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Archive: October 2024

Viewpoint: Role of Private Flood Insurance Has Room to Grow With NFIP Instability
Insurance Journal | October 30, 2024
Viewpoint: Role of Private Flood Insurance Has Room to Grow With NFIP Instability
Back-to-back hurricane landfalls in the span of less than two weeks have placed flood insurance in a new light for many inside and outside of the insurance industry, if not front and center. Images of flood and storm damage from …
JPMorgan Sues Customers Over Check Fraud Linked to Glitch That Went Viral
Insurance Journal | October 30, 2024
JPMorgan Sues Customers Over Check Fraud Linked to Glitch That Went Viral
JPMorgan Chase, the largest U.S. bank, has begun suing customers for check fraud, saying they improperly withdrew funds by taking illegal advantage of a temporary technical glitch that went viral on TikTok. The glitch in late August let customers deposit …
McDonald’s sued by consumers in proposed class action over E.coli outbreak
Insurance Journal | October 30, 2024
McDonald’s sued by consumers in proposed class action over E.coli outbreak
McDonald’s was sued on Tuesday by consumers in a proposed class action stemming from the E.coli outbreak linked to onions in the fast-food chain’s Quarter Pounders. Amanda McCray of Chicago and William Michael Kraft of Davie, Florida, said they experienced …
Washington Drafting New Ergonomic Rules for Airline Ground Crews
Insurance Journal | October 30, 2024
Washington Drafting New Ergonomic Rules for Airline Ground Crews
Scheduled airline ground crews, including baggage handlers and maintenance workers, file injury claims for work-related musculoskeletal disorders at more than 10 times the statewide average, according to the Washington State Department of Labor & Industries. WMSDs, which include strains, sprains …
Arthur J. Gallagher Acquires Adept Benefits in Washington
Insurance Journal | October 30, 2024
Arthur J. Gallagher Acquires Adept Benefits in Washington
Arthur J. Gallagher & Co. acquired Snoqualmie, Washington-based Adept Benefits LLC. Adept Benefits is a health and benefits consulting firm serving clients in the greater Seattle area. Megan Narrance and her team will remain in their current location under the …
Massachusetts Reports 18 Brush Fires; Smoke Blankets Eastern Communities
Insurance Journal | October 29, 2024
Massachusetts Reports 18 Brush Fires; Smoke Blankets Eastern Communities
Residents in parts of eastern Massachusetts woke to the acrid smell of smoke Monday as firefighters worked to extinguish several brush fires. The National Weather Service said on the social platform X that smoke was trapped near the ground during …
Chubb Continues ‘Record’ Year With 13.8% Jump in Q3 Net Income
Insurance Journal | October 29, 2024
Chubb Continues ‘Record’ Year With 13.8% Jump in Q3 Net Income
Chubb recorded an 11.7% increase in P/C underwriting income with a combined ratio of 87.7 as part of third quarter net income of about $2.2 billion, up 13.8% CEO Evan G. Greenberg said the Whitehouse Station, New Jersey-based insurer is …
New Jersey Workers’ Compensation Rates to Drop 3.9% for 2025
Insurance Journal | October 29, 2024
New Jersey Workers’ Compensation Rates to Drop 3.9% for 2025
New Jersey Commissioner of Banking and Insurance Justin Zimmerman has approved a 6.9% statewide average decrease in rates for workers’ compensation and employers’ liability insurance. The new rates will apply to new and renewal policies effective January 1, 2025. The …
People Moves: Novak Joins Alliant Insurance Services’ Employee Benefits Group as SVP
Insurance Journal | October 29, 2024
People Moves: Novak Joins Alliant Insurance Services’ Employee Benefits Group as SVP
Ron Novak joined Alliant Insurance Services, headquartered in Irvine, California, as senior vice president and producer within its employee benefits group. Novak, based in Greater Fayetteville, Arkansas, works with employers across Arkansas, Oklahoma, Missouri, Tennessee, and Texas. Novak has 29 …
Arkansas Insurance Hall of Fame Honors 5 Inductees
Insurance Journal | October 18, 2024
Arkansas Insurance Hall of Fame Honors 5 Inductees
The Arkansas Insurance Hall of Fame honored five inductees and awarded seven scholarships to insurance students at its annual banquet in Conway on Oct. 17. The banquet was held on the campus of the University of Central Arkansas. The 2024 …