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Archive: November 2022

People Moves: Texas DWC Announces Executive Staff Changes
Insurance Journal | November 30, 2022
People Moves: Texas DWC Announces Executive Staff Changes
Texas Department of Insurance DWC announces executive staff changes The Texas Department of Insurance, Division of Workers’ Compensation (DWC), headquartered in Austin Texas, has announced several executive staff changes. Erica De La Cruz is now deputy commissioner of claims and …
Trial Over Arkansas Youth Gender Care Ban Resumes
Insurance Journal | November 30, 2022
Trial Over Arkansas Youth Gender Care Ban Resumes
LITTLE ROCK, Ark. (AP) _ A psychiatrist called to the stand by Arkansas as the state defends its ban on gender-affirming care for children said Monday he was concerned about the impact the law could have on some transgender youth …
Ex-Iowa Insurance Agent Charged With Forgery, Fraud Sales Theft
Insurance Journal | November 30, 2022
Ex-Iowa Insurance Agent Charged With Forgery, Fraud Sales Theft
Joseph Drahozal, age 57, of Cedar Rapids was charged with one count of Forgery (Class D Felony), two counts of Fraudulent Sales Practice under $10,000 (Class D Felony), and one count of Theft in the third degree (Aggravated Misdemeanor) following …
Safety Procedures Not Enforced Before Michigan School Shooting
Insurance Journal | November 30, 2022
Safety Procedures Not Enforced Before Michigan School Shooting
OXFORD, Mich. (AP) – Policies and procedures that could have prevented a mass shooting that left four students dead at a Michigan high school last year were approved earlier but never implemented, two former school board officials said Monday. Tom …
La. Supreme Court to Hear Appeal of Rare Policyholder Victory in COVID Claim
Insurance Journal | November 30, 2022
La. Supreme Court to Hear Appeal of Rare Policyholder Victory in COVID Claim
The Louisiana Supreme Court has agreed to review an appellate court decision that found the COVID virus caused a direct physical loss that was covered by insurance. The Louisiana high court announced Tuesday that it will take up an appeal …
Insurance Broker BMS Group’s Owners Weigh Its Sale, With £600 Million Valuation
Insurance Journal | November 30, 2022
Insurance Broker BMS Group’s Owners Weigh Its Sale, With £600 Million Valuation
British Columbia Investment Management Corp. and Preservation Capital Partners are considering a sale of BMS Group that could value the insurance broker at more than £600 million ($720 million), people familiar with the matter said. The investment firms are working …
People Moves: New Client Relationship Leaders at AXA XL; Marsh Specialty Hires Knowles to Head PEMA Practice; Corvus Nabs a CMO
Insurance Journal | November 30, 2022
People Moves: New Client Relationship Leaders at AXA XL; Marsh Specialty Hires Knowles to Head PEMA Practice; Corvus Nabs a CMO
AXA XL Adds New Client Relationship Leaders in the Americas AXA XL welcomed two new members to its client management team with the addition of Rana Gillmon and Allan Jackson as senior client relationship leaders. Both are based in Atlanta, …
U.S. E&S Premiums Continue Growth in 2022: S&P
Insurance Journal | November 30, 2022
U.S. E&S Premiums Continue Growth in 2022: S&P
According to an analysis by S&P Global Market Intelligence, the U.S. excess and surplus market continued to grow in 2022, surging $37.6 billion in premiums during the first six months. Direct written premiums in the U.S. were up 27.6% (excluding …
Florida Supreme Court Approves Suspension of Mobile Claims Center Attorney
Insurance Journal | November 30, 2022
Florida Supreme Court Approves Suspension of Mobile Claims Center Attorney
The Florida Supreme Court has approved the emergency suspended the law license of North Fort Myers attorney Jennifer Perez, who was in charge of a “mobile claim center” that was set up in a trailer in North Fort Myers about …
Developers Pulling Plug on South Florida Projects Due to Insurance Costs
Insurance Journal | November 30, 2022
Developers Pulling Plug on South Florida Projects Due to Insurance Costs
Spiking insurance costs are impacting the real estate market in south Florida, causing some developers to put major projects on hold – despite booming demand for residential and commercial property. The Wall Street Journal reported Tuesday that a number of …