News Archives - Insurance Journal

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7 09, 2022

Rains Insurance Acquires Sunbelt Agency in Tennessee

By | September 7th, 2022|Uncategorized|Comments Off on Rains Insurance Acquires Sunbelt Agency in Tennessee

Rains Insurance Inc. has acquired the operating assets of Chattanooga-based Sunbelt Group, marking the first acquisition of an independent insurance agency by Rains. Rains, also an independent agency, is a subsidiary of Knoxville-based SmartBank, a commercial bank with operations in …

7 09, 2022

Wildfire Threatens Homes, Cabins Near Lake in Idaho

By | September 7th, 2022|Uncategorized|Comments Off on Wildfire Threatens Homes, Cabins Near Lake in Idaho

Roughly 200 people were told to evacuate and sheriff’s deputies were trying to track down campers and other recreationists after a wildfire exploded in Idaho’s scenic Sawtooth National Forest over the long holiday weekend. Lightning sparked the Ross Fork Fire …

7 09, 2022

Liberty Mutual: Ironshore to Become Wholesale-Exclusive Brand

By | September 7th, 2022|Uncategorized|Comments Off on Liberty Mutual: Ironshore to Become Wholesale-Exclusive Brand

Liberty Mutual said it has repositioned its distribution strategy for specialty and excess & surplus products, making Ironshore a wholesale-exclusive brand. Going forward, all U.S. commercial, specialty and E&S products placed by retail brokers will be under the Liberty Mutual …

7 09, 2022

Cleveland to Pay $540,000 to 12 Arrested in Racial Protests

By | September 7th, 2022|Uncategorized|Comments Off on Cleveland to Pay $540,000 to 12 Arrested in Racial Protests

Twelve people arrested while peacefully protesting in downtown Cleveland in 2020 following the murder of George Floyd will receive a $540,000 settlement from the city, according to an attorney for the protesters. Some of the 12 also received minor injuries …

7 09, 2022

Flash Flooding in Southern Indiana Kills 1, Damages Several Homes

By | September 7th, 2022|Uncategorized|Comments Off on Flash Flooding in Southern Indiana Kills 1, Damages Several Homes

A woman was killed during weekend flash flooding in rural southeastern Indiana that damaged numerous homes and washed away several roads, officials said. Normally small creeks were overwhelmed as perhaps eight inches of rain fell Saturday night in parts of …

7 09, 2022

Record-High Direct Premiums Written for the U.S. Surplus Lines Segment in 2021

By | September 7th, 2022|Uncategorized|Comments Off on Record-High Direct Premiums Written for the U.S. Surplus Lines Segment in 2021

Total U.S. surplus lines direct premiums written (DPW) reached a record $82.6 billion in 2021, with momentum continuing through mid-year 2022, according to a new AM Best report. In the first six months of 2022, premiums topped $31 billion, and …

7 09, 2022

Keystone Adds Allbright & Duncan in Texas

By | September 7th, 2022|Uncategorized|Comments Off on Keystone Adds Allbright & Duncan in Texas

Keystone Insurers Group added Texas agency Allbright & Duncan to its growing network of agencies in the state. Based in Odessa, Allbright & Duncan’s specialties include general liability, auto, workers’ compensation, property, equipment, umbrella, builder’s risk, and more. Allbright & …

2 09, 2022

Veterans Seeking Earplug Damages Sue to Block 3M Healthcare Spinoff

By | September 2nd, 2022|Uncategorized|Comments Off on Veterans Seeking Earplug Damages Sue to Block 3M Healthcare Spinoff

Two U.S. military veterans on Thursday sued 3M Co. to block its planned spinoff of its healthcare business, which they called an illegal attempt to avoid compensating veterans for hearing damage caused by the company’s military-issue earplugs. The veterans said …

2 09, 2022

Baggage Handler at New Orleans’ Airport Killed in Accident

By | September 2nd, 2022|Uncategorized|Comments Off on Baggage Handler at New Orleans’ Airport Killed in Accident

A 26-year-old worker at Louis Armstrong New Orleans International Airport was killed after an accident while unloading baggage from a Frontier Airlines flight, authorities said. The Jefferson Parish Coroner’s Office on Wednesday identified the victim as Jermani Thompson, of Reserve, …

2 09, 2022

Texas Drought Decimates Cotton Production

By | September 2nd, 2022|Uncategorized|Comments Off on Texas Drought Decimates Cotton Production

Cotton production has been decimated by drought and extreme heat this year, costing Texas High Plains farmers and other agricultural industries at least $2 billion, according to one estimate. “There’s just not much crop out there,” said Brad Heffington, a …