Florida House of Representatives and Senate moved quickly this week to approve more funding for the state’s popular home-hardening program, along with grants, loans and tax breaks for areas hit by Hurricane Idalia in August. But a last-ditc...
Posted: Nov 08, 2023
The Maryland attorney general is investigating a fatal officer-involved shooting that occurred in Baltimore on the afternoon. of November 7 According to the state, officers with the Baltimore police department fatally shot an armed man in 2600 block...
Posted: Nov 08, 2023
In such a fast-changing cyber risk landscape, experts say preparation is key, and one element that can help with that is cyber insurance. “Cyber insurance is such a critical tool when you think about having a policy and having an …
Posted: Nov 08, 2023
INDIANAPOLIS (AP) – A woman who allegedly drove her car into a building in Indianapolis after watching coverage of the Israel-Hamas war told officers she believed the building was an “Israel school,” according to police and court records....
Posted: Nov 08, 2023