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Insurance Journal | July 19, 2024

Hurricane Beryl Caused Estimated $2-3B in Insured Losses to U.S. Property: Verisk

Estimated industry insured losses to onshore property from wind in the U.S. for Hurricane Beryl will range between $2 billion to $3 billion, Verisk’s Extreme Event Solutions business unit said. Beryl made landfall near Matagorda Bay, Texas the morning of …

Insurance Journal | July 19, 2024

Global IT Crash That Blocked 911 Calls and Grounded Planes Eases

In what will go down as the most spectacular IT failure the world has ever seen, a botched software update from cybersecurity firm CrowdStrike Holdings Inc. crashed countless Microsoft Windows computer systems globally. Microsoft Corp. and CrowdStrike have rolled out …

Insurance Journal | July 19, 2024

Tesla’s California Car Registrations Fall for Third Straight Quarter

Registrations of Tesla cars in California fell 24% in the April to June period, marking the third consecutive quarter that the company posted a sales drop in its key market, indicating mounting challenges for the EV maker, according to industry …

Insurance Journal | July 19, 2024

People Moves: Ohio Bar Liability Insurance Company Names Tribble as CEO

Ohio Bar Liability Insurance Company announced that John R. Tribble, MBA, CPCU, CCLA will be joining the company as its next President and CEO. Tribble has held a variety of positions during the past eight years with Church Mutual Insurance …

Insurance Journal | July 10, 2024

People Moves: Society Insurance Names Brown to Board of Directors

Society Insurance, headquartered in Fond du Lac, Wisconsin, elected Sherman Brown of Chicago as a director at its annual meeting of policyholders. Thomas Gross retired from Society’s board of directors after serving for 27 years. Brown is executive vice president …

Insurance Journal | July 10, 2024

Chubb Continues Promotion Spree in North American Operations

Chubb today announced an additional handful of promotions within its North America insurance operations, with Ana Robic and Ben Rockwell getting appointed senior vice president of Chubb Group. Robic is division president, North America personal risk services, and Rockwell is …

Insurance Journal | July 10, 2024

Ford Pro Expands to Minnesota and Maryland

Ford Pro is expanding the availability of its commercial auto coverage, Ford Pro Insure, to Maryland and Minnesota. Ford Pro is underwritten by Ford Credit’s insurance subsidiary and powered by Pie Insurance. Minnesota is the first state with a Ford …

Insurance Journal | July 10, 2024

Markets/Coverages: High-End Home Insurer Openly Enters Virginia

Home insurer Openly has begun offering its coverage options to independent insurance agents and their policyholders in Virginia. Already active in 23 states, the upmarket home insurer said it is launching in Virginia with a phased introduction, granting access to …

Insurance Journal | July 10, 2024

‘We’re All Going to See the Impact’ – Beryl Could Worsen Texas Insurance Crisis

Insurance agent Ian Hartgrove was one of many Houston residents caught off guard by the size of Hurricane Beryl, which made landfall on the Texas Gulf Coast Monday morning. Beryl had weakened to a Category 1 hurricane by the time …

Insurance Journal | July 10, 2024

Hub International Acquires Wyatt Agency in Tennessee

Hub International Ltd., the global insurance brokerage and financial services firm, has expanded again with the acquisition of Wyatt Insurance Services in Tennessee. With offices in Knoxville and Clarksville, Wyatt is an independent agency specializing in commercial and personal insurance, …

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