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Category: Insurance Journal

Gallagher’s June Insurance Market Report: Key Highlights and Implications for Buyers
Insurance Journal | June 30, 2023
Gallagher’s June Insurance Market Report: Key Highlights and Implications for Buyers
How does the 2023 insurance market look so far? It depends on where you stand. Property is facing its most challenging market in 20 years. But D&O rates are down after spiking in 2020. Cyber is evolving to limit exposure. …
Starting July 1, Florida Insurers Face New Guardrails on Forced-Placed Insurance
Insurance Journal | June 30, 2023
Starting July 1, Florida Insurers Face New Guardrails on Forced-Placed Insurance
Starting Saturday, insurers and mortgage lenders for Florida homeowners will face some new restrictions on lender-placed insurance policies, thanks to a bill approved by state lawmakers this year. House Bill 793 takes effect July 1 and it bars what some …
People Moves: McGriff Names Ledford Strategic Growth Officer
Insurance Journal | June 30, 2023
People Moves: McGriff Names Ledford Strategic Growth Officer
The insurance broker McGriff, part of Carolina-based Truist Insurance Holdings, has hired Rodney Ledford as strategic growth officer for its small business and personal lines division. Ledford has 18 years of experience in the lines, most recently as vice president …
Talk With Fox’s Jesse Watters Leads to Big I CEO Rusbuldt’s ‘Disappointing’ Early Exit
Insurance Journal | June 29, 2023
Talk With Fox’s Jesse Watters Leads to Big I CEO Rusbuldt’s ‘Disappointing’ Early Exit
Bob Rusbuldt — set to retire in about two months as chief executive of the Independent Insurance Agents and Brokers of America (The Big I) — was relinquished of his duties after a conversation he had with Fox News Host …
Index Measures and Quantifies Severity of Heat Waves in a Warmer World
Insurance Journal | June 29, 2023
Index Measures and Quantifies Severity of Heat Waves in a Warmer World
AccuWeather is launching what it says is the only scale that tracks the duration and severity of heat waves, which are becoming more common occurrences due to factors like climate change, deforestation and urban heat island effects. AccuWeather’s HeatWave Counter …
Nationwide E&S Exits Commercial Auto Effective July 15
Insurance Journal | June 29, 2023
Nationwide E&S Exits Commercial Auto Effective July 15
Nationwide E&S will stop writing wholesale-driven contract binding commercial auto new business, including primary brokerage auto effective July 15, according to an announcement released to Nationwide brokers this week and obtained by Insurance Journal. Beginning September 1, Nationwide E&S will …
People Moves: HOMELINK appoints Unsen as SVP of Systems; MJ Insurance Names Crick SVP of People + Culture
Insurance Journal | June 29, 2023
People Moves: HOMELINK appoints Unsen as SVP of Systems; MJ Insurance Names Crick SVP of People + Culture
HOMELINK appoints Unsen as SVP of Systems HOMELINK, headquartered in Waterloo, Iowa, appointed John Unsen as senior vice president of systems. Most recently, Unsen served as vice president of systems for VGM Insurance and previously as director of operations at …
New York Governor to Propose State Regulation After Fatal Tour Boat Accident
Insurance Journal | June 20, 2023
New York Governor to Propose State Regulation After Fatal Tour Boat Accident
Gov. Kathy Hochul said Friday she wants the state to have regulatory authority over boats that operate in caves and similar waterways following a fatal tour boat accident in an underground water tunnel off the Erie Canal. The Office of …
Purtill Named Permanent CFO of AIG
Insurance Journal | June 20, 2023
Purtill Named Permanent CFO of AIG
Sabra Purtill has been named permanent chief financial officer of American International Group (AIG), the company said. Purtill was called on in late January to fill the role of interim CFO after the firing of former interim CFO Mark Lyons, …
FloodFlash Partners with EPIC to Provide Flood Insurance in California
Insurance Journal | June 20, 2023
FloodFlash Partners with EPIC to Provide Flood Insurance in California
Parametric flood insurance company FloodFlash announced new partnerships with EPIC Insurance Brokers & Consultants to provide additional flood insurance options to businesses in California. A parametric flood insurance available to the mass market, FloodFlash’s coverage combines IoT sensor technology, computer …