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Archive: May 2024

Insurers Like California Governor’s Statement About Expedited Rate Filings
Insurance Journal | May 10, 2024
Insurers Like California Governor’s Statement About Expedited Rate Filings
Insurers are applauding a move by California Gov. Gavin Newsom to try and expedite the insurance rate filing process. Newsom made the proposal while discussing the state’s budget. It was mentioned in a press conference to talk about the budget, …
Wisconsin Wedding Barns Sue Over State’s New Liquor Law Requiring Licensing
Insurance Journal | May 10, 2024
Wisconsin Wedding Barns Sue Over State’s New Liquor Law Requiring Licensing
MADISON, Wis. (AP) — A pair of Wisconsin wedding barns sued the state Tuesday seeking to block enactment of a new law that requires them to get liquor licenses similar to other establishments that host events. Owners and operators of …
Inszone Acquires Texas’ Brazos Valley Insurance Agency
Insurance Journal | May 10, 2024
Inszone Acquires Texas’ Brazos Valley Insurance Agency
Inszone Insurance Services announced its 15th acquisition in the state of Texas with the successful integration of Brazos Valley Insurance Agency. The move further solidifies Inszone’s commitment to enhancing its presence in the Texas market and marks another significant milestone …
Florida’s HCI Group Reports Another Healthy Quarter
Insurance Journal | May 10, 2024
Florida’s HCI Group Reports Another Healthy Quarter
TAMPA, Fla. (AP) — HCI Group Inc. (HCI) on Wednesday reported first-quarter profit of $47.6 million, which follows a $38 million profit for Q4 2023. The Tampa-based company said it had profit of $3.81 per share. Earnings, adjusted for non-recurring …
UKMTO Reports Hijacking Attempt of Vessel East of Yemen’s Aden
Insurance Journal | May 10, 2024
UKMTO Reports Hijacking Attempt of Vessel East of Yemen’s Aden
The United Kingdom Maritime Trade Operations (UKMTO) organization said on Friday it had received a report of a failed hijacking attempt of a vessel 195 nautical miles east of Yemen’s Aden. The vessel’s master reported being approached by a small …
People Moves: Aon Names Allen as Executive Managing Director of Capital Advisory; BMS Re Hires 6 for MGA Business ProLink Solutions
Insurance Journal | May 10, 2024
People Moves: Aon Names Allen as Executive Managing Director of Capital Advisory; BMS Re Hires 6 for MGA Business ProLink Solutions
This edition of International People Moves details appointments at Aon’s Capital Advisory function and BMS Re. A summary of these new hires follows here. Aon Names Allen as Executive Managing Director of Capital Advisory Insurance broker Aon plc announced that …
Body of Last Missing Construction Worker Recovered from Baltimore Bridge Site
Insurance Journal | May 10, 2024
Body of Last Missing Construction Worker Recovered from Baltimore Bridge Site
The body of the last missing construction worker killed in the collapse of Baltimore’s Francis Scott Key Bridge in March has been recovered, officials announced Tuesday as demolition crews prepared to use explosives in the ongoing cleanup effort. Officials said …
New York City Jail Guard Suffers Burns When Body Camera Ignites
Insurance Journal | May 10, 2024
New York City Jail Guard Suffers Burns When Body Camera Ignites
A captain in New York City’s Department of Correction suffered burns and smoke inhalation when her body camera suddenly caught fire, prompting the department to stop using the equipment pending an investigation. The captain was on duty at the Rikers …
Markets/Coverages: Mosaic Launches Suite of Professional Liability Products for Specialist Engineers
Insurance Journal | May 10, 2024
Markets/Coverages: Mosaic Launches Suite of Professional Liability Products for Specialist Engineers
Mosaic Insurance, the Bermuda-based specialty insurer, has launched a suite of professional liability products for specialist engineers, offering $15 million in targeted primary coverage for unique risks. The new form offers a dedicated product, with core coverage of professional liability, …
Google Fights $17 Billion UK Lawsuit Over Adtech Practices
Insurance Journal | May 10, 2024
Google Fights $17 Billion UK Lawsuit Over Adtech Practices
Google parent Alphabet has urged a London tribunal to block a mass lawsuit which accuses it of abusing its dominance in the online advertising market, in the latest case to focus on the search giant’s business practices. The lawsuit seeks …