News Archives - Insurance Journal

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11 07, 2023

Flash Floods Rage in Vermont, New York; Woman Killed; Economic Impact Could Hit $5B

By | July 11th, 2023|Uncategorized|Comments Off on Flash Floods Rage in Vermont, New York; Woman Killed; Economic Impact Could Hit $5B

Torrential downpours unleashed flash floods on the U.S. Northeast on Monday that washed out roadways, overwhelmed rivers, prompted 50 swift boat rescues and killed a woman who was swept away in front of her fiancé, officials said. More than 13 …

11 07, 2023

Jurors Urged to Impose Heavy Punitive Damages in J&J Talc Trial

By | July 11th, 2023|Uncategorized|Comments Off on Jurors Urged to Impose Heavy Punitive Damages in J&J Talc Trial

Lawyers for a California man who says he developed a rare cancer from exposure to asbestos in Johnson & Johnson’s talc-based baby powder on Monday urged a jury to order the company to pay heavy punitive damages, calling its conduct …

11 07, 2023

12 Southern California Homes Evacuated After Ground Shifts

By | July 11th, 2023|Uncategorized|Comments Off on 12 Southern California Homes Evacuated After Ground Shifts

Twelve homes were evacuated in a Los Angeles-area city after a major ground shift put them at risk of collapse, officials said. Janice Hahn, chair of the Los Angeles County Board of Supervisors, visited Rolling Hills Estates, a city 19 …

11 07, 2023

People Moves: WTW Names Mascaro Hospitality Leader; Leach SVP, Founder of K2 Financial US Ops; MEMIC Hires Underwriters

By | July 11th, 2023|Uncategorized|Comments Off on People Moves: WTW Names Mascaro Hospitality Leader; Leach SVP, Founder of K2 Financial US Ops; MEMIC Hires Underwriters

WTW announced the appointment of Juan Mascaro as hospitality segment leader, a part of the Real Estate, Hospitality, and Leisure Division within Corporate Risk and Broking (CRB), North America. Mascaro has more than two decades of insurance industry experience in …

11 07, 2023

People Moves: Stephens Names Alabama-based Green Head of Cyber Risk

By | July 11th, 2023|Uncategorized|Comments Off on People Moves: Stephens Names Alabama-based Green Head of Cyber Risk

Stephens Insurance LLC has named Mark Green, of Alabama, as senior vice president for cyber risk, the company announced. Stephens, headquartered in Little Rock, Arkansas, said Green has more than 20 years of experience in the insurance business, most recently …

11 07, 2023

Gensler Asserts SEC Authority Over Crypto as Opponents Waver

By | July 11th, 2023|Uncategorized|Comments Off on Gensler Asserts SEC Authority Over Crypto as Opponents Waver

Gary Gensler’s Securities and Exchange Commission is filling the crypto regulatory void, and the industry and its backers on Capitol Hill have so far been unable to check him. The tide was supposed to turn when Republicans gained control over …

11 07, 2023

Minor Quakes Rattle Parts of East Tennessee, Virginia

By | July 11th, 2023|Uncategorized|Comments Off on Minor Quakes Rattle Parts of East Tennessee, Virginia

Multiple, minor earthquakes have been reported in western North Carolina in recent months but now they’re being felt in Tennessee and Virginia, the U.S. Geological Survey has reported. A 2.2-magnitude quake happened Friday evening near Sevierville, in eastern Tennessee, not …

6 07, 2023

Georgia Trial Lawyer Surrenders License After Using Insurance Settlement Proceeds

By | July 6th, 2023|Uncategorized|Comments Off on Georgia Trial Lawyer Surrenders License After Using Insurance Settlement Proceeds

The Georgia Supreme Court has accepted the voluntary license surrender of a plaintiffs’ attorney who had been in practice for more than 45 years. Richard L. Middleton Jr., of Savannah, acknowledged that he had violated Georgia Bar rules by using …

6 07, 2023

AM Best Issues Improved Outlooks for Barnstable Group in Massachusetts

By | July 6th, 2023|Uncategorized|Comments Off on AM Best Issues Improved Outlooks for Barnstable Group in Massachusetts

AM Best has revised its outlooks to stable from negative and affirmed its Financial Strength Rating of A (Excellent) and Long-Term Issuer Credit Ratings of “a” (Excellent) for the members of Barnstable Group, which includes Barnstable County Mutual Insurance Co. …

6 07, 2023

A.J. Gallagher Acquires The Andersen Group in Virginia

By | July 6th, 2023|Uncategorized|Comments Off on A.J. Gallagher Acquires The Andersen Group in Virginia

Global insurance broker Arthur J. Gallagher & Co. announced it has acquired Chantilly, Virginia-based The Andersen Group. The Andersen Group is a retail insurance agency serving non-profit trade associations, government contractors and engineering services companies in the greater Washington, D.C. …