News Archives - Insurance Journal

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1 09, 2023

People Moves: Greaves Joins Fred C. Church From MIT; Connecticut Big I Elects Jones

By | September 1st, 2023|Uncategorized|Comments Off on People Moves: Greaves Joins Fred C. Church From MIT; Connecticut Big I Elects Jones

Greaves Joins Fred C. Church Insurance Commercial Lines Fred C. Church Insurance, headquartered in Lowell, Mass., hired Damual Greaves to its education team as a client executive. Greaves joins Fred C. Church after serving in various risk management roles at …

1 09, 2023

Fake Spare Parts Were Supplied to Fix Top-Selling Jet Engine

By | September 1st, 2023|Uncategorized|Comments Off on Fake Spare Parts Were Supplied to Fix Top-Selling Jet Engine

European aviation regulators have determined that an obscure London-based company supplied bogus parts for repairs of jet engines that power many older-generation Airbus SE A320 and Boeing Co. 737 planes. Manufacturing partners General Electric Co. and Safran SA have been …

1 09, 2023

Symington Officially Takes Over as CEO of Big I

By | September 1st, 2023|Uncategorized|Comments Off on Symington Officially Takes Over as CEO of Big I

Charles Symington is the new president and chief executive of the Independent Insurance Agents & Brokers of America (the Big I), effective Sept. 1. Last September, Symington was promoted to executive vice president and selected to succeed Bob Rusbuldt, who …

1 09, 2023

AM Best: Idalia Will Put Pressure on Underwriting Results, Could Tighten Reinsurance

By | September 1st, 2023|Uncategorized|Comments Off on AM Best: Idalia Will Put Pressure on Underwriting Results, Could Tighten Reinsurance

Hurricane Idalia, with estimates of insured losses as low as $2 billion, will nonetheless affect underwriting results for a number of carriers, the AM Best financial rating firm said in a report released Friday. “Hurricane Idalia will most likely be …

1 09, 2023

USDA Introduces New Grapevine Insurance Program

By | September 1st, 2023|Uncategorized|Comments Off on USDA Introduces New Grapevine Insurance Program

The U.S. Department of Agriculture announced a new grapevine insurance program within its crop insurance solutions. The program will provide coverage for loss of grafted vines caused by natural perils such as freeze, fire, hail and flood. The program, which …

1 09, 2023

How Much Would Carbon Damage Cost if Corporations Paid for Their Emissions?

By | September 1st, 2023|Uncategorized|Comments Off on How Much Would Carbon Damage Cost if Corporations Paid for Their Emissions?

The world’s corporations produce so much climate change pollution, it could eat up about 44% of their profits if they had to pay damages for it, according to a study by economists of nearly 15,000 public companies. The “corporate carbon …

1 09, 2023

Georgia Sheriff Killed Responding to a Call When Car Hits Tree and Overturns

By | September 1st, 2023|Uncategorized|Comments Off on Georgia Sheriff Killed Responding to a Call When Car Hits Tree and Overturns

ABBEVILLE, Ga. (AP) — A central Georgia sheriff responding to a call for service was killed when his car went off the road, hit a tree and overturned, authorities said. Wilcox County Sheriff Robert Rodgers died Tuesday afternoon after the …

1 09, 2023

Tampa Bay Gets Flooding But Again Dodges Direct Hit. Protected by Native Spirits?

By | September 1st, 2023|Uncategorized|Comments Off on Tampa Bay Gets Flooding But Again Dodges Direct Hit. Protected by Native Spirits?

Last year it was Hurricane Ian that drew a bead on Tampa Bay before abruptly shifting east to strike southwest Florida more than 130 miles away. This time it was Hurricane Idalia, which caused some serious flooding as it sideswiped …

1 09, 2023

No Injuries Reported in Train Derailment, Partial Rail Bridge Collapse in South Dakota

By | September 1st, 2023|Uncategorized|Comments Off on No Injuries Reported in Train Derailment, Partial Rail Bridge Collapse in South Dakota

NORTH SIOUX CITY, S.D. (AP) – No injuries or hazardous spills have been reported in a train derailment in a southeastern South Dakota town that also saw a rail bridge partially collapse. The derailment happened shortly before 4 p.m. Wednesday …

1 09, 2023

Kansas Police Chief Faces Lawsuit Over Alleged Seizure of Reporter’s Cellphone During Newspaper Raid

By | September 1st, 2023|Uncategorized|Comments Off on Kansas Police Chief Faces Lawsuit Over Alleged Seizure of Reporter’s Cellphone During Newspaper Raid

One of the reporters who works at the small Kansas newspaper that was raided by authorities earlier this month filed a federal lawsuit against the police chief Wednesday. Deb Gruver believes Marion Police Chief Gideon Cody violated her constitutional rights …