Insurance Journal

Louisiana Fortify Homes Program to Launch October 2

Homeowners insured by Louisiana Citizens will be able to apply for up to $10,000 to repair or replace their roofs in October when the Louisiana Fortify Homes Program (LFHP) opens its first round of grants. The Louisiana Department of Insurance &#8230...

Posted: Sep 14, 2023

Hawaii Health Officials Warn Volcanic Smog Has Returned During Latest Eruption

The latest eruption of a Hawaii volcano isn’t threatening any infrastructure but health officials are warning the public about air-quality hazards from volcanic smog known as vog. Kilauea, one of the most active volcanoes in the world, began er...

Posted: Sep 14, 2023

People Moves: Jacobson Joins Rockford Mutual as COO

Jacobson Joins Rockford Mutual as COO Robert Jacobson joined Rockford Mutual, headquartered in Rockford, Ill., as chief operating officer. Jacobson has over three decades of property and casualty insurance experience, having held senior as vice presi...

Posted: Sep 14, 2023

One80 Acquires Texas’ Enviant

One80 Intermediaries, a specialty insurance broker headquartered in Boston, announced that it has acquired the assets of Enviant from Euclid Program Managers. Marsh, Berry & Company was the exclusive financial advisor to Enviant and terms of the...

Posted: Sep 14, 2023

Delos in California Raises $7.3M in Seed Extension Round Led by IA Capital Group

Delos Insurance Solutions in California announced a $7.3 million seed extension round, enabling the managing general agent’s expansion in the California homeowners’ insurance market. The seed extension round was led by IA Capital Group. P...

Posted: Sep 14, 2023

People Moves: Big ‘I’ Installs McBride as New Chairman; Dagostino AXA XL’s Global Cyber CUO, Commerc...

Big ‘I’ Installs McBride as New Chairman for 2023-24 Term The Independent Insurance Agents & Brokers of America (the Big “I”) installed Michigan’s Mike McBride, president of Mason-McBride in Troy, as the 2023-2024 ch...

Posted: Sep 14, 2023

People Moves: Former CSAA CEO Troy Joins USAA; Big ‘I’ Installs McBride as New Chairman; Dagostino A...

Former CSAA CEO Troy Joins USAA USAA has selected former CSAA president and chief executive Tom Troy as its chief transformation officer. He will start Sept. 25 and report to CEO Wayne Peacock. This newly created position will lead USAA’s &#823...

Posted: Sep 14, 2023

Former NFL Receiver Dies Two Weeks After Florida Construction Accident

TAMPA, Fla. (AP) — Former NFL receiver Mike Williams, who was injured in a construction accident two weeks ago and later put on a ventilator, died Tuesday, his agent said. He was 36. Williams, who played for the Tampa Bay …

Posted: Sep 14, 2023

People Moves: AXA XL Promotes Lebas to Head of Mid-Market, APAC & Europe; AgriSompo Int’l Taps EMC R...

This edition of International People Moves details appointments at AXA XL and Sompo International’s AgriSompo. A summary of these new hires follows here. AXA XL Promotes Lebas to Head of Mid-Market, APAC & Europe AXA XL announced the appoin...

Posted: Sep 14, 2023

People Moves: Duble to Retire from Fred C. Church; Hanover Names Seibold, Barrett to Leadership; Mul...

Fred C. Church Makes Key Personnel Changes to Its Education Team Chris Duble, Fred C. Church chief executive officer and client executive, has announced his plans to retire at the end of 2024. Duble began his career in 1976 with …

Posted: Sep 14, 2023

Hurricane Lee to Push Unusual Cape Cod Bay Surge: Weather Watch

Hurricane Lee’s winds are dropping but its size continues to swell as it comes north toward New England and the Canadian Maritimes where the storm will bring coastal flooding and possible widespread power outages through the weekend. Lee’...

Posted: Sep 14, 2023

Markel Opens 3 Offices in Australia, Hires Morison From AXA XL as Managing Director

Markel, the insurance operation within Markel Group Inc., announced it is has hired an in-country leader for Australia and will open three new offices there in September 2023. These offices, in Sydney, Melbourne and Brisbane, will be led by Rory &#82...

