Category: Insurance Journal

New Storms Hit California as Wet Winter Brings More Flooding, Winds and Heavy Snowfall
Insurance Journal | February 19, 2024
New Storms Hit California as Wet Winter Brings More Flooding, Winds and Heavy Snowfall
AccuWeather meteorologists on Sunday forecasted the “relentless wet pattern” will continue for residents along the West Coast at least the middle of the week, as stormy conditions will moved onshore withrounds of locally heavy rainfall and a renewed risk for …
TWIA Committee Recommends $6.5B as PML for 2024 Storm Season
Insurance Journal | February 16, 2024
TWIA Committee Recommends $6.5B as PML for 2024 Storm Season
The Texas Windstorm Insurance Association’s Actuarial & Underwriting Committee met on February 13 and voted unanimously to recommend the TWIA Board of Directors establish $6.5 billion as the Association’s 1:100 probable maximum loss (PML) for the 2024 storm season. The …
People Moves: Leif Assurance Hires Gulli and Kay as Marketing Specialists
Insurance Journal | February 16, 2024
People Moves: Leif Assurance Hires Gulli and Kay as Marketing Specialists
Leif Assurance, headquartered in St. Louis, hired Lauren Elizabeth Gulli as brand marketing specialist and Connor Kay as digital marketing specialist. Before joining Leif Assurance, Gulli was a marketing director for a business consulting firm. Before joining Leif Assurance, Kay …
February Tornadoes in Wisconsin Caused $2.4M in Damage
Insurance Journal | February 16, 2024
February Tornadoes in Wisconsin Caused $2.4M in Damage
EVANSVILLE, Wis. (AP) — The first ever tornadoes ever recorded in Wisconsin in the usually frigid month of February caused more than $2.4 million in damage, officials said Wednesday. The tornadoes that ripped through Rock County on Feb. 8 killed …
Chicken Processing Plant Fined $393K for Endangering Ohio Employees
Insurance Journal | February 9, 2024
Chicken Processing Plant Fined $393K for Endangering Ohio Employees
A chicken processing plant – with a long history of violations ‒ continues to ignore federal safety regulations and expose workers to multiple hazards while they process chickens for commercial sale, federal inspectors found. Inspectors with the U.S. Department of …
Louisiana Furniture Retailer Settles Race Discrimination Lawsuit for $105K
Insurance Journal | February 9, 2024
Louisiana Furniture Retailer Settles Race Discrimination Lawsuit for $105K
A furniture retailer and lessor based in Louisiana has agreed to pay a former employee $105,000 to settle a race discrimination lawsuit filed by the U.S. Equal Employment Opportunity Commission (EEOC), the federal agency announced. Affordable Rent-to-Own, LLC, doing business …
Court Orders Texas Adjuster to Cease Using Lloyd’s Trademarked Names
Insurance Journal | February 9, 2024
Court Orders Texas Adjuster to Cease Using Lloyd’s Trademarked Names
A Texas public adjuster committed willful infringement when he formed a corporation and a limited liability company with the names “Certain Underwriters at Lloyds London, Inc.” and “Certain Underwriters of Lloyds London,” a U.S. district court ruled on Feb. 7. …
Amazon Steers Consumers to Higher-Priced Items, Lawsuit Claims
Insurance Journal | February 9, 2024
Amazon Steers Consumers to Higher-Priced Items, Lawsuit Claims
Amazon.com was sued in a proposed U.S. class action accusing the online retailer of violating a consumer protection law by steering hundreds of millions of shoppers to higher-priced items in order to earn extra fees. According to a complaint filed …
Texas Men Indicted in $70M University Athletic Billing Scheme
Insurance Journal | February 1, 2024
Texas Men Indicted in $70M University Athletic Billing Scheme
Four individuals, including two physicians, have been indicted in the Eastern District of Texas charged with federal violations involving a university athletic billing scheme, announced U.S. Attorney Damien M. Diggs. Mouzon Bass, III, also known as Muzzy Bass, 58, of …
People Moves: AXA XL Names Chia Cyber CUO, Americas; Chubb Appoints Gillston Head of North America Industry Practices; Sheckells to Lead Alera HR Team
Insurance Journal | February 1, 2024
People Moves: AXA XL Names Chia Cyber CUO, Americas; Chubb Appoints Gillston Head of North America Industry Practices; Sheckells to Lead Alera HR Team
AXA XL Names Chia Cyber as Chief Underwriting Officer in the Americas AXA XL named Michelle Chia as chief underwriting officer for cyber in the Americas. Based in New York, Chia assumes her new role on Feb. 12. Chia joins …