Insurance News

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

  • North Dakota Aerospace School Halts Flights After Student Dies in Crash
    on October 22, 2021 at 4:55 pm

    The University of North Dakota’s aerospace school has cancelled all flight activities after a student pilot from Chicago died in a plane crash. The University of North Dakota plane went down about 8:30 p.m. on Oct. 18 in a field …

  • Louisiana Mayor: 300-400 Buildings Condemned From Hurricane Laura Damage
    on October 22, 2021 at 4:41 pm

    A Louisiana mayor says 300 to 400 commercial buildings damaged last year by Hurricane Laura are being condemned or marked for demolition. Lake Charles Mayor Nic Hunter told the City Council on Wednesday that he realizes business owners have needed …

  • Texas Regulators OK Rule Requiring Power Companies to Better Prepare for Winter
    by admin on October 22, 2021 at 4:20 pm

    Texas utility regulators on Oct. 21 approved a rule requiring power companies to better prepare for winter weather — based on recommendations that were made, but never acted upon, a decade ago by experts and federal regulators after a 2011 …

  • Missouri Officials: Teacher Information Data Breach to Cost $50M Outline
    by admin on October 22, 2021 at 4:06 pm

    Help for roughly 100,000 teachers whose Social Security numbers were made vulnerable in a massive state data breach could cost Missouri as much as $50 million, the governor’s office confirmed. The estimate includes the cost of credit monitoring and a …

  • Parents of Unrestrained Girl Killed on Ride Sue Colorado Theme Park
    on October 22, 2021 at 2:42 pm

    On her family’s first trip since the pandemic began, 6-year-old Wongel Estifanos got on a vertical drop ride at a Colorado amusement park with her uncle, aunt and cousins last month. When the floor pulled away from beneath them, everyone …

  • Climate Change Makes Drought Recovery Tougher in Western U.S.
    by admin on October 22, 2021 at 2:37 pm

    Californians rejoiced this week when big drops of water started falling from the sky for the first time in any measurable way since the spring, an annual soaking that heralds the start of the rainy season following some of the …

  • The Liberty Company Insurance Brokers Forms MGA Aura Risk in California
    on October 22, 2021 at 2:33 pm

    The Liberty Company Insurance Brokers formed a new managing general agency, Aura Risk Management, providing program administration and a wholesale trading platform for its carriers, Liberty producers, and Aura’s growing national network of select agencies. San Clemente, Calif.-based Aura Risk …

  • Fintech Paytm Gets Regulatory Nod for India’s Biggest Ever IPO: Source
    by admin on October 22, 2021 at 2:20 pm

    NEW DELHI – Indian fintech firm Paytm has received approval from the capital markets regulator for its $2.2 billion stock market listing that is likely to be India’s biggest ever IPO, a source familiar with the matter told Reuters on …

  • Guy Carpenter Launches Global Insurtech Center of Excellence
    on October 22, 2021 at 1:54 pm

    Guy Carpenter & Co., the reinsurance brokerage business of Marsh McLennan, announced the launch of the Guy Carpenter Insurtech Center of Excellence (COE) to provide comprehensive services to global re/insurance carriers and managing general agents (MGAs), powered through modern technology …

  • People Moves: New Hire at Willis, Chamness Elected to Norfolk & Dedham Boards
    on October 22, 2021 at 1:24 pm

    Willis Towers Watson Hires Latham to Mid-Atlantic FINEX Commercial Team Willis Towers Watson, a global advisory, broking and solutions company, hired Kenneth Latham to as associate director for the Mid-Atlantic FINEX commercial team. Latham will be responsible for all aspects …