News Archives - Insurance Journal

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4 12, 2024

People Moves: Karmilowicz Resigns as Chair of Everest Global Insurance; TMK Taps AXIS’ Furness-Smith as APAC Cyber U/W; Coalition Names Kanno for UK Cybersecurity

By | December 4th, 2024|Uncategorized|Comments Off on People Moves: Karmilowicz Resigns as Chair of Everest Global Insurance; TMK Taps AXIS’ Furness-Smith as APAC Cyber U/W; Coalition Names Kanno for UK Cybersecurity

This edition of International People Moves details resignations and appointments at two insurers — Everest Group and Tokio Marine Kiln — and the managing general agent Coalition. A summary of these new hires follows here. Karmilowicz to Resign as Chair …

10 12, 2024

IICF Raises $1.4 Million for Northeast Nonprofits

By | December 10th, 2024|Uncategorized|Comments Off on IICF Raises $1.4 Million for Northeast Nonprofits

The Insurance Industry Charitable Foundation (IICF) reports that it raised more than $1.4 million at its 18th Annual Northeast Benefit Event last week in New York City. The gala hosted more than 600 professionals from the insurance industry for an …

10 12, 2024

Sloop to Take Over for Drinkwater as Amwins President

By | December 10th, 2024|Uncategorized|Comments Off on Sloop to Take Over for Drinkwater as Amwins President

Ben Sloop is set to take over as president of Amwins Group at the start of 2025, the wholesale brokerage said. Sloop succeeds James Drinkwater, who has been with Amwins since 2004 and has served as president since 2018. He …

10 12, 2024

10 Injured When Police Motorcycle Officer Crashed into California Parade Bystanders

By | December 10th, 2024|Uncategorized|Comments Off on 10 Injured When Police Motorcycle Officer Crashed into California Parade Bystanders

Ten people were injured after a police traffic officer on a motorcycle crashed into bystanders at a weekend holiday parade in Palm Springs, California, authorities said. All of the injured were taken to hospitals Saturday night for treatment of injuries …

18 12, 2024

Millions of Homeowners May Be Underinsured Due to Secondary Structures: ZestyAI

By | December 18th, 2024|Uncategorized|Comments Off on Millions of Homeowners May Be Underinsured Due to Secondary Structures: ZestyAI

Millions of U.S. homes are underinsured, not because of any added value in the homes, but because additional structures on the homeowner’s property have gone unreported and are without protection. Using artificial intelligence and aerial imagery to analyze one million …

13 12, 2024

Home Care Agency Owes $414K in Back Pay, Damages to 62 Workers Denied Overtime

By | December 13th, 2024|Uncategorized|Comments Off on Home Care Agency Owes $414K in Back Pay, Damages to 62 Workers Denied Overtime

The U.S. Department of Labor reported it has obtained a consent judgment against a home healthcare agency and its owner, Teajan Kamara, who had deliberately failed to pay employees their legally earned overtime wages. Following a filing by the department …

18 12, 2024

Trump Transition Recommends Scrapping Car-Crash Reporting Requirement

By | December 18th, 2024|Uncategorized|Comments Off on Trump Transition Recommends Scrapping Car-Crash Reporting Requirement

The Trump transition team wants the incoming administration to drop a car-crash reporting requirement opposed by Elon Musk’s Tesla, according to a document seen by Reuters, a move that could cripple the government’s ability to investigate and regulate the safety …

10 12, 2024

Trucordia Acquires Business of Virginia’s Archibald Insurance

By | December 10th, 2024|Uncategorized|Comments Off on Trucordia Acquires Business of Virginia’s Archibald Insurance

Utah-basrd insurance broker Trucordia has acquired the insurance business of Archibald Insurance, an agency with offices in Richmond, Midlothian and North Chesterfield, Virginia. Archibald Insurance offers personal and commercial insurance. By joining Trucordia, the Archibald team seeks to access expanded …

13 12, 2024

New York in State of Emergency As It Faces Another Major ‘Lake Effect’ Snowstorm

By | December 13th, 2024|Uncategorized|Comments Off on New York in State of Emergency As It Faces Another Major ‘Lake Effect’ Snowstorm

New York State declared a state of emergency for portions of Western New York, Finger Lakes, Central New York and North Country regions as forecasts call for those areas to receive multiple feet of lake effect snow. Areas east of …

10 12, 2024

Bridge Specialty Group Acquires Assets of Wisconsin’s ARMR

By | December 10th, 2024|Uncategorized|Comments Off on Bridge Specialty Group Acquires Assets of Wisconsin’s ARMR

J. Scott Penny, chief acquisitions officer of Brown & Brown, Inc. (NYSE:BRO), and David Dybdahl and Cynthia Statz, owners of American Risk Management Resources Network, LLC (“ARMR”), announced that a Bridge Specialty Group company and subsidiary of Brown & Brown, …