Insurance Journal

Derailment Costs Grow for Norfolk Southern but Railroad’s Trains Moving More Smoothly

Norfolk Southern’s costs related to the East Palestine derailment have grown to reach nearly $1 billion, but the railroad`s service is improving and its insurance companies have started to pay their share of the cost of the crash in eastern &#8...

Posted: Oct 27, 2023

Texas Women Want Careers as Truck Drivers Say They Can’t Get a Job Because of Their Gender

Ashli Streeter entered truck driving school with high hopes of the open road and a well-paying job. The 27-year-old from Killeen took out a $7,000 loan for school and received her commercial driver’s license in May. After months of filling &#82...

Posted: Oct 27, 2023

Former Medical Resident At Mayo Clinic in Minnesota Charged With Poisoning His Wife

A poison specialist and former medical resident at Mayo Clinic in Minnesota is charged with fatally poisoning his wife, a 32-year-old pharmacist who died days after she went to a hospital in August with stomach distress. Authorities say Connor Bowman...

Posted: Oct 27, 2023

Courts Find ‘How Many Apartment Units Are There?’ Is an Ambiguous Question

Because its application question about how many apartments were in a New York building was considered ambiguous, an insurer has lost its bid to deny a commercial property insurance claim and rescind the policy. The Second Circuit Court of Appeals &#8...

Posted: Oct 27, 2023

Sentry in Wisconsin Contributes Another $350K to Support Maui Wildfire Recovery

Sentry Insurance in Wisconsin announced additional donations of $350,000 to bolster the ongoing Maui wildfire recovery efforts. The contribution brings the company’s total giving to Maui non-profits for direct wildfire relief to $1 million. As...

Posted: Oct 27, 2023

Kentucky Approves 18th-straight Decrease in Workers’ Comp Loss Costs

Kentucky’s Insurance Commissioner has approved a 6.4% decrease in average workers’ compensation loss costs for the state, making it the 18th consecutive drop in costs for most Kentucky employers. “The decreased claim figures make Ke...

Posted: Oct 26, 2023

Acapulco’s Economic Losses Seen at $15 Billion as Hurricane Otis Death Toll Rises

Hurricane Otis left a trail of destruction in Acapulco after tearing into the historic Mexican beach town with wind speeds of 165 miles (266 kilometers) per hour, smashing shops and wrecking apartment buildings and hotels. State authorities have repo...

Posted: Oct 26, 2023

AgentSync Raises $50M in Funding to Drive Operational Efficiencies For Insurers and Distributors

AgentSync doubles down on building the most modern and connected producer management and compliance solutions to provide flexibility in distribution channels for carriers, agencies, and MGAs DENVER, CO, October 26, 2023 — AgentSync, the leader in mod...

Posted: Oct 26, 2023

NIP Group Introduces the Edge Series: Specialized Monoline Insurance Products for the Construction a...

WOODBRIDGE, N.J., October 26, 2023 — NIP Group, a premier insurance and risk intermediary, is proud to unveil the Edge Series, a suite of monoline insurance products purposefully crafted for over 50 classes within the construction and agricultural in...

Posted: Oct 26, 2023

RMS Brokerage Acquires Clancy & Clancy in New York

RMS Insurance Brokerage, LLC announced that it has acquired Garden City, New York-based Clancy & Clancy Brokerage LTD (C&C). An independent insurance agency founded in 1956 by the late Maureen and Cummin Clancy, C&C offers commercial and...

Posted: Oct 26, 2023

FEMA Raises Federal Cost Share to 90% of Eligible Hurricane Ian Recovery in Florida

The Federal Emergency Management Agency has raised the federal cost share for funding assistance, potentially making millions more dollars available for Hurricane Ian recovery efforts in Florida, the agency said Wednesday. FEMA Administrator Deanne C...

Posted: Oct 26, 2023

Jury Awards $270K in Baylor University Suit Brought by Former Student

A federal jury found Baylor University negligent in a Title IX lawsuit and awarded $270,000 to a former student who alleged she was physically abused by a football player in 2014 during a period of wide- ranging scandal at the …

Posted: Oct 26, 2023

Flights Delayed and Canceled at Texas Airport After 2 Private Jets Clip Wings on Airfield

Flights were delayed and canceled this week at Houston`s William P. Hobby Airport as crews cleaned up after two private jets clipped wings when they were moving on the airfield, officials said. No injuries were reported and the city fire …

Posted: Oct 26, 2023

Amazon Injuries More Widespread Than Thought, Study Says

More than two-thirds of Amazon.com Inc. US warehouse workers surveyed by researchers reported that they took unpaid time off to recover from pain or exhaustion sustained on the job. The new national study, published Wednesday by the University of Ill...

