News Archives - Insurance Journal

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1 02, 2023

Marsh McLennan Names Tomlinson CEO for U.S. and Canada

By | February 1st, 2023|Uncategorized|Comments Off on Marsh McLennan Names Tomlinson CEO for U.S. and Canada

Marsh McLennan said it has named Pat Tomlinson CEO of U.S. and Canada. He, along with Flavio Piccolomini, who was appointed International CEO, will report to Mercer President and CEO Martine Ferland and Marsh President and CEO Martin South as …

2 02, 2023

ION Trading UK Indicates Cyber Attack Could Take 2-3 Days to Resolve

By | February 2nd, 2023|Uncategorized|Comments Off on ION Trading UK Indicates Cyber Attack Could Take 2-3 Days to Resolve

ION Trading UK, the software firm hit by a cyberattack, has indicated it could take two to three days to resolve the situation, people familiar with the matter said. The London-based firm gave that time frame to some of the …

2 02, 2023

Thousands of Nigerians Join Landmark Lawsuit Against Shell in UK

By | February 2nd, 2023|Uncategorized|Comments Off on Thousands of Nigerians Join Landmark Lawsuit Against Shell in UK

More than 13,500 Nigerians joined their communities in a lawsuit against Shell Plc before a landmark UK trial that could have far-reaching implications for parent-company responsibility over the actions of foreign subsidiaries. The residents of the crude-rich Niger Delta are …

1 02, 2023

Texas Winter Storm Brings Slick Roadways, Power Outages

By | February 1st, 2023|Uncategorized|Comments Off on Texas Winter Storm Brings Slick Roadways, Power Outages

More than a quarter-million businesses and households in Central and East Texas did not have power Wednesday morning as a winter storm persisted, immobilizing portions of the state with slick roadways and freezing temperatures. Approximately 258,411 customers, out of about …

2 02, 2023

Allstate Reports $310M Q4 Loss as Auto Claims Costs Motor Past Rate Hikes

By | February 2nd, 2023|Uncategorized|Comments Off on Allstate Reports $310M Q4 Loss as Auto Claims Costs Motor Past Rate Hikes

As it had warned last month, Allstate Corp. reported a fourth quarter 2022 loss of $310 million as losses from auto insurance outpaced an increase in revenue. Results were in comparison to net income of $790 million for Q4 2021. …

1 02, 2023

New Mexico Prosecutors Formally File Charges in Baldwin Movie Set Shooting

By | February 1st, 2023|Uncategorized|Comments Off on New Mexico Prosecutors Formally File Charges in Baldwin Movie Set Shooting

Actor Alec Baldwin and a weapons specialist have been formally charged with involuntary manslaughter in the fatal shooting of a cinematographer on a New Mexico movie set, according to court documents filed by prosecutors Tuesday. Santa Fe District Attorney Mary …

2 02, 2023

Swiss Re Revamps Structure by Splitting Reinsurance Biz, Creating Client Business Unit

By | February 2nd, 2023|Uncategorized|Comments Off on Swiss Re Revamps Structure by Splitting Reinsurance Biz, Creating Client Business Unit

Swiss Re announced plans to streamline its organizational structure by splitting its current Reinsurance Business Unit into P&C Re and L&H Re, while creating a new business unit called Global Clients and Solutions. Swiss Re Corporate Solutions will continue as …

2 02, 2023

Pennsylvania Gov. Shapiro Orders Professional Licensing Streamlining

By | February 2nd, 2023|Uncategorized|Comments Off on Pennsylvania Gov. Shapiro Orders Professional Licensing Streamlining

Gov. Josh Shapiro has signed an executive order aimed at reducing long wait times for professional applicants seeking to enter their fields in Pennsylvania. Under the order signed Tuesday, state agencies will be held to firm timelines to review license …

2 02, 2023

OSHA Cites Connecticut Contractor for Worker’s Death in Trench Collapse

By | February 2nd, 2023|Uncategorized|Comments Off on OSHA Cites Connecticut Contractor for Worker’s Death in Trench Collapse

A federal investigation has found a Connecticut contractor’s failure to provide legally required safeguards and make sure they were in place to prevent trench collapses contributed to the death of an employee buried when an 8-foot-deep trench caved in. Investigators …

2 02, 2023

New Jersey Approves MGA Honeycomb to Sell Commercial Real Estate Policies

By | February 2nd, 2023|Uncategorized|Comments Off on New Jersey Approves MGA Honeycomb to Sell Commercial Real Estate Policies

The New Jersey Department of Insurance has given Honeycomb Insurance approval to sell policies statewide. The technology-based managing general agent (MGA) serves the commercial real estate market and will offer insurance for apartment buildings, condominium associations and single family rental …