Insurance Journal
Verisk Promotes Barr and Brunko to Lead Claims Businesses Verisk has made leadership promotions in its claims solution group. Carrie Barr has been named president of casualty solutions. Barr joined Jersey City, New Jersey-based Verisk as an account e...
Posted: Apr 17, 2023
The owners of a Fort Myers roofing company, one that has been the subject of a number of complaints from consumers and which has filed multiple assignment-of-benefits lawsuits against property insurers, have pleaded guilty to more than $1 million in...
Posted: Apr 17, 2023
The owners of a Fort Myers roofing company, one that has been the subject of a number of complaints from consumers and which has filed multiple assignment-of-benefits lawsuits against property insurers, have pleaded guilty to more than $1 million in...
Posted: Apr 17, 2023
Oakbridge Insurance Agency, a large independent agency and brokerage with offices around the country, has expanded its presence into Florida with the addition of Hunnicutt Insurance agency in Fort Walton Beach. Hunnicutt has been in business since 19...
Posted: Apr 17, 2023
A train carrying hazardous materials has derailed and caught fire in Rockwood, Maine, fire officials said. Rockwood Fire and Rescue posted a photo of the derailment Saturday on its Facebook page and advised residents ”to stay clear!” It w...
Posted: Apr 17, 2023
There are no known threats to this year’s Boston Marathon, but on the 10-year anniversary of the terrorist attack that killed three spectators, federal, state and city law enforcement leaders said Thursday that they are prepared for anything. &...
Posted: Apr 17, 2023
During my time playing wide receiver at the University of Northern Colorado, I learned firsthand there are a lot of advantages to being on offense. Being on offense is proactive. It means you know where the ball is going before …
Posted: Apr 16, 2023
Key financial results for private U.S. property/casualty insurers significantly worsened in 2022 from a year earlier, according to preliminary results from global analytics provider Verisk and the American Property Casualty Insurance Association (APC...
Posted: Apr 16, 2023
Like so many teenagers, they didn’t know much about insurance. When Gabby Banks, Henry Cram, Taylor Trafton, Filmon Futsum and Casey Alexander set foot on their respective college campuses, underwriting and claims were another language. But pro...
Posted: Apr 16, 2023
Workers’ compensation is getting the job done. Premiums are decreasing, claims are stable and retention is high. But even good news can present its own set of challenges, Burns & Wilcox indicated in its webinar, Navigating a Soft Workers...
Posted: Apr 16, 2023
This issue of Insurance Journal features exclusive results from the 2023 Young Agents Survey where young agents nationwide shared their views on the insurance industry and their experiences as agents. (See page 32 for the full report.) Optimism overa...
Posted: Apr 16, 2023
More than 18 months after he pleaded guilty to absconding with almost $5 million in premiums, a Florida insurance agent has been sentenced to 14 years in prison. John M. Thomas, 52, the former owner of Thomas Insurance agency in …
Posted: Apr 16, 2023
The company responsible for maintaining a Texas interstate where 130 vehicles crashed in icy conditions two years ago, killing six and injuring dozens, failed to address the deteriorating road conditions, federal officials said. That portion of Inter...
Posted: Apr 16, 2023
The vast majority of commercial property, i.e., assets, are no longer physical. The majority of commercial assets are intangible. In fact, the overwhelming majority of assets owned by insurance agencies are intangible. They consist of those things ca...
Posted: Apr 16, 2023
By Jim Sams The Bonnet Carre Spillway diverts Mississippi River flood flows away from New Orleans into Lake Pontchartrain, Louisiana which connects to the Mississippi Channel and eventually the Gulf of Mexico. The spillway has been opened only 15 tim...
Posted: Apr 16, 2023
Minnesota Attorney General Keith Ellison personally opened his state’s case against Juul Labs, accusing the e-cigarette maker of using “slick products, clever ads and attractive flavors” to hook children on nicotine as the first of...
Posted: Apr 16, 2023
Geico General Insurance Co. must face a class action suit alleging it has been underpaying benefits to its insureds injured in automobile accidents. U.S. District Court Judge Dora L. Irizarry in federal court in Eastern New York certified the class &...
Posted: Apr 16, 2023
Generative AI is the next big technology trend in just about every industry. But for such a people-centric industry, how will ChatGPT, DALL-E 2 and Bing AI truly impact the insurance sector? Just ask ChatGPT, as some insurance pros have …
Posted: Apr 16, 2023
By Wendy Watson and Christopher Lewis When it comes to general insurance issues, cannabis-related businesses face the same general liability and property risks faced by other industries, like workplace accidents, damage to property, crop failure and...
Posted: Apr 16, 2023
By Don Neff What can insurance carriers expect in 2023 in terms of new codes and construction technologies in the wake of one of the most devastating natural disasters that the nation has ever experienced? Much stronger building and site …
Posted: Apr 16, 2023
A Cognizant report published last year, titled a pragmatist’s guide to the Metaverse, said if you ask three people what the Metaverse is, you’ll get three different answers. Insurance Journal recently tested that theory — and dissec...
Posted: Apr 16, 2023
Optimism among young agents took a hit, falling from 2022 to 2023, according to Insurance Journal’s annual Young Agents Survey. When it comes to their career choice and the future of the independent agency system, 53.9% of young agents respondi...
Posted: Apr 16, 2023
LUBBOCK — More than 18,000 cows died and one farm worker is in critical condition following a dairy farm fire in the Texas Panhandle. The fire started Monday night at South Fork Dairy Farm in Dimmitt, about 66 miles south …
Posted: Apr 14, 2023
RICHMOND, Ind. (AP) – An evacuation order was expected to remain in place through Wednesday around a large industrial fire in an Indiana city near the Ohio border where crews worked through the night to douse piles of burning plastics, …
Posted: Apr 14, 2023
NECEDAH, Wis. (AP) – A wildfire led to evacuations Wednesday in Juneau County, Wisconsin authorities said Wednesday. The fire began in Necedah, about 90 miles north of Madison, and had spread to roughly 100 acres, the Department of Natural Reso...
Posted: Apr 14, 2023