News Archives - Insurance Journal

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11 10, 2024

Milton’s Surprise Was the Damage Unleashed by Powerful Winds

By | October 11th, 2024|Uncategorized|Comments Off on Milton’s Surprise Was the Damage Unleashed by Powerful Winds

Storm Weakened But Still Brought 120-mph Winds to St. Petersburg Area Hurricane Milton’s devastating path across Florida has left at least 10 dead, millions without power, and destroyed homes and crops, as authorities warn it could take days to assess …

11 10, 2024

MIC Global Applies to Become Lloyd’s Coverholder of Greenlight Re’s Syndicate 3456

By | October 11th, 2024|Uncategorized|Comments Off on MIC Global Applies to Become Lloyd’s Coverholder of Greenlight Re’s Syndicate 3456

MIC Global (MIC), the full-stack embedded micro insurance provider, announced it has applied to become a Lloyd’s coverholder of Greenlight Re’s Syndicate 3456, subject to applicable approvals. This strategic move marks a strengthening of the partnership between MIC and Greenlight …

11 10, 2024

Fitch Expects Insurance Industry Losses of Up to $50B From Milton

By | October 11th, 2024|Uncategorized|Comments Off on Fitch Expects Insurance Industry Losses of Up to $50B From Milton

Fitch Ratings expects Hurricane Milton to cause between $30 billion and $50 billion in insured losses to push total industry losses in 2024 above $100 billion for the fifth straight year. The range of losses expected by rating agency Fitch …

11 10, 2024

East Palestine Residents Should Receive Payments During Class Action Appeal

By | October 11th, 2024|Uncategorized|Comments Off on East Palestine Residents Should Receive Payments During Class Action Appeal

People who lived near the disastrous East Palestine derailment last year should still be able to receive personal injury payments even while the bulk of their $600 million class action settlement with Norfolk Southern railroad remains on hold during an …

11 10, 2024

West Texas Town Endures Another Well Blowout, Putting Residents at Risk

By | October 11th, 2024|Uncategorized|Comments Off on West Texas Town Endures Another Well Blowout, Putting Residents at Risk

TOYAH — After a restless night of sleep, Elida Machuca texted her neighbor, searching for answers. The air around her house in this West Texas town stunk of rotten eggs. “Last night, about 1 a.m., it was so bad we …

11 10, 2024

People Moves: Alliant Adds Moseley to Midwest Office

By | October 11th, 2024|Uncategorized|Comments Off on People Moves: Alliant Adds Moseley to Midwest Office

Kama Moseley, JD, PLCS, CAPI, has joined Alliant Insurance Services as Senior Vice President, Producer with Alliant Private Client. Alliant Private Client. Alliant said that Kansas-based Moseley will enhance the national brokerage’s presence in the Midwest. Moseley will help high-net-worth …

11 10, 2024

Inszone Acquires San Antonio Insurance Services

By | October 11th, 2024|Uncategorized|Comments Off on Inszone Acquires San Antonio Insurance Services

Inszone Insurance Services announced its acquisition of San Antonio Insurance Services, Texas-based agency known for its strong focus on trucking insurance and a broad array of property and casualty solutions. Founded in 2012 as a mother-daughter agency, San Antonio Insurance …

11 10, 2024

Wisconsin Recycling Company Fined $202K for Exposing Workers to Lead, Cadmium

By | October 11th, 2024|Uncategorized|Comments Off on Wisconsin Recycling Company Fined $202K for Exposing Workers to Lead, Cadmium

A follow-up inspection by federal workplace safety investigators in April 2024 found a Janesville, Wisconsin recycling company continuing to expose employees to unsafe levels of lead and cadmium while they dismantled cathode ray tubes from older TVs, despite being cited …

8 10, 2024

As Milton Nears, Flood-Proof Fences Will Face a Major Test in Tampa

By | October 8th, 2024|Uncategorized|Comments Off on As Milton Nears, Flood-Proof Fences Will Face a Major Test in Tampa

For the second time in two weeks, Tampa General Hospital is getting ready to keep water at bay. Hurricane Milton is expected to make landfall Wednesday and will test the hospital’s flood barrier. It takes dozens of facilities workers to …

8 10, 2024

Markets/Coverages: Price Forbes Re Taps Gallagher Re’s Cole as Head of Financial Lines; BHSI Names Aon’s Pache for PI/Cyber Team, DACH Region, Schumacher as Property U/W

By | October 8th, 2024|Uncategorized|Comments Off on Markets/Coverages: Price Forbes Re Taps Gallagher Re’s Cole as Head of Financial Lines; BHSI Names Aon’s Pache for PI/Cyber Team, DACH Region, Schumacher as Property U/W

This edition of International People Moves details appointments at Price Forbes Re and Berkshire Hathaway Specialty Insurance (BHSI). A summary of these new hires follows here. Price Forbes Re Names Gallagher Re’s Cole as EVP, Head of Financial Lines Price …