News Archives - Insurance Journal

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14 11, 2024

Texas DWC Seeks Comments on Employer Forms

By | November 14th, 2024|Uncategorized|Comments Off on Texas DWC Seeks Comments on Employer Forms

The Texas Department of Insurance, Division of Workers’ Compensation (DWC) is accepting public comments on revised static forms: DWC Form-005, Non-Subscriber Notice to Division of Workers’ Compensation. DWC Form-007, Employer’s Report of Non-Covered Employee’s Work-Related Injury or Illness. DWC said …

14 11, 2024

World Insurance Acquires New Jersey’s United Counties Insurance

By | November 14th, 2024|Uncategorized|Comments Off on World Insurance Acquires New Jersey’s United Counties Insurance

National broker World Insurance Associates reports that it acquired the business of United Counties Insurance Group of Old Bridge, New Jersey on August 1, 2024. Terms of the transaction were not disclosed. United Counties sells home, auto, business and health …

13 11, 2024

New England Grocers Stop & Shop, Hannaford Coping With Cyber Attack

By | November 13th, 2024|Uncategorized|Comments Off on New England Grocers Stop & Shop, Hannaford Coping With Cyber Attack

The Dutch company that owns Stop & Shop and Hannaford grocery stores across New England is dealing with a cyberattack that has disrupted online shopping, product deliveries and pharmacy services at some locations. Ahold Delhaize USA confirmed the attack in …

13 11, 2024

Risk Strategies Acquires Felsen Insurance of New Jersey

By | November 13th, 2024|Uncategorized|Comments Off on Risk Strategies Acquires Felsen Insurance of New Jersey

North American specialty insurance brokerage Risk Strategies reports it has acquired Felsen Insurance Services, Inc., a New Jersey-based agency offering commercial and personal property/casualty insurance. Terms of the deal were not disclosed. Established in 1985, Felsen is based in Denville, …

13 11, 2024

Amtrak Service Disrupted After Fire Near Tracks in New York City

By | November 13th, 2024|Uncategorized|Comments Off on Amtrak Service Disrupted After Fire Near Tracks in New York City

Amtrak service in parts of the Northeast was disrupted or delayed Tuesday after a fire broke out near a train route in New York City. Amtrak said initial reports indicated a brush fire stemming from a transformer at an Amtrak …

14 11, 2024

Hub Acquires R.K. Gore & Associates in Utah

By | November 14th, 2024|Uncategorized|Comments Off on Hub Acquires R.K. Gore & Associates in Utah

Hub International Ltd. acquired the assets of R.K. Gore & Associates in Lehi, Utah. Robert Gore, owner, and the R.K. Gore & Associates team will join Hub Southern California and Utah. R.K. Gore & Associates will be referred to as …

14 11, 2024

California Labor Commissioner Recovers Nearly $1M in for Bakery Workers

By | November 14th, 2024|Uncategorized|Comments Off on California Labor Commissioner Recovers Nearly $1M in for Bakery Workers

The California Labor Commissioner’s Office reached a $942,604 settlement in a case involving a wholesale bakery in Vista that closed its doors without paying 187 workers. Baked in the Sun shut down without paying its employees, resulting in workers not …

14 11, 2024

Police Cruiser Strikes and Kills Bicyclist Pulling Trailer in Vermont

By | November 14th, 2024|Uncategorized|Comments Off on Police Cruiser Strikes and Kills Bicyclist Pulling Trailer in Vermont

A bicyclist pulling a trailer in Vermont died after he was struck by a police cruiser, state police said. The crash happened just before 3 a.m. Monday on U.S. Highway 7 in South Burlington. The officer, a sergeant with the …

14 11, 2024

Underwriting Games: To Manage the Cycle Effectively, Focus on Behavior

By | November 14th, 2024|Uncategorized|Comments Off on Underwriting Games: To Manage the Cycle Effectively, Focus on Behavior

Executive summary: When actual prices line up with technical prices, insurers expect underwriting profits to emerge. But what if underwriters find ways to adjust technical prices downwards? In the second part of a two-part series, Tony Buckle and John Carolin, …

14 11, 2024

Family of Security Guard Shot and Killed at Oregon Hospital Sues Facility for $35M

By | November 14th, 2024|Uncategorized|Comments Off on Family of Security Guard Shot and Killed at Oregon Hospital Sues Facility for $35M

The family of a security guard who was shot and killed at a hospital in Portland, Oregon, sued the facility for $35 million on Tuesday, accusing it of negligence and failing to respond to the dangers that the gunman posed …