News Archives - Insurance Journal

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1 08, 2024

Oil and Gas Power Lines Suspected of Causing Texas Panhandle Wildfires

By | August 1st, 2024|Uncategorized|Comments Off on Oil and Gas Power Lines Suspected of Causing Texas Panhandle Wildfires

When a spate of wildfires tore across the Texas Panhandle in February and scorched 20,000 acres of Craig Cowden’s ranch near Skellytown, he decided he had had enough. Cowden took on a second unofficial job: looking for possible fire hazards …

29 07, 2024

Tyco, TIG Insurance Agree to Settle ‘Forever Chemicals’ Fire Foam Litigation

By | July 29th, 2024|Uncategorized|Comments Off on Tyco, TIG Insurance Agree to Settle ‘Forever Chemicals’ Fire Foam Litigation

Three months after Tyco Fire Products agreed to pay $750 million to communities with groundwater affected by so-called “forever chemicals” found in fire-stopping foam, Tyco has reached a tentative settlement with one of its insurance companies. “…We write jointly on …

29 07, 2024

Senators Call on FTC to Investigate Automakers’ Sale of Driving Data

By | July 29th, 2024|Uncategorized|Comments Off on Senators Call on FTC to Investigate Automakers’ Sale of Driving Data

Two U.S. senators are calling on the Federal Trade Commission to investigate automakers selling customers’ driving data to brokers who package it and then sell it to insurance companies. In a letter to FTC Chairwoman Linda Khan, Democrats Ron Wyden …

29 07, 2024

People Moves: Gov. Moore Appoints Grant as Next Maryland Insurance Commissioner

By | July 29th, 2024|Uncategorized|Comments Off on People Moves: Gov. Moore Appoints Grant as Next Maryland Insurance Commissioner

Maryland Governor Wes Moore has named Marie Grant, an attorney with nearly 20 years of experience in insurance and health care policy and regulation, as his state’s next insurance commissioner. Grant currently serves as assistant secretary for health policy at …

30 07, 2024

Rebuilding Rome, Upstate New York City Looking Forward After Destructive Tornado

By | July 30th, 2024|Uncategorized|Comments Off on Rebuilding Rome, Upstate New York City Looking Forward After Destructive Tornado

A tornado that hit this small, upstate city tore off rooftops, leveled brick buildings and toppled the steeples of two historic churches. No one was killed, but the twister left a debris-strewn scar through downtown and nearby areas. More than …

30 07, 2024

California Workers’ Comp Report Shows ‘Relatively Stable’ System Post-Pandemic

By | July 30th, 2024|Uncategorized|Comments Off on California Workers’ Comp Report Shows ‘Relatively Stable’ System Post-Pandemic

The California workers’ compensation system has been relatively stable in the post-pandemic era, as premium levels rose by 1% in 2023 and are forecast to increase modestly in 2024—while decreases in average insurer charged rates are moderating, a new report …

30 07, 2024

Fires in The West Are Becoming Ever Bigger, Consuming. Why and What Can Be Done?

By | July 30th, 2024|Uncategorized|Comments Off on Fires in The West Are Becoming Ever Bigger, Consuming. Why and What Can Be Done?

Decades of snuffing out fires at the first sign of smoke combined with climate change have laid the groundwork for a massive wildfire in northern California and scores of smaller ones across the western U.S. and Canada, experts say. These …

30 07, 2024

Utility Regulators Cite Natural Gas Company in Fatal 2021 Blast in Pennsylvania

By | July 30th, 2024|Uncategorized|Comments Off on Utility Regulators Cite Natural Gas Company in Fatal 2021 Blast in Pennsylvania

State utility regulators have filed a complaint against a natural gas provider alleging safety violations in connection with an explosion in a central Pennsylvania borough that killed one person and injured several others three years ago. The 22-count complaint filed …

30 07, 2024

Confie Acquires Insurance Agencies in Texas, Florida, North Carolina

By | July 30th, 2024|Uncategorized|Comments Off on Confie Acquires Insurance Agencies in Texas, Florida, North Carolina

Confie, a California-based personal lines distributor, has acquired three insurance agencies in the South, the firm said last week. Affordable Insurance in Hendersonville, North Carolina; US1 Insurance in Miami; and Bridgepoint Insurance in McAllen, Texas, are now part of the …

30 07, 2024

Nationwide Plans 5% Reduction in Employee Headcount

By | July 30th, 2024|Uncategorized|Comments Off on Nationwide Plans 5% Reduction in Employee Headcount

Insurer Nationwide said late last week that it is reducing its headcount by about 5% over the next year. “We can’t speculate on the total number of job impacts,” said Nationwide in a statement. “Eligible associates are able to apply …