Insurance News

Insurance Journal Insurance Journal delivers the latest business news for the Property/Casualty insurance industry

  • Mistakes on Certificates Versus Clear Policy Language
    by Christopher J. Boggs on July 23, 2021 at 5:26 pm

    “Can a certificate of insurance limit the breadth of protection provided by the insurance policy and endorsements?” This has to be the weirdest certificate of insurance (COI) question I have ever been asked. Generally, the question goes the other way, …

  • Iowa Agent Placed on Probation Owes $30K, Has License Revoked
    by Stephanie K. Jones on July 23, 2021 at 4:18 pm

    Des Moines, Iowa, Chad Mackland, of Council Bluffs, Iowa, recently submitted an Alford plea to the charge of Ongoing Criminal Conduct (Class B Felony) in Pottawattamie County District Court following an investigation by the Iowa Insurance Division’s Fraud Bureau. As …

  • 72% of Minnesota in Severe Drought
    by Stephanie K. Jones on July 23, 2021 at 4:07 pm

    The latest U.S. Drought Monitor shows 72% of Minnesota is currently experiencing severe drought — a big jump from a week earlier, when 52% of the state was considered to be in severe drought. Minnesota Public Radio News reports the …

  • Worker Shortage Hampers North Dakota Oil Production
    by Stephanie K. Jones on July 23, 2021 at 4:04 pm

    Oil production is flat in North Dakota due to a workforce shortage as the industry recovers from the coronavirus pandemic. Companies say they are in need of workers to inject water, sand and chemicals down wells to crack open rock …

  • Alera Group Acquires Oklahoma’s Keller Insurance Agency
    by Stephanie K. Jones on July 23, 2021 at 4:03 pm

    Alera Group, an independent, national insurance and wealth management firm based in Deerfield, Illinois, acquired Keller Insurance Agency, a firm specializing in commercial property/casualty insurance, with a particular focus in senior living facilities. Keller Insurance Agency is affiliated with Tulsa, …

  • W.R. Berkley Reports Strong Q2, Crediting Rate Adequacy, Improving Economy
    by admin on July 23, 2021 at 2:56 pm

    W.R. Berkley Corp. reported net premium growth exceeding 27 percent and a combined ratio under 90 for the 2021 second quarter, positive results the commercial lines insurer and reinsurer attributed to rate adequacy and an improving economy. Consolidated net premiums …

  • Fire Crews Making Progress on Massive Oregon Blaze
    by Don Jergler on July 23, 2021 at 2:52 pm

    The nation’s largest wildfire is still raging through southern Oregon but crews were scaling back some night operations as hard work and weaker winds helped reduce the spread of flames even as wildfires continued to threaten homes in neighboring California. …

  • Woman Dead, 3 Missing Following Flooding in Colorado Burn Area
    by admin on July 23, 2021 at 2:47 pm

    A woman was found dead and three other people were missing after rain triggered flooding and mudslides in an area of northern Colorado burned by a large wildfire last year, authorities said Wednesday. The woman’s body was found near the …

  • Officials: Lightning Likely Caused 2020 California Forest Fire
    by admin on July 23, 2021 at 2:43 pm

    A lightning strike likely ignited a 2020 wildfire in California’s Sierra National Forest, but the U.S. Forest Service said Friday it could not determine an official cause of the fire. September’s Creek Fire burned 600 square miles and spread so …

  • Bomb Squad Caused Damaging California Fireworks Explosion, Officials Say
    by Don Jergler on July 23, 2021 at 2:40 pm

    Los Angeles bomb technicians grossly miscalculated the weight of homemade fireworks last month when they detonated them in a containment chamber, likely causing a catastrophic explosion that injured 17 people and rocked a neighborhood, the police chief said Monday. Chief …

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