News Archives - Insurance Journal

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13 12, 2024

Swiss Re Targets Net Income of More Than US$4.4 billion for 2025

By | December 13th, 2024|Uncategorized|Comments Off on Swiss Re Targets Net Income of More Than US$4.4 billion for 2025

Swiss Re is targeting a net income of more than US$4.4 billion for 2025 and aims to grow the ordinary dividend per share by 7% or more per year over the next three years while maintaining its multi-year IFRS ROE …

4 12, 2024

Minnesota Company Fined $730K After Worker Drowns Removing Lake Weed

By | December 4th, 2024|Uncategorized|Comments Off on Minnesota Company Fined $730K After Worker Drowns Removing Lake Weed

The Minnesota Department of Labor and Industry’s (DLI’s) Minnesota OSHA (MNOSHA) Compliance announced it has has issued a $730,000 penalty to Your Lake Aquatic Plant Management, LLC, in Columbia Heights, Minnesota, for commercial diving standard violations after a worker drowned …

10 12, 2024

Trucordia Acquires Business of Virginia’s Archibald Insurance

By | December 10th, 2024|Uncategorized|Comments Off on Trucordia Acquires Business of Virginia’s Archibald Insurance

Utah-basrd insurance broker Trucordia has acquired the insurance business of Archibald Insurance, an agency with offices in Richmond, Midlothian and North Chesterfield, Virginia. Archibald Insurance offers personal and commercial insurance. By joining Trucordia, the Archibald team seeks to access expanded …

10 12, 2024

Study: A Meter of Sea Rise Could Impact $1 Trillion in Property on Southeast Coast

By | December 10th, 2024|Uncategorized|Comments Off on Study: A Meter of Sea Rise Could Impact $1 Trillion in Property on Southeast Coast

A meter of sea level rise by 2100 would affect more than 14 million people and $1 trillion worth of property along the Southeast Atlantic coast, a new study shows. A recent study published in the journal Nature Climate Change …

10 12, 2024

Alliant Acquires Union First in California

By | December 10th, 2024|Uncategorized|Comments Off on Alliant Acquires Union First in California

Alliant Insurance Services acquired Union First in Irvine, California. Union First will join Alliant’s Employee Benefits Group – West Region. Union First is a benefits consulting and third-party administration firm serving public safety labor associations, including police, firefighters and deputy …

4 12, 2024

Judge Dismisses Suit Over Savannah Outlawing Guns Left in Unlocked Cars

By | December 4th, 2024|Uncategorized|Comments Off on Judge Dismisses Suit Over Savannah Outlawing Guns Left in Unlocked Cars

SAVANNAH, Ga. (AP) — A judge has thrown out a lawsuit by a Georgia gun owner who sought to challenge a Savannah city ordinance that imposes fines and potential jail time for people who leave firearms inside unlocked cars. The …

20 12, 2024

Global Warming Can’t Be Ignored, Montana’s Top Court Says, Upholding Landmark Climate Case

By | December 20th, 2024|Uncategorized|Comments Off on Global Warming Can’t Be Ignored, Montana’s Top Court Says, Upholding Landmark Climate Case

Montana’s Supreme Court upheld a landmark climate ruling that said the state was violating residents’ constitutional right to a clean environment by permitting oil, gas and coal projects without regard for global warming. The justices, in a 6-1 ruling, rejected …

4 12, 2024

People Moves: Brecht & Associates Names Jennifer Brecht as President and COO

By | December 4th, 2024|Uncategorized|Comments Off on People Moves: Brecht & Associates Names Jennifer Brecht as President and COO

Brecht & Associates announced the promotion of Jennifer Brecht to president and COO. Brecht has held various leadership positions, most recently as vice president of finance and marketing. Brecht was recently appointed to the Board of Directors of the Texas …

10 12, 2024

Insurers’ Climate Losses Almost Match Premiums From Fossil Fuels

By | December 10th, 2024|Uncategorized|Comments Off on Insurers’ Climate Losses Almost Match Premiums From Fossil Fuels

Top insurance companies suffered $10.6 billion of climate-attributed losses this year, just shy of the $11.3 billion of direct premiums they underwrote for commercial fossil-fuel clients in 2023, according to Insure Our Future. Of the 28 insurers reviewed, more than …

10 12, 2024

People Moves: DUAL North America Appoints Casualty Underwriting Leaders

By | December 10th, 2024|Uncategorized|Comments Off on People Moves: DUAL North America Appoints Casualty Underwriting Leaders

DUAL North America, headquartered in Naples, Florida, appointed Andreas Graham as executive vice president of the EIURS team, a division of DUAL, and Ed Frey as senior vice president of professional liability. Based in Boston, Graham will lead the EIURS …