News Archives - Insurance Journal

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11 06, 2024

WTW: US Commercial Insurance Price Increases in Q1 ‘Steady’ at 6.3%

By | June 11th, 2024|Uncategorized|Comments Off on WTW: US Commercial Insurance Price Increases in Q1 ‘Steady’ at 6.3%

Broker WTW said commercial lines insurance increased overall by an average of 6.3% during the first quarter. Quarterly price increases have been about 6% since the global pandemic, WTW reported in its Commercial Lines Insurance Pricing Survey (CLIPS). Carriers during …

11 06, 2024

Fortegra Granted License to Operate in Belgium and European Union

By | June 11th, 2024|Uncategorized|Comments Off on Fortegra Granted License to Operate in Belgium and European Union

The Fortegra Group Inc., the Jacksonville, Florida-based specialty insurer and subsidiary of Tiptree Inc., announced it has received approval to operate in Belgium and the European Union. Fortegra Belgium Insurance Co. NV will be based in Brussels and will underwrite …

11 06, 2024

US House committee report finds Wall Street ‘colluded’ to curb emissions

By | June 11th, 2024|Uncategorized|Comments Off on US House committee report finds Wall Street ‘colluded’ to curb emissions

A U.S. congressional committee will accuse the biggest Wall Street firms on Tuesday, in a report seen by Reuters ahead of its publication, of colluding with advocacy groups to force companies to shrink their greenhouse gas emissions. The report is …

11 06, 2024

Pipeline Brawl in Louisiana Rattles Industry Desperate to Build

By | June 11th, 2024|Uncategorized|Comments Off on Pipeline Brawl in Louisiana Rattles Industry Desperate to Build

A legal battle in Louisiana is hobbling construction of three pipeline projects worth more than $2 billion. Yet the litigation isn’t from environmentalists: It’s spearheaded by one of the biggest natural gas pipeline operators in the US. Energy Transfer LP …

11 06, 2024

DOXA Acquires Illinois MGA CPH Insurance

By | June 11th, 2024|Uncategorized|Comments Off on DOXA Acquires Illinois MGA CPH Insurance

DOXA Insurance announced the acquisition of CPH Insurance, a Chicago-based MGA providing professional liability products for mental health, allied health and healthcare professionals. Founded in 2000 by founder and President Phil Hodson to specifically serve the mental health sector, CPH …

11 06, 2024

Kia Recalls Nearly 463,000 Telluride SUVs Due to Fire Risk

By | June 11th, 2024|Uncategorized|Comments Off on Kia Recalls Nearly 463,000 Telluride SUVs Due to Fire Risk

Kia America is recalling nearly 463,000 Telluride SUVs — and urging owners to park their cars outside and away from other structures until an issue posing a fire hazard is fixed. The front power seat motor on the affected Tellurides …

11 06, 2024

Canadian Broker Axis Insurance Gets Investment From PE Firm, Lee Equity Partners

By | June 11th, 2024|Uncategorized|Comments Off on Canadian Broker Axis Insurance Gets Investment From PE Firm, Lee Equity Partners

Axis Insurance Managers Inc., the Vancouver-based independent specialty insurance brokerage, announced it has received a significant growth investment from Lee Equity Partners LLC, a middle market private equity firm that specializes in the financial services and healthcare industries. The partnership …

11 06, 2024

Missouri Appeals Court Sides With Transgender Student in Discrimination Case

By | June 11th, 2024|Uncategorized|Comments Off on Missouri Appeals Court Sides With Transgender Student in Discrimination Case

BLUE SPRINGS, Mo. (AP) — A $4.2 million verdict that jurors ordered a Missouri school district to pay a transgender student is under consideration again. The Western District Missouri Court of Appeals found last Tuesday that a judge erred in …

11 06, 2024

Multibillion-Euro Court Battle Over Stranded Russian Jets Begins in Dublin

By | June 11th, 2024|Uncategorized|Comments Off on Multibillion-Euro Court Battle Over Stranded Russian Jets Begins in Dublin

Some of the world’s largest aircraft lessors faced off against their insurers in a Dublin courtroom on Tuesday at the start of a months-long battle over around 2.5 billion euros ($2.7 billion) of insurance claims related to jets stranded in …

11 06, 2024

ALKEME Acquires Personal and Commercial Specialist InsurePro in Utah

By | June 11th, 2024|Uncategorized|Comments Off on ALKEME Acquires Personal and Commercial Specialist InsurePro in Utah

ALKEME acquired InsurePro in Draper, Utah. Ladera Ranch, California-ALKEME is an insurance agency providing businesses and individuals with commercial and personal insurance, employee and executive benefits, retirement and wealth management services. I...