News Archives - Insurance Journal

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17 05, 2024

DeSantis, Amid Criticism, Signs Bill Making Climate Change Less of a Priority

By | May 17th, 2024|Uncategorized|Comments Off on DeSantis, Amid Criticism, Signs Bill Making Climate Change Less of a Priority

TALLAHASSEE, Fla. (AP) — Climate change will be a lesser priority in Florida and largely disappear from state statutes under legislation signed Wednesday by Florida Gov. Ron DeSantis that also bans power-generating wind turbines offshore or near the state’s lengthy …

17 05, 2024

Driver Says He Smoked Pot Oil, Took Meds Before Florida Crash That Killed 8 Workers

By | May 17th, 2024|Uncategorized|Comments Off on Driver Says He Smoked Pot Oil, Took Meds Before Florida Crash That Killed 8 Workers

OCALA, Fla. (AP) — A man with a long record of dangerous driving told investigators he smoked marijuana oil and took prescription drugs hours before he sideswiped a bus, killing eight Mexican farmworkers and injuring dozens more, according to an …

17 05, 2024

Fitch Ratings: US Cyber Premium Growth Slows in 2023

By | May 17th, 2024|Uncategorized|Comments Off on Fitch Ratings: US Cyber Premium Growth Slows in 2023

The U.S. cyber insurance market saw what Fitch Ratings called an unexpected 1% decline in direct written premiums in 2023 following a 160% increase from 2020 to 2022. According to Fitch Ratings’ U.S. Cyber Insurance Market Update, standalone cyber written …

17 05, 2024

Deadly US Oil Blast Exposes Risks of Pushing Profits Over Safety

By | May 17th, 2024|Uncategorized|Comments Off on Deadly US Oil Blast Exposes Risks of Pushing Profits Over Safety

The explosion that rocked Marathon Petroleum Corp.’s Galveston Bay oil refinery one year ago trapped Rigoberto Guillen 75 feet in the air. Stranded on a metal platform, he and a colleague crouched low as black smoke engulfed them. “I couldn’t …

17 05, 2024

Staffing Shortages, Reduced Safety Training Fuel Risks for Company Drivers

By | May 17th, 2024|Uncategorized|Comments Off on Staffing Shortages, Reduced Safety Training Fuel Risks for Company Drivers

Increased distractions, staffing shortages, and safety risks mean that 60% of company drivers are worried about their personal safety and liability behind the wheel. Over half have been involved in or witnessed an accident in the past year. According to …

17 05, 2024

Inszone Acquires Texas’ JHC Insurance Agency

By | May 17th, 2024|Uncategorized|Comments Off on Inszone Acquires Texas’ JHC Insurance Agency

Inszone Insurance Services announced the acquisition of JHC Insurance Agency, Inc., an independent insurance agency serving the Victoria community and beyond. Rooted in the values of independence and client-focused service, JHC Insurance Agency, Inc. has become a key player in …

17 05, 2024

Indigenous Consultant Accuses Chicago Blackhawks of Fraud, Sexual Harassment

By | May 17th, 2024|Uncategorized|Comments Off on Indigenous Consultant Accuses Chicago Blackhawks of Fraud, Sexual Harassment

A consultant the Chicago Blackhawks hired to improve relationships with American Indian tribes has filed a lawsuit accusing the team, its charity foundation and its CEO of fraud, breach of contract and sexual harassment. Nina Sanders filed the civil action …

17 05, 2024

Kansas Governor Cites Competition Concerns While Vetoing Bill for School Gun-Detection Technology

By | May 17th, 2024|Uncategorized|Comments Off on Kansas Governor Cites Competition Concerns While Vetoing Bill for School Gun-Detection Technology

Kansas Gov. Laura Kelly vetoed a measure Wednesday that could have earmarked up to $5 million for gun-detection systems in schools while expressing concern that it could have benefitted only one particular company. Kelly’s line-item veto leaves in place $5 …

17 05, 2024

Security First Touts 5% Rate Decrease for HO-3, Renters Policies in Florida

By | May 17th, 2024|Uncategorized|Comments Off on Security First Touts 5% Rate Decrease for HO-3, Renters Policies in Florida

Citing the stabilizing impact that legislative reforms have had on the Florida market, Security First Insurance Co. executives this week announced two residential property rate reductions of more than 5%. “For the first time in nine years, we’re going to …

17 05, 2024

People Moves: AXA XL Promotes Riha as Chief Client & Distribution Officer, APAC/Europe

By | May 17th, 2024|Uncategorized|Comments Off on People Moves: AXA XL Promotes Riha as Chief Client & Distribution Officer, APAC/Europe

AXA XL Promotes Riha as Chief Client & Distribution Officer, APAC & Europe AXA XL announced that Robert Riha has been appointed as chief client & distribution officer, APAC & Europe, effective July 1. In his new role, Riha will …