News Archives - Insurance Journal

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18 05, 2022

Kentucky Coal Mine Cited for Tree Fall that Killed Worker in January

By | May 18th, 2022|Uncategorized|Comments Off on Kentucky Coal Mine Cited for Tree Fall that Killed Worker in January

The U.S. Mine Safety and Health Administration has cited the owners of an eastern Kentucky surface mine where a worker was killed in January by a falling tree, according to a published report. Nally & Hamilton Enterprises was cited for …

18 05, 2022

Maine Attorney General Plans to Sue PFAS Manufacturers

By | May 18th, 2022|Uncategorized|Comments Off on Maine Attorney General Plans to Sue PFAS Manufacturers

Maine Attorney General Aaron Frey said the state is preparing for a lawsuit against manufacturers of so-called forever chemicals. Frey said at the Democratic State Convention last weekend that steps are being taken to “hold these chemical manufacturers to account.” …

18 05, 2022

People Moves: Longtime Alabama Agency Adds New Shareholder-Owners

By | May 18th, 2022|Uncategorized|Comments Off on People Moves: Longtime Alabama Agency Adds New Shareholder-Owners

Byars/Wright Insurance, an independent agency with six offices in Alabama, has named four new shareholders, officially giving the agency six owners. In addition to existing owners Haig Wright II and Skip Roberts, four others have been added: Paul Burnett, Evan …

18 05, 2022

Native American Man Files Suit in Oregon Alleging Bogus Detention

By | May 18th, 2022|Uncategorized|Comments Off on Native American Man Files Suit in Oregon Alleging Bogus Detention

A lawsuit alleges a Salem, Oregon, police officer accused a Native American man of stealing a car he was working on, grabbed him, shoved him onto the hood of his police car and handcuffed him with no justification for arrest. …

18 05, 2022

Growth of Massive New Mexico Wildfire Slowed

By | May 18th, 2022|Uncategorized|Comments Off on Growth of Massive New Mexico Wildfire Slowed

Firefighters have been able to slow the growth of a massive wildfire burning in the mountains of northeastern New Mexico as they prepared Wednesday for another round of red-flag weather that has the potential to push the flames through more …

19 05, 2022

CAC Adds Eisenstat and Sharp; Alliant in California Names Graham-Helwig Senior Vice President

By | May 19th, 2022|Uncategorized|Comments Off on CAC Adds Eisenstat and Sharp; Alliant in California Names Graham-Helwig Senior Vice President

CAC Specialty added Rick Eisenstat and Justin Sharp to its natural resources team. Eisenstat is an environmental law specialist and will serve as vice president. His expertise in environmental law. He most recently worked with Galloway, Johnson, Tomkins, Burr and …

19 05, 2022

Global Supply Stress Worsened in April, NY Fed’s Index Shows

By | May 19th, 2022|Uncategorized|Comments Off on Global Supply Stress Worsened in April, NY Fed’s Index Shows

Stress on global supply chains worsened in April as coronavirus lockdown measures in China and the war in Ukraine lengthened delivery times, and air freight costs between the United States and Asia rose, the New York Federal Reserve reported in …

19 05, 2022

Climate Change Boosted Cost of Japan’s Typhoon Hagibis by $4B: Study

By | May 19th, 2022|Uncategorized|Comments Off on Climate Change Boosted Cost of Japan’s Typhoon Hagibis by $4B: Study

The effects of human-caused climate change were responsible for roughly $4 billion of the $10 billion in insured losses resulting from Typhoon Hagibis that struck Japan in October of 2019, according to a new analysis of the storm. Hagibis, which …

19 05, 2022

Canada Crop Land ‘Deteriorating’ as Heavy Rain Hinders Planting

By | May 19th, 2022|Uncategorized|Comments Off on Canada Crop Land ‘Deteriorating’ as Heavy Rain Hinders Planting

Farmers in parts of Canada’s Prairies are struggling to get crops in the ground as heavy rains continue to wallop the eastern region in the latest threat to global grain supplies. Virtually no seeding has been done in Manitoba as …

17 05, 2022

Climate Change Is Hurting Insurance Industry: Report

By | May 17th, 2022|Uncategorized|Comments Off on Climate Change Is Hurting Insurance Industry: Report

Climate change is hurting the insurance industry and only 8% of insurers are preparing adequately for its impact, consultants Capgemini and financial industry body Efma said in a report on Tuesday. Insured losses from natural catastrophes have increased 250% in …