News Archives - Insurance Journal

/News Archives - Insurance Journal

About News Archives - Insurance Journal

This author has not yet filled in any details.
So far News Archives - Insurance Journal has created 6217 blog entries.
23 02, 2022

Chicago Brewery Destroyed by Fire Started in Apartment Building

By | February 23rd, 2022|Uncategorized|Comments Off on Chicago Brewery Destroyed by Fire Started in Apartment Building

A Chicago brewery was destroyed by a dramatic blaze early Feb. 21 that fire officials believe started in a nearby apartment building. The Twisted Hippo partially collapsed due to the fire which started about 3:30 a.m. in the Albany Park …

23 02, 2022

Nexus Underwriting Management Ltd. to Be Renamed Kentro Capital Ltd.

By | February 23rd, 2022|Uncategorized|Comments Off on Nexus Underwriting Management Ltd. to Be Renamed Kentro Capital Ltd.

Nexus Underwriting Management Ltd. (NUML), the London-based independent specialty managing general agent, announced it will be renamed Kentro Capital Ltd. Nexus Underwriting (Nexus), the specialty managing general agent, and Xenia Broking (Xenia), the leading credit insurance and surety distribution specialist, …

23 02, 2022

IMF Warns Britain About Relaxing High Regulatory Standards for Insurers, Banks

By | February 23rd, 2022|Uncategorized|Comments Off on IMF Warns Britain About Relaxing High Regulatory Standards for Insurers, Banks

A push to make London more attractive as a global financial center after Brexit must not threaten high standards of solvency and behavior at banks, insurers and markets, the International Monetary Fund said on Wednesday. The IMF said in its …

23 02, 2022

Virginia Lawsuit Blames Amazon Demands on Delivery Drivers for Crash

By | February 23rd, 2022|Uncategorized|Comments Off on Virginia Lawsuit Blames Amazon Demands on Delivery Drivers for Crash

A North Carolina motorcyclist who lost a leg after a collision with an Amazon delivery truck has filed a lawsuit arguing that unrealistic expectations for the tech giant’s delivery drivers have led to negligence. According to his lawsuit, filed in …

23 02, 2022

ESG Litigation Over Social Issues Is Poised to Rise

By | February 23rd, 2022|Uncategorized|Comments Off on ESG Litigation Over Social Issues Is Poised to Rise

Climate-related lawsuits like those filed against energy companies Exxon Mobil Corp., Shell Plc and PG&E Corp. have dominated ESG litigation in recent years. But there are signs an increase in cases extending beyond the environmental pillar of ESG may be …

23 02, 2022

Aging Oil Storage Ships Pose Safety, Environmental Risks Around the World

By | February 23rd, 2022|Uncategorized|Comments Off on Aging Oil Storage Ships Pose Safety, Environmental Risks Around the World

The decades-old, oil-storage ship that blew up off the coast of Nigeria recently — killing some of its crew and spewing its contents into the Atlantic Ocean — is one of many vessels of similar vintage dotted across the globe. …

23 02, 2022

Aston Lark Ireland Buys Marine & General Insurances DAC

By | February 23rd, 2022|Uncategorized|Comments Off on Aston Lark Ireland Buys Marine & General Insurances DAC

Aston Lark Ireland announced it has agreed terms to acquire Marine & General Insurances DAC. Terms of the deal, which is subject to regulatory approval, were not disclosed. Based in Dublin, Marine & General provides bespoke solutions to individuals and …

23 02, 2022

Butler Buckley Agency in Miami Joins Renaissance Alliance

By | February 23rd, 2022|Uncategorized|Comments Off on Butler Buckley Agency in Miami Joins Renaissance Alliance

Another Florida insurance agency, Butler, Buckley & Deets, has joined Renaissance Alliance, a national firm that helps agencies grow. Butler, Buckley & Deets, based in Miami, notes it is one of the oldest insurance agencies in South Florida. It provides …

23 02, 2022

City Insurance Launches in More California and Colorado Cities

By | February 23rd, 2022|Uncategorized|Comments Off on City Insurance Launches in More California and Colorado Cities

Distinguished Programs is expanding its City Insurance program to select cities in California and Colorado, as well as launching new umbrella coverage eligibility for condos and rentals with underlying City Insurance policies. The City Insurance program is now available for …

23 02, 2022

Agency’s Specialty Portfolio Often Fragmented by Working With Multiple Carriers

By | February 23rd, 2022|Uncategorized|Comments Off on Agency’s Specialty Portfolio Often Fragmented by Working With Multiple Carriers

The Hanover Insurance Group recently released its State of Specialty Insurance Report, which highlights the risks of fragmentation in the marketplace. The report spotlights the advantages agencies realize when they create strategic partnerships with select carriers that offer broad capabilities …