Insurance Journal
Powers Insurance & Risk Management Hires Favazza as Commercial Lines Risk Management Advisor Powers Insurance & Risk Management, headquartered in St. Louis, Mo., hired Giovanni “Johnny” Favazza as commercial lines risk management...
Posted: Jul 13, 2023
The Arkansas Insurance Hall of Fame has announced the 2023 class of inductees. Six new inductees will be honored at the 2023 Induction Banquet on Thursday, Oct. 19, 2023 at the Health, Physical Education & Recreation (HPER) Center on the …
Posted: Jul 13, 2023
Second quarter net income at Progressive Corp. was $345.4 million, reversing a loss of nearly $543 million during the same quarter in 2022, as net income in June was about $41 million compared to a loss of nearly $437 million …
Posted: Jul 13, 2023
A federal appellate court, grappling with conflicting decisions from federal courts, is asking the Texas Supreme Court to decide whether attorney fees can be awarded to claimants when insurers pay appraisal awards plus interest owed because of the la...
Posted: Jul 13, 2023
Alex Mashinsky, the founder and former CEO of bankrupt cryptocurrency lender Celsius Network, was arrested and charged with fraud, a U.S. prosecutor in New York said Thursday, while three federal regulatory agencies sued him and his company. Mashinsk...
Posted: Jul 13, 2023
HIGHLAND, Ill. (AP) __ Three people were killed and 14 others injured, some seriously, early Wednesday when a Greyhound bus crashed into three tractor- trailers parked along a highway exit to a rest area in southern Illinois, state police said. ̷...
Posted: Jul 13, 2023
The Miami-Dade County building inspection department is warning about imitation window screws that have failed to pass crucial tests and may not meet the county’s famously rigorous wind-load requirements. The Miami Herald reported Thursday that...
Posted: Jul 13, 2023
Axis Capital Holdings Limited said Frank Romeo will lead the company’s entry into the US marine cargo insurance market. Romeo is responsible for building the program and identifying growth opportunities, with a targeted product launch in the se...
Posted: Jul 13, 2023
Axis Capital Holdings Limited said Frank Romeo will lead the company’s entry into the US marine cargo insurance market. Romeo is responsible for building the program and identifying growth opportunities, with a targeted product launch in the se...
Posted: Jul 13, 2023
Arthur J. Gallagher & Co. acquired Carlsbad, California-based Benchmark Commercial Insurance Services. Robert Cohen and his team will remain in their current location under the direction of Scott Firestone, head of Gallagher’s Southwest reg...
Posted: Jul 13, 2023
Florida regulators are reminding carriers that the deadline to participate in the November round of takeouts from Citizens Property Insurance Corp. is fast approaching. Carriers must submit an application by July 28, the Florida Office of Insurance R...
Posted: Jul 13, 2023
Nearly two dozen companies owned by West Virginia Gov. Jim Justice have agreed to catch up on fines owed to the U.S. government from a 2020 settlement over unsafe working conditions at his coal mines, according to a federal court …
Posted: Jul 13, 2023
Legislation that would legalize marijuana use for medicinal purposes in North Carolina is probably dead for the rest of this year`s General Assembly session, House Speaker Tim Moore said Tuesday, citing opposition by many fellow Republicans in his ch...
Posted: Jul 13, 2023
Insurance broker World Insurance Associates said it acquired the business of Shield Insurance Services of Freehold, New Jersey on June 1, 2023. Shield specializes in commercial insurance to the transportation sector, with a particular focus in the mo...
Posted: Jul 13, 2023
Penske Truck Leasing Co. will pay up to a $3.5 million civil penalty for alleged fraudulent safety and emissions inspections on fleet trucks and trucks it rented for commercial use. According to Massachusetts Attorney General Andrea Joy Campbell, the...
Posted: Jul 13, 2023
Penske Truck Leasing Co. will pay up to a $3.5 million civil penalty for alleged fraudulent safety and emissions inspections on fleet trucks and trucks it rented for commercial use. According to Massachusetts Attorney General Andrea Joy Campbell, the...
Posted: Jul 13, 2023
Floodwaters receded in Vermont cities and towns pummeled by a storm that delivered two months of rain in two days, allowing officials to focus on recovering from a disaster that trapped residents in homes, closed roadways and choked streets and ̷...
Posted: Jul 13, 2023
WOODBRIDGE, NJ, July 13, 2023 — NIP Group, a leading specialty insurance provider, is excited to announce the relaunch and expansion of its renowned TreePro® program. With the inclusion of small and very large Workers Compensation programs, as well a...
Posted: Jul 13, 2023
This edition of International People Moves details appointments at Canopius and AXIS Capital Holdings. A summary of these new hires follows here. Canopius Taps Former AXA XL Exec Cooper as Head of Reinsurance & Bermuda CEO Canopius Group, a leadi...
Posted: Jul 13, 2023
Mining giants BHP Group and Vale faced off in a London court on Wednesday over who should accept legal and financial responsibility in a potential 36 billion pound ($47 billion) lawsuit stemming from Brazil’s worst environmental disaster. Aroun...
Posted: Jul 13, 2023
Barclays on Wednesday won a UK Supreme Court appeal that turned on the extent of banks’ duties to protect customers from fraudsters, in a closely watched decision lawyers say could stem a flood of litigation. Fiona Philipp, a music teacher R...
Posted: Jul 13, 2023
Japan’s Supreme Court ruled Tuesday that restrictions imposed by a government ministry on a transgender female employee’s use of restrooms at her workplace are illegal, in a landmark decision that could promote the rights of LGBTQ+ people...
Posted: Jul 13, 2023
Russia’s flagship Urals crude oil breached a price cap set by the Group of Seven, a blow to western sanctions efforts and arguably an economic win for Moscow. According to price reporting agency Argus Media, Urals crude topped $60 a …
Posted: Jul 13, 2023
There are several must-have elements that go into creating a strong, easy-to-use insurance agency website that communicates your brand’s identity and value. Your insurance agency’s website serves as the public “face” of your b...
Posted: Jul 13, 2023
Twitter Inc on Wednesday was hit with a lawsuit accusing it of refusing to pay at least $500 million in promised severance to thousands of employees who were laid off after Elon Musk acquired the company. Courtney McMillian, who oversaw …
Posted: Jul 13, 2023