News Archives - Insurance Journal

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7 07, 2023

Higginbotham Acquires Cress Insurance Group in New Mexico

By | July 7th, 2023|Uncategorized|Comments Off on Higginbotham Acquires Cress Insurance Group in New Mexico

Higginbotham has acquired Cress Insurance Group in Albuquerque, New Mexico. Higginbotham and Cress Insurance Group will come together to enhance service to the group’s 2,500 clients and serve a broader customer base in New Mexico. Higginbotham gave the title of …

7 07, 2023

California Insurance Broker Arraigned for Allegedly Stealing from Small Businesses

By | July 7th, 2023|Uncategorized|Comments Off on California Insurance Broker Arraigned for Allegedly Stealing from Small Businesses

Brian Keith Arteaga, 39, of Placentia, California, was arraigned this week on multiple felony counts of grand theft by embezzlement, theft of fiduciary funds, insurance fraud, and money laundering after a California Department of Insurance investigation found he allegedly stole …

7 07, 2023

No Injuries Reported After Explosion at Pennsylvania Town Public Works Building

By | July 7th, 2023|Uncategorized|Comments Off on No Injuries Reported After Explosion at Pennsylvania Town Public Works Building

An explosion at a building housing public works equipment in a Pennsylvania township destroyed the structure and heavily damaged some nearby homes, but no injuries were reported. Officials in Lancaster County`s Rapho Township said six employees were coming to work …

7 07, 2023

Maryland Man Wrongly Imprisoned for 32 Years Gets $2.9M

By | July 7th, 2023|Uncategorized|Comments Off on Maryland Man Wrongly Imprisoned for 32 Years Gets $2.9M

A Maryland board approved $2.9 million in compensation Wednesday for a man who was wrongly imprisoned for 32 years, including a decade on death row, for two murders he did not commit. John Huffington was pardoned by former Gov. Larry …

7 07, 2023

Massachusetts High Court Affirms Limit on Wrongful Death Suits in Tobacco Cases

By | July 7th, 2023|Uncategorized|Comments Off on Massachusetts High Court Affirms Limit on Wrongful Death Suits in Tobacco Cases

If a person’s right to bring a personal injury lawsuit has expired by the time of his or her death, the person’s estate is barred from bringing a wrongful death suit in Massachusetts for the benefit of the beneficiaries. The …

7 07, 2023

SC DOI Ups Grant Size for Wind Mitigation Program

By | July 7th, 2023|Uncategorized|Comments Off on SC DOI Ups Grant Size for Wind Mitigation Program

The South Carolina Safe Home wind mitigation program has been revised to allow higher grant awards. The South Carolina Department of Insurance said in a bulletin this week that the program, which helps homeowners fortify their homes to better resist …

7 07, 2023

CSU: Above Average Atlantic Hurricane Season Now Expected

By | July 7th, 2023|Uncategorized|Comments Off on CSU: Above Average Atlantic Hurricane Season Now Expected

Colorado State University (CSU) hurricane researchers have upped their hurricane season forecast. An above average Atlantic hurricane season is now expected for 2023, though there is a greater level of uncertainty than normal. The CSU team now predicts 18 named …

7 07, 2023

Republican Attorneys General Urge Biden to Drop EPA Emissions Plan

By | July 7th, 2023|Uncategorized|Comments Off on Republican Attorneys General Urge Biden to Drop EPA Emissions Plan

A group of 25 Republican state attorneys general Thursday urged the Biden administration to abandon its proposal to sharply cut vehicle tailpipe emissions, which would require dramatically more electric vehicles, saying it would harm the economy and burden the electrical …

3 07, 2023

SiriusPoint Completes $1.3B Reinsurance Loss Portfolio Transfer With Compre

By | July 3rd, 2023|Uncategorized|Comments Off on SiriusPoint Completes $1.3B Reinsurance Loss Portfolio Transfer With Compre

SiriusPoint Ltd., the Bermuda-based re/insurer, announced it has completed a ground-up loss portfolio transfer (LPT) of a portfolio of primarily reinsurance business with the legacy acquisition specialist Compre. This is the second LPT the companies have partnered on. Compre assumed …

3 07, 2023

People Moves: Liberty Mutual Promotes Johnson From Ironshore; Federer Named CEO Fusion Specialty N.A.

By | July 3rd, 2023|Uncategorized|Comments Off on People Moves: Liberty Mutual Promotes Johnson From Ironshore; Federer Named CEO Fusion Specialty N.A.

Liberty Mutual Names Johnson President of Field Operations & Marketing, Global Risk Solutions North America Liberty Mutual Insurance, based in Boston, Mass., appointed Ben Johnson as president of field operations & marketing, Global Risk Solutions (GRS) North America, effective July …