News Archives - Insurance Journal

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25 08, 2023

Goosehead Introduces Agency Launch Program for Recent College Graduates

By | August 25th, 2023|Uncategorized|Comments Off on Goosehead Introduces Agency Launch Program for Recent College Graduates

Goosehead Insurance announced the Agency Launch Program, a plan geared towards recent college graduates interested in acquiring the skills to own their own Goosehead Insurance franchise. The program promises professional development and networking opportunities, hands-on sales experience and coaching, and …

25 08, 2023

AM Best Revises Outlook to Negative for Iowa-Based Grinnell Mutual Group’s Credit Ratings

By | August 25th, 2023|Uncategorized|Comments Off on AM Best Revises Outlook to Negative for Iowa-Based Grinnell Mutual Group’s Credit Ratings

AM Best has revised the outlooks to negative from stable for the Long-Term Issuer Credit Ratings (Long-Term ICR) and affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term ICRs of “a+” (Excellent) for the members of Grinnell …

25 08, 2023

Washington Commissioner’s Orders Insurers to Extend Policyholders Protections for Wildfires

By | August 25th, 2023|Uncategorized|Comments Off on Washington Commissioner’s Orders Insurers to Extend Policyholders Protections for Wildfires

Washington state Insurance Commissioner Mike Kreidler issued an emergency order requiring all property/casualty insurers to provide additional protections for policyholders impacted by the Gray and Oregon Road fires. The emergency order was made possible by Gov. Jay Inslee’s emergency declaration. …

25 08, 2023

Uber Raises Minimum Age for Most California Drivers to 25 over Insurance Costs

By | August 25th, 2023|Uncategorized|Comments Off on Uber Raises Minimum Age for Most California Drivers to 25 over Insurance Costs

Uber raised the minimum age requirement for most of its new drivers in California to 25 on Thursday under rules the company said are necessary because of the rising costs of commercial auto insurance in the state. The new rule …

22 08, 2023

Severe Weather Set to Boost US Disaster Funding Needs, FEMA Says

By | August 22nd, 2023|Uncategorized|Comments Off on Severe Weather Set to Boost US Disaster Funding Needs, FEMA Says

Growing extreme-weather risks mean President Joe Biden’s expected request for billions in extra disaster-relief funding might not be enough for the next fiscal year, FEMA head Deanne Criswell said. Biden’s roughly $12 billion request would cover the spending year ending …

22 08, 2023

Buesnel to Step Down as CEO of Tysers as 1st Phase of AUB Ownership Is Completed

By | August 22nd, 2023|Uncategorized|Comments Off on Buesnel to Step Down as CEO of Tysers as 1st Phase of AUB Ownership Is Completed

Tysers, the London-based insurance broker and subsidiary of AUB Group, announced that CEO Clive Buesnel is stepping down at the end of August. As CEO since June 2020, Buesnel managed the company through its acquisition by AUB, a deal that …

22 08, 2023

New York Knicks Sue Toronto Raptors Alleging Stolen Scouting Reports

By | August 22nd, 2023|Uncategorized|Comments Off on New York Knicks Sue Toronto Raptors Alleging Stolen Scouting Reports

The New York Knicks sued the Toronto Raptors, claiming a former Knicks employee stole scouting reports and other proprietary information after getting a job offer at the rival National Basketball Association team. The Knicks filed suit Monday against the Raptors, …

22 08, 2023

Conditions Are Challenging, Claims Are Elevated, but Reinsurers’ Profits Return: Reports

By | August 22nd, 2023|Uncategorized|Comments Off on Conditions Are Challenging, Claims Are Elevated, but Reinsurers’ Profits Return: Reports

Despite extremely challenging conditions, with persistent and elevated claims activity, the global reinsurance segment returned an underwriting profit in 2022, according to AM Best. “Reinsurers generally have realigned their risk profiles and are in a strong position to generate the …

22 08, 2023

Russia’s Flagship Oil Rises Above G-7 Sanctions Cap, but Does Little to Impede Services

By | August 22nd, 2023|Uncategorized|Comments Off on Russia’s Flagship Oil Rises Above G-7 Sanctions Cap, but Does Little to Impede Services

The price of Russia’s flagship oil may have jumped above a Group of Seven imposed cap but that has done little to impede the provision of western services for the trade. The number of ships calling at the nation’s ports …

22 08, 2023

Third Child Dies Following House Fire in North Carolina

By | August 22nd, 2023|Uncategorized|Comments Off on Third Child Dies Following House Fire in North Carolina

CONCORD, N.C. (AP) — A third child has died following a weekend house fire in North Carolina, officials said. Fire-fighting crews were dispatched to a one-story public housing duplex in Concord, northeast of Charlotte, shortly after 1:00 a.m. Sunday. Firefighters …