News Archives - Insurance Journal

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15 02, 2023

FAA Forms Safety Review Team After Near Miss Incidents

By | February 15th, 2023|Uncategorized|Comments Off on FAA Forms Safety Review Team After Near Miss Incidents

The acting head of the Federal Aviation Administration (FAA) is forming a team of experts to review airline safety after several recent near miss incidents raised questions about the U.S. aviation system. Acting FAA Administrator Billy Nolen in a “call …

15 02, 2023

Unfavorable Reserve Development of $330M in January: Progressive

By | February 15th, 2023|Uncategorized|Comments Off on Unfavorable Reserve Development of $330M in January: Progressive

Progressive Corp. said net income for the month of January was $449.4 million compared with $25.8 million the same month in 2022 as gains on securities were $245.6 million from a loss of $348 million in January 2022. January net …

15 02, 2023

Holman Acquires Texas’ Park Wood Managers

By | February 15th, 2023|Uncategorized|Comments Off on Holman Acquires Texas’ Park Wood Managers

Holman, a global automotive services organization, today announced the acquisition of Plan, Texas-based Park Wood Managers, a leading underwriter and insurance provider for commercial trucking fleets. The addition of Park Wood Managers and the company’s portfolio of business assets allows …

15 02, 2023

Missouri Cattle Processor Cited for Exposing Workers to Potentially Lethal Carbon Dioxide Levels

By | February 15th, 2023|Uncategorized|Comments Off on Missouri Cattle Processor Cited for Exposing Workers to Potentially Lethal Carbon Dioxide Levels

Lone Jack, Mo. – A federal workplace safety investigation at a Lone Jack cattle processing plant – now cited seven times by inspectors for endangering workers since March 2020 – found employees exposed to high levels of carbon dioxide. Dry …

15 02, 2023

Arkansas Malpractice Bill Would Restrict Trans Youth Medical Care

By | February 15th, 2023|Uncategorized|Comments Off on Arkansas Malpractice Bill Would Restrict Trans Youth Medical Care

LITTLE ROCK, Ark. (AP) – Nearly two years after Arkansas became the first state to enact a now-blocked ban on gender-affirming care for minors, Republican lawmakers are trying to effectively reinstate the ban with a proposal Monday to make it …

15 02, 2023

Officials Urge Lead Tests for Kids of Minnesota Ammo Plant Workers

By | February 15th, 2023|Uncategorized|Comments Off on Officials Urge Lead Tests for Kids of Minnesota Ammo Plant Workers

ST. PAUL, Minn. (AP) – Minnesota health officials have urged workers at the Federal Ammunition company plant in Anoka to get their children tested for lead exposure after four kids with family members who work there were found to have …

14 02, 2023

Earthquakes in Turkey to Cost Insurers More Than $1 Billion, Verisk Estimates

By | February 14th, 2023|Uncategorized|Comments Off on Earthquakes in Turkey to Cost Insurers More Than $1 Billion, Verisk Estimates

Economic losses for the Feb. 6, 2023 earthquakes in Turkey will likely exceed US$20 billion, while insured losses will likely be more than US$1 billion, according to Extreme Event Solutions at Verisk (formerly AIR Worldwide). These estimates are based on …

14 02, 2023

J&J Talc Unit Faces Bankruptcy Judge After Tactic Rejected

By | February 14th, 2023|Uncategorized|Comments Off on J&J Talc Unit Faces Bankruptcy Judge After Tactic Rejected

Johnson & Johnson’s subsidiary shouldering talc-related lawsuits goes before a bankruptcy judge on Tuesday for the first time since a U.S. appeals court last month nixed the company’s attempt to offload the litigation into Chapter 11 proceedings. A three-judge panel …

14 02, 2023

People Moves: AGCS Creates Delegated Authority, Portfolio & Facilities Team; WTW Bolsters Exposure Mgmt, Climate Analytics Unit; IQUW Hires Jiang for Political Risk

By | February 14th, 2023|Uncategorized|Comments Off on People Moves: AGCS Creates Delegated Authority, Portfolio & Facilities Team; WTW Bolsters Exposure Mgmt, Climate Analytics Unit; IQUW Hires Jiang for Political Risk

This edition of International People Moves details appointments at Allianz Global Corporate & Specialty (AGCS), Willis Towers Watson (WTW), and Lloyd’s insurer IQUW. A summary of these new hire follows here. AGCS Creates Delegated Authority, Portfolio & Facilities Team, Led …

14 02, 2023

Ohio Train Derailment Prompts West Virginia Utility to Take Water Safety Steps

By | February 14th, 2023|Uncategorized|Comments Off on Ohio Train Derailment Prompts West Virginia Utility to Take Water Safety Steps

A West Virginia water utility is enhancing its water treatment process as a precaution following the derailment of a train hauling chemicals that later sent up a toxic plume in Ohio. West Virginia American Water said Sunday that it’s also …