Insurance Journal
The Coast Guard said Monday it has launched a formal investigation into a fatal accident aboard a historic schooner off the coast of Maine in which a mast fell and killed one person and injured three others. The main mast …
Posted: Oct 19, 2023
Pacific Gas & Electric – one of the nation’s largest utilities whose equipment has sparked some of California`s deadliest wildfires – wants to bury power lines in some of its most at-risk areas to prevent destructive blazes like the 2018 &#...
Posted: Oct 19, 2023
In sales, you always hear about the big fish. For one, catering to new companies, or what some would call business babies or startups, takes a lot of work for less return. However, Danielle Hernandez has built her business on …
Posted: Oct 19, 2023
A Benedictine monk has been suspended from ministry after the Catholic Archdiocese of Baltimore recently became aware of a payment he made several years ago to settle sexual harassment allegations. Last week, Father Paschal Morlino was dismissed from...
Posted: Oct 19, 2023
A driver who suffers a sudden medical emergency and crashes into another vehicle may be held liable for the accident even if never diagnosed with the condition or never advised not to drive. If the driver knew or should have …
Posted: Oct 19, 2023
The Louisiana Fortify Homes Program (LFHP) opened its second round of grants this week. Homeowners must have a policy with Louisiana Citizens Property Insurance Corporation to apply for one of 1,000 grants available in the second round. Grants will b...
Posted: Oct 18, 2023
Allyson Padilla Named President of the Independent Insurance Agents of Illinois Allyson Padilla of Blank’s Insurance Agency in Olney, Illinois, has been elected and was formally installed as the President of the Independent Insurance Agents of...
Posted: Oct 18, 2023
This edition of International People Moves details appointments at Zurich Insurance, Arch Insurance and Liberty Specialty Markets. A summary of these new hires follows here. Zurich Promotes Fritz to CEO Zurich Nordic Zurich Insurance has appointed Ma...
Posted: Oct 18, 2023
Arthur J. Gallagher & Co. announced it has acquired the assets of Southfield, Michigan-based Meadowbrook Insurance Agency. Terms of the transaction were not disclosed. Meadowbrook Insurance Agency is a retail insurance broker offering a comprehen...
Posted: Oct 18, 2023
The Texas Department of Insurance (TDI) has announced the hiring of Robert Rudnai as its captive insurance specialist. Rudnai is responsible for licensing and monitoring Texas-based captives and alerting businesses to the potential of starting a capt...
Posted: Oct 18, 2023
A $9.5 trillion investor group that includes Allianz SE, Legal & General Plc and the California Public Employees’ Retirement System reported a modest decline in greenhouse gas emissions enabled by its members’ lending and investment a...
Posted: Oct 18, 2023
Third quarter net income at Travelers Cos. fell 11% compared to the prior-year quarter to $404 million on higher catastrophe losses and unfavorable reserve development. As one of the first insurers to report quarterly results, New York-based Traveler...
Posted: Oct 18, 2023
Ki, the first fully digital and algorithmically driven Lloyd’s syndicate, announced that Travelers and Aspen will offer additional follow capacity through its digital platform from Jan. 1, 2024. As a result of this partnership, Ki will become t...
Posted: Oct 18, 2023
The California Trucking Association (CTA) has asked a federal judge to stop a state rule that would require truckers to switch to zero-emissions vehicles by 2042, calling it “a vast overreach” that threatens the survival of industry. The...
Posted: Oct 18, 2023
A steady stream of ships is hauling grain and metals from Ukraine a month after the first inbound vessel sailed through its new shipping corridor in the Black Sea in defiance of Russian threats. More than 30 vessels have called …
Posted: Oct 18, 2023
Nirvana Insurance announced a $57 million Series B funding round with Lightspeed Venture Partners investing again to lead the round, and additional participation from General Catalyst and Valor Equity Partners. The new funding positions San Francisco...
Posted: Oct 18, 2023
Hamilton Insurance Group Ltd., the Bermuda-based special re/insurer, announced it has filed a registration statement with the US Securities and Exchange Commission, relating to a proposed initial public offering of its common shares. Hamilton intends...
Posted: Oct 18, 2023
Tennessee’s Department of Commerce and Insurance has mediated more than 3,000 complaints against insurers so far this year, resulting in a record $13 million awarded to insureds, the department said this week. “This amount represents the...
Posted: Oct 18, 2023
Chicago-based Green Shield Risk Solutions has announced the introduction of its specialty homeowners insurance platform built with INSTANDA. Brought to market in just over 90 days, the platform enables quoting, binding and management of affluent home...
Posted: Oct 18, 2023
A bus driver and 12 children were hurt when a school bus headed to a southeastern Virginia elementary school overturned Monday morning, officials said. City of Suffolk spokesperson Jennifer Moore said the crash happened around 9:30 a.m. on Cypress Ch...
Posted: Oct 18, 2023
A cyber attack on a major financial services payments system could result in widespread business disruptions, potentially costing the global economy $3.5 trillion over a five-year period, according to research from Lloyd’s and the Cambridge Cen...
Posted: Oct 18, 2023
Fawcett Named Maryland Associate Commissioner for Property/Casualty Maryland Insurance Commissioner Kathleen A. Birrane has appointed William Fawcett as associate commissioner for property and casualty for the Maryland Insurance Administration. Fawce...
Posted: Oct 18, 2023
U.S. auto safety regulators on Tuesday opened a probe into whether General Motors’ self-driving unit Cruise is taking sufficient precautions with its autonomous robotaxis to safeguard pedestrians. The National Highway Traffic Safety Administrat...
Posted: Oct 18, 2023
Taiwanese container shipping line Evergreen has declared force majeure on a shipment to the Israeli port of Ashdod, with its Ever Cozy vessel diverted to Haifa further north due to safety concerns, according to a customer note. This is one …
Posted: Oct 18, 2023
FTX founder Sam Bankman-Fried’s lawyer on Tuesday said the now-bankrupt cryptocurrency exchange’s investments were not “reckless and frivolous,” pushing back against testimony by a former executive who called its spending on m...
Posted: Oct 18, 2023