News Archives - Insurance Journal

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13 11, 2023

Specialty Program Group Acquires Illinois’ Insurance Allies

By | November 13th, 2023|Uncategorized|Comments Off on Specialty Program Group Acquires Illinois’ Insurance Allies

Specialty Program Group LLC (SPG), an operator of specialty insurance brokerages and underwriting facilities, announced that it has acquired the assets of Insurance Allies LLC (Insurance Allies), an industry leader in the axe throwing and sports and entertainment industry operating …

9 11, 2023

Insurers Are Still Backing Oil and Gas Industry Despite Rising Climate Threat: Report

By | November 9th, 2023|Uncategorized|Comments Off on Insurers Are Still Backing Oil and Gas Industry Despite Rising Climate Threat: Report

Insurers are continuing to provide cover for increased oil and gas production even as they face large losses fueled by climate change, according to a new report. About 80% of the insurance market and 53% of the reinsurance market don’t …

9 11, 2023

Russian Missile Strike on Merchant Ship Threatens Ukraine’s Exports

By | November 9th, 2023|Uncategorized|Comments Off on Russian Missile Strike on Merchant Ship Threatens Ukraine’s Exports

A Russian missile strike on a commercial ship at a major Ukrainian Black Sea port is adding to risks for commodity exports just as farmers in the war-battered nation are in the midst of this year’s harvest. A 750-feet iron …

9 11, 2023

Lawsuit Claims Victims of Sexual Abuse and Rape at Shuttered Arkansas Facility

By | November 9th, 2023|Uncategorized|Comments Off on Lawsuit Claims Victims of Sexual Abuse and Rape at Shuttered Arkansas Facility

LITTLE ROCK, Ark. (AP) – Eight former residents of a youth treatment center that was run by an Arkansas man whose bribery conviction was commuted by former President Donald Trump have filed a lawsuit claiming they were victims of “systematic …

9 11, 2023

Risk Strategies Acquires New York’s Prince Associates

By | November 9th, 2023|Uncategorized|Comments Off on Risk Strategies Acquires New York’s Prince Associates

National specialty broker Risk Strategies has added a Long Island commercial lines agency to its roster. Boston-based Risk Strategies announced its acquisition of Prince Associates, Inc., a multi-line retail independent insurance agency founded in 1964 and based in Hicksville, New …

9 11, 2023

UN Chief Says It Will Be Difficult to Revive Black Sea Grain Deal

By | November 9th, 2023|Uncategorized|Comments Off on UN Chief Says It Will Be Difficult to Revive Black Sea Grain Deal

United Nations Secretary-General Antonio Guterres told Reuters NEXT on Wednesday that it will be difficult to revive a landmark deal that allowed the safe Black Sea export of Ukraine grain, which Russia quit in July over complaints about its own …

9 11, 2023

Liberty Mutual Records $219M Q3 Net Income

By | November 9th, 2023|Uncategorized|Comments Off on Liberty Mutual Records $219M Q3 Net Income

Liberty Mutual Holding Co. on Thursday reported third quarter net income of $219 million, reversing a loss of $353 million a year ago during the same time. “Solid underwriting results in our Global Risk Solutions business and the tailwind from …

9 11, 2023

Peace Corps to Pay $750,000 in Settlement to Family of Illinois Woman Who Died After Misdiagnosis in East Africa

By | November 9th, 2023|Uncategorized|Comments Off on Peace Corps to Pay $750,000 in Settlement to Family of Illinois Woman Who Died After Misdiagnosis in East Africa

The Peace Corps has agreed to pay $750,000 to the family of a 24-year-old volunteer from Illinois who died in 2018 in East Africa after the agency’s doctors misdiagnosed a case of malaria, a law firm announced Tuesday. Bernice Heiderman …

10 11, 2023

Markets/Coverages: Florida Citizens Taps Verisk Aerial Imagery for Underwriting

By | November 10th, 2023|Uncategorized|Comments Off on Markets/Coverages: Florida Citizens Taps Verisk Aerial Imagery for Underwriting

Verisk, a global data analytics and technology provider, announced that Citizens Property Insurance Corp., the residual, not-for-profit insurer in Florida, will adopt Verisk’s aerial imagery analytics solution. The move is designed to help provide Citizens a more comprehensive view of …

6 11, 2023

US Cities Consider Banning Right Turn On Red Amid Rising Pedestrian Deaths

By | November 6th, 2023|Uncategorized|Comments Off on US Cities Consider Banning Right Turn On Red Amid Rising Pedestrian Deaths

CHICAGO (AP) __ Sophee Langerman was on her way to a bicycle safety rally in Chicago’s Lakeview neighborhood in June when a car turning right rolled through a red light and slammed into her bike, which she was walking off …