Insurance Journal
Everyone in the insurance industry knows that 2023 has become one of the hardest markets in decades, across the board. In a panel discussion — No One Said it Would be Easy. Navigating the Current Hard Market — held recently …
Posted: Sep 03, 2023
As the longest hard market in memory refuses to fade, standard property/casualty carriers are not only continuing to raise prices but also reimagining their books by shedding risks they no longer want. It’s affecting large and small commercial...
Posted: Sep 03, 2023
The continuing trend of more personal lines business making its way into the E&S market is surprising, says John Jennings, CEO and one of the founding members of Jencap Group. “I think that is probably the biggest surprise over the …
Posted: Sep 03, 2023
Cyber threats are more pervasive than ever and growing. Check Point Software’s Cyber Attack Trends: 2022 Mid-Year Report noted that cyberattacks intensified by 42% in the first half of 2022. Cybercrimes in the United States alone were responsib...
Posted: Sep 03, 2023
The insurance industry is built on trust and relationships — and generating business often means building confidence and establishing expertise with your audience. One highly effective method of building trust is through the use of “socia...
Posted: Sep 03, 2023
Professional liability and property insurance are top of mind for senior living operators, who are experiencing a challenging market driven by high staff turnover, inflation and heighted operating costs. The cost of labor and staffing shortages are t...
Posted: Sep 03, 2023
The U.S. property/casualty insurance market is experiencing the hardest insurance market cycle in a generation, resulting in many insurance agents and brokers, as well as drivers, homeowners and business owners needing to adjust to current market con...
Posted: Sep 03, 2023
Norfolk Southern made improvements after one of its trains derailed, caught fire and spilled toxic chemicals near an Ohio town, but the company is nowhere near the “gold standard for safety” it is striving to be, according to federal regu...
Posted: Sep 03, 2023
An alleged “family and friend” organized auto insurance fraud ring in California was broken up by the Urban Automobile Insurance Fraud Task Force when seven people were arrested on Wednesday in connection to the case. In total, 23 individ...
Posted: Sep 03, 2023
Caro Joins Alliant Insurance Services as VP John Caro has joined Alliant Insurance Services as vice president in its Alliant Americas division. Caro is based in Lafayette, La. Alliant is headquartered in Irvine, Calif. Caro has over 30 years of ̷...
Posted: Sep 01, 2023
Kleinhenz Retires, Wells is Promoted at Celina Insurance Group Mike Kleinhenz is retiring as senior vice president, chief financial officer and treasurer at Celina Insurance Group. Celina is headquartered in Celina, Ohio. Kleinhenz’s career at...
Posted: Sep 01, 2023
The Louisiana Department of Insurance (LDI) has opened the second round of the Insure Louisiana Incentive Program, which is designed to offer grants to insurers that write new policies in the state. The application period began Sept. 1 and goes ̷...
Posted: Sep 01, 2023
VeinTwain Herron, a Texas commercial real estate specialist, will open Brightway, The Herron Family Agency in Cedar Park this month. The agency offers customized Home, Flood, Auto, Boat, Condo, Renters, Personal Articles, RV, Motorcycle, Umbrella, Co...
Posted: Sep 01, 2023
Eden Foods, Inc, a natural foods company based in Clinton, Michigan, will pay more than $182,500 to settle a sex discrimination lawsuit filed by the U.S. Equal Employment Opportunity Commission (EEOC) to obtain relief for former employees. According...
Posted: Sep 01, 2023
One of the reporters who works at the small Kansas newspaper that was raided by authorities earlier this month filed a federal lawsuit against the police chief Wednesday. Deb Gruver believes Marion Police Chief Gideon Cody violated her constitutional...
Posted: Sep 01, 2023
NORTH SIOUX CITY, S.D. (AP) – No injuries or hazardous spills have been reported in a train derailment in a southeastern South Dakota town that also saw a rail bridge partially collapse. The derailment happened shortly before 4 p.m. Wednesday …
Posted: Sep 01, 2023
Last year it was Hurricane Ian that drew a bead on Tampa Bay before abruptly shifting east to strike southwest Florida more than 130 miles away. This time it was Hurricane Idalia, which caused some serious flooding as it sideswiped …
Posted: Sep 01, 2023
ABBEVILLE, Ga. (AP) — A central Georgia sheriff responding to a call for service was killed when his car went off the road, hit a tree and overturned, authorities said. Wilcox County Sheriff Robert Rodgers died Tuesday afternoon after the ̷...
Posted: Sep 01, 2023
The world’s corporations produce so much climate change pollution, it could eat up about 44% of their profits if they had to pay damages for it, according to a study by economists of nearly 15,000 public companies. The “corporate carbon &...
Posted: Sep 01, 2023
The U.S. Department of Agriculture announced a new grapevine insurance program within its crop insurance solutions. The program will provide coverage for loss of grafted vines caused by natural perils such as freeze, fire, hail and flood. The program...
Posted: Sep 01, 2023
Hurricane Idalia, with estimates of insured losses as low as $2 billion, will nonetheless affect underwriting results for a number of carriers, the AM Best financial rating firm said in a report released Friday. “Hurricane Idalia will most like...
Posted: Sep 01, 2023
Charles Symington is the new president and chief executive of the Independent Insurance Agents & Brokers of America (the Big I), effective Sept. 1. Last September, Symington was promoted to executive vice president and selected to succeed Bob Rus...
Posted: Sep 01, 2023
Charles Symington is the new president and chief executive of the Independent Insurance Agents & Brokers of America (the Big I), effective Sept. 1. Last September, Symington was promoted to executive vice president and selected to succeed Bob Rus...
Posted: Sep 01, 2023
European aviation regulators have determined that an obscure London-based company supplied bogus parts for repairs of jet engines that power many older-generation Airbus SE A320 and Boeing Co. 737 planes. Manufacturing partners General Electric Co. a...
Posted: Sep 01, 2023
Greaves Joins Fred C. Church Insurance Commercial Lines Fred C. Church Insurance, headquartered in Lowell, Mass., hired Damual Greaves to its education team as a client executive. Greaves joins Fred C. Church after serving in various risk management...
Posted: Sep 01, 2023