INSURANCE NEWS
Participate in the Annual Young Agents Opinion Survey: Last Call
Are you a young insurance agent, 40 years old or younger? Do you know a young insurance agent? Insurance Journal is searching for young insurance agents to participate in this year’s Young Insurance Agents Opinion Survey. Tell us what you …
Six Presumed Dead After Bridge Collapse, as Port Disruptions Hit Cars to Coal
The 1.6 mile-long bridge collapsed in a matter of seconds. The catastrophic consequences are set to stretch out for weeks. As much as 2.5 million tons of coal, hundreds of cars made by Ford Motor Co., and General Motors Co., …
Houston to Sell $1.1 Billion Bonds for Firefighter Settlement
Houston plans to sell more than $1 billion in bonds to settle a firefighters’ pay dispute and the city’s chief financial officer is warning it will swell the annual budget shortfall by as much as 75%. The fourth-largest US city …
US Great Plains, Midwest Brace for More Snow: Weather Watch
A large storm is keeping the upper Great Plains and Midwest of the US stuck in winter. The region is expected to see an additional 2 to 4 inches (5 to 10 centimeters) of snowfall on Tuesday, according to a …
Midwest Builders’ Casualty Renames to Waypoint Mutual
Midwest Builders’ Casualty Mutual Company, a large, regional, specialized workers’ compensation insurance carrier, announced that they are changing their name to Waypoint Mutual effective April 1. Kansas City, Missouri-based Waypoint Mutual has served as a specialized niche workers’ compensation carrier …
Med Mal Trial Must Resume in Mysterious Case of Broken Hips at Florida Hospital
Call it the mystery of the broken hips. In 2017, 36-year-old Michael Barber attempted to take his own life by swallowing four types of medications. He then had a change of heart and called 9-1-1. He was conscious when emergency …
People Moves: JM Wilson Promotes Chalus to Transportation Underwriter
JM Wilson, headquartered in Portage, Michigan, named Eric Chalus as transportation underwriter. Chalus’s responsibilities include underwriting a new and renewal commercial transportation accounts, as well as maintaining relationships with carriers and independent insurance agents in Indiana and Kentucky. Chalus joined …
People Moves: Everest Promotes Williamson to Lead Global Re/Insurance Businesses
Everest Promotes Williamson to Lead Global Re/Insurance Businesses Everest Group Ltd., the Bermuda-based property, casualty, and specialty re/insurer, announced that Jim Williamson has been promoted to lead Everest’s reinsurance and insurance businesses. Williamson currently serves as Everest’s EVP, group chief …
Mexico’s Lawsuit Against Arizona Gun Dealers Can Proceed, US Judge Rules
A U.S. judge on Monday ruled that the Mexican government could move forward with a lawsuit accusing five Arizona gun dealers of participating in the trafficking of weapons and ammunition to drug cartels across the U.S.-Mexico border. U.S. District Judge …
People: Atlas Elevates Two in Florida, Tennessee’s Assistant Commissioner Retires
Atlas Insurance has named Jared Hawkins and Michael Howard partners in the Sarasota-based agency. Howard is a third-generation insurance agent at the firm and Hawkins is a second-generation agent who specializes in construction coverage, the Sarasota Herald-Tribune reported. Hawkins has …
Baltimore Under State of Emergency. Videos Capture Bridge Collapse, Eyewitnesses, Rescue Operation.
Baltimore Mayor Brandon M. Scott has declared a state of emergency in Baltimore City in response to the Francis Scott Key Bridge collapse incident that took place this morning. The declaration mobilizes Baltimore’s emergency resources to protect the persons affected …
2023 Underwriting Losses Improve but Persist in U.S. P/C Industry
The U.S. property/casualty insurance industry recorded a slight underwriting improvement in 2023, but losses persisted, according to a new AM Best report. Preliminary data from the global credit rating agency shows that the industry posted a $21.2 billion net underwriting …