News Archives - Insurance Journal

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1 03, 2023

Kentucky Man Dies in WV Coal Mine, First U.S. Mining Fatality This Year

By | March 1st, 2023|Uncategorized|Comments Off on Kentucky Man Dies in WV Coal Mine, First U.S. Mining Fatality This Year

A coal miner has died in an incident in a southern West Virginia mine, Gov. Jim Justice said. William Mapes, 73, of Freeburn, Kentucky, died Sunday, Justice said Sunday in a news release. Mapes had 53 years of mining experience …

1 03, 2023

Architects & Engineers Insurers Seek More Rate Increases: Ames & Gough

By | March 1st, 2023|Uncategorized|Comments Off on Architects & Engineers Insurers Seek More Rate Increases: Ames & Gough

According to a new survey from specialty broker Ames & Gough, insurers of professional liability for architects and engineers are planning additional rate increases to keep pace with rising claims costs, a backlog of litigation, worker shortages, and supply chain …

1 03, 2023

Exxon Broke Rules With Late Reporting of Methane Leak

By | March 1st, 2023|Uncategorized|Comments Off on Exxon Broke Rules With Late Reporting of Methane Leak

Exxon Mobil Corp. failed to initially report a release of the super-potent greenhouse gas methane in the Permian Basin that occurred in early February, violating state rules. The incident at the company’s facility in New Mexico was reported after it …

1 03, 2023

Ryan Specialty Posts 54% Jump in Q4 Net Income

By | March 1st, 2023|Uncategorized|Comments Off on Ryan Specialty Posts 54% Jump in Q4 Net Income

Ryan Specialty reported a 54.6% increase in fourth quarter net income to the same period the prior year, while revenue outpaced Q4 2021 by 14.9%. The Chicago, Illinois-based specialty insurance firm reached fourth quarter net income of $45.8 million, compared …

1 03, 2023

South Carolina Man Admits to Burning His Car, Filing False Insurance Claim, DOI Says

By | March 1st, 2023|Uncategorized|Comments Off on South Carolina Man Admits to Burning His Car, Filing False Insurance Claim, DOI Says

South Carolina authorities have charged a man with insurance fraud after he reported his vehicle was stolen, then admitted to setting it on fire. Rusty Dale Peeples, 46, was arrested Feb. 24, charged with making a false insurance claim and …

1 03, 2023

Tx. Metal-Plating Company Fined $292K After Workers Exposed to Dangerous Acids

By | March 1st, 2023|Uncategorized|Comments Off on Tx. Metal-Plating Company Fined $292K After Workers Exposed to Dangerous Acids

A federal workplace safety investigation of an El Paso jewelry metal-plating finisher found the company again exposing workers to serious hazards, including willfully failing to protect people working with dangerous acids and other chemicals from potentially permanent eye injuries. The …

1 03, 2023

People Moves: Mikos-Benavides Joins J.M. Wilson; Omaha National Appoints Mackel CFO

By | March 1st, 2023|Uncategorized|Comments Off on People Moves: Mikos-Benavides Joins J.M. Wilson; Omaha National Appoints Mackel CFO

J.M. Wilson Hires Mikos-Benavides as Assistant Transportation Underwriter J.M. Wilson, based in Portage, Michigan, has hired Jennifer Mikos-Benavides as assistant transportation underwriter in their Arlington Heights, Illinois office. Mikos-Benavides is responsible for assisting underwriters with a wide variety of new …

1 03, 2023

Texas Utility Regulators Propose Changes to Electricity Market

By | March 1st, 2023|Uncategorized|Comments Off on Texas Utility Regulators Propose Changes to Electricity Market

The winter storm that hit Texas in February 2021 strained the state’s electricity grid so much that power had to be cut to millions of homes and businesses to prevent the grid’s complete failure. At least 200 people died, many …

1 03, 2023

Dam Owner Fined $1M in Field Turf Pollution of Washington River

By | March 1st, 2023|Uncategorized|Comments Off on Dam Owner Fined $1M in Field Turf Pollution of Washington River

A company that operates a century-old hydroelectric dam near Mount Rainier National Park and its chief operating officer each pleaded guilty to a single criminal count Monday in connection with a spill of synthetic field turf and the tiny rubber …

1 03, 2023

Nevada Board Voting on $330M in Additional Tesla Tax Breaks

By | March 1st, 2023|Uncategorized|Comments Off on Nevada Board Voting on $330M in Additional Tesla Tax Breaks

Tesla may receive over $300 million in tax abatements over the next two decades for a massive new expansion of its northern Nevada facility, the product of a 2014 deal for when the company first came to the area on …