News Archives - Insurance Journal

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7 08, 2023

Howden’s DUAL Acquires Equestrian Specialist MGA David Ashby Underwriting

By | August 7th, 2023|Uncategorized|Comments Off on Howden’s DUAL Acquires Equestrian Specialist MGA David Ashby Underwriting

DUAL, the London-based managing general agent, announced the acquisition of David Ashby Underwriting Ltd. (DAU), an MGA that specializes in bloodstock and high value sports horse insurance. Financial details of the deal were not disclosed. DUAL said, the acquisition cements …

7 08, 2023

Compensation for New Mexico Wildfire Victims Tops $14M and is Climbing

By | August 7th, 2023|Uncategorized|Comments Off on Compensation for New Mexico Wildfire Victims Tops $14M and is Climbing

More victims of a devastating wildfire sparked last year by the U.S. Forest Service in northern New Mexico are getting compensated, with payouts to landowners totaling more than $14 million as of early next week, federal emergency managers said. Congress …

7 08, 2023

Hospitals, Clinics in Several States Begin Recovery After Cyberattacks

By | August 7th, 2023|Uncategorized|Comments Off on Hospitals, Clinics in Several States Begin Recovery After Cyberattacks

Hospitals and clinics in several states on Friday began the time-consuming process of recovering from a cyberattack that disrupted their computer systems, forcing some emergency rooms to shut down and ambulances to be diverted. Many primary care services at facilities …

7 08, 2023

Ukraine Black Sea Attacks Signal Expanding War; Russia Insurance Costs Likely to Rise

By | August 7th, 2023|Uncategorized|Comments Off on Ukraine Black Sea Attacks Signal Expanding War; Russia Insurance Costs Likely to Rise

The footprint of President Vladimir Putin’s war on Ukraine is growing fast after a weekend in which sea drones crippled a Russian naval vessel and oil tanker. For the first time, the attacks put at risk Russia’s commodity exports via …

7 08, 2023

Britain to Create New Regime to Deal With Big Insurance Company Failures

By | August 7th, 2023|Uncategorized|Comments Off on Britain to Create New Regime to Deal With Big Insurance Company Failures

Britain said on Wednesday [Aug. 2] it would start work on setting up new rules specially designed to prevent a big insurance company collapse from crashing the financial system. Regulators have already introduced rules to deal with ailing banks after …

7 08, 2023

Washington Dollar Tree Store Fined for Worker Safety Violations

By | August 7th, 2023|Uncategorized|Comments Off on Washington Dollar Tree Store Fined for Worker Safety Violations

Dollar Tree company is facing $132,000 in state fines for reported work safety violations including locked emergency exit routes, improper stacking of boxes, and debris scattered on the The fine is in connection with violations at the Tacoma Central Plaza …

7 08, 2023

Banking Industry Starts to Pick Its Battles Against New Capital Rules

By | August 7th, 2023|Uncategorized|Comments Off on Banking Industry Starts to Pick Its Battles Against New Capital Rules

Now that regulators in Washington have unfurled a hefty reform package of post-financial crisis capital regulations, banking industry advisers are honing in on what they consider most disruptive, including risk management requirements that could affect real estate lending, consumer credit …

7 08, 2023

People Moves: Frank Joins the WCF Insurance Board in Utah

By | August 7th, 2023|Uncategorized|Comments Off on People Moves: Frank Joins the WCF Insurance Board in Utah

WCF Insurance appointed Jan Frank to the company’s board of directors for a four-year term. Frank’s experience in the trade spans almost three decades. Most recently, she was chair, CEO, and president of Pacific Compensation Insurance Company, a California specialty …

7 08, 2023

NY Lawmakers Vow to Block Property Insurers from Asking About Subsidized Tenants

By | August 7th, 2023|Uncategorized|Comments Off on NY Lawmakers Vow to Block Property Insurers from Asking About Subsidized Tenants

Three New York legislators said they plan on pushing bills next year that would bar property insurers from requesting information about subsidized housing, a practice that discriminates, an NYC news outlet reported. The Gothamist, a non-profit news organization affiliated with …

7 08, 2023

Judge Tosses Fraud Case Against Exec in SC Nuclear Debacle, But New Case Could Follow

By | August 7th, 2023|Uncategorized|Comments Off on Judge Tosses Fraud Case Against Exec in SC Nuclear Debacle, But New Case Could Follow

A judge has ordered criminal charges dropped against the final executive accused of lying about problems building two nuclear reactors in South Carolina that were abandoned without generating a watt of power. The judge tossed the charges Wednesday because ratepayers …