News Archives - Insurance Journal

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8 08, 2022

Rhine River Water Levels in Germany Keep Falling, Forcing Ships to Sail Partly Loaded

By | August 8th, 2022|Uncategorized|Comments Off on Rhine River Water Levels in Germany Keep Falling, Forcing Ships to Sail Partly Loaded

Water levels on the Rhine in Germany fell again during hot dry weather over the weekend and cargo vessels cannot sail fully loaded, vessel brokers and commodity traders said on Monday. Shallow water is causing problems for shipping on the …

8 08, 2022

Gallagher Calls Alliant’s Filing in Poaching Suit a ‘Masterclass in Deflection’

By | August 8th, 2022|Uncategorized|Comments Off on Gallagher Calls Alliant’s Filing in Poaching Suit a ‘Masterclass in Deflection’

In the latest in the back-and-forth court filings between Arthur J. Gallagher and Alliant Insurance Services, Gallagher said its competitor is putting on a “masterclass in deflection” to prevent the court from granting a restraining order against Alliant. Late last …

8 08, 2022

Berkshire Hathaway Posts $43.8 Billion Loss as Stock Holdings Tumble

By | August 8th, 2022|Uncategorized|Comments Off on Berkshire Hathaway Posts $43.8 Billion Loss as Stock Holdings Tumble

The slide in U.S. stock prices punished Berkshire Hathaway Inc’s bottom line in the second quarter, as the conglomerate run by billionaire Warren Buffett on Saturday reported a $43.8 billion loss. Berkshire nevertheless generated nearly $9.3 billion of operating profit, …

8 08, 2022

Agency Partnerships: MarshBerry Platform, First Choice Agents Alliance Combine

By | August 8th, 2022|Uncategorized|Comments Off on Agency Partnerships: MarshBerry Platform, First Choice Agents Alliance Combine

The MarshBerry Platform announced it has merged with First Choice Agents Alliance (FCAA). The merger will position the combined firms as one of the insurance brokerage industry’s top agency partnerships. MarshBerry Platform and FCAA, each on their own, represent two …

8 08, 2022

‘Community Lighthouses’ to be Powered by the Sun and Volunteers

By | August 8th, 2022|Uncategorized|Comments Off on ‘Community Lighthouses’ to be Powered by the Sun and Volunteers

Enthusiastic church volunteer Sonia St. Cyr lost something she treasures during the blackout caused by Hurricane Ida — her independence, afforded her by the electric wheelchair she expertly maneuvers over bumpy city sidewalks. “After Ida I was housebound,” said St. …

8 08, 2022

Fire Victims Seek $85M for Damages in Fire that Covered California and Nevada

By | August 8th, 2022|Uncategorized|Comments Off on Fire Victims Seek $85M for Damages in Fire that Covered California and Nevada

People who lost their homes and property in last summer’s Tamarack Fire in northern Nevada and California have filed a claim against the U.S. Forest Service seeking more than $85 million. The filing by attorney Bill Jeanney of Reno on …

8 08, 2022

Oregon’s Wildfire Risk Map Emerges as Climate Flashpoint

By | August 8th, 2022|Uncategorized|Comments Off on Oregon’s Wildfire Risk Map Emerges as Climate Flashpoint

A new map in Oregon that rated the wildfire risk of every tax lot in the state – labeling nearly 80,000 structures as high-risk – generated so much pushback from angry homeowners that officials abruptly retracted it, saying they had …

8 08, 2022

Experts: Southwest Florida to See Daily Tidal Floods by 2100

By | August 8th, 2022|Uncategorized|Comments Off on Experts: Southwest Florida to See Daily Tidal Floods by 2100

In the year 2100, Fort Myers, Florida will see only one day in which nuisance high tide flooding isn’t an issue. And Naples will be flooded by incoming tides every day, according to the latest tide predictions coming from the …

8 08, 2022

U.S. Imposes Sanctions on Virtual Currency Mixer Tornado Cash

By | August 8th, 2022|Uncategorized|Comments Off on U.S. Imposes Sanctions on Virtual Currency Mixer Tornado Cash

The United States on Monday imposed sanctions on virtual currency mixer Tornado Cash, accusing it of helping hackers, including from North Korea, to launder proceeds from their cyber crimes. A senior Treasury Department official said Tornado Cash, one of the …

8 08, 2022

FM Global Puts Aside $300 Million for Policyholders’ ‘Resilience Credit’

By | August 8th, 2022|Uncategorized|Comments Off on FM Global Puts Aside $300 Million for Policyholders’ ‘Resilience Credit’

Policyholders of FM Global, which include one of every three Fortune 500 companies and similar size organizations worldwide, will collectively receive about $300 million in a first-of-its-kind ‘resilience credit,’ providing them with additional means to invest in climate resilience solutions. …