Insurance Journal

Florida Legislature Sends Windshield Repair Bill to Governor, Ending AOBs

The Florida House of Representatives on Tuesday overwhelmingly approved a bill that would prohibit assignments of benefits for windshield repairs, sending it to the governor for his signature. Senate Bill 1002, passed by a vote of 103 to 16, also &#8...

Posted: May 03, 2023

Widow Bound by Exclusive Remedy in Band-Saw Fatality, NC Court Finds

A longtime worker at a North Carolina furniture products company, described as a model employee, died in 2020 under somewhat mysterious circumstances. Co-workers described hearing a “strange noise” as Rodney Baker was cleaning around a ru...

Posted: May 03, 2023

Paltrow Won’t Recoup Attorney Fees in Utah Ski Crash Suit

Gwyneth Paltrow will not recoup the attorneys’ fees she paid to successfully defend herself against a lawsuit from a 76-year-old retired optometrist who claimed she was at fault for crashing into him at a posh Utah ski resort in 2016. …

Posted: May 03, 2023

Nevada Bill to Aid Minority Owners of Sinking Homes Advances

A measure to put up $30 million in state and city funds won initial backing from Nevada state lawmakers to help homeowners move from a once-segregated North Las Vegas neighborhood where geologic features made homes crack, sink and sometimes become &#...

Posted: May 03, 2023

Trial Begins for Limousine Firm Operator Over New York Crash That Killed 20 in 2018

Nearly five years after a stretch limousine packed with birthday revelers careened down a hill and off a road in rural upstate New York, killing 20 people, the operator of the company that rented out the vehicle is going on …

Posted: May 03, 2023

Singer-Songwriter Ed Sheeran: Other Artists Are Cheering on Copyright Fight

Ed Sheeran said Monday he’s getting encouragement during his copyright trial from other performers who also worry that they’ll be sued as he battles claims that he stole material from Marvin Gaye’s “Let’s Get It On&#8221...

Posted: May 03, 2023

New Jersey Man Pleads Not Guilty to Multistate Car Theft and Resale Scheme

A former Bergen County, New Jersey man has been charged with running a large, multistate car theft and fraud ring. U.S. Attorney Philip R. Sellinger reported that Warren Guerrier, formerly of Hackensack, New Jersey, pleaded not guilty, to charges of...

Posted: May 03, 2023

People Moves: AAdvantage Insurance Group Hires Bilyeu as Business Development Specialist

AAdvantage Insurance Group Hires Bilyeu as Business Development Specialist AAdvantage Insurance Group recently hired Zac Bilyeu as a business development specialist. Bilyeu will focus on commercial sales, recruiting, and training, as well as generati...

Posted: May 02, 2023

Texas Mutual Approves $340M Dividend Distribution

Texas Mutual Insurance Company, the state’s leading provider of workers’ compensation insurance, announced today that its board of directors voted unanimously to approve a $340 million dividend distribution in 2023. Dividends will be dist...

Posted: May 02, 2023

People Moves: BHSI Promotes 2 Regional Leaders for Europe, Middle East; Lockton Re Taps Guy Carpente...

This edition of International People Moves details appointments at Berkshire Hathaway Specialty Insurance (BHSI) and Lockton Re. A summary of these new hires follows here. BHSI Promotes 2 Regional Leaders for Europe, Middle East Berkshire Hathaway Sp...

Posted: May 02, 2023

150 Years Later, Dixon, Illinois Bridge Collapse Among Nation’s Worst

DIXON, Ill. (AP) – Gertie Wadsworth was in the arms of her grandmother that bright day when sunshine dissolved distasteful memories of a long, brutal winter. Christan Goble held the 3 1/2-year-old girl in a crowd of more than 200 …

Posted: May 02, 2023

accūrō Solutions acquires Iowa’s Splashlight Solutions

Laccūrō Solutions, which manages medical bill review and payment processes for payers in the property and casualty industry, has acquired Splashlight Solutions, a national workers’ compensation bill review service provider based in West Des Moi...

Posted: May 02, 2023

People Moves: MGA DUAL North America Appoints 3 Industry Veterans for Leadership Roles; AXA XL Insur...

