Insurance Journal

Markets/Coverages: Berkley, Talage Partner for Workplace Violence Coverage

Berkley Program Specialists said it has partnered with Talage to offer a new product line for workplace violence coverage. This new coverage and service offering was introduced Feb. 8 in select states with additional states to follow. Insurtech Talag...

Posted: Feb 16, 2023

Markets/Coverages: Beazley Launches Private Equity Liability Product for Portfolio Firms

Specialist insurer Beazley has launched a new private equity liability insurance product, designed to focus on the inherent directors and officers (D&O) risks within the long-term lifecycle of portfolios held by private equity firms. Across the f...

Posted: Feb 16, 2023

EU Sanctions Aim to Make Banks Report Frozen Russia Assets; Russia Reinsurer on List

The European Union is poised to force banks to report information on Russian Central Bank assets as part of the bloc’s latest sanctions package targeting Moscow for its war in Ukraine, according to draft proposals seen by Bloomberg. Getting a &...

Posted: Feb 16, 2023

New Zealand Searches for Missing After Cyclone; Sizable Economic Cost Expected

New Zealand is still searching for people missing in the aftermath of Cyclone Gabrielle amid fears the death toll will continue to climb. Five people are now confirmed dead after the cyclone devastated large areas of the nation’s North Island,...

Posted: Feb 16, 2023

AIG Sees Q4 Profit Fall but General Insurance Underwriting Jumps 27%

Fourth quarter 2022 net income attributable to American International Group common shareholders fell to $264 million from about $3.7 billion the year prior, but the insurer’s general insurance business ended the year with “the strongest u...

Posted: Feb 16, 2023

Fla. Tort Bill Brings it: Limits Damages, Ends Fee Multipliers, Discloses LOPs – and More

Outside of insurance attorneys, plaintiffs’ lawyers and some doctors, few people in Florida may be familiar with what are known as letters of protection. But critics say the instruments, in which doctors agree to take a share of the judgment &#...

Posted: Feb 16, 2023

Travel Insurance to Take Off as Year-End Cancellations Spook Flyers

Demand for travel insurance in the United States is set to jump this year, as more Americans turn cautious after a spike in flight cancellations and lost luggage in the last two months upended holiday plans of tens of thousands …

Posted: Feb 16, 2023

Krause Acquires LTCI Brokerage Services in California

Krause Brokerage Services, LLC acquired USA-LTCI in California. LTCI is a brokerage firm that specializes in long-term care insurance, including employer-sponsored worksite LTCI for businesses offering LTCI as a benefit to their staff. With this acqu...

Posted: Feb 16, 2023

Maine Proposal Would Buy Out Farms Contaminated by PFAS Chemicals

A Maine lawmaker has proposed a bill to require the state to offer to buy out farmers whose land was contaminated by long-lasting chemicals caused by the spreading of sludge. The chemicals are PFAS chemicals, which are sometimes called “forever...

Posted: Feb 16, 2023

People Moves: Venbrook in California Names Meyer Head of U.S. Programs Division

Venbrook Group, LLC, headquartered in Los Angeles, California, named Bryan Meyer executive vice president, programs, for Venbrook Specialty Services, LLC, a wholly owned subsidiary. Meyer will manage general underwriters and other aspects of the comp...

Posted: Feb 16, 2023

Court to Rehear Challenge to Connecticut’s Transgender Athlete Policy

A federal appeals court has reinstated a challenge to Connecticut’s policy of allowing transgender girls to compete in girls high school sports, two months after a three-judge panel upheld the rules. The 2nd U.S. Circuit Court of Appeals in New...

Posted: Feb 16, 2023

Officials Urge Lead Tests for Kids of Minnesota Ammo Plant Workers

ST. PAUL, Minn. (AP) – Minnesota health officials have urged workers at the Federal Ammunition company plant in Anoka to get their children tested for lead exposure after four kids with family members who work there were found to have …

Posted: Feb 15, 2023

Nebraska Supreme: Rental Car Customer Doesn’t Owe Avis for ‘Voluntary’ Payment

No one threatened to sue Avis Rent a Car after Roynetta McDavid’s little sister borrowed her rental car without permission and smashed it into another vehicle. But a claims handler for the company paid three people who were hurt in …

Posted: Feb 15, 2023

Arkansas Malpractice Bill Would Restrict Trans Youth Medical Care

LITTLE ROCK, Ark. (AP) – Nearly two years after Arkansas became the first state to enact a now-blocked ban on gender-affirming care for minors, Republican lawmakers are trying to effectively reinstate the ban with a proposal Monday to make it …

Posted: Feb 15, 2023

Missouri Cattle Processor Cited for Exposing Workers to Potentially Lethal Carbon Dioxide Levels

Lone Jack, Mo. – A federal workplace safety investigation at a Lone Jack cattle processing plant – now cited seven times by inspectors for endangering workers since March 2020 – found employees exposed to high levels of carbon dioxide. Dry …

Posted: Feb 15, 2023

Holman Acquires Texas’ Park Wood Managers

Holman, a global automotive services organization, today announced the acquisition of Plano, Texas-based Park Wood Managers, a leading underwriter and insurance provider for commercial trucking fleets. The addition of Park Wood Managers and the compa...

Posted: Feb 15, 2023

AgentSync Co-Founders Jenn Knight and Niji Sabharwal on the Future of Insurance and AgentSync’s Plac...

This post is part of a series sponsored by AgentSync. Recently, AgentSync Co-Founders Jenn Knight and Niji Sabharwal sat down with Judy Shaw, host of the New York Stock Exchange (NYSE) video series Floor Talk to discuss the future of …

Posted: Feb 15, 2023

Unfavorable Reserve Development of $330M in January: Progressive

Progressive Corp. said net income for the month of January was $449.4 million compared with $25.8 million the same month in 2022 as gains on securities were $245.6 million from a loss of $348 million in January 2022. January net …

Posted: Feb 15, 2023

FAA Forms Safety Review Team After Near Miss Incidents

The acting head of the Federal Aviation Administration (FAA) is forming a team of experts to review airline safety after several recent near miss incidents raised questions about the U.S. aviation system. Acting FAA Administrator Billy Nolen in a &#8...

Posted: Feb 15, 2023

Alec Baldwin Calls Part of New Mexico Movie Set Shooting Charge Unconstitutional

Alec Baldwin asked a judge in New Mexico to dismiss a five-year firearm sentencing enhancement in the charges against him, saying it is unconstitutionally based on a law passed after the shooting on the set of the film “Rust.” “The...

Posted: Feb 15, 2023

J&J Must Face Baby Powder Suit by 24-Year-Old Dying of Cancer

Johnson & Johnson can no longer use bankruptcy to block a trial in California over claims its baby powder caused the deadly cancer of a 24-year-old man, a federal judge ruled Tuesday. The ruling is the first of its kind …

Posted: Feb 15, 2023

OSHA Cites Tree Services Firm Over Death of 17-Year Old Worker Pulled Into Woodchipper

On a Tuesday afternoon in the summer of August 2022, federal workplace safety inspectors responded to a police report that a 17-year-old worker had died after being pulled into a woodchipper at a work site near Allentown. An Occupational Safety &#823...

Posted: Feb 15, 2023

OSHA Cites Tree Services Firm Over 17-Year Old Worker Killed in Woodchipper

On a Tuesday afternoon in the summer of August 2022, federal workplace safety inspectors responded to a police report that a 17-year-old worker had died after being pulled into a woodchipper at a work site near Allentown. An Occupational Safety &#823...

Posted: Feb 15, 2023

Georgia Bill Would Bar Public Camping But Allows Designated Areas for Homeless

Georgia cities and counties could be compelled to enforce bans on public camping or sleeping by homeless people under a bill moving forward in the state Senate. The measure would also create a structure for the state to designate camping …

Posted: Feb 15, 2023

BriteCo Launches Independent Agent Program

BriteCo jewelry insurance today launched its new Agent Program, which will enable independent insurance agents in the United States to offer BriteCo jewelry insurance to their clients. Per a press release, agents in the program gain access to BriteCo...

Posted: Feb 15, 2023