News Archives - Insurance Journal

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21 08, 2023

How Satellites Are Helping Farmers Adapt to Climate Crisis

By | August 21st, 2023|Uncategorized|Comments Off on How Satellites Are Helping Farmers Adapt to Climate Crisis

When to harvest is one of the most crucial decisions a winemaker can make. Too early, and the result is bitter. Too late, and it’s overly sweet. It’s a delicate balance—one that’s increasingly being upended by the climate crisis. In …

21 08, 2023

Maui Fire Lays Bare Utility Missteps Mirrored Across the Country

By | August 21st, 2023|Uncategorized|Comments Off on Maui Fire Lays Bare Utility Missteps Mirrored Across the Country

When flames ripped through the drought-parched town of Paradise in 2018, destroying homes and killing 85 in California’s deadliest-ever wildfire, it was a wake-up call to power companies across the country. Electric lines would ultimately be blamed for the blaze, …

21 08, 2023

Fire Tears Through Historic Block Island Hotel Off Rhode Island Coast

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A fire tore through a historic hotel early Saturday on Block Island, prompting officials on the summer vacation spot off the coast of Rhode Island to declare a state of emergency and urge the public to stay away. The fire …

21 08, 2023

Rare New England Tornado Damages Homes, Floods Roads, Topples Trees

By | August 21st, 2023|Uncategorized|Comments Off on Rare New England Tornado Damages Homes, Floods Roads, Topples Trees

A rare Rhode Island tornado lifted a car off an interstate highway Friday as severe weather swept already storm-weary New England, damaging homes, flooding roads and toppling trees. Tornadoes were reported in several spots in the same general area of …

21 08, 2023

Oakbridge Acquires Georgia-based Cole Agency

By | August 21st, 2023|Uncategorized|Comments Off on Oakbridge Acquires Georgia-based Cole Agency

Oakbridge Insurance Agency, one of the larger independent agencies in the country, has expanded again with the acquisition of the Cole Agency in Montezuma, Georgia. Cole has specialized in poultry insurance since 1989 but also offers coverage plans for others …

21 08, 2023

Police Respond to ‘Chaos’ as Florida Condo Owners Outraged Over Higher Insurance Fees

By | August 21st, 2023|Uncategorized|Comments Off on Police Respond to ‘Chaos’ as Florida Condo Owners Outraged Over Higher Insurance Fees

Shouts, shoves and chaos broke out and police had to be called when condominium owners in Pembroke Pines, Florida, objected to being shut out of an association meeting called to discuss higher fees due to spiking insurance premiums. Fortune magazine …

21 08, 2023

National Drunk Driving Fatalities Surge in 2021

By | August 21st, 2023|Uncategorized|Comments Off on National Drunk Driving Fatalities Surge in 2021

The number of national drunk driving fatalities increased in 2021, according to a new report by online driver education platform Zutobi. In its analysis, Zutobi shared that 13,386 deaths were attributed to drunk driving in 2021, accounting for 31% of …

21 08, 2023

Private Flood Insurers See Opportunity as NFIP Increases Rates

By | August 21st, 2023|Uncategorized|Comments Off on Private Flood Insurers See Opportunity as NFIP Increases Rates

While the National Flood Insurance Program (NFIP) rolls out a new rating program generating premium increases for many policyholders, the private flood insurance market has seized the opportunity to grow its market share across the U.S., according to an issues …

21 08, 2023

US Insurance Giant Marsh Set for $448 Million Honan Deal

By | August 21st, 2023|Uncategorized|Comments Off on US Insurance Giant Marsh Set for $448 Million Honan Deal

Marsh has agreed to acquire Honan Insurance Group Pty Ltd. as the US insurance broker giant seeks to expand its presence in Australia and New Zealand. The Marsh & McLennan Cos Inc. unit has signed a deal to buy out …

21 08, 2023

Ukraine Weighs Using New Black Sea Export Corridor for Grain Shipments

By | August 21st, 2023|Uncategorized|Comments Off on Ukraine Weighs Using New Black Sea Export Corridor for Grain Shipments

Ukraine is considering using its newly tested wartime Black Sea export corridor for grain shipments after other cargo ships follow the first successful evacuation of a vessel on the route last week, a senior agricultural official said on Monday. Russia …