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Tropical Storm Lisa on Track to Strike Belize as 12th Atlantic Storm of 2022
Insurance Journal | November 1, 2022
Tropical Storm Lisa on Track to Strike Belize as 12th Atlantic Storm of 2022
Tropical Storm Lisa has spun up in the Caribbean Sea south of Jamaica, on track to strike Belize late Wednesday as the 12th storm of this year’s Atlantic hurricane season. Lisa’s top winds have reached 40 miles (64 kilometers) per …
Carlyle Aviation Sues Insurers Over Seized Planes Leased to Russian Airlines
Insurance Journal | November 1, 2022
Carlyle Aviation Sues Insurers Over Seized Planes Leased to Russian Airlines
Carlyle Aviation Partners said it sued a group of insurance companies and re-insurers claiming they failed to pay for losses stemming from the seizure of planes leased to Russian airlines following the invasion of Ukraine. Carlyle Aviation leased 23 planes …
Aon: Business Leaders Say Recession Looms; What Sets Prepared Companies Apart?
Insurance Journal | November 1, 2022
Aon: Business Leaders Say Recession Looms; What Sets Prepared Companies Apart?
Despite a majority of global business leaders expecting a recession within the next year, many still have a positive outlook on the economy. Some leaders even reported feeling very prepared heading into a recession. That’s according to Aon’s 2022 Executive …
Wells Fargo Says SEC Is Examining its Hiring Practices
Insurance Journal | November 1, 2022
Wells Fargo Says SEC Is Examining its Hiring Practices
Wells Fargo & Co said on Monday that the U.S. Securities and Exchange Commission has begun investigating its hiring practices, after the Department of Justice had opened a related probe. In its quarterly report filed with the SEC, the fourth-largest …
Exclusion Wording Not Clear, Florida Appeals Court Says in Air Quality Case
Insurance Journal | November 1, 2022
Exclusion Wording Not Clear, Florida Appeals Court Says in Air Quality Case
Despite repeated references to “water damage,” the ambiguous wording of a policy exclusion by Southern-Owners Insurance Co. does not necessarily bar those types of claims, a Florida appeals court found in a win for a well-known mold testing firm. “While …
State Inspector Cites Regulatory Lapses in Fatal New York Limo Crash
Insurance Journal | November 1, 2022
State Inspector Cites Regulatory Lapses in Fatal New York Limo Crash
New York regulators failed to do all they could to sideline a poorly maintained stretch limousine that careened down a hill and crashed in 2018, killing 20 people, according to a state watchdog. State Inspector General Lucy Lang released a …
Arthur J. Gallagher & Co. Acquires Minnesota’s f3 Companies
Insurance Journal | October 31, 2022
Arthur J. Gallagher & Co. Acquires Minnesota’s f3 Companies
Arthur J. Gallagher & Co. announced the acquisition of the f3 Companies. Terms of the transaction were not disclosed. Included in the acquisition are Burnsville, Minnesota-based f3Logic, LLC; Burnsville, Minnesota-based f3Investment Management, LLC; Richmond, Virginia-based Financial Consultants of America, Inc.; …
Oklahoma House Fires Leaves 8 Dead
Insurance Journal | October 31, 2022
Oklahoma House Fires Leaves 8 Dead
BROKEN ARROW, Okla. (AP) – Eight people were found dead in a burning Tulsa-area house in what was being investigated as multiple homicides, police said. The fire was reported about 4 p.m. Thursday, Oct. 27 in a quiet residential area …
USI Acquires Oklahoma’s Beasley & Company
Insurance Journal | October 31, 2022
USI Acquires Oklahoma’s Beasley & Company
USI Insurance Services announced the acquisition of Tulsa, Oklahoma-based Beasley & Company. Founded in 1992, Beasley & Company is a regional benefit consulting firm specializing in retirement, executive compensation and health & welfare benefit plans. The company’s operations will be …
South Dakota Sees Increase in Medical Pot Cards
Insurance Journal | October 31, 2022
South Dakota Sees Increase in Medical Pot Cards
SIOUX FALLS, S.D. (AP) – South Dakota has seen a rapid rise in people registering to use medical marijuana in recent months, as many obtain their patient cards through temporary consultation sites rather than their regular medical providers, a state …