News Archives - Insurance Journal

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19 07, 2023

No Injuries or Hazardous Spills in Minnesota Train Derailment, Officials Say

By | July 19th, 2023|Uncategorized|Comments Off on No Injuries or Hazardous Spills in Minnesota Train Derailment, Officials Say

COOK, Minn. (AP) – No one was injured and no hazardous material spilled when nine Canadian National Railway cars derailed in northern Minnesota, officials there said. The derailment happened just before 8:30 p.m. Monday in a rural, unpopulated area about …

19 07, 2023

Texas Mutual Insurance Company Awards Over $4 Million in Grants to Nonprofits

By | July 19th, 2023|Uncategorized|Comments Off on Texas Mutual Insurance Company Awards Over $4 Million in Grants to Nonprofits

Texas Mutual Insurance Company has awarded more than $4 million in grants to several Texas nonprofits, part of its commitment in community funding to nonprofit organizations. Texas Mutual has committed funding to nonprofit organizations in two categories—generational learning to support …

19 07, 2023

People Moves: E&S Casualty at Ascot Group U.S. Names Keller Senior Lead Underwriter

By | July 19th, 2023|Uncategorized|Comments Off on People Moves: E&S Casualty at Ascot Group U.S. Names Keller Senior Lead Underwriter

E&S Casualty at Ascot Group U.S. Names Keller Senior Lead Underwriter Ron Keller has been named senior lead underwriter, E&S Casualty at Ascot Group U.S. Keller is based in the Chicago, Ill., office and is responsible for the central region. …

19 07, 2023

Cancer Clusters Prompt Houston’s Multi-Million Dollar Plan to Relocate Affected Residents

By | July 19th, 2023|Uncategorized|Comments Off on Cancer Clusters Prompt Houston’s Multi-Million Dollar Plan to Relocate Affected Residents

HOUSTON (AP) – Houston plans to spend millions of dollars to relocate residents from neighborhoods located near a rail yard polluted by a cancer-linked wood preservative that has been blamed for an increase in cancer cases, the city’s mayor announced …

19 07, 2023

European Heat Wave Sees Temperatures Reaching 115F in Sardinia as Greece Burns

By | July 19th, 2023|Uncategorized|Comments Off on European Heat Wave Sees Temperatures Reaching 115F in Sardinia as Greece Burns

Europe baked in intense heat, with temperatures reaching almost 46C (115F) on the Italian island of Sardinia on Wednesday, as wildfires continued to rage in Greece. Authorities warned lives were in danger after the latest blast of Saharan heat saw …

19 07, 2023

Alaska Volcano Eruption Eases After Massive Ash Cloud

By | July 19th, 2023|Uncategorized|Comments Off on Alaska Volcano Eruption Eases After Massive Ash Cloud

An ongoing eruption of a remote volcano in Alaska’s Aleutian Islands produced an ash cloud so large this week that warnings were sent to pilots about potentially dangerous conditions. An ash cloud with an initial height of around 5.5 miles …

19 07, 2023

Containment of Massive Southern California Wildfire Grows

By | July 19th, 2023|Uncategorized|Comments Off on Containment of Massive Southern California Wildfire Grows

Fire crews built containment lines and patrolled for hot spots throughout the day on Wednesday to continue to keep a massive Southern California wildfire from growing. Containment on the Rabbit Fire grew to 55% with extreme heat and low humidity …

18 07, 2023

Insurers to Pay $15M to Settle Murdaugh Fatal Boat Crash Claims

By | July 18th, 2023|Uncategorized|Comments Off on Insurers to Pay $15M to Settle Murdaugh Fatal Boat Crash Claims

Insurers for the convenience store that sold beer to Paul Murdaugh have agreed to pay $15 million to settle the wrongful death suit stemming from the 2019 boat crash involving Murdaugh in which teenager Mallory Beach was killed. The convenience …

18 07, 2023

Workers’ Compensation Remains Profit Engine for U.S. P/C Insurers: AM Best

By | July 18th, 2023|Uncategorized|Comments Off on Workers’ Compensation Remains Profit Engine for U.S. P/C Insurers: AM Best

Workers’ compensation insurers’ underwriting results continued to outpace the rest of the U.S. property/casualty (P/C) commercial sector in 2022, as they benefited from the long-term decline in workplace accidents and a reduction in fraudulent claims, according to an AM Best …

18 07, 2023

Evertree Closes 3 Colorado Deals and Establishes Mountain Region

By | July 18th, 2023|Uncategorized|Comments Off on Evertree Closes 3 Colorado Deals and Establishes Mountain Region

Evertree Insurance Services LLC has acquired 1st American Insurance in Longmont, Colorado, Alliance Insurance Services in Arvada, Colorado, and The Banks Agency in Golden, Colorado. The transactions were closed on July 7, and establish Evertree’s presence in the Mountain Region. …