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UK Financial Services’ Firms Caught in Crossfire of Labour-Tory Business Battle
Insurance Journal | October 10, 2023
UK Financial Services’ Firms Caught in Crossfire of Labour-Tory Business Battle
Britain’s Labour party has held back the launch of a new business council after senior Conservatives intervened with financial services companies that were due to take part. Chancellor of the Exchequer Jeremy Hunt spoke to at least one business about …
Summit: Cannabis Data A Key to Growing, Retaining Client Base
Insurance Journal | October 10, 2023
Summit: Cannabis Data A Key to Growing, Retaining Client Base
Data and technology are becoming more important to the cannabis market as it matures, and insurance professionals specializing in the segment would benefit from keeping that at top of mind. A group of experts gathered during Insurance Journal’s Insuring Cannabis …
Sarasota and Ocala Named Florida Housing Hot Spots — Ocala Due to Lower Insurance
Insurance Journal | October 10, 2023
Sarasota and Ocala Named Florida Housing Hot Spots — Ocala Due to Lower Insurance
Two areas in Florida have become hot spots for home buying and building, one of them due to higher insurance costs in the rest of the state, according to news and insurance agency reports. Ocala, in the central part of …
OSHA Fines Pennsylvania Candy Factory for Not Evacuating Before Fatal Explosion
Insurance Journal | October 10, 2023
OSHA Fines Pennsylvania Candy Factory for Not Evacuating Before Fatal Explosion
A Pennsylvania chocolate factory was fined more than $44,000 by the federal workplace safety agency on Thursday for failing to evacuate before a natural gas explosion that killed seven people. R.M. Palmer Co. did not heed warnings from employees about …
Michigan’s Hastings Mutual Seeks Approval to Restructure into Mutual Holding Company Structure
Insurance Journal | October 10, 2023
Michigan’s Hastings Mutual Seeks Approval to Restructure into Mutual Holding Company Structure
Hastings Mutual Insurance Company has submitted a Plan of Reorganization with the Michigan Department of Insurance and Financial Services seeking approval to restructure into a mutual holding company structure. HMIC plans to complete the following stops: HMIC will form Hastings …
Families Blame Faulty Vehicle for Ship Fire That Killed Two New Jersey Firefighters
Insurance Journal | October 10, 2023
Families Blame Faulty Vehicle for Ship Fire That Killed Two New Jersey Firefighters
The families of two New Jersey firefighters who were killed battling a July blaze inside a cargo ship said Friday a malfunctioning vehicle being used to load cargo onto the ship caused the fire. Relatives of Newark firefighters Captains Augusto …
AXIS and Stone Point Credit Launch Monarch Point Re, Raising Over $400M of Capital
Insurance Journal | September 29, 2023
AXIS and Stone Point Credit Launch Monarch Point Re, Raising Over $400M of Capital
AXIS Capital Holdings Ltd., together with its direct and indirect subsidiaries and branches, announced that it has partnered with Stone Point Credit Adviser LLC to launch Monarch Point Re, a newly created collateralized reinsurer. The launch was accompanied by a …
Texas Comptroller: State Revenue Driven by Increasing Insurance Premiums
Insurance Journal | September 29, 2023
Texas Comptroller: State Revenue Driven by Increasing Insurance Premiums
When Texas lawmakers meet next month for a special session on funding public education, they will have more money available to them to spend than they anticipated when they passed the state’s $321.3 billion budget earlier this year, Texas Comptroller …
Keystone Adds Oklahoma’s Ascent to Growing Agency Network
Insurance Journal | September 29, 2023
Keystone Adds Oklahoma’s Ascent to Growing Agency Network
Keystone, the participant-owned insurance agency network, has added Ascent Insurance Group (formerly LBV Insurance) based in Edmond, Oklahoma to its growing network of agencies. Ascent is a boutique style commercial lines insurance brokerage specializing in workers’ compensation and commercial insurance. …
Invasive Spotted Lanternflies Found in Illinois, Threatening Crops and Native Tree
Insurance Journal | September 29, 2023
Invasive Spotted Lanternflies Found in Illinois, Threatening Crops and Native Tree
SPRINGFIELD, Ill. (AP) – Illinois is the latest state to find invasive spotted lanternflies, a winged insect that`s spreading across the eastern U.S. and is subject to squish-on-sight requests in New York and elsewhere. First detected in the U.S. nearly …