News Archives - Insurance Journal

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19 08, 2022

New Orleans Officials Seek to End Federal Oversight of Police

By | August 19th, 2022|Uncategorized|Comments Off on New Orleans Officials Seek to End Federal Oversight of Police

New Orleans officials asked a federal judge Tuesday to end court-supervised oversight of its police department under a pact negotiated with the U.S. Justice Department a decade ago, after deadly police shootings of civilians following Hurricane Katrina cast renewed scrutiny …

19 08, 2022

People Moves: Moody’s, RMS Names Hare Managing Director of APAC; Catalina Hires Diaz-Matos as Chief Commercial Officer and Chief Legal Officer

By | August 19th, 2022|Uncategorized|Comments Off on People Moves: Moody’s, RMS Names Hare Managing Director of APAC; Catalina Hires Diaz-Matos as Chief Commercial Officer and Chief Legal Officer

This edition of International People Moves details appointments at RMS and and Catalina. A summary of these new hires follows here. Moody’s, RMS Appoints Hare MD of APAC Andrew Hare has been appointed managing director, Asia Pacific at RMS, the …

19 08, 2022

AM Best Downgrades Credit Rating of Missouri’s Cameron Mutual

By | August 19th, 2022|Uncategorized|Comments Off on AM Best Downgrades Credit Rating of Missouri’s Cameron Mutual

AM Best has downgraded the Long-Term Issuer Credit Rating (Long-Term ICR) to “bb” (Fair) from “bb+” (Fair) and affirmed the Financial Strength Rating (FSR) of B (Fair) of Cameron Mutual Insurance Company (Cameron Mutual) (Cameron, MO). The outlook of the …

19 08, 2022

PCF Acquires John E. Peakes Insurance Agency in California

By | August 19th, 2022|Uncategorized|Comments Off on PCF Acquires John E. Peakes Insurance Agency in California

PCF Insurance Services acquired John E. Peakes Insurance Agency Inc. in Ventura, California. John E. Peakes is a family-owned, personal lines agency. They offer personal, business, gym, fitness studios, restaurants, and apartment building insurance options. Lehi, Utah-based PCF is a …

19 08, 2022

Delaware Climate Lawsuit Against Oil Industry Is State Issue: Federal Court

By | August 19th, 2022|Uncategorized|Comments Off on Delaware Climate Lawsuit Against Oil Industry Is State Issue: Federal Court

A federal appeals court has ruled that a lawsuit filed by Delaware’s attorney general seeking to hold the petroleum industry responsible for climate change effects in the state must be heard in state court instead of federal court. Wednesday’s ruling …

19 08, 2022

Fire Consumes Once Famous Grossinger’s Hotel in New York’s Catskills

By | August 19th, 2022|Uncategorized|Comments Off on Fire Consumes Once Famous Grossinger’s Hotel in New York’s Catskills

LIBERTY, N.Y. — A fire consumed a building at the site of the long-closed Grossinger’s resort, once among the most storied and glamorous hotels in New York’s Catskills. In its heyday after World War II, Grossinger’s drew hundreds of thousands …

19 08, 2022

Florida’s Deadly High Speed Rail to Get $25 Million Safety Improvement

By | August 19th, 2022|Uncategorized|Comments Off on Florida’s Deadly High Speed Rail to Get $25 Million Safety Improvement

Tracks used by the nation’s deadliest railroad will see added fencing to keep pedestrians away and safety improvements at crossings under a $25 million federal grant announced Monday. Brightline and government officials announced the grant as the privately owned passenger …

19 08, 2022

Record-Breaking Pace for U.S. Product Recalls, Says Sedgwick

By | August 19th, 2022|Uncategorized|Comments Off on Record-Breaking Pace for U.S. Product Recalls, Says Sedgwick

The number of U.S. products recalled this year has already surpassed 1 billion, according to the U.S. product recall index recently released by Sedgwick’s brand protection division. Only two other years on record have seen more than 1 billion units …

19 08, 2022

Viewpoint: Can Intelligent Automation Ensure the Survival of the Insurance Industry?

By | August 19th, 2022|Uncategorized|Comments Off on Viewpoint: Can Intelligent Automation Ensure the Survival of the Insurance Industry?

The economic viability of the insurance industry’s current business model has been in question for several years. McKinsey’s 2022 Global Insurance Report shows that 52% of the industry’s global equity had a return on equity (ROE) lower than their cost …

19 08, 2022

U.S. Businesses in Taiwan See Limited Impact From Tensions With China

By | August 19th, 2022|Uncategorized|Comments Off on U.S. Businesses in Taiwan See Limited Impact From Tensions With China

Most members surveyed by the American Chamber of Commerce in Taiwan said they had not been significantly affected by recent Chinese military drills around the island, but had heightened concerns, the group said on Friday. China, which claims Taiwan as …