News Archives - Insurance Journal

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13 07, 2023

Arthur J. Gallagher Acquires Benchmark Commercial Insurance Services in California

By | July 13th, 2023|Uncategorized|Comments Off on Arthur J. Gallagher Acquires Benchmark Commercial Insurance Services in California

Arthur J. Gallagher & Co. acquired Carlsbad, California-based Benchmark Commercial Insurance Services. Robert Cohen and his team will remain in their current location under the direction of Scott Firestone, head of Gallagher’s Southwest region retail property/casualty brokerage operations. Benchmark is …

13 07, 2023

People Moves: Romeo to Lead Axis US Marine Cargo Launch; Verisk Names Vaughan Chief Privacy Officer

By | July 13th, 2023|Uncategorized|Comments Off on People Moves: Romeo to Lead Axis US Marine Cargo Launch; Verisk Names Vaughan Chief Privacy Officer

Axis Capital Holdings Limited said Frank Romeo will lead the company’s entry into the US marine cargo insurance market. Romeo is responsible for building the program and identifying growth opportunities, with a targeted product launch in the second half of …

13 07, 2023

Miami-Dade Warns About Window Screws that Don’t Meet Code

By | July 13th, 2023|Uncategorized|Comments Off on Miami-Dade Warns About Window Screws that Don’t Meet Code

The Miami-Dade County building inspection department is warning about imitation window screws that have failed to pass crucial tests and may not meet the county’s famously rigorous wind-load requirements. The Miami Herald reported Thursday that the building department put out …

12 07, 2023

Verlingue Acquires Majority Stake in Italian Broker INSER, Advancing European Strategy

By | July 12th, 2023|Uncategorized|Comments Off on Verlingue Acquires Majority Stake in Italian Broker INSER, Advancing European Strategy

Verlingue has acquired a majority stake in the insurance broker INSER, in line with its Verlingue 2024 strategic plan to create a major European, family-owned, independent insurance broker. Financial details of the deal were not disclosed. The INSER’s longstanding shareholder, …

13 07, 2023

3 Dead, 14 Injured in Illinois Crash Involving Greyhound Bus and Tractor-Trailers

By | July 13th, 2023|Uncategorized|Comments Off on 3 Dead, 14 Injured in Illinois Crash Involving Greyhound Bus and Tractor-Trailers

HIGHLAND, Ill. (AP) __ Three people were killed and 14 others injured, some seriously, early Wednesday when a Greyhound bus crashed into three tractor- trailers parked along a highway exit to a rest area in southern Illinois, state police said. …

12 07, 2023

Rain Eases After Flooding Vermont, Other Northeast States But More Expected

By | July 12th, 2023|Uncategorized|Comments Off on Rain Eases After Flooding Vermont, Other Northeast States But More Expected

A storm that left up to two months` worth of rain in Vermont and saturated other parts of the Northeast was moving out Tuesday, but more flooding was expected after already cutting off access to some communities, including the main …

13 07, 2023

Founder of Crypto Lender Celsius Network Arrested, Charged With Fraud

By | July 13th, 2023|Uncategorized|Comments Off on Founder of Crypto Lender Celsius Network Arrested, Charged With Fraud

Alex Mashinsky, the founder and former CEO of bankrupt cryptocurrency lender Celsius Network, was arrested and charged with fraud, a U.S. prosecutor in New York said Thursday morning, as three federal regulatory agencies sued him and his company. Mashinsky, 57, …

12 07, 2023

Florida Boy Dies After Dog Attack, Ahead of New Law That Bars Local Bans on Pit Bulls

By | July 12th, 2023|Uncategorized|Comments Off on Florida Boy Dies After Dog Attack, Ahead of New Law That Bars Local Bans on Pit Bulls

A 6-year-old Florida boy has died after he was attacked by a pit bull-mix dog that lived in the same home. The North Port Police Department said the boy suffered extensive injuries to his upper torso and was flown to …

12 07, 2023

Landslide Tears Apart Luxury Homes on Southern California Peninsula

By | July 12th, 2023|Uncategorized|Comments Off on Landslide Tears Apart Luxury Homes on Southern California Peninsula

A landslide tore apart luxury homes on Southern California`s Palos Verdes Peninsula this week, leaving a confused jumble of collapsed roofs, shattered walls, tilted chimneys and decks dangling over an adjacent canyon. The slide in the Los Angeles County city …

13 07, 2023

Progressive Returns to Positive Net Income in Q2

By | July 13th, 2023|Uncategorized|Comments Off on Progressive Returns to Positive Net Income in Q2

Second quarter net income at Progressive Corp. was $345.4 million, reversing a loss of nearly $543 million during the same quarter in 2022, as net income in June was about $41 million compared to a loss of nearly $437 million …