Insurance Journal
JM Wilson Promotes Bolhuis to Assistant Property & Casualty Manager JM Wilson has promoted Kristin Bolhuis to assistant property & casualty manager in their Portage, Michigan office. Bolhuis’ responsibilities include assisting the direc...
Posted: Sep 07, 2023
Hooters of Louisiana, LLC and associated companies (“Hooters”) have agreed to pay former African American employees $650,000 to settle a race and retaliation lawsuit brought by the U.S. Equal Employment Opportunity Commission (EEOC), the...
Posted: Sep 07, 2023
ROSENBERG, Texas (AP) – A Texas police chief said Tuesday that wet roads and speed factored into the driver of an SUV plowing into a Denny`s restaurant outside Houston on Labor Day, injuring nearly two dozen people inside. No charges …
Posted: Sep 07, 2023
NEW ORLEANS (AP) – As industrial plants have overtaken historic Black communities and burdened neighborhoods with toxic air pollution, environmental advocates and residents of Louisiana’s chemical corridor have spent decades calling for change....
Posted: Sep 07, 2023
Higginbotham has acquired Community Insurance Group, its first acquisition in Ohio. With this transaction, Higginbotham now has a presence in 16 states across the country. For over a quarter century, Community Insurance Group has cared for clients in...
Posted: Sep 07, 2023
Rikers Island in the Bronx, New York, made the list due to its extreme vulnerability to flooding. Lincoln, Wyoming, was selected because of its high avalanche risk. And the danger of both earthquakes and drought propelled part of Alameda, California,...
Posted: Sep 07, 2023
The American Property Casualty Insurance Association (APCIA) and the Reinsurance Association of American together presented testimony in Washington today on the state of of the property insurance market. The presentation, “Perspectives on Chall...
Posted: Sep 07, 2023
Kentucky’s insurance commissioner is reminding public adjusters that they are not authorized to get paid up front, before a contract with a homeowner is signed, unless approved by the commissioner. And fees are limited to 15% of insurance award...
Posted: Sep 07, 2023
After a visit to a warehouse where Hawaiian Electric Company is housing power poles and electrical equipment that may be key to the investigation of last month`s devastating fires on Maui, lawyers for Lahaina residents and business owners told a R...
Posted: Sep 07, 2023
Florida-based Bayview Asset Management LLC is launching an insurance asset management arm that will seek to expand the range of investable assets available to insurers, according to a statement from the company. The new business will take in money fr...
Posted: Sep 07, 2023
Governor Phil Murphy has nominated Justin Zimmerman as commissioner of the New Jersey Department of Banking and Insurance. Zimmerman, who has been with the state agency since 2018, currently serves as acting commissioner and will continue to serve in...
Posted: Sep 07, 2023
Former NFL wide receiver Mike Williams was reported to be on life support at a Tampa hospital Thursday after a construction accident. Multiple news outlets reported that Williams, who played for the Tampa Bay Buccaneers and the Buffalo Bills, was ...
Posted: Sep 07, 2023
Koninklijke Philips NA officials have agreed to pay at least $479 million to resolve part of a sprawling litigation tied to a 2021 US recall of millions of machines designed to treat sleep apnea, according to people familiar with the …
Posted: Sep 07, 2023
Everest Insurance® Division Names Higham Head of Everest Underwriting Partners Everest Group, Ltd. appointed Charlie Higham as senior vice president and head of Everest Underwriting Partners. He succeeds Brian Drum, who retired from Everest on Sept....
Posted: Sep 07, 2023
The Delaware Supreme Court has broken with its own precedent to rule that a workers’ compensation insurance carrier may assert a lien against benefits an injured employee recovers from other sources. The particular issue before the court was wh...
Posted: Sep 07, 2023
CelsiusPro AG, the Zurich-based parametric insurance managing general agent, announced the acquisition of Global Parametrics Holding Co. Ltd. CelsiusPro said the deal will strengthen its global capabilities to offer parametric risk transfer solutions...
Posted: Sep 07, 2023
Growing fears about the state of the world are pushing more people to take out insurance even as prices rise, Lloyd’s of London Chief Executive Officer John Neal said. Rising inflation, recession worries, climate threats and geopolitical tensio...
Posted: Sep 07, 2023
ACORD, the standards-setting body for the global insurance industry, announced the publication of the ACORD GRLC Contract, Risk, and Pre-Accounting (CRP) Implementation Toolkit, a new data messaging standard to facilitate the efficient exchange of in...
Posted: Sep 07, 2023
The recently disclosed Chinese hack of senior officials at the U.S. State and Commerce departments stemmed from the compromise of a Microsoft engineer’s corporate account, Microsoft Corp. said in a blog post on Wednesday. Microsoft said the eng...
Posted: Sep 07, 2023
The City of London called in a report on Thursday for a new council which would allow Britain’s financial sector to drive through “big moves” needed to boost the economy by 225 billion pounds ($281 billion) by 2030 and beyond. ̷...
Posted: Sep 07, 2023
A new study has revealed that autonomous-vehicle technology reduced bodily injury claims frequency by 100% and property damage claims frequency by 76%. Global reinsurer Swiss Re and automated driving company Waymo partnered on the study. The two comp...
Posted: Sep 07, 2023
Public adjusters cannot double as appraisers in claims disputes if their total fees exceed the statutory cap, a Florida appeals court decided Wednesday in what may be seen as another win in property insurers’ long battle against public adjuster...
Posted: Sep 07, 2023
The Nevada Division of Insurance announced it recovered over $6.1 million in Fiscal Year 2023. The Division’s Consumer Services and Enforcement teams investigate thousands of consumer complaints each year, as well as help settle claim disputes...
Posted: Sep 07, 2023
A bronze bust believed to depict the daughter of an ancient Roman emperor has been seized from an art museum in Massachusetts by New York authorities investigating antiquities stolen from Turkey. The seizure is the latest in an ongoing investigation...
Posted: Sep 07, 2023
The SAIF board of directors declared a $135 million dividend for its policyholders, marking the 14th straight year SAIF has been able to offer a dividend. SAIF is a not-for-profit with a goal of making workers’ compensation coverage more availa...
Posted: Sep 07, 2023