INSURANCE NEWS
California Assembly Passes Insurance Accelerator Bill for Clean-Fuel Truck Fleets
The California State Assembly unanimously voted for a bill that will help accelerate the transition to clean-air technology by making sure clean fleets have access to available and affordable commercial insurance. Assembly Bill 844, the Clean Fleet Insurance Accelerator legislation …
Insurer Group Concerned Over FIO Climate-Related Data Collection Effort
The National Association of Mutual Insurance Companies is airing concerns over what the group calls a “duplicative data call” issued by the Federal Insurance Office on climate change. The concerns are being expressed by NAMIC as part of a bipartisan …
AM Best Revises Outlook to Negative for Louisiana Farm Bureau Mutual
AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of Louisiana Farm Bureau Mutual Insurance Company (Louisiana Farm Bureau) (Baton Rouge, …
People Moves: Atkins Joins XPT Specialty as VP and Wholesale Casualty Broker
Atkins Joins XPT Specialty as Vice President and Wholesale Casualty Broker Drew Atkins has joined XPT Specialty’s Texas-based operations as vice president and wholesale casualty broker. XPT is headquartered in New York, New York. Atkins started his career as a …
People Moves: Celina Insurance Group Promotes Harlamert and Montgomery
Celina Insurance Group Promotes Harlamert and Montgomery Celina Insurance Group, headquartered in Yorktown, Indiana, recently promoted Trisha Harlamert to vice president of underwriting and Scott Montgomery to vice president of distribution. Harlamert has been with Celina for 27 years. She …
Michigan Baby Formula Manufacturer Sued for Disability Discrimination
Mead Johnson & Company, a manufacturer of baby formula, violated federal law at its Zeeland, Michigan facility by failing to provide a reasonable accommodation to an employee with a disability, the U.S. Equal Employment Opportunity Commission (EEOC) charged in a …
On Illinois Highway, Blinding Dust, Then ‘Crash After Crash’
DIVERNON, Ill. (AP) – Winds stirred up a wall of dust from farm fields that engulfed a stretch of busy interstate highway in a matter of minutes. The brown cloud’s intensity caked even the insides of vehicles in dirt. As …
Chubb’s Greenberg: Start Questioning the Societal Benefits of Litigation Funding
Chubb CEO Evan Greenberg said society and the business community need to start asking questions regarding the purpose of third-party litigation funding, a major contributor to increases in frequency and severity within casualty lines. “What social purpose does litigation funding …
`Insufficient Support’ Blamed for Collapse of Georgia Federal Courthouse Under Renovation
Construction crews had placed “insufficient support” beneath part of an upper floor that collapsed during renovations on the 124-year-old federal courthouse in Savannah, according to the government agency overseeing the project. Three construction workers were injured April 11 when a …
Fla. Solons Pass Accountability Bill, Banning Unexplained Changes to Adjuster Reports
After years of chipping away at incentives for lawsuits against property insurers, the Florida Legislature has approved the Insurer Accountability Act, codifying some best practices in claims handling and requiring more reporting by carriers and regulators. Senate Bill 7052 passed …
Tizzio Becomes President and CEO of AXIS Capital, Succeeding Benchimol
AXIS Capital Holdings Ltd. announced that Vincent C. Tizzio assumed the role of president and CEO of AXIS as part of a planned leadership transition, first announced in December 2022, and timed to the company’s annual general meeting held at …
Arthur J. Gallagher Acquires Leavitt Insurance Services in California
Arthur J. Gallagher & Co. acquired Woodland Hills, California-based Leavitt Insurance Services of Los Angeles. Teri Frankel, Kenneth Blaich and their team will remain in their current location under the direction of Scott Firestone, head of Gallagher’s Southwest region retail …