INSURANCE NEWS
How Push for the Atomic Bomb Spawned Enduring Radioactive Waste Problems in St. Louis
ST. LOUIS (AP) __ The federal government and companies responsible for nuclear bomb production and atomic waste storage sites in the St. Louis area in the mid- 20th century were aware of health risks, spills, improperly stored contaminants and other …
Forecasters Warn of ‘Life Threatening` Flash Flooding in Parts of Arkansas and Louisiana
EMERSON, Ark. (AP) – Forecasters warned Wednesday of possible life threatening flash flooding in parts of southern Arkansas and northern Louisiana as heavy rain battered the region. The National Weather Service urged residents in four towns in Arkansas` Columbia County …
Bill to Make Big Companies in California Disclose Emissions Worth Watching in All States
A bill to make large companies in California disclose their emissions is worth a watch in all states. The moving through California Legislature – it passed the Assembly Natural Resources Committee this week – could set a stage in other …
People Moves: Incline P&C Group Hires Gorney as COO
Incline P&C Group Hires Gorney as COO Incline P&C Group, headquartered in Austin, Texas, appointed George Gorney as chief operating officer. Gorney joins Incline from U.S. Risk Insurance Group, where he previously held the role of chief information officer and …
People Moves: Powers Hires Favazza as Commercial Lines Risk Management Advisor; Ryan Specialty Appoints D’Onofrio CEO and Alvin CUO
Powers Insurance & Risk Management Hires Favazza as Commercial Lines Risk Management Advisor Powers Insurance & Risk Management, headquartered in St. Louis, Mo., hired Giovanni “Johnny” Favazza as commercial lines risk management advisor. Prior to joining Powers, he worked as …
2023 Arkansas Insurance Hall of Fame Class Announced
The Arkansas Insurance Hall of Fame has announced the 2023 class of inductees. Six new inductees will be honored at the 2023 Induction Banquet on Thursday, Oct. 19, 2023 at the Health, Physical Education & Recreation (HPER) Center on the …
Progressive Returns to Positive Net Income in Q2
Second quarter net income at Progressive Corp. was $345.4 million, reversing a loss of nearly $543 million during the same quarter in 2022, as net income in June was about $41 million compared to a loss of nearly $437 million …
5th Circuit Asks Texas Supreme Ct. if Attorney Fees Owed After Insurer Pays Appraisal Award
A federal appellate court, grappling with conflicting decisions from federal courts, is asking the Texas Supreme Court to decide whether attorney fees can be awarded to claimants when insurers pay appraisal awards plus interest owed because of the late payment. …
Founder of Crypto Lender Celsius Network Arrested, Charged With Fraud
Alex Mashinsky, the founder and former CEO of bankrupt cryptocurrency lender Celsius Network, was arrested and charged with fraud, a U.S. prosecutor in New York said Thursday morning, as three federal regulatory agencies sued him and his company. Mashinsky, 57, …
3 Dead, 14 Injured in Illinois Crash Involving Greyhound Bus and Tractor-Trailers
HIGHLAND, Ill. (AP) __ Three people were killed and 14 others injured, some seriously, early Wednesday when a Greyhound bus crashed into three tractor- trailers parked along a highway exit to a rest area in southern Illinois, state police said. …
Miami-Dade Warns About Window Screws that Don’t Meet Code
The Miami-Dade County building inspection department is warning about imitation window screws that have failed to pass crucial tests and may not meet the county’s famously rigorous wind-load requirements. The Miami Herald reported Thursday that the building department put out …
People Moves: Romeo to Lead Axis US Marine Cargo Launch; Verisk Names Vaughan Chief Privacy Officer
Axis Capital Holdings Limited said Frank Romeo will lead the company’s entry into the US marine cargo insurance market. Romeo is responsible for building the program and identifying growth opportunities, with a targeted product launch in the second half of …