News Archives - Insurance Journal

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13 07, 2023

2023 Arkansas Insurance Hall of Fame Class Announced

By | July 13th, 2023|Uncategorized|Comments Off on 2023 Arkansas Insurance Hall of Fame Class Announced

The Arkansas Insurance Hall of Fame has announced the 2023 class of inductees. Six new inductees will be honored at the 2023 Induction Banquet on Thursday, Oct. 19, 2023 at the Health, Physical Education & Recreation (HPER) Center on the …

13 07, 2023

People Moves: Powers Hires Favazza as Commercial Lines Risk Management Advisor; Ryan Specialty Appoints D’Onofrio CEO and Alvin CUO

By | July 13th, 2023|Uncategorized|Comments Off on People Moves: Powers Hires Favazza as Commercial Lines Risk Management Advisor; Ryan Specialty Appoints D’Onofrio CEO and Alvin CUO

Powers Insurance & Risk Management Hires Favazza as Commercial Lines Risk Management Advisor Powers Insurance & Risk Management, headquartered in St. Louis, Mo., hired Giovanni “Johnny” Favazza as commercial lines risk management advisor. Prior to joining Powers, he worked as …

13 07, 2023

People Moves: Incline P&C Group Hires Gorney as COO

By | July 13th, 2023|Uncategorized|Comments Off on People Moves: Incline P&C Group Hires Gorney as COO

Incline P&C Group Hires Gorney as COO Incline P&C Group, headquartered in Austin, Texas, appointed George Gorney as chief operating officer. Gorney joins Incline from U.S. Risk Insurance Group, where he previously held the role of chief information officer and …

14 07, 2023

Forecasters Warn of ‘Life Threatening` Flash Flooding in Parts of Arkansas and Louisiana

By | July 14th, 2023|Uncategorized|Comments Off on Forecasters Warn of ‘Life Threatening` Flash Flooding in Parts of Arkansas and Louisiana

EMERSON, Ark. (AP) – Forecasters warned Wednesday of possible life threatening flash flooding in parts of southern Arkansas and northern Louisiana as heavy rain battered the region. The National Weather Service urged residents in four towns in Arkansas` Columbia County …

12 07, 2023

Report: Top Emerging Liability Trends in the Professional Services Sector

By | July 12th, 2023|Uncategorized|Comments Off on Report: Top Emerging Liability Trends in the Professional Services Sector

Inflation, new technology, evolving legislation and hackers for hire are just a few of the exposures facing professional services firms including management consultants, auditors, accountants, architects, engineers, solicitors and lawyers and media executives. A new report by Allianz Global Corporate …

12 07, 2023

Verlingue Acquires Majority Stake in Italian Broker INSER, Advancing European Strategy

By | July 12th, 2023|Uncategorized|Comments Off on Verlingue Acquires Majority Stake in Italian Broker INSER, Advancing European Strategy

Verlingue has acquired a majority stake in the insurance broker INSER, in line with its Verlingue 2024 strategic plan to create a major European, family-owned, independent insurance broker. Financial details of the deal were not disclosed. The INSER’s longstanding shareholder, …

12 07, 2023

Rain Eases After Flooding Vermont, Other Northeast States But More Expected

By | July 12th, 2023|Uncategorized|Comments Off on Rain Eases After Flooding Vermont, Other Northeast States But More Expected

A storm that left up to two months` worth of rain in Vermont and saturated other parts of the Northeast was moving out Tuesday, but more flooding was expected after already cutting off access to some communities, including the main …

12 07, 2023

Florida Boy Dies After Dog Attack, Ahead of New Law That Bars Local Bans on Pit Bulls

By | July 12th, 2023|Uncategorized|Comments Off on Florida Boy Dies After Dog Attack, Ahead of New Law That Bars Local Bans on Pit Bulls

A 6-year-old Florida boy has died after he was attacked by a pit bull-mix dog that lived in the same home. The North Port Police Department said the boy suffered extensive injuries to his upper torso and was flown to …

12 07, 2023

Landslide Tears Apart Luxury Homes on Southern California Peninsula

By | July 12th, 2023|Uncategorized|Comments Off on Landslide Tears Apart Luxury Homes on Southern California Peninsula

A landslide tore apart luxury homes on Southern California`s Palos Verdes Peninsula this week, leaving a confused jumble of collapsed roofs, shattered walls, tilted chimneys and decks dangling over an adjacent canyon. The slide in the Los Angeles County city …

12 07, 2023

Property Insurers’ Ratings Under Pressure as Risk Rises, Morningstar Says

By | July 12th, 2023|Uncategorized|Comments Off on Property Insurers’ Ratings Under Pressure as Risk Rises, Morningstar Says

The credit ratings of global property insurers are coming under pressure as rising reinsurance costs force them to cut back on cover and retain more risks themselves, DBRS Morningstar analysts said in a research note on Wednesday. Reinsurers, which insure …