Posted: Oct 26, 2023

Deadly Bird Flu Cases in Iowa, Joining 3 Other States As Disease Resurfaces

Two commercial turkey farms in Iowa have been hit by the reemerging highly pathogenic bird flu, causing about 100,000 birds to be killed to prevent the disease from spreading. The Iowa Department of Agriculture reported the infected commercial poultr...

Posted: Oct 26, 2023

New Deadly Bird Flu Cases Reported in Iowa, Joining 3 Other States As Disease Resurfaces

Two commercial turkey farms in Iowa have been hit by the reemerging highly pathogenic bird flu, causing about 100,000 birds to be killed to prevent the disease from spreading. The Iowa Department of Agriculture reported the infected commercial poultr...

Posted: Oct 26, 2023

Michigan Governor Criticizes MSU For ‘Scandal After Scandal,’ Leadership Woes

Gov. Gretchen Whitmer ripped into Michigan State University, accusing the school of “no clear unified leadership” amid rancor on the governing board and other unflattering incidents. Whitmer’s statement came after two trustees over...

Posted: Oct 26, 2023

People Moves: Lockton Re Names Aon’s Wilkinson in New Role as International Head of Analytics; DUAL...

This edition of International People Moves details appointments at Lockton Re and DUAL Deutschland. A summary of these new hires follows here. Lockton Re Names Aon’s Wilkinson in New Role as International Head of Analytics Lockton Re, the reins...

Posted: Oct 26, 2023

Toll Rises to 8 Dead, 63 Hurt From Louisiana Interstate Pileup Blamed on Dense Fog, Smoke

The toll from a series of crashes on a Louisiana interstate rose to eight dead and 63 injured Tuesday evening, a day after a “super fog” of marsh fire smoke and dense fog snared more than 160 vehicles in the …

Posted: Oct 26, 2023

8 Dead, 63 Hurt From Louisiana Interstate Pileup Blamed on Dense Fog, Smoke

The toll from a series of crashes on a Louisiana interstate rose to eight dead and 63 injured Tuesday evening, a day after a “super fog” of marsh fire smoke and dense fog snared more than 160 vehicles in the …

Posted: Oct 26, 2023

Cyber Security and Insurance Platform Upfort in California Raises $8M in Series A Funding

Upfort raised $8 million in a Series A funding round led by SYN Ventures, with participation of Eniac Ventures and Fika Ventures, which co-led Upfort’s seed round. Upfort’s goal is to simplify the way brokers and insurers sell insurance a...

Posted: Oct 26, 2023

Cybersecurity, Insurance Platform Upfort in California Raises $8M Series A Funding

Upfort raised $8 million in a Series A funding round led by SYN Ventures, with participation of Eniac Ventures and Fika Ventures, which co-led Upfort’s seed round. Upfort’s goal is to simplify the way brokers and insurers sell insurance a...

Posted: Oct 26, 2023

Bankman-Fried Could Take Stand at Fraud Trial Over FTX Collapse

Sam Bankman-Fried could take the stand at his fraud trial as soon as Thursday, when prosecutors are set to finish presenting their case accusing the founder of now-bankrupt cryptocurrency exchange FTX of stealing billions of dollars from customers. D...

Posted: Oct 26, 2023

Australia Court Rules Carnival Negligent Over Cruise’s COVID Risks in Landmark Ruling

A cruise operator that failed to cancel a voyage from Sydney that led to a major COVID-19 outbreak was ruled negligent in its duty of care to passengers in an Australian class-action case Wednesday. The Ruby Princess ocean liner left …

Posted: Oct 26, 2023

Probe of Damaged Baltic Sea Pipeline, Telecoms Cable Focuses on Chinese-Owned Ship

Estonia’s investigation into a damaged Baltic Sea telecoms cable will focus on the actions of a Chinese-owned vessel, the country’s prosecutor general said, after Finland blamed damage to a nearby pipeline on a ship. Early on Oct. 8, a ga...

Posted: Oct 26, 2023