Insurance Journal

Fla. Unlicensed Roofing Contractor Charged After Soliciting Homeowners, Shirking Workers’ Comp

Florida authorities on Friday charged a man with unlicensed contracting, insurance fraud and failing to obtain workers’ compensation coverage on his workers, after he solicited Tampa-area homeowners for roof replacement work. John Sutton, doing...

Posted: Mar 27, 2023

Tornadoes Wipe Out Parts of Mississippi Towns, Leave 25 Dead

A powerful tornado tore through the Mississippi Delta on Friday night, killing at least 25 people, injuring dozens and causing widespread property damage. The weather system produced hail the size of golf balls and left entire blocks of towns virtual...

Posted: Mar 27, 2023

Pennsylvania School District Sues Norfolk Southern Over Ohio Train Derailment

A Pennsylvania school district serving students in two counties is suing the Norfolk Southern Railway over the railway’s February 3 toxic train derailment in nearby East Palestine, Ohio. The complaint filed by Blackhawk School District accuses...

Posted: Mar 27, 2023

People Moves: PCF in Utah Names Gray Vice President of Treasury

PCF Insurance Services in Lehi, Utah, named Brandon Gray to the newly created role of vice president of treasury. Gray leads investment strategies, treasury operations and financing activities and provides treasury-related acquisition due diligence a...

Posted: Mar 27, 2023

Fire Destroys 5 Beachfront Homes in Boston Suburb

SCITUATE, Mass. (AP) – A massive fire has destroyed five homes and damaged three others in a beachfront neighborhood in Scituate. The fire broke out Friday night near Minot Beach. No injuries have been reported. The American Red Cross of &#8230...

Posted: Mar 27, 2023

Eight Injured in Chocolate Factory Blast in Pennsylvania

WEST READING, Pa. (AP) – Firefighters battled a blaze in Pennsylvania Friday after an explosion at a chocolate factory injured eight people and sent a plume of black smoke into the air above West Reading. Berks County fire crews remained &#8230...

Posted: Mar 27, 2023

YouTube Videos of Intentional Collisions Led to Arrests of California Couple

A California couple was arrested on multiple felony counts of insurance fraud over allegedly staged collisions that were posted on YouTube. Christopher Phelps, 40, of Yucaipa, and his wife, Kimberly Phelps, 40, were arrested on multiple felony counts...

Posted: Mar 27, 2023

California May Punish Oil Companies for High Gas Prices

A first-in-the-nation bill to punish oil companies for profiting from price spikes at the pump breezed through the California Senate on Thursday at the urging of Democratic Gov. Gavin Newsom, the first major vote in an effort to pass the …

Posted: Mar 24, 2023

Environmental Groups Say Texas Isn’t Holding Polluters Accountable

More than 21,000 unexpected pollution releases by Texas companies have released over 400,000 tons of air pollution in Texas from 2016 to 2022, and companies in less than 1% of these cases have been forced by the Texas Commission on …

Posted: Mar 24, 2023

Wisconsin High Court: UI Insurer Can’t Deduct Money That Was Paid but Reimbursed

Wisconsin law allows insurers to deduct from their liability any amounts paid for the same injury by a worker’s compensation carrier, but does that include amounts that are paid and later reimbursed? Secura Supreme Insurance Co. argued that rep...

Posted: Mar 24, 2023

Corps of Engineers Appeals Ruling on Mississippi River Spillway Openings

NEW ORLEANS (AP) – A federal judge’s ruling that the U.S. Army Corps of Engineers must consult with federal fisheries experts before opening a spillway that protects New Orleans from Mississippi River flooding is being appealed. The Bonne...

Posted: Mar 24, 2023

Women in Insurance

This post is part of a series sponsored by IAT Insurance Group. Women make up nearly 60% of the insurance industry’s workforce.[1] Yet a successful insurance career is different for each one. Meet two female IAT team members with two …

Posted: Mar 24, 2023

Illinois Supreme Court: Union Workers Can’t Sue Under Biometric Law

Illinois’ top court on Thursday said U.S. labor law bars unionized workers from suing their employers for violations of the state’s biometric privacy law, which can expose companies to massive penalties. The Illinois Supreme Court unanimo...

