News Archives - Insurance Journal

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4 06, 2024

US Farmers Opt for Soy to Limit Losses as All Crop Prices Slump

By | June 4th, 2024|Uncategorized|Comments Off on US Farmers Opt for Soy to Limit Losses as All Crop Prices Slump

Mark Tuttle planted more soy and less corn on his northern Illinois farm this spring as prices for both crops hover near three-year lows and soybeans’ lower production costs offered him the best chance of turning a profit in the …

4 06, 2024

Fort Myers Life Insurance Broker Charged With Policy Fraud, Misusing ID Info

By | June 4th, 2024|Uncategorized|Comments Off on Fort Myers Life Insurance Broker Charged With Policy Fraud, Misusing ID Info

Florida financial regulators have charged a Fort Myers insurance broker with taking out a life insurance policy on a person without their knowledge and misusing the person’s identification information. Bryce Corey Tyminski, 26, was arrested and booked into the Lee …

4 06, 2024

J&J Must Pay $260 Million in Latest Talc Trial

By | June 4th, 2024|Uncategorized|Comments Off on J&J Must Pay $260 Million in Latest Talc Trial

Johnson & Johnson must pay $260 million to an Oregon woman who said she got mesothelioma, a deadly cancer linked to asbestos exposure, from inhaling the company’s talc powder, a jury found on Monday. The verdict in the 4th Judicial …

4 06, 2024

People Moves: Aon Names Reese as CFO, Succeeding Davies; Ogden Named CEO of HDI Global UK & Ireland as Taylor Retires

By | June 4th, 2024|Uncategorized|Comments Off on People Moves: Aon Names Reese as CFO, Succeeding Davies; Ogden Named CEO of HDI Global UK & Ireland as Taylor Retires

This edition of International People Moves details appointments at broker Aon and HDI Global UK & Ireland. A summary of these new hires follows here. Aon Names Reese as CFO, Succeeding Davies Insurance broker Aon plc announced that Edmund Reese …

4 06, 2024

Orchestrator of $60 Million New York Auto Insurance Fraud Gets 10 Years in Prison

By | June 4th, 2024|Uncategorized|Comments Off on Orchestrator of $60 Million New York Auto Insurance Fraud Gets 10 Years in Prison

A New Jersey man who orchestrated a 13-year long, $60 million no-fault automobile insurance scam in New York has been sentenced to 10 years in prison. Bradley Pierre was sentenced by U.S. District Judge Paul G. Gardephe for conspiracy to …

4 06, 2024

People Moves: Skyward Specialty Expands Media Liability Team

By | June 4th, 2024|Uncategorized|Comments Off on People Moves: Skyward Specialty Expands Media Liability Team

Skyward Specialty Insurance Group, headquartered in Houston, named three new members to its media liability team Andrea Taylor is Skyward’s new vice president of media liability. Taylor has 25 years of leadership and underwriting expertise, specializing in the segment. She …

4 06, 2024

Increased NFIP Discounts Coming to East Baton Rouge

By | June 4th, 2024|Uncategorized|Comments Off on Increased NFIP Discounts Coming to East Baton Rouge

In Louisiana, East Baton Rouge Parish residents and business owners will be eligible for an increased discount on their flood insurance premiums this fall. According to a press release from the City of Baton Rouge, beginning Oct. 1, homeowners and …

4 06, 2024

People Moves: IMA Financial Group Adds Hennessey as EVP, Regional Sales Leader

By | June 4th, 2024|Uncategorized|Comments Off on People Moves: IMA Financial Group Adds Hennessey as EVP, Regional Sales Leader

IMA Financial Group, Inc. named Matt Hennessey executive vice president, Pacific Northwest region sales leader of Parker, Smith & Feek. Hennessey will be based in Seattle and work out of the Bellevue office. Hennessey has nearly 30 years of insurance …

4 06, 2024

Insurers Expect Major Loss Event From Floods in Southern Germany

By | June 4th, 2024|Uncategorized|Comments Off on Insurers Expect Major Loss Event From Floods in Southern Germany

Insurers are preparing for an above-average loss event as a result of floods hitting in southern Germany. “The pictures from Bavaria and Baden-Württemberg foreshadow the worst. Our companies are already receiving many claims reports,” according to Jörg Asmussen, managing director …

4 06, 2024

University to Pay $9 Million Over Campus Shooting That Killed 3, Wounded 2

By | June 4th, 2024|Uncategorized|Comments Off on University to Pay $9 Million Over Campus Shooting That Killed 3, Wounded 2

The University of Virginia will pay $9 million in a settlement related to a 2022 campus shooting that killed three football players and wounded two students, a lawyer representing some of the victims and their families said last Friday. But …