News Archives - Insurance Journal

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17 09, 2024

An 8-Year-Old Girl in Ohio Drove an SUV to a Target: Authorities

By | September 17th, 2024|Uncategorized|Comments Off on An 8-Year-Old Girl in Ohio Drove an SUV to a Target: Authorities

BEDFORD, Ohio (AP) — An 8-year-old girl took an SUV from her Ohio home and drove for miles to a store where she was later found unharmed, authorities said. The girl, whose name was not released, and the vehicle — …

17 09, 2024

Beware of Hidden Email Addresses: TN School Transferred $3M to Fake Account

By | September 17th, 2024|Uncategorized|Comments Off on Beware of Hidden Email Addresses: TN School Transferred $3M to Fake Account

A school district in Tennessee temporarily lost more than $3 million after a district employee was duped into sending funds to a fake vendor. The finance director for the Johnson County Board of Education, in northeast Tennessee, in March wired …

17 09, 2024

Maury, Donnelly & Parr Acquires Maryland’s Campion Agency

By | September 17th, 2024|Uncategorized|Comments Off on Maury, Donnelly & Parr Acquires Maryland’s Campion Agency

Baltimore-based Maury, Donnelly & Parr, Inc. (MDP) reported its acquisition of another Maryland insurance agency, Campion Insurance in Bel Air. MDP said the merger broadens its reach and service offerings across the Mid-Atlantic region, including in both commercial and personal …

17 09, 2024

Coastal Carolina Gets 1,000-year Rainfall Event from Storm System

By | September 17th, 2024|Uncategorized|Comments Off on Coastal Carolina Gets 1,000-year Rainfall Event from Storm System

Parts of North Carolina saw something Monday that has not been seen in hundreds, perhaps 1,000 years – 18 inches of rain in half a day. That’s “once in every 1,000 years!” the National Weather Service said on social media …

17 09, 2024

PCF Acquires Insurance Business of Top Insurance Associates in Washington

By | September 17th, 2024|Uncategorized|Comments Off on PCF Acquires Insurance Business of Top Insurance Associates in Washington

PCF Insurance Services acquired the insurance business of Top Insurance Associates in Snohomish, Washington. The Top Insurance Associates team will join PCF Insurance’s Fortiphi Insurance. Top Insurance Associates offers personal and commercial insurance services to individual and business clients in …

17 09, 2024

Cigna Sues Federal Trade Commission Over ‘Defamatory’ Report

By | September 17th, 2024|Uncategorized|Comments Off on Cigna Sues Federal Trade Commission Over ‘Defamatory’ Report

Cigna Group’s Express Scripts sued the US Federal Trade Commission over a recent report that the company said demonizes pharmacy benefit managers and asked the court to order the agency to retract it. The lawsuit escalates the conflict between drug …

17 09, 2024

Howden Buys Foresight in Japan, Names Gallagher’s Aibe as CEO of Japan Retail Unit

By | September 17th, 2024|Uncategorized|Comments Off on Howden Buys Foresight in Japan, Names Gallagher’s Aibe as CEO of Japan Retail Unit

Howden, the London-based insurance intermediary group, announced its launch into the Japanese retail insurance broking and captive consulting and management markets with the acquisition of Foresight Holdings Co. Ltd. Also announced was the appointment of Takuya Aibe as CEO of …

17 09, 2024

Russia’s RusChemAlliance Sues 5 European Banks Over Aborted Gas Project

By | September 17th, 2024|Uncategorized|Comments Off on Russia’s RusChemAlliance Sues 5 European Banks Over Aborted Gas Project

Russian company RusChemAlliance has filed new lawsuits against five European banks that stopped financing the construction of a gas project in Russia after the West imposed sanctions against Moscow over the 2022 invasion of Ukraine. The lawsuits, all filed with …

17 09, 2024

US Property Insurance Rates Fall for First Time Since 2017

By | September 17th, 2024|Uncategorized|Comments Off on US Property Insurance Rates Fall for First Time Since 2017

US property insurance rates are decreasing for the first time in almost seven years, after insurers returned to profitability amid lower losses tied to catastrophes. The average US property insurance rate decreased 0.94% in the second quarter from a year …

17 09, 2024

People Moves: AXIS Names Chubb’s Mitchell as Head of Global Markets, Succeeding Gregory; Marsh McLennan Names De Bremme as CEO of Belgium & Luxembourg

By | September 17th, 2024|Uncategorized|Comments Off on People Moves: AXIS Names Chubb’s Mitchell as Head of Global Markets, Succeeding Gregory; Marsh McLennan Names De Bremme as CEO of Belgium & Luxembourg

This edition of International People Moves details appointments at AXIS Capital Holdings and Marsh McLennan. A summary of these new hires follows here. AXIS Names Chubb’s Mitchell as Head of Global Markets, Succeeding Gregory AXIS Capital Holdings Ltd., the Bermuda-based …