News Archives - Insurance Journal

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13 07, 2023

World Insurance Acquires New Jersey Transportation Agency, Shield Insurance

By | July 13th, 2023|Uncategorized|Comments Off on World Insurance Acquires New Jersey Transportation Agency, Shield Insurance

Insurance broker World Insurance Associates said it acquired the business of Shield Insurance Services of Freehold, New Jersey on June 1, 2023. Shield specializes in commercial insurance to the transportation sector, with a particular focus in the moving and storage …

13 07, 2023

North Carolina Medical Marijuana Bill Likely Dead for This Year

By | July 13th, 2023|Uncategorized|Comments Off on North Carolina Medical Marijuana Bill Likely Dead for This Year

Legislation that would legalize marijuana use for medicinal purposes in North Carolina is probably dead for the rest of this year`s General Assembly session, House Speaker Tim Moore said Tuesday, citing opposition by many fellow Republicans in his chamber. A …

13 07, 2023

WV Governor’s Coal Mines Agree to Catch Up on $5M in Safety Violation Fines

By | July 13th, 2023|Uncategorized|Comments Off on WV Governor’s Coal Mines Agree to Catch Up on $5M in Safety Violation Fines

Nearly two dozen companies owned by West Virginia Gov. Jim Justice have agreed to catch up on fines owed to the U.S. government from a 2020 settlement over unsafe working conditions at his coal mines, according to a federal court …

13 07, 2023

Order Up: Next Florida Citizens Takeout Deadline is July 28

By | July 13th, 2023|Uncategorized|Comments Off on Order Up: Next Florida Citizens Takeout Deadline is July 28

Florida regulators are reminding carriers that the deadline to participate in the November round of takeouts from Citizens Property Insurance Corp. is fast approaching. Carriers must submit an application by July 28, the Florida Office of Insurance Regulation said in …

13 07, 2023

Arthur J. Gallagher Acquires Benchmark Commercial Insurance Services in California

By | July 13th, 2023|Uncategorized|Comments Off on Arthur J. Gallagher Acquires Benchmark Commercial Insurance Services in California

Arthur J. Gallagher & Co. acquired Carlsbad, California-based Benchmark Commercial Insurance Services. Robert Cohen and his team will remain in their current location under the direction of Scott Firestone, head of Gallagher’s Southwest region retail property/casualty brokerage operations. Benchmark is …

13 07, 2023

People Moves: Romeo to Lead Axis US Marine Cargo Launch; Verisk Names Vaughan Chief Privacy Officer

By | July 13th, 2023|Uncategorized|Comments Off on People Moves: Romeo to Lead Axis US Marine Cargo Launch; Verisk Names Vaughan Chief Privacy Officer

Axis Capital Holdings Limited said Frank Romeo will lead the company’s entry into the US marine cargo insurance market. Romeo is responsible for building the program and identifying growth opportunities, with a targeted product launch in the second half of …

13 07, 2023

Miami-Dade Warns About Window Screws that Don’t Meet Code

By | July 13th, 2023|Uncategorized|Comments Off on Miami-Dade Warns About Window Screws that Don’t Meet Code

The Miami-Dade County building inspection department is warning about imitation window screws that have failed to pass crucial tests and may not meet the county’s famously rigorous wind-load requirements. The Miami Herald reported Thursday that the building department put out …

13 07, 2023

3 Dead, 14 Injured in Illinois Crash Involving Greyhound Bus and Tractor-Trailers

By | July 13th, 2023|Uncategorized|Comments Off on 3 Dead, 14 Injured in Illinois Crash Involving Greyhound Bus and Tractor-Trailers

HIGHLAND, Ill. (AP) __ Three people were killed and 14 others injured, some seriously, early Wednesday when a Greyhound bus crashed into three tractor- trailers parked along a highway exit to a rest area in southern Illinois, state police said. …

13 07, 2023

Founder of Crypto Lender Celsius Network Arrested, Charged With Fraud

By | July 13th, 2023|Uncategorized|Comments Off on Founder of Crypto Lender Celsius Network Arrested, Charged With Fraud

Alex Mashinsky, the founder and former CEO of bankrupt cryptocurrency lender Celsius Network, was arrested and charged with fraud, a U.S. prosecutor in New York said Thursday morning, as three federal regulatory agencies sued him and his company. Mashinsky, 57, …

13 07, 2023

Progressive Returns to Positive Net Income in Q2

By | July 13th, 2023|Uncategorized|Comments Off on Progressive Returns to Positive Net Income in Q2

Second quarter net income at Progressive Corp. was $345.4 million, reversing a loss of nearly $543 million during the same quarter in 2022, as net income in June was about $41 million compared to a loss of nearly $437 million …