News Archives - Insurance Journal

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5 06, 2024

Kansas Man Sentenced to Probation for Auto Insurance Fraud

By | June 5th, 2024|Uncategorized|Comments Off on Kansas Man Sentenced to Probation for Auto Insurance Fraud

Kansas Insurance Commissioner Vicki Schmidt announced that a Kansas man has been sentenced to six months of probation for insurance fraud. Robert Heidbreder, age 30, pleaded guilty in the District Court of Sedgwick County to one misdemeanor count of insurance …

5 06, 2024

Gallagher’s Pen Underwriting Acquires Irish MGA Wrightway Underwriting Ltd.

By | June 5th, 2024|Uncategorized|Comments Off on Gallagher’s Pen Underwriting Acquires Irish MGA Wrightway Underwriting Ltd.

Arthur J. Gallagher & Co., the Rolling Meadows, Illinois-based broker, announced that its specialist underwriting subsidiary Pen Underwriting has acquired Ireland’s Wrightway Underwriting Ltd. Terms of the transaction were not disclosed. Based in Wexford, Ireland, Wrightway is a managing general …

5 06, 2024

Climate Change Made Deadly Brazil Floods Twice As Likely, Study Finds

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Greenhouse gases produced by human activity made the recent deadly flooding in Brazil twice as likely as it would have been in the preindustrial era, according to a rapid analysis of the event by World Weather Attribution (WWA), an international …

5 06, 2024

London Hospitals Hit by Cyberattack Affecting Blood Transfusions

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Services at several London hospitals were disrupted after a provider that helps manage blood transfusions and lab services was hit by a ransomware attack. Lab services provider Synnovis confirmed the attack in a statement on Tuesday and said it was …

5 06, 2024

Sanctioned Tankers Pose Rising Environmental Risk in Mediterranean, Greece Says

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Unregulated tankers sidestepping Western sanctions are posing a bigger risk to the Mediterranean region and Greece is undertaking more protective measures to safeguard its coast, the country’s shipping minister told Reuters on Tuesday. Up to 850 oil tankers are estimated …

5 06, 2024

Oregon Report Keys in on Disabling Claims for Occupational Injuries

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Oregon’s Department of Consumer and Business Services received notification of 24,947 accepted disabling claims for occupational injuries and diseases in 2022, according to a new report looking back on data from the year. Employment increased by 71,100 workers and claims …

5 06, 2024

NSM Acquires Reinsurance MGA Strategic Underwriters International

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Global specialty insurance broker NSM Insurance Group has completed its acquisition of Strategic Underwriters International (SUI). Based in Doylestown, Pennsylvania, SUI is a managing general agent (MGA) in the casualty facultative reinsurance marketplace. SUI offers facultative casualty reinsurance for several …

5 06, 2024

Hub Acquires Vermont’s Essex Agency

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Global insurance broker Hub International Limited reported it has acquired The Essex Agency, Inc. of Essex Junction, Vermont. Terms of the transaction were not disclosed. The Essex Agency is an independent insurance agency offering personal and commercial insurance, including for …

5 06, 2024

Safety Teams Investigating After Tennessee Industrial Fire That Killed Worker

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State and federal safety officials are investigating a fatal explosion and fire at a Chattanooga, Tennessee, steel-hardening facility. The U.S. Chemical Safety and Hazard Investigation Board said it had sent a team to the TS USA liquid nitriding plant to …

5 06, 2024

Kentucky Governor Unveils Plan to Boost Rental Housing Amid Shortage

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FRANKFORT, Ky. (AP) — Kentucky Gov. Andy Beshear said this week that a rental housing shortage has gnawed at him since the recovery began from a terrifying tornado outbreak that hit western parts of the state in late 2021. The …