Insurance Journal
Robert Cowan has joined Alliant Insurance Services as vice president within its Alliant Americas division. Cowan is based in Lafayette, La., and will serve clients in the southeast and southwest U.S. Cowan joins Alliant with over 20 years of manageme...
Posted: Oct 06, 2023
A New Jersey insurance agent and the owner of painting company were arrested this week on allegations of insurance fraud. Morris County Prosecutor Robert J. Carroll and Morris County Chief of Detectives Robert McNally announced the arrest of Christop...
Posted: Oct 06, 2023
The merger of Wisconsin-based United Mutual Insurance Company as a subsidiary under Ohio Mutual Insurance Group’s mutual holding company structure has been completed. Immediate plans include adding new products and additional benefits to member...
Posted: Oct 06, 2023
Elon Musk, the world’s richest man, is being sued by the U.S. Securities and Exchange Commission, which is trying to compel him to testify as part of a probe into his $44 billion takeover of social media giant Twitter, a …
Posted: Oct 06, 2023
Hemp is often a sidenote in conversations about the cannabis industry, but hemp has far greater growth potential than most people probably think. That’s according to a new report out that shows hemp along is a $350 billion market based …
Posted: Oct 06, 2023
A Jersey Shore town where childhood cancer cases rose is trying to overturn a settlement between the state and the corporate successor to the company that dumped toxic waste into the water and ground for decades, turning part of the …
Posted: Oct 06, 2023
Erie Insurance Co. is taking its tiff with the Maryland insurance commissioner over the handling of discriminatory practices findings to federal appeals court. The insurer maintains that the Maryland Insurance Administration has not afforded it adequ...
Posted: Oct 06, 2023
Households can experience significant financial strain through pressures to income and expenses due to climate hazards, a report from the U.S. Department of Treasury shows. The report, The Impact of Climate Change on American Household Finances, adds...
Posted: Oct 05, 2023
CRC Group, a wholesale speciality insurance distributor based in Birmingham, Alabama, part of Truist Insurance Holdings, has named three people to leadership roles. Mike Baeurle was appointed chief client officer, overseeing retail agency distributio...
Posted: Oct 05, 2023
State attorneys general were busy Thursday announcing their share of a $49.5 million settlement with software company Blackbaud related to a 2020 ransomware event that exposed the data of millions of people across the U.S. Blackbaud said it reached t...
Posted: Oct 05, 2023
Tennessee’s comptroller wants more-frequent property appraisals to keep up with rapidly escalating home prices, a move that could affect property insurance limits and premiums in the state. Comptroller of the Treasury, Jason Mumpower, said he h...
Posted: Oct 05, 2023
Tennessee’s comptroller wants more-frequent property appraisals to keep up with rapidly escalating home prices, a move that could affect property insurance limits and premiums in the state. Comptroller of the Treasury, Jason Mumpower, said he h...
Posted: Oct 05, 2023
Renaissance Alliance, a network of independent insurance agencies, has acquired another network – Agency Partners Inc. (API). With headquarters in Alma, Georgia, API has grown rapidly in the last four years to now include 54 member agencies in Georgi...
Posted: Oct 05, 2023
Florida’s Office of Insurance Regulation has approved the take out of another 153,000 policies from Citizens Property Insurance Corp., the state’s price-controlled residual insurer. Almost half of the takeouts were approved for Slide Insu...
Posted: Oct 05, 2023
The judge overseeing the Catholic Diocese of Rockville Centre bankruptcy has denied a request by the committee representing sexual abuse claimants for permission to sue the church’s insurers, calling the filing a “hopeless” exercise...
Posted: Oct 05, 2023
Smoke from a burning field apparently caused a crash involving over a dozen vehicles, killing at least two people and closing Highway 67 in both directions, Arkansas State Police said. Troopers at the site of the pileup said there were …
Posted: Oct 05, 2023
Potomac Electric Power Co. (Pepco) will pay more than $57 million to resolve allegations that it discharged toxic chemicals into the District of Columbia’s land and waterways for decades, resulting in the persistent toxic pollution of the Anaco...
Posted: Oct 05, 2023
Extreme heat is usually associated with drought and wildfires. But across five continents this year, it’s also unleashed a different kind of disaster: deadly flooding. Cities around the world have seen record rainfall more than 130 times in 202...
Posted: Oct 05, 2023
Coalition, the San Francisco-based cyber managing general agent and cyber-security firm, announced a strategic partnership with Japan’s MS&AD Insurance Group to provide cybersecurity monitoring solutions for small and medium-sized businesse...
Posted: Oct 05, 2023
Low water levels after recent dry weather are preventing cargo vessels from sailing fully loaded on the Rhine river in Germany with surcharges added to the usual freight rates, commodity traders said on Thursday. Low water is hampering shipping on &#...
Posted: Oct 05, 2023
Jet engine maker CFM International said on Wednesday the number of engines suspected of containing falsely documented parts from a UK distributor had risen to 126, including 16 inside its own workshops after it inadvertently bought them indirectly. C...
Posted: Oct 05, 2023
Royal Bank of Scotland (RBS) on Wednesday lost an appeal over unfair commissions that were charged to customers who were sold payment protection insurance (PPI), potentially increasing lenders’ exposure to litigation over the long-running scand...
Posted: Oct 05, 2023
Coalition’s Executive Risks Insurance Now Available On Surplus Lines Paper Coalition announced its executive risks insurance products are now available on surplus lines paper, making comprehensive management liability coverage available to a wi...
Posted: Oct 05, 2023
A new paper by the American Property Casualty Insurance Association (APCIA) finds that the insurance industry is responding to the needs of the transportation sector as the momentum for electric vehicles (EVs), plug-in hybrids (PHEVs) and other low-...
Posted: Oct 05, 2023
Sam Bankman-Fried’s lawyer laid out his defense case at his fraud trial on Oct. 4, portraying the 31-former billionaire as a “math nerd” who overlooked risk management in building his FTX exchange, but did not steal customer money....
Posted: Oct 05, 2023