MGA DUAL North America Appoints 3 Industry Veterans for Leadership Roles DUAL North America Inc., a subsidiary of Howden Group, has appointed three industry veterans to leadership and key underwriting roles through promotion and new hires. Jim Jinhon...

Posted: May 02, 2023

New Jersey Appeals Court Affirms War Exclusion Does Not Apply to Cyber Attack

The appellate division of New Jersey Superior Court Appellate has upheld a state trial court opinion that the war exclusion in drugmaker Merck & Co.’s all-risk property insurance policies does not apply in the case of the cyber attack that...

Posted: May 02, 2023

Lawmakers from Western States Want More Done to Confront Wildfire Crisis

Lawmakers from several western states want the U.S. Forest Service to do more to address a wildfire crisis that they say will surely destroy more landscapes, communities and livelihoods as long-term drought persists around the West. They grilled Fore...

Posted: May 02, 2023

Hub Acquires The Wooditch Company in California

Hub International Ltd. acquired the assets of The Wooditch Company Insurance Services Inc. in Irvine, California. The Wooditch Company team will join Hub LAOC. The Wooditch Company is a privately held commercial insurance, risk management and employe...

Posted: May 02, 2023

Leavitt Group Expands with Another North Carolina Agency Acquisition

Leavitt Elite Insurance Advisors, part of the multi-state Leavitt Group, has merged with another North Carolina agency. Simmons Insurance Agency, with offices in Pilot Mountain and Mount Airy, was founded in 1973 and has been managed by Pam Morgan si...

Posted: May 02, 2023

BMS Group Acquires Australian MGA GARD Insurance

BMS Group, the London-based independent specialist re/insurance broker, has acquired the Australian managing general agent GARD Insurance Pty Ltd., which includes ALE underwriting. The terms of the transaction have not been disclosed. GARD was founde...

Posted: May 02, 2023

Markets/Coverages: RSA Insurance Launches Superyacht Practice, Led by Chubb’s Grew

RSA Insurance announced it is launching a Superyacht practice, providing comprehensive cover for the larger end of the market, which is traditionally professionally skippered and crewed. The practice will be led by Emily Grew, who will join as a seni...

Posted: May 02, 2023

Natural Gas Pipeline Restored After Lightning-Sparked Inferno in Mississippi

Natural gas is flowing again in a Mississippi pipeline after a towering blaze Friday that officials believe was caused by a lightning strike. The pipeline’s owner, TC Energy Corp. of Calgary, Alberta, said Saturday that it had “completed...

Posted: May 02, 2023

Recovery Continues After Tornado Hits Palm Beach Gardens

A tornado touched down in Palm Beach Gardens, Florida, on Saturday as a powerful storm system brought intense rain and powerful winds to the state, overturning cars, damaging homes and snapping tree branches. The National Weather Service in Miami sai...

Posted: May 02, 2023

Markets/Coverages: WTW Launches End-to-End Trading Platform to Connect Broker, Insurer Systems

WTW, the global advisory, broking and solutions company, announced the global launch of Neuron, a sophisticated digital insurance platform. Neuron uses cutting-edge technology to help underwriters and brokers connect and trade more easily, improving...

Posted: May 02, 2023

Burning Oil Tanker Off Malaysian Rings Alarm Bells About Shadow Fleet

Three crew members are missing from a Gabon-registered tanker that caught fire on Monday in the South China Sea, a Malaysian maritime enforcement agency official said on Tuesday. The Pablo, an Aframax-class crude oil tanker whose insurers are unknown...

Posted: May 02, 2023

Burning Oil Tanker off Malaysia Rings Alarm Bells About Shadow Fleet

Three crew members are missing from a Gabon-registered tanker that caught fire on Monday in the South China Sea, a Malaysian maritime enforcement agency official said on Tuesday. The Pablo, an Aframax-class crude oil tanker whose insurers are unknown...

Posted: May 02, 2023

Louisiana Parish Sues FEMA Over Flood Rate Information

A Louisiana parish is suing FEMA for withholding flood insurance rating methodology, alleging the agency has denied residents from viewing data used to set rates under the National Flood Insurance Program’s Risk Rating 2.0. St. Charles Parish f...

Posted: May 02, 2023