News Archives - Insurance Journal

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24 10, 2022

Connecticut Approves 3% Cut in Workers’ Compensation Costs for 2023

By | October 24th, 2022|Uncategorized|Comments Off on Connecticut Approves 3% Cut in Workers’ Compensation Costs for 2023

Connecticut businesses will see another rate decrease in workers’ compensation insurance beginning on January 1, 2023. The Connecticut Insurance Department has officially approved an average decrease of 3% to workers’ compensation pure premium loss costs in the voluntary market. There …

3 11, 2022

Hub Acquires Assets of Priority Insurance Associates In Arizona

By | November 3rd, 2022|Uncategorized|Comments Off on Hub Acquires Assets of Priority Insurance Associates In Arizona

Hub International Limited acquired the assets of Priority Insurance Associates LLC in Scottsdale, Arizona. Priority co-owners Victoria Turns and Nancy Vukelich, and the Priority Insurance Associates team will join Hub Southwest. Priority Insurance provides commercial and personal insurance solutions to …

24 10, 2022

Hurricane Ian Came at the Worst Possible Time for SW Florida Agriculture

By | October 24th, 2022|Uncategorized|Comments Off on Hurricane Ian Came at the Worst Possible Time for SW Florida Agriculture

Hurricane Ian made landfall in southwest Florida at the worst possible time for many in the agricultural community, cutting a path through the heart of Florida’s citrus belt and smashing tomato fields just before the start of seasonal harvests. Ian …

3 11, 2022

California Judge Oks Lawsuit Against Angels Over Skaggs Death

By | November 3rd, 2022|Uncategorized|Comments Off on California Judge Oks Lawsuit Against Angels Over Skaggs Death

A California judge is allowing a lawsuit to proceed against the Los Angeles Angels over the drug-related death of pitcher Tyler Skaggs. Orange County Superior Court Judge Glenn Salter on Monday rejected the team’s motion to dismiss and set the …

24 10, 2022

With Less Reinsurance for Reinsurers, Prices Set to Rise Again for Florida Carriers

By | October 24th, 2022|Uncategorized|Comments Off on With Less Reinsurance for Reinsurers, Prices Set to Rise Again for Florida Carriers

It has been three weeks since Hurricane Ian struck Florida on Sept. 28, 2022. The storm took at least 119 lives and caused estimated insured losses ranging from $31 billion to $74 billion, with most estimates in the $60 billion …

3 11, 2022

EPA Says Water in Mississippi Capital Now Safe to Drink

By | November 3rd, 2022|Uncategorized|Comments Off on EPA Says Water in Mississippi Capital Now Safe to Drink

The U.S. Environmental Protection Agency confirmed Monday that the water in Mississippi’s capital city is safe to drink, after months of sampling at a treatment plant overwhelmed by August flooding that caused wide supply disruptions. The beleaguered O.B. Curtis water …

24 10, 2022

Broker UIB Forms Corporate & Capital Risks Practice After Restructuring Specialty Lines

By | October 24th, 2022|Uncategorized|Comments Off on Broker UIB Forms Corporate & Capital Risks Practice After Restructuring Specialty Lines

United Insurance Brokers (UIB), the London-based re/insurance broker, announced the formation of its Corporate & Capital Risks practice. This announcement comes after UIB restructured its Specialty Lines Division this month and continued to develop its multi-line suite of specialist products. …

3 11, 2022

South Carolina Governor Seeks Disaster Declaration for Ian Cleanup

By | November 3rd, 2022|Uncategorized|Comments Off on South Carolina Governor Seeks Disaster Declaration for Ian Cleanup

Gov. Henry McMaster has asked President Joe Biden to authorize a disaster declaration to help with Hurricane Ian recovery efforts in South Carolina, his office said Tuesday. The South Carolina Emergency Management Division and the Federal Emergency Management Agency found …

24 10, 2022

Court Revives Louisiana Wetlands Damage Suit Against Big Oil

By | October 24th, 2022|Uncategorized|Comments Off on Court Revives Louisiana Wetlands Damage Suit Against Big Oil

NEW ORLEANS (AP) – A federal appeals court has ordered a nine-year-old lawsuit filed against oil and gas companies over damage to Louisiana’s wetlands to be returned to state court for trial, potentially clearing the way for at least 41 …

3 11, 2022

NFP’s Alerity Acquires CIC Group in Buffalo

By | November 3rd, 2022|Uncategorized|Comments Off on NFP’s Alerity Acquires CIC Group in Buffalo

Alterity Group, a subsidiary of insurance brokerage NFP, reports it has acquired CIC Group, a Buffalo, New York-based commercial insurance agency. CIC Group principals Timothy McMullen, Gina Teresi and Chris O’Donnell will join Alterity and report to Sharla St. Rose, …