Posted: Mar 24, 2023

Denmark to Salvage Unidentified Object in Nord Stream Blast Probe

Denmark is salvaging an unidentified object found next to a Russian gas pipeline that was damaged in a blast last September, as investigators continue to seek who was behind the attack. The operation comes two weeks after German authorities said &#82...

Posted: Mar 24, 2023

Coinbase, SEC on Collision Course for ‘Existential’ Clash Over Crypto Industry

Coinbase debuted on the U.S. stock market on April 14, 2021 – the same day U.S. senators confirmed Gary Gensler to lead the Securities and Exchange Commission (SEC), the country’s top markets regulator. Gensler, who has called the crypto...

Posted: Mar 24, 2023

People Moves: Howden Tiger Names Ruff as Head of Legacy Division in Expanded Role; Markel Taps QBE’s...

This edition of International People Moves details appointments at Howden Tiger and Markel International. A summary of these new hires follows here. Howden Tiger Names Ruff as Head of Legacy Division in Expanded Role Howden Tiger, the reinsurance arm...

Posted: Mar 24, 2023

After Nonrenewals, Castle Key Files 53.5% Increase for Remaining Fla. Condo Policies

Two months after Allstate announced that a Florida subsidiary would non-renew 33,000 condominium policies, the company has filed for a 53.5% average rate increase. Castle Key Indemnity Co., which as of year-end 2022 held some 287,000 policies in Flor...

Posted: Mar 24, 2023

After Non-Renewals, Castle Key Files 53.5% Increase for Remaining Fla. Condo Policies

Two months after Allstate announced that a Florida subsidiary would non-renew 33,000 condominium policies, the company has filed for a 53.5% average rate increase. Castle Key Indemnity Co., which until recently held some 278,000 policies in Florida,...

Posted: Mar 24, 2023

China Detains Staff, Raids Office of U.S. Due Diligence Firm Mintz Group

Chinese authorities raided the office of U.S. corporate due diligence firm Mintz Group in Beijing and detained five local staff, the company said, putting foreign companies in China on alert just as the country hosts an international economic forum....

Posted: Mar 24, 2023

Reinsurers Average 12.1% Premium Growth for Full-Year 2022: Gallagher Re

Reinsurers’ premium growth averaged 12.1% for full-year 2022 and 10.2% for the fourth quarter, which was driven by improved pricing for commercial lines and reinsurance business, according to Gallagher Re. However, the strongest FY 2022 increas...

Posted: Mar 24, 2023

Atlanta ‘Cop City’ Activists Question Police Evidence

When police stormed an Atlanta-area music festival two days after a rainstorm, they were looking for suspects wearing muddy clothing. Authorities moved in on the South River Music Festival on the evening of March 5, over an hour after more …

Posted: Mar 24, 2023

Coal Miner Killed in West Virginia, Second Fatality This Year in the State

A coal miner died Wednesday in an accident at a northern West Virginia mine, Gov. Jim Justice said. Cecil Barker, 62, of Philippi, was working as a surveyor at Century Mining’s Longview Mine in Barbour County. Two other surveyors were …

Posted: Mar 24, 2023

6 Workers Killed in Work Zone Crash on Baltimore Beltway

Six people were killed when a passenger vehicle pulled into a work zone along the Baltimore beltway and struck construction workers there, Maryland State Police said Wednesday. Troopers responded to the work zone on northbound Interstate 695 at Secur...

Posted: Mar 24, 2023

Connecticut Lawmakers Weigh Lifting Surplus Lines Renewal Rule

Connecticut’s Insurance and Real Estate Committee has advanced a surplus lines insurance measure that the industry says would lift an unnecessary administrative burden but the state insurance regulator believes would unnecessarily lessen consum...

Posted: Mar 24, 2023

Banks, Financial Industry Hit by Rising Ransomware Attacks

Ransomware gangs didn’t come out with any big new innovations last year, but “what 2022 lacked in innovation it made up for in volume,” according to a report by a financial services group. In its annual outlook on cyber threats, &#8...

Posted: Mar 24, 2023