News Archives - Insurance Journal

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16 05, 2024

King Insurance Acquires Marcus Agency in Connecticut

By | May 16th, 2024|Uncategorized|Comments Off on King Insurance Acquires Marcus Agency in Connecticut

Florida-based King Insurance Partners announced it has acquired Marcus Insurance, an independent agency based in Wethersfield, Connecticut. The terms were not disclosed. Founded in 1941, Marcus Insurance is a family-run agency with Mitch Marcus as president, and Zach Marcus as …

16 05, 2024

Flood-Prone Houston Faces a Deluge of More Rain: Weather Watch

By | May 16th, 2024|Uncategorized|Comments Off on Flood-Prone Houston Faces a Deluge of More Rain: Weather Watch

Heavy rain will sweep across eastern Texas into Louisiana and Mississippi on Thursday, raising flood risks across the Gulf of Mexico states. Flood watches have been posted from Dallas and Houston eastward across Louisiana and Mississippi. There is also an …

16 05, 2024

Storms Destroy Nearly 50 Homes in Southwestern Michigan: Officials

By | May 16th, 2024|Uncategorized|Comments Off on Storms Destroy Nearly 50 Homes in Southwestern Michigan: Officials

PORTAGE, Mich. (AP) — Nearly 50 homes were destroyed and dozens more were seriously damaged during severe weather last week in southwestern Michigan’s Kalamazoo County, authorities said Monday. The lost homes included 24 mobile homes near Portage, the county’s emergency …

16 05, 2024

People Moves: Klett Named President of Huntington Insurance, Inc.

By | May 16th, 2024|Uncategorized|Comments Off on People Moves: Klett Named President of Huntington Insurance, Inc.

Huntington Bancshares Incorporated, parent company of The Huntington National Bank, headquartered in Columbus, Ohio, appointed Angie Klett as president of Huntington Insurance, Inc. Current president Mary Beth Sullivan is retiring July 1 after nearly 20 years of service at Huntington. …

15 05, 2024

Insurance Research Council: Home Insurance Spend Outpaces Household Income Growth

By | May 15th, 2024|Uncategorized|Comments Off on Insurance Research Council: Home Insurance Spend Outpaces Household Income Growth

According to the Insurance Research Council (IRS), the average homeowners insurance expenditure has become less affordable for U.S. consumers over time. Looking at the the years 2001 to 2021—the latest year in which relevant data is available—homeowners spent about 2% …

14 05, 2024

Alphabet’s Waymo Probed by US After Autonomous Car Incidents

By | May 14th, 2024|Uncategorized|Comments Off on Alphabet’s Waymo Probed by US After Autonomous Car Incidents

The top US auto-safety regulator opened an investigation into Waymo, the autonomous-vehicle subsidiary of subsidiary of Alphabet Inc., after 22 incidents in which the company’s cars were involved in collisions or may have violated traffic laws. The US National Highway …

15 05, 2024

Britain Rejects Call to Ban Gagging Orders in Financial Services Sector

By | May 15th, 2024|Uncategorized|Comments Off on Britain Rejects Call to Ban Gagging Orders in Financial Services Sector

Britain’s Finance Ministry on Tuesday rejected a call to ban non-disclosure agreements (NDAs), which can be used to silence victims of sexual harassment and abuse, arguing that such clauses do not stop staff reporting concerns to authorities. A report on …

14 05, 2024

18 States Sue Over EEOC’s Policy on Transgender Workers

By | May 14th, 2024|Uncategorized|Comments Off on 18 States Sue Over EEOC’s Policy on Transgender Workers

A group of Republican-led U.S. states filed a lawsuit seeking to block the U.S. Equal Employment Opportunity Commission from enforcing broad legal protections for transgender workers. The 18 states filed the complaint in federal court in Knoxville, Tennessee, late Monday. …

14 05, 2024

Farmers to Resume Offering Key Lines of Business Insurance in California

By | May 14th, 2024|Uncategorized|Comments Off on Farmers to Resume Offering Key Lines of Business Insurance in California

Farmers Insurance says it will resume accepting new business commercial multi-peril applications for auto service & repair, habitational, manufacturing, real estate and wholesale distribution policies in California. The action follows the insurer group’s recent decision to lift its temporary moratorium …

15 05, 2024

Brazil States Ask Court to Double Amount Vale, BHP Should Pay for Mining Disaster

By | May 15th, 2024|Uncategorized|Comments Off on Brazil States Ask Court to Double Amount Vale, BHP Should Pay for Mining Disaster

Two Brazilian states have asked a court to more than double the amount that miners Vale and BHP, plus a jointly owned tie-up, must pay in damages for a 2015 deadly tailings dam failure, according to a legal document seen …