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County Prosecutor Accused of Misusing Insurance Funds Resigns, Denies Wrongdoing
Insurance Journal | April 10, 2024
County Prosecutor Accused of Misusing Insurance Funds Resigns, Denies Wrongdoing
The top prosecutor in a northwestern New Jersey county has resigned amid a state probe into allegations that the office lied about caseloads to pad its budget with state money meant for fraud investigations. James Pfeiffer, who had been the …
Markets/Coverages: Antares’ Syndicate Launches Credit and Political Risks Consortium
Insurance Journal | April 10, 2024
Markets/Coverages: Antares’ Syndicate Launches Credit and Political Risks Consortium
Antares Global, the multinational group of insurance and related service companies, announced that Antares Syndicate 1274 has launched a consortium for the underwriting of credit and political risk insurance. The maximum line for the consortium initially will be $40 million. …
Texas DWC Accepting Comments on Routine Rule Changes
Insurance Journal | April 10, 2024
Texas DWC Accepting Comments on Routine Rule Changes
The Texas Department of Insurance, Division of Workers’ Compensation (DWC) sent out a notice to workers’ compensation system participants that it will review all sections in the following chapters in Title 28, Texas Administrative Code: Chapter 120 (Compensation Procedure–Employers); Chapter …
Two Oklahoma Firefighters Injured Battling Wildfire That Prompted Evacuations
Insurance Journal | April 10, 2024
Two Oklahoma Firefighters Injured Battling Wildfire That Prompted Evacuations
MOORELAND, Okla. (AP) — Two Oklahoma volunteer firefighters are recovering after suffering burns battling a weekend wildfire in northwest Oklahoma, officials said. Mooreland firefighters Jared Brittain and Max Clark suffered injuries on Saturday when their truck was overrun by flames, …
People Moves: AXIS Global Markets’ Head of Underwriting Robson to Retire, Succeeded by MacGregor; Newline Europe Names Beckers as Head of Cyber Liability
Insurance Journal | April 10, 2024
People Moves: AXIS Global Markets’ Head of Underwriting Robson to Retire, Succeeded by MacGregor; Newline Europe Names Beckers as Head of Cyber Liability
This edition of International People Moves details appointments at AXIS Global Markets and Newline Europe. A summary of these new hires follows here. AXIS Global Markets’ Head of Underwriting Robson to Retire, Succeeded by MacGregor AXIS Capital Holdings Ltd. announced …
Help Wanted: Alabama DOI Seeks Proposals on Actuarial, Examination Services
Insurance Journal | April 10, 2024
Help Wanted: Alabama DOI Seeks Proposals on Actuarial, Examination Services
The Alabama Department of Insurance is seeking requests for proposals for a range of professional services, including actuarial, accounting, insurer examination, market conduct and investment examination work. The department said in a bulletin Wednesday that contracts will be awarded for …
West Virginia Saw 5 Tornadoes Last Week, Double the Yearly Average
Insurance Journal | April 10, 2024
West Virginia Saw 5 Tornadoes Last Week, Double the Yearly Average
CHARLESTON, W.Va. (AP) — The National Weather Service on Monday confirmed a fifth tornado touched down during severe storms that barreled across West Virginia last week. That’s more than double the state’s average for an entire year. West Virginia saw …
US CDC Says Bird Flu Risk Low, but Asks States to Be Ready With Testing
Insurance Journal | April 10, 2024
US CDC Says Bird Flu Risk Low, but Asks States to Be Ready With Testing
The U.S. Centers for Disease Control and Prevention (CDC) said on Monday bird flu risk to the public remains low even as it asked the state public health officials to be prepared to respond. The agency asked for plans to …
National Crime Report Shows Vehicle Thefts Surged to More than 1 Million in 2023
Insurance Journal | April 10, 2024
National Crime Report Shows Vehicle Thefts Surged to More than 1 Million in 2023
It was another record-breaking year for vehicle thefts in 2023, with more than one million vehicles reported stolen – an overall increase of 1% nationwide from 2022 to 1,020,729 last year. A report from the National Insurance Crime Bureau shows …
More Data Show All Trends Pointing in Right Direction for Florida Insurers
Insurance Journal | April 10, 2024
More Data Show All Trends Pointing in Right Direction for Florida Insurers
Policyholder surplus increased significantly, direct premium written jumped, and combined ratio has fallen for Florida-focused property insurance carriers in 2023, according to a Gallagher Re report released this week. The analysis echoes some of the good news in an S&P …