Category: Insurance Journal

Wisconsin Roofing General Contract Fined $28K for Unsafe Work Conditions
Insurance Journal | March 31, 2023
Wisconsin Roofing General Contract Fined $28K for Unsafe Work Conditions
Federal workplace safety inspectors have found that Security-Luebke Roofing Inc. – one of Fox Valley’s largest roofing general contractors – allowed a roofing subcontractor to expose workers to potentially deadly falls at an Appleton, Wisconsin worksite, just two months after …
Judge Awards $4.7M Verdict in Chicago Police Chase Crash
Insurance Journal | March 31, 2023
Judge Awards $4.7M Verdict in Chicago Police Chase Crash
CHICAGO (AP) – A Cook County jury awarded nearly $5 million Wednesday to the family of an 84-year-old retired teacher who was killed when a police cruiser crashed into a police van and careened into a car in which she …
Activist Group Calling for Immediate Halt to Insuring Fossil Fuels
Insurance Journal | March 30, 2023
Activist Group Calling for Immediate Halt to Insuring Fossil Fuels
A letter to the world’s insurance companies from a climate activist group calls on the industry to immediately stop insuring companies and projects that promote the expansion of coal, oil and gas, and phase out all insurance services for fossil …
People Moves: Valley Insurance Agency Alliance Promotes Rucker
Insurance Journal | March 30, 2023
People Moves: Valley Insurