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News Archives - Insurance Journal
Liberty Co. Names Allen, Hayes to Leadership Positions The Liberty Co., a rapidly expanding insurance brokerage based in Gainesville, Florida, has named two insurance industry veterans to executive positions. Bill Allen, who was previously executive vice president at Hays Companies, now part of the large Brown & Brown …
POSTED APRIL 29, 2024 2:14 PM |
Parts of US Gulf Coast Face Possible Tornadoes: Weather Watch States across the US Gulf Coast are bracing for possible tornadoes as certain parts of the region face a marginal risk of severe thunderstorms, according to the US Storm Prediction Center. Severe thunderstorm warnings and watches have been posted for …
POSTED APRIL 29, 2024 1:58 PM |
Manager Who Operated Crane Pleads Guilty to Manslaughter in Quarry Worker’s Death An upstate New York court last week accepted a mine manager’s guilty plea to manslaughter in the second degree over the death of a worker in 2022. According to prosecutors, Anthony Valente, a mine manager at a Grafton limestone quarry, …
POSTED APRIL 29, 2024 1:57 PM |
Supreme Court Won’t Hear Elon Musk Dispute Over SEC Settlement The U.S. Supreme Court declined on Monday to hear Elon Musk’s bid to throw out part of a securities fraud settlement with the Securities and Exchange Commission restricting the billionaire businessman’s public statements about his electric car company Tesla. The …
POSTED APRIL 29, 2024 1:42 PM |
Freight Train Derailment, Fire Forced Interstate 40 Closure Near Arizona-New Mexico Line A freight train carrying fuel derailed and caught fire Friday near the Arizona-New Mexico state line, forcing the closure of an interstate highway that serves as a key trucking route. Initial passersby posted video and photos on social media of …
POSTED APRIL 29, 2024 1:36 PM |
Philadelphia’s Republic First Bank Closed by Regulators, Sold to Fulton Bank Regulators have closed Republic First Bank, a regional lender operating in Pennsylvania, New Jersey and New York. The Federal Deposit Insurance Corp. said Friday it had seized the Philadelphia-based bank, which did business as Republic Bank and had roughly $6 …
POSTED APRIL 29, 2024 1:32 PM |
Burglars Targeting South Asians Stole $4 Million in Jewels Over Six Years A burglary ring that allegedly stole more than $4 million worth of jewelry mostly from the homes of South Asians in over two dozen communities has been broken up, the Massachusetts State Police said. Four people, including two brothers, were …
POSTED APRIL 29, 2024 1:28 PM |
UK Motor Premiums Start to Stabilize but Costs to Insurers Mount: ABI Motor premiums increased by just 1% in the first quarter of 2024, indicating an easing of the price rises seen in 2023 when premiums rose by 25% from 2022, according to the Association of British Insurers. However, insurers continue to …
POSTED APRIL 29, 2024 1:26 PM |
Canada’s London Drugs Shuts Pharmacies After Cyber Incident Pharmacy chain London Drugs Ltd. shut dozens of stores in western Canada on Sunday following a cyber incident. The chain discovered it was the victim of a cybersecurity incident on Sunday, a representative said by email, and shut all 79 …
POSTED APRIL 29, 2024 12:38 PM |
Africa Specialty Risks Launches ASR Syndicate 2454 at Lloyd’s Africa Specialty Risks (ASR), the pan-African focused re/insurance group, has launched ASR Syndicate 2454 focused on underwriting business across Africa. It is the first African-focused syndicate writing business at Lloyd’s and is managed by Apollo. ASR Syndicate officially began underwriting …
POSTED APRIL 29, 2024 10:51 AM |
West News Archives - Insurance Journal
Freight Train Derailment, Fire Forced Interstate 40 Closure Near Arizona-New Mexico Line A freight train carrying fuel derailed and caught fire Friday near the Arizona-New Mexico state line, forcing the closure of an interstate highway that serves as a key trucking route. Initial passersby posted video and photos on social media of …
POSTED APRIL 29, 2024 1:36 PM |
People Moves: Lara Makes Appointments to California Curriculum Board and Insurance Diversity Task Force California Insurance Commissioner Ricardo Lara made several appointments to the state’s curriculum board and insurance diversity task force. Lara named Aretha Hartley as the newest member of the curriculum board. The curriculum board oversees the development of pre-licensing and continuing …
POSTED APRIL 29, 2024 5:00 AM |
‘Buffett Got it Wrong’ on California Fire Risk: PG&E CEO Warren Buffett’s warning that wildfires have turned utilities across the western US into risky investments is mistaken — at least in California, according to the head of the state’s largest electricity provider. “Frankly, I think Buffett got it wrong in …
POSTED APRIL 29, 2024 5:00 AM |
Family of Nigerian Businessman Killed in Helicopter Crash Sues Charter Company The family of a Nigerian business leader who died in a Southern California helicopter crash that killed five others in February filed a lawsuit claiming the flight should have been grounded because of treacherous weather. Relatives of Abimbola Ogunbanjo, the …
POSTED APRIL 26, 2024 5:00 AM |
Orion180 Launches Homeowners Insurance in Arizona Orion180 is expanding its homeowners insurance services to Arizona under a push by the company into the Western U.S. Orion180 currently operates in Alabama, Arizona, Georgia, Indiana, Mississippi, North Carolina and South Carolina through its two insurance carriers. The company …
POSTED APRIL 26, 2024 5:00 AM |
Workers’ Comp Rating Bureau of California OKs Higher Pure Premium Rate Filing The Workers’ Compensation Insurance Rating Bureau of California submitted its Sept. 1, 2024, pure premium rate filing to the California Department of Insurance, proposing advisory rates on average 0.9% above the average approved Sept. 1, 2023 rates. The proposed advisory …
POSTED APRIL 26, 2024 5:00 AM |
Viewpoint: Insurers Face Added Role in Curbing Workplace Violence With California Law New legislation aimed at reducing workplace violence in California vastly increases employers’ responsibilities and hands workers’ compensation insurers an unprecedented oversight role that is likely to trigger lawsuits and affect rates and capacity. The Workplace Violence Prevention Bill SB 553, …
POSTED APRIL 25, 2024 5:15 AM |
PCF Insurance in Utah Secures $400M in Financing PCF Insurance Services in Utah closed $400 million in incremental debt financing led by Blue Owl. The financing was materially oversubscribed and was upsized from $300 million to $400 million in response to demand from new and existing lenders. The …
POSTED APRIL 25, 2024 5:00 AM |
Jury Rules BNSF Contributed to 2 Deaths in Montana Town Exposed to Asbestos A federal jury said BNSF Railway contributed to the deaths of two people who were exposed to asbestos decades ago when tainted mining material was shipped through a Montana town where thousands have been sickened. The jury awarded $4 million …
POSTED APRIL 25, 2024 5:00 AM |
People Moves: Liberty Names Rubin Senior Vice President, Benefits The Liberty Company Insurance Brokers named Neal Rubin senior vice president, benefits. Rubin is based in Irvine, California. Rubin has more than 40 years of experience in the Southern California employee benefits sector. He spent seven years as vice president …
POSTED APRIL 25, 2024 5:00 AM |
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