News Archives - Insurance Journal

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15 12, 2023

Oakbridge Expands with M D Iverson Group in Georgia

By | December 15th, 2023|Uncategorized|Comments Off on Oakbridge Expands with M D Iverson Group in Georgia

Oakbridge Insurance Agency has continued its expansion plans with the acquisition of M D Iverson Group, an Atlanta-area agency and brokerage that focuses on commercial products and high-net-worth individuals. M D Iverson will continue to operate its Fairburn, Georgia, office. …

15 12, 2023

Webster Bank to Buy Insurance Settlement Funds Administrator

By | December 15th, 2023|Uncategorized|Comments Off on Webster Bank to Buy Insurance Settlement Funds Administrator

Stamford, Connecticut-based Webster Bank has agreed to acquire Ametros Financial Corp., a Wilmington, Massachusetts-based custodian and administrator of medical funds from insurance claim settlements. The bank is acquiring the firm from funds managed by Long Ridge Equity Partners. Terms were …

15 12, 2023

Washington College Student Dies, Others Sickened in Apparent Carbon Monoxide Leak

By | December 15th, 2023|Uncategorized|Comments Off on Washington College Student Dies, Others Sickened in Apparent Carbon Monoxide Leak

Authorities brought in outside experts to find the source of carbon monoxide believed to have killed one student and sickened two others at a college in Washington. The experts, from a forensic engineering firm that specializes in carbon monoxide investigations, …

15 12, 2023

Home Depot Appeals to Get Defense Costs From CGL Policies for 2014 Breach

By | December 15th, 2023|Uncategorized|Comments Off on Home Depot Appeals to Get Defense Costs From CGL Policies for 2014 Breach

Think cyber events don’t have long tail? Consider this: Home Depot is still in a legal battle to get $50 million in coverage from two insurers nearly a decade after hackers used point-of-sale machines to hack the retailer. In a …

15 12, 2023

Alliant Expands with Three New VPs in the Southeast

By | December 15th, 2023|Uncategorized|Comments Off on Alliant Expands with Three New VPs in the Southeast

California-based Alliant Insurance Services, an insurance distributor with offices across the country, has expanded its staff in the Southeast. The firm said it had named Logan Jonston as vice president in its Alliant Americas division and will be based in …

15 12, 2023

NHTSA Takes Step Toward Requiring New Vehicles to Prevent Impaired or Drunk Driving

By | December 15th, 2023|Uncategorized|Comments Off on NHTSA Takes Step Toward Requiring New Vehicles to Prevent Impaired or Drunk Driving

U.S. auto safety regulators say they have taken the first step toward requiring devices in vehicles that prevent drunk or impaired driving. The National Highway Traffic Safety Administration announced on Tuesday that it is starting the process to put a …

15 12, 2023

Family of Chicago Woman Who Died in Hotel Freezer Accepts $10 Million Settlement

By | December 15th, 2023|Uncategorized|Comments Off on Family of Chicago Woman Who Died in Hotel Freezer Accepts $10 Million Settlement

CHICAGO (AP) – The family of a Chicago woman who froze to death after she became locked in a hotel freezer has agreed to a $10 million legal settlement. Kenneka Jenkins` mother, Tereasa Martin, will receive about $3.7 million, according …

15 12, 2023

Relation Insurance Acquires Kansas-Based Kane Insurance Agency

By | December 15th, 2023|Uncategorized|Comments Off on Relation Insurance Acquires Kansas-Based Kane Insurance Agency

Relation Insurance Services acquired the assets of Kane Insurance Agency. The transaction went into effect on December 1, 2023 and terms of the transaction were not disclosed. Serving Illinois individuals and businesses for more than 60 years, Kane is located …

15 12, 2023

Illinois Roofing Contractor Fined $275K for Failing to Provide Fall Protection

By | December 15th, 2023|Uncategorized|Comments Off on Illinois Roofing Contractor Fined $275K for Failing to Provide Fall Protection

Federal workplace safety inspectors found a Palatine, Illinois contractor did not provide roofing employees with required fall protection, exposing them to the risk of falls from elevation, the construction industry’s leading cause of workplace deaths, the Occupational Safety and Health …

15 12, 2023

Farmers Direct Asks for 20% Auto Rate Increase in West Virginia

By | December 15th, 2023|Uncategorized|Comments Off on Farmers Direct Asks for 20% Auto Rate Increase in West Virginia

The West Virginia Insurance Commissioner’s Office is accepting comments on a proposed 19.9% auto liability insurance rate increase for Farmers Direct Property and Casualty Insurance Co. The proposed increase is one of the latest in auto insurance price hikes across …