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News Archives - Insurance Journal
Illinois Chemical Manufacturer Reaches $400K Settlement With EPA
The U.S. Environmental Protection Agency announced a settlement for alleged violations of the Clean Air Act with Nalco Production LLC and Nalco Co. LLC. The companies manufacture polymer blend chemicals at their facility at 6216 W. 66th Place in Chicago, …
POSTED MAY 09, 2025 4:36 PM |
Patriot Growth Partners With Texas’ Ladd Gardner Aviation Insurance
Patriot Growth Insurance Services announce its partnership with Ladd Gardner Aviation Insurance (LGA), an aviation insurance agency based in Addison, Texas. Founded in 2007 by aviation enthusiast and industry veteran, Ladd Gardner, the agency brings deep expertise, a client-centric approach, …
POSTED MAY 09, 2025 4:34 PM |
Texas Legislators Seek Solutions to Rising Home Insurance Rates
Texas lawmakers hope to rein in homeowners’ rising insurance bills even as they acknowledge there’s only so much they can do to tackle costs. Legislators have advanced bills to limit how much insurance companies can hike rates and help homeowners …
POSTED MAY 09, 2025 4:31 PM |
People Moves: SiriusPoint Promotes Fenn to Global Head of Marine; Arch Insurance International Promotes Mansouri to UK PI Underwriting Manager
SiriusPoint Promotes Fenn to Global Head of Marine SiriusPoint Ltd., the Bermuda-based specialty insurer and reinsurer, announced the promotion of Chris Fenn to global head of Marine, in addition to two strategic appointments to strengthen its global marine offering. Previously …
POSTED MAY 09, 2025 3:59 PM |
Business Moves: Clear Group’s Shape Underwriting Acquires HNW Specialist Protect Underwriting; Optio Buys UK PI Specialist MGA, Custodian Management
Clear Group’s Shape Underwriting Acquires HNW Specialist Protect Shape Underwriting, the London-headquartered managing general agent, has acquired Protect Underwriting LLP, a specialist MGA in private client high-net-worth business. Financial details of the deal were not disclosed. This transaction marks Shape …
POSTED MAY 09, 2025 3:25 PM |
Minnesota YMCA to Pay $140K to Settle Sexual Harassment Lawsuit
The St. Cloud Area Family YMCA will pay $140,000 and provide other relief to settle a sexual harassment lawsuit filed by the U.S. Equal Employment Opportunity Commission (EEOC), the federal agency announced this week. The EEOC charged in its suit …
POSTED MAY 09, 2025 3:03 PM |
Abu Dhabi’s IHC, BlackRock Start $1 Billion Reinsurance Firm
International Holding Co., Abu Dhabi’s largest listed company that’s overseen by a key member of the emirate’s royal family, is setting up a $1 billion reinsurance venture with BlackRock Inc. The yet-to-be-named firm will launch with more than $1 billion …
POSTED MAY 09, 2025 2:49 PM |
20 Charged in Alleged Theft of 126 Cars Worth $4.6 Million in NYC and Suburbs
New York law enforcement officials reported that 20 men and women have been indicted and charged with participating in a scheme to steal cars throughout New York City and its suburbs. The vehicles — which officials said were valued at …
POSTED MAY 09, 2025 2:10 PM |
New Mexico Utilities Tell Residents to Prepare for Outages When Fire Risk is High
Electric providers in New Mexico told the state’s utility regulator at citizens at a hearing on Thursday in Santa Fe that residents should be prepared to potentially lose power when high winds and dry conditions raise wildfire risk in their …
POSTED MAY 09, 2025 1:56 PM |
Why Trump’s Plan to Stop Tallying Weather Losses Matters to the Insurance Industry
Extreme weather is an increasingly expensive problem in the US. Last year, fires, droughts and storms caused more than $182 billion in damages — but going forward, the federal government won’t be keeping track. The National Oceanic and Atmospheric Administration, …
POSTED MAY 09, 2025 1:36 PM |
West News Archives - Insurance Journal
New Mexico Utilities Tell Residents to Prepare for Outages When Fire Risk is High
Electric providers in New Mexico told the state’s utility regulator at citizens at a hearing on Thursday in Santa Fe that residents should be prepared to potentially lose power when high winds and dry conditions raise wildfire risk in their …
POSTED MAY 09, 2025 1:56 PM |
People Moves: Cho Named Coalition’s Head of West; Pinnacol Names Awad to Board, Renews Terms for Absher and Oakley
Cho Named Coalition’s Head of the West Region Coalition Inc. named Manny Cho as head of its west region. Cho joins Coalition with over three decades of experience in the insurance industry, most recently serving as executive vice president of …
POSTED MAY 09, 2025 5:00 AM |
LA Mayor Credits Trump on Fire Aid, Stays Wary on Immigration
Los Angeles Mayor Karen Bass is navigating one of her city’s most challenging periods in decades. She’s facing a nearly $1 billion budget shortfall, the long recovery from January’s wildfires, and preparations for two of the world’s largest sporting events …
POSTED MAY 08, 2025 7:08 PM |
California Labor Commissioner Fines Care Facility $40,000 in Retaliation Case
A mental healthcare facility was ordered to pay $40,460 after the California Labor Commissioner’s Office found the company unlawfully terminated a care facility worker for reporting workplace violations. The LCO cited Ali Baba Corp. for workplace retaliation and labor law …
POSTED MAY 08, 2025 5:00 AM |
Report: Oregon Worker’s Comp Claims Fell in 2023 From Previous Two Years
Oregon worker’s compensation claims fell in 2023 from the previous two years, a report from the Oregon Department of Consumer and Business Services shows. The department received notification of 22,994 accepted disabling claims for occupational injuries and diseases in 2023, …
POSTED MAY 08, 2025 5:00 AM |
Colorado Committee Kills Insurance Bill to Control Costs Through 1% Charge
A Colorado bill to impose a 1% charge on homeowners insurance policies died in a committee in state Legislature this week. The Senate Finance Committee voted 6-2 to kill House Bill 1302, which was pushed by Gov. Jared Polis and …
POSTED MAY 07, 2025 4:57 PM |
California Electrical Firm Pays $1.4M for Fair Labor Violations
A San Jose, California-based electrical engineering and construction company paid $1.4 million for violating the Fair Labor Standards Act. The U.S. Department of Labor found Cupertino Electric Inc. failed to pay proper overtime rates, fining and fined the company for …
POSTED MAY 07, 2025 5:00 AM |
California Labor Commissioner Cites University and Contractors
The California Labor Commissioner’s Office cited Pepperdine University and four janitorial contractors after an investigation reportedly found violations of state janitorial registration laws. The labor commissioner says Pepperdine University, located in Los Angeles County, hired janitorial companies that were not …
POSTED MAY 07, 2025 5:00 AM |
People Moves: Mutual of Enumclaw Hires Otis as President and CEO
Mutual of Enumclaw, hired insurance industry veteran Bob Otis as its new president and CEO. Otis has more than 30 years of executive-level experience in property/casualty insurance with several firms, including Allstate, USAA and National Lloyds. Most recently, he was …
POSTED MAY 06, 2025 1:45 PM |
Oregon’s Compensable Worker Fatalities Down in 2024, Report Shows
Oregon saw a drop in worker deaths last years, according to newly released data from the state’s Department of Consumer and Business Services. But despite the overall decline, the numbers show that certain industries—particularly logging and construction—continue to carry some …
POSTED MAY 06, 2025 5:00 AM |
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