Insurance Journal
McClenny Moseley & Associates, the embattled law firm that filed thousands of hurricane-damage lawsuits in Louisiana, raised a total of $40 million from private investors, one of its founding partners said during a court hearing on Tuesday. Zacha...
Posted: Aug 11, 2023
Tampa-based Heritage Insurance Holdings reported a $7.8 million profit for the second quarter of this year, along with an improved combined ratio, thanks in part to higher premiums and reduced exposure in Florida. The black ink is a marked improvemen...
Posted: Aug 11, 2023
Tampa-based Heritage Insurance Holdings reported a $7.8 million profit for the second quarter of this year, along with an improved combined ratio, thanks in part to higher premiums and reduced exposure in Florida. The black ink is a marked improvemen...
Posted: Aug 11, 2023
You don’t hear a lot about insurtechs and cannabis, but one firm aims to change that paradigm. SquareRisk principals say they aim to transform the wholesale distribution model for specialty insurance, building partnerships with more than 15 spe...
Posted: Aug 11, 2023
A Utah school district has agreed to pay $2 million to the family of a Black, autistic 10-year-old girl who killed herself after being harassed by her classmates. The lawsuit said that Izzy, the only Black student in her class, …
Posted: Aug 11, 2023
A federal judge has dismissed a shareholder lawsuit accusing JPMorgan Chase Chief Executive Jamie Dimon and his board of directors of ignoring red flags surrounding disgraced former client Jeffrey Epstein. In a Wednesday evening decision, U.S. Distri...
Posted: Aug 10, 2023
AccuWeather’s preliminarily estimate of the total damage and economic loss from the wildfires burning in Hawaii is from $8 billion to 10 billion. The worst of the fires hit the Island of Maui, with the Lahaina area especially hard hit. …
Posted: Aug 10, 2023
AccuWeather’s preliminarily estimate of the total damage and economic loss from the wildfires burning in Hawaii is from $8 billion to 10 billion. The worst of the fires hit the Island of Maui, with the Lahaina area especially hard hit. …
Posted: Aug 10, 2023
This post is part of a series sponsored by Insurance Quantified. Recently, while catching up with a longtime insurance executive, I asked him about the highlights of his career. This person had traveled the world to meet innovative clients in …
Posted: Aug 10, 2023
Assurex Global President and CEO Hildebrandt Elected to Western National Mutual Insurance Company’s Board of Directors Dean Hildebrandt, president and CEO of Assurex Global, headquartered in Columbus, Ohio, was elected to join the board of dire...
Posted: Aug 10, 2023
Cameron Mutual Insurance Company and its wholly owned subsidiary, Cameron National Insurance Company, were placed into rehabilitation this week by the Circuit Court of Cole County, Missouri. Missouri Department of Commerce and Insurance (DCI) Directo...
Posted: Aug 10, 2023
Even the smartest institutions in the land can miss deadlines – and can lose $15 million in insurance coverage because of it, a fedeal appeals court decided Wednesday. The U.S. 1st Circuit Court of Appeals upheld a lower court ruling …
Posted: Aug 10, 2023
Three former attorneys for the McClenny Moseley & Associates are urging a judge to lift a nine-month suspension that bars them from practicing in the federal Western District of Louisiana and pin blame for the law firm’s ethical issues on &...
Posted: Aug 10, 2023
CEDAR PARK, Texas (AP) __ A fire with flames shooting up to 60 feet (18 meters) in the air damaged an apartment complex and condominiums near Austin, Texas, and forced hundreds of residents from their homes but caused no major …
Posted: Aug 10, 2023
OKLAHOMA CITY (AP) – Attorneys seeking reparations for three living survivors of the 1921 Tulsa Race Massacre filed an appeal in the case with the Oklahoma Supreme Court and said a district court judge erred in dismissing the case last …
Posted: Aug 10, 2023
Hedge Fund Manager Daniel S. Loeb has agreed he will not make further attempts to take SiriusPoint private for two more years. SiriusPoint and Loeb, who has about a 9.5% shareholding in the Bermuda-based specialty insurer and reinsurer, have entered...
Posted: Aug 10, 2023
Liberty Mutual Holding Co. reported a second-quarter net loss of $585 million, driven by catastrophe losses of about $2.27 billion. Tim Sweeney, president and CEO, said weather losses were primarily from widespread wind and hail events in Texas, Okla...
Posted: Aug 10, 2023
Is your agency a Best Place to Work? Then it’s time to nominate your agency as a “Best Agency to Work For.” To nominate your agency, you must be a current employee of the agency you are nominating. A MINIMUM …
Posted: Aug 10, 2023
Is your agency a Best Place to Work? Then it’s time to nominate your agency as a “Best Agency to Work For.” To nominate your agency, you must be a current employee of the agency you are nominating. A MINIMUM …
Posted: Aug 10, 2023
DUAL North America appointed of Peter Gosselink as executive vice president of its fine art program. Gosselink trained as a marine underwriter specializing in fine arts and collections before becoming versed in insuring various artwork and collectibl...
Posted: Aug 10, 2023
Thousands of Hawaii residents raced to escape homes on Maui as blazes swept across the island, destroying parts of a centuries-old town and killing at least 36 people. The fire left behind burned-out cars on once busy streets and smoking …
Posted: Aug 10, 2023
Thousands of Hawaii residents raced to escape homes on Maui as blazes swept across the island, destroying parts of a centuries-old town and killing at least 36 people. The fire left behind burned-out cars on once busy streets and smoking …
Posted: Aug 10, 2023
Allianz SE, the German owner of bond giant Pacific Investment Management Co., said its second-quarter profit jumped from a year earlier as stronger earnings from its insurance business offset weaknesses in its asset management units. Group operating...
Posted: Aug 10, 2023
Surplus lines premium reached nearly $36 billion through the first six months of 2023, according to the 2023 Midyear Report of the U.S. Surplus Lines Service and Stamping Offices. Premium increased about 16% overall compared to results reported throu...
Posted: Aug 10, 2023
Tennessee Gov. Bill Lee on Tuesday unveiled a sweeping list of public safety issues he wants lawmakers to address during an upcoming special session prompted by a shocking Nashville school shooting earlier this year that resulted in the deaths of ...
Posted: Aug 10, 2023