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Archive: May 2023

People Moves: The Hartford Promotes Within Group Benefits, Small Commercial, Personal Sales
Insurance Journal | May 30, 2023
People Moves: The Hartford Promotes Within Group Benefits, Small Commercial, Personal Sales
The Hartford announced new leadership appointments in sales and distribution across multiple lines of business in support of the company’s growth and innovation plans. Hayes Henderson has been promoted to head of sales and relationship management for group benefits, succeeding …
Judge in Montana Case Says Fire Retardant Drops Polluting Streams But Allows Use to Continue
Insurance Journal | May 30, 2023
Judge in Montana Case Says Fire Retardant Drops Polluting Streams But Allows Use to Continue
A judge ruled that the U.S. government can keep using chemical retardant to fight wildfires, despite finding that the practice pollutes streams in western states in violation of federal law. Halting the use of the red slurry material could have …
California Unlikely to Run Short of Electricity This Summer Thanks to Storms, New Power Sources
Insurance Journal | May 30, 2023
California Unlikely to Run Short of Electricity This Summer Thanks to Storms, New Power Sources
California regulators say the state is unlikely to run out of electricity this summer because of a big increase in power storage and a wet winter that filled the state’s reservoirs enough to restart hydroelectric power plants that were dormant …
Police Departments Now Offering Steering-Wheel Locks for Vulnerable Kias, Hyundais
Insurance Journal | May 30, 2023
Police Departments Now Offering Steering-Wheel Locks for Vulnerable Kias, Hyundais
While dealers and manufacturers are dealing with the sharp rise in thefts of Kia and Hyundai automobiles, police departments around the South and Midwest have begun offering free steering-wheel locks for owners of the cars. In Raleigh-Durham and in Fuquay-Varina, …
Product Recalls Hit Four-Year High in First Quarter 2023: Sedgwick
Insurance Journal | May 30, 2023
Product Recalls Hit Four-Year High in First Quarter 2023: Sedgwick
Data from the first quarter of 2023 shows that the number of product recalls in the U.S. increased 14.2% from the previous quarter. According to Sedgwick brand protection’s latest U.S. product recall index report — which analyzes recall data from …
Lightning May Not Have Struck at All: Georgia Man Wanted for False Insurance Claims
Insurance Journal | May 30, 2023
Lightning May Not Have Struck at All: Georgia Man Wanted for False Insurance Claims
Authorities were searching this week for a Georgia man who falsely claimed a lightning strike caused more than $18,000 in damage to his property, Georgia Insurance Commissioner John King said in a bulletin. Salvatore Arzillo, 52, of Buford, Georgia, filed …
South Carolina Firefighter Dies in Apartment Blaze
Insurance Journal | May 30, 2023
South Carolina Firefighter Dies in Apartment Blaze
A 25-year-old firefighter from South Carolina has died after part of a burning apartment building collapsed while firefighters were inside. Authorities said James Muller of the Irmo Fire District died Friday while he was providing aid during the response to …
Marsh McLennan’s Guy Carpenter to Buy Israeli Reinsurance Broker, Re Solutions
Insurance Journal | May 30, 2023
Marsh McLennan’s Guy Carpenter to Buy Israeli Reinsurance Broker, Re Solutions
Guy Carpenter, the reinsurance specialist business of Marsh McLennan, announced it will acquire Re Solutions, the leading independent reinsurance broker in Israel. Terms of the transaction, which is expected to close later this quarter, were not disclosed. Founded in 2010, …
Taiwan Rushes to Prevent China From Cutting Internet, Phones
Insurance Journal | May 30, 2023
Taiwan Rushes to Prevent China From Cutting Internet, Phones
Buffeted by earthquakes and the potential of conflict with China, Taiwan’s leaders want to accelerate plans to make the island more resilient to communications breakdowns and direct attacks on its digital infrastructure. It could be an impossible task. Audrey Tang, …
Japan’s Largest Insurer Joins Defectors From Climate Group
Insurance Journal | May 30, 2023
Japan’s Largest Insurer Joins Defectors From Climate Group
Tokio Marine Holdings Inc., Japan’s largest insurer by market value, is withdrawing from the Net Zero Insurance Alliance, the latest in a wave of defections from the world’s biggest climate alliance for insurers. The company declined to give a reason …