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News Archives - Insurance Journal
Jamaica Catastrophe Bond Headed for Full Payout After Hurricane, World Bank Says
Investors in Jamaica’s catastrophe bond now face a 100% payout after Hurricane Melissa set off a full trigger event, according to the World Bank. Jamaica’s $150 million cat bond, which was arranged by the World Bank, is designed to provide …
POSTED NOVEMBER 07, 2025 4:34 PM |
People Moves: MMA Appoints Balentine as President of National Business Insurance
Marsh McLennan Agency (MMA), headquartered in White Plains, New York, appointed Adam Balentine as President of National Business Insurance. Based in Kansas City, Missouri, Balentine leads the development of strategic growth initiatives for MMA’s property and casualty business, oversees the …
POSTED NOVEMBER 07, 2025 4:34 PM |
Markets/Coverages: Fidelis Launches Construction Consortium to Cover AI Data Centers
The Fidelis Partnership (TFP), the Bermuda-based managing general underwriter, announced the launch of a consortium that targets risks associated with the construction of AI data centers. With estimates suggesting that the AI data center market could rapidly represent billions in …
POSTED NOVEMBER 07, 2025 4:23 PM |
Explosion at Mississippi Chemical Plant Causes Ammonia Leak, Evacuations
An explosion at a hydrogen and nitrogen product manufacturer in Mississippi on Wednesday caused an ammonia leak and forced nearby residents to evacuate, officials said. Mississippi Gov. Tate Reeves said in a post on the social platform X that emergency …
POSTED NOVEMBER 07, 2025 3:56 PM |
Louisiana Farm Bureau to Benefit From Demutualization, AM Best Says
AM Best has placed under review with positive implications the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb” (Good) of Louisiana Farm Bureau Mutual Insurance Company (Louisiana Farm Bureau), an action that follows the …
POSTED NOVEMBER 07, 2025 3:49 PM |
Former Injury Lawyer and SC House Member Indicted on Charges of Defrauding Clients
A former South Carolina state lawmaker and injury lawyer has been indicted on federal allegations that he schemed to defraud his legal clients. According to court papers, a federal grand jury on Wednesday indicted former Rep. Marvin Pendarvis, a Democrat …
POSTED NOVEMBER 07, 2025 3:46 PM |
Chicago Jury is Picked in Boeing Trial Over Payouts Related to Ethiopia Crash
More than six years after a Boeing 737 Max jetliner crashed in Ethiopia, the first civil trial related to the disaster that killed all 157 people on board was set to proceed. Boeing has settled most of the dozens of …
POSTED NOVEMBER 07, 2025 3:32 PM |
Zurich Invests Heavily in Underwriting Talent to Boost Mid-Market, Specialty Growth
Zurich Insurance Group is continuing to expand its middle market and specialty footprint by investing heavily this year in targeted recruitment of “top-tier underwriting talent” across the company. “In the U.S. alone, we have hired more than 100 middle market …
POSTED NOVEMBER 07, 2025 3:19 PM |
Jury Awards $10 Million to Virginia Teacher Shot by 6-Year Old Student
A jury in Newport News, Virginia has awarded $10 million to a teacher who was shot by a 6-year-old student. Abby Zwerner, who was shot in January 2023 in her first-grade classroom, had asked for $40 million against a former …
POSTED NOVEMBER 07, 2025 2:27 PM |
Boeing Avoids US Criminal Charge in 737 Max Jet Crash Case
Boeing Co. will avoid a criminal charge over two fatal 737 Max crashes after a federal judge paved the way for a $1.1 billion settlement agreement, handing the embattled manufacturer a victory in a long-running legal battle. US District Judge …
POSTED NOVEMBER 07, 2025 2:13 PM |
West News Archives - Insurance Journal
Washington Woman’s Fraud Conviction Saves System $1.3M in Lifetime Payments
An Auburn, Washington woman was convicted for fraud after receiving a lifetime pension following her reported injury while working at a supply company. Lemapu Dorothy Seinafo, 56, pleaded guilty to one count of third-degree theft and was ordered to repay …
POSTED NOVEMBER 07, 2025 6:00 AM |
People Moves: Mutual of Enumclaw Hires New Executives; King & Neel Appoints Itami and King to Leadership
Mutual of Enumclaw Hires New Executives Mutual of Enumclaw named Daniel Guthrie as vice president of product operations and chief operating officer and Hem Chari as chief information officer. Guthrie has more than 25 years of leadership experience in the …
POSTED NOVEMBER 07, 2025 6:00 AM |
Wildfire Victims Ask Gov. Newsom to Call for Insurance Commissioner’s Resignation
A few of the victims of the Los Angeles wildfires in January are asking California Gov. Gavin Newsom to call for the resignation of California Insurance Commissioner Ricardo Lara over reforms Lara pushed that were designed to help ease the …
POSTED NOVEMBER 06, 2025 7:52 PM |
Novo Car Insurance Based on Driving Behavior Launches in Arizona
Novo Insurance is launching in Arizona with month-to-month pricing tied to driving behavior. Novo uses a “Safety Score” based on how each vehicle is driven. Novo offers an “instant quote,” in which drivers get an upfront safe-driver program enrollment discount. …
POSTED NOVEMBER 06, 2025 4:07 PM |
Collision Engineering Program Coming to LA to Address Auto Repair Gap
The Collision Engineering Career Alliance partnered with El Camino College in Torrance, California to launch a collision engineering program. The aim is to help fill the more than 100,000 job openings expected through 2028 in the field. The two-year associate …
POSTED NOVEMBER 06, 2025 3:54 PM |
Judge Rejects Deal for Funeral Home Owner Accused of Stashing 190 Bodies
A Colorado judge rejected the plea agreement of a funeral home owner accused of stashing nearly 190 decaying bodies in a bug-infested building after family members of the deceased argued that the agreement’s 15- to 20-year sentence was too lenient. …
POSTED NOVEMBER 05, 2025 2:26 PM |
People Moves: Ausink Joins Alliant’s Seattle Benefits Team
Khynna Ausink joined Alliant Insurance Services as vice president within its employee benefits group in the Pacific Northwest. Based in Seattle, Washington, Ausink will serve a national client base. Before joining Alliant, Ausink was sales director with Juno. Ausink’s experience …
POSTED NOVEMBER 05, 2025 2:00 PM |
Sling TV Settles With California AG for $530K for Privacy Act Violations
Sling TV LLC and Dish Media Sales LLC, a streaming service, have agreed to pay $530,000 to settle allegations that the company violated the California Consumer Privacy Act by failing to provide an easy method for consumers to stop the …
POSTED NOVEMBER 05, 2025 6:00 AM |
Arthur J. Gallagher Acquires Surescape Insurance Services in Colorado
Arthur J. Gallagher & Co. acquired Denver, Colorado-based Surescape Insurance Services LLC. Doug Rothey and his team will remain in their current location under the direction of Bret VanderVoort, head of Gallagher’s South Central retail property/casualty brokerage operations. Surescape is …
POSTED NOVEMBER 04, 2025 2:54 PM |
California Labor Commish Fines Costco, Others $868K for Misclassifying Drivers
Costco, Ryder Last Mile Inc. and Mega Nice Trucking LLC $868,128 citation has been issued by the California Labor Commissioner’s Office for worker misclassifying and labor law violations affecting 58 delivery drivers. The LCO reports that Ryder Last Mile Inc. …
POSTED NOVEMBER 04, 2025 6:00 AM |
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