News Archives - Insurance Journal

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30 08, 2022

Hurricane Alley Hasn’t Been This Quiet in a Quarter Century

By | August 30th, 2022|Uncategorized|Comments Off on Hurricane Alley Hasn’t Been This Quiet in a Quarter Century

The Atlantic crucible of hurricanes hasn’t had a storm all month and if the calm holds it will stand as the quietest August in 25 years. The expanse of ocean between Africa and the Caribbean Sea has only had two …

30 08, 2022

Vehicle Pedestrian Safety Systems Struggle to See in the Dark: IIHS

By | August 30th, 2022|Uncategorized|Comments Off on Vehicle Pedestrian Safety Systems Struggle to See in the Dark: IIHS

Many of the automatic braking systems automakers are using to prevent vehicles from hitting pedestrians do not work well in the dark, according to test results released Tuesday by the U.S. non-profitgroup Insurance Institute for Highway Safety. The group, backed …

30 08, 2022

North Carolina Judge Sets Lindberg’s New Trial Date for March 2023

By | August 30th, 2022|Uncategorized|Comments Off on North Carolina Judge Sets Lindberg’s New Trial Date for March 2023

A new trial for North Carolina insurance executive Greg Lindberg has been set for March 2023, three years after his conviction on bribery charges, a conviction that was later overturned. Federal prosecutors and Lindberg’s attorneys met with U.S. District Judge …

30 08, 2022

Florida Staffing Firm Head Sentenced to 24 Years for Long-Running Off-Book Labor Scheme

By | August 30th, 2022|Uncategorized|Comments Off on Florida Staffing Firm Head Sentenced to 24 Years for Long-Running Off-Book Labor Scheme

From 2007 to 2021, federal prosecutors said, Mykhaylo Chugay and associates operated a number of shady staffing companies in south Florida that avoided paying more than $25 million in federal taxes. Last week, a federal judge sentenced Chugay to 24 …

30 08, 2022

Generali Completes Acquisition of AXA’s Malaysian P/C and Life Businesses

By | August 30th, 2022|Uncategorized|Comments Off on Generali Completes Acquisition of AXA’s Malaysian P/C and Life Businesses

Generali has completed the acquisition of the majority stakes in the AXA’s property/casualty and life businesses in Malaysia, which will position it as a top-tier general (or P/C) insurer in the country, in line with its strategy to strengthen its …

30 08, 2022

Biden Administration to Declare ‘Forever Chemicals’ Hazardous Substances

By | August 30th, 2022|Uncategorized|Comments Off on Biden Administration to Declare ‘Forever Chemicals’ Hazardous Substances

The Biden administration said on Friday it will propose designating certain “forever chemicals” as hazardous substances under the nation’s Superfund program, in a bid to spark cleanup of countless sites that have been found contaminated by the toxic industrial compounds. …

30 08, 2022

UN Issues Flash Appeal for $160 Million to Help Pakistan With Floods

By | August 30th, 2022|Uncategorized|Comments Off on UN Issues Flash Appeal for $160 Million to Help Pakistan With Floods

The United Nations issued a flash appeal on Tuesday for $160 million to help Pakistan cope with catastrophic floods that have killed more than 1,100 people, destroyed infrastructure and crops, and affected 33 million people. Early estimates put the damage …

30 08, 2022

Strong Storms Knock Down Trees, Cause Power Outages in Minneapolis

By | August 30th, 2022|Uncategorized|Comments Off on Strong Storms Knock Down Trees, Cause Power Outages in Minneapolis

Strong storms knocked down trees and caused power outages across the Minneapolis area Saturday night, prompting the Minnesota State Fair to shut down rides and cancel a concert. Wind gusts over 60 mph were reported as the storm moved across …

30 08, 2022

People Moves: Liberty Specialty Promotes Clark for Financial Risk Solutions; BHSI Promotes Hannoun for Middle East Casualty; CNA Canada Names DeBruyn Regional VP

By | August 30th, 2022|Uncategorized|Comments Off on People Moves: Liberty Specialty Promotes Clark for Financial Risk Solutions; BHSI Promotes Hannoun for Middle East Casualty; CNA Canada Names DeBruyn Regional VP

This edition of International People Moves details appointments at Liberty Specialty Markets, Berkshire Hathaway Specialty Insurance, and CNA Canada. A summary of these new hires follows here. Liberty Specialty Promotes Clark for Financial Risk Solutions Liberty Specialty Markets (LSM), part …

30 08, 2022

Terry, Luke Ledbetter Form Kestrel Group in Texas

By | August 30th, 2022|Uncategorized|Comments Off on Terry, Luke Ledbetter Form Kestrel Group in Texas

Terry Ledbetter and Luke Ledbetter, formerly of State National Companies, announced the formation of Kestrel Group. The company acts as the exclusive producer for four A.M. Best “A-” rated (Excellent) carriers which are widely licensed throughout the United States with …