INSURANCE NEWS
Australia’s East Coast Begins Flood Cleanup as Waters Recede
Australia has drafted in emergency service teams from across the nation to help with clean-up operations after devastating floods in the eastern state of New South Wales. Almost 200 additional personnel will take up specialist roles including water rescue, and …
California And 10 Other States Launch Clean Cars Coalition Following Senate Vote
California is joining an 11-state coalition to advance clean vehicles in response to a vote by the U.S. Senate to revoke California’s authority to set its own clean air standards. The Affordable Clean Cars Coalition was formed to push the …
California Brokerage Executive to Plead Guilty to Illegal Campaign Contributions
An insurance brokerage executive in California plead guilty to breaking federal campaign laws by making contributions illegally to a joint fundraising committee. According to the U.S. Department of Justice’s Central District of California office, Teena Maria Hostovich, 66, of La …
People Moves: Jenks Named President of JH Blades; Gonzales Joins Alliant Healthcare
Starwind Specialty Insurance Services named Graham Jenks the president of JH Blades Group, which encompasses JH Blades Energy, JH Blades Marine, Southern Marine and Energy Technical Underwriters (ETU). JH Blades is a specialty platform of Starwind Specialty Insurance Services, a …
Shareholders of Swiss Insurers Helvetia and Baloise Approve Merger
The shareholders of the Swiss insurers Helvetia Holding Ltd. and Baloise Holding Ltd. approved the merger to form Helvetia Baloise Holding Ltd., at their respective extraordinary general meetings. Upon the closing of the merger, Helvetia Baloise will become the second-largest …
Don’t Miss Out: Enter Now for Insurance Journal’s Top 100 P/C Agencies Ranking
The deadline to submit for Insurance Journal’s Top 100 Agencies and Top Agency Partnerships ranking is approaching! We hope that you will consider entering your firm for Insurance Journal’s 2025 Top 100 independent property/casualty insurance agency rankings and Top Agency …
Private Funds Are Turning to Complex Bonds to Tackle Cash Crunch
Private capital firms grappling with a moribund dealmaking climate are increasingly turning to a niche securitized product to raise cash. Collateralized fund obligations, or CFOs, slice and dice private portfolios into bonds, many with top ratings, allowing their issuers to …
Dangerous-Dog Owners in Florida Must Now Get $100,000 in Liability Insurance
Owners of dangerous dogs in Florida will soon have to secure at least $100,000 in liability insurance coverage after the governor signed House Bill 593 into law this week. Also known as the Pam Rock Act after a mail carrier …
Mercedes Will Put its North American HQ in Georgia, Moving Hundreds of Jobs
Mercedes-Benz announced Thursday that it plans establish its North American headquarters in metro Atlanta, where the automaker will expand its existing U.S. corporate hub by adding hundreds of jobs relocated from other cities. The change will add about 500 jobs …
Man Charged With Providing Alcohol to Fan Who Fell from Ballpark Wall
A man has been charged with providing alcohol to the 20-year-old who fell from the outfield stands at a Pittsburgh Pirates game on April 30. Ethan Kirkwood, 21, of McKeesport, Pennsylvania, was arrested Tuesday on misdemeanor charges of furnishing alcohol …
BioLab Won’t Rebuild Chlorine Plant With History of Fires, Explosions, Toxic Clouds
The company that operated a Georgia chlorine plant with a history of explosions, chemical fires and toxic clouds that have drifted over neighborhoods outside Atlanta has decided not to rebuild the main manufacturing facility in Conyers. In a statement, BioLab …
AIG Settles Lawsuit Against E&S Rival Dellwood and Former Employees
Global insurer American International Group (AIG) has reached an out of court settlement of its legal dispute with the excess and surplus insurance firm Dellwood that was started by former AIG executives. In a filing in federal district court in …