Posted: Sep 14, 2023

Apple Says iPhone 12 Meets Radiation Rules, Disputes Findings From French Watchdog

Apple defended its iPhone 12 model on Wednesday after a French watchdog ordered a halt to its sales citing breaches of European Union radiation exposure limits. The French move raised the prospect of further bans in Europe. Germany’s network re...

Posted: Sep 14, 2023

Stranded Cruise Ship Shows Risks of More Traffic in Hard-to-Reach Arctic Waters

The grounding of a luxury cruise ship off the coast of Greenland on Monday highlighted the irony of touring the fast-warming Arctic on a vessel powered by fossil fuels, the main culprit in climate change. But the incident also underscores …

Posted: Sep 14, 2023

Missouri Jury Awards $745M in Lawsuit Over Fatal Accident Involving Use of Nitrous Oxide

CLAYTON, Mo. (AP) – A Missouri jury has awarded $745 million to the parents of a young woman killed on a sidewalk outside an urgent care center by a driver who huffed nitrous oxide canisters right before the accident. The …

Posted: Sep 14, 2023

Airlines Face Growing Number of Lawsuits Over Their Climate Claims

When Dutch airline KLM launched adverts urging customers to “fly responsibly” and think about the environmental impact before booking a flight, it said it was showing its commitment to a sustainable future. But the 2019 campaign sparked c...

Posted: Sep 14, 2023

Bank of England Tells UK to Hold Insurers to Account on Infrastructure Spending

The government should check that insurers are spending up to 100 billion pounds ($125 billion) on Britain’s economy after their capital rules were eased, Bank of England Deputy Governor Sam Woods said on Wednesday. Britain is rolling back capit...

Posted: Sep 14, 2023

Walmart Sued by EEOC Over Test That Screened Out Disabled Workers

The U.S. agency that enforces workplace discrimination laws said on Wednesday that it had sued Walmart Inc over allegations it fired hourly workers with disabilities who could not pass a computer-based test. The Equal Employment Opportunity Commissio...

Posted: Sep 14, 2023

APCIA: Commonsense Reforms Needed for ‘Dark Money’ Third-Party Litigation Lending

In support of recent efforts at the state and federal levels of government to curtail third-party litigation funding, the American Property Casualty Insurance Association has asked the House Committee on Oversight and Accountability to consider discl...

Posted: Sep 14, 2023

New Florida Immigration Law Could Worsen Property Insurance Costs

If Florida insureds and insurers haven’t been pummeled enough by rising costs in recent years, they could soon see another factor that could hit them in the pocketbook. Florida’s tough new immigration law that took effect July 1, requirin...

Posted: Sep 14, 2023

Art Dealer to Rich and Famous Faces Millions in Fraud Claims

A high-profile New York art adviser with outposts in Tribeca and London is accused of withholding millions of dollars worth of artwork and cash from her clients, leaving collectors and galleries to line up in a court case to recover …

Posted: Sep 14, 2023

People Moves: IOA Names New Western Division Team Members

Insurance Office of America (IOA) named three new members to its western division team based in Encino, Calif. Ricky Choi is a senior advisor and leader of IOA’s newly launched Korean practice. Choi has more than two decades of expertise &#8230...

Posted: Sep 14, 2023

Judge Dismisses Former Wilmington Police Officer’s Racial Discrimination Suit

A federal judge has dismissed a lawsuit filed by a former Wilmington police official who accused the police department of engaging in racial discrimination and improperly collecting and using data from seized cellphones, including her own. Judge Mark...

Posted: Sep 14, 2023

No Danger of Assessment: Florida Citizens Seeing Just 2,000 Claims from Idalia

Florida’s Citizens Property Insurance Corp. has so far seen just about 2,000 claims from Hurricane Idalia, well below the threshold that would exhaust the carrier’s personal lines surplus and trigger a surcharge on policyholders, official...

Posted: Sep 13, 2023

People Moves: De Nil Named Global Head of Zurich Resilience Solutions; Miller Taps Aon’s Castanier t...

This edition of International People Moves details appointments at the brokers Lockton and Miller. A summary of these new hires follows here. De Nil Named Global Head of Zurich Resilience Solutions Zurich Insurance Group has appointed Dirk De Nil, cu...

Posted: Sep 13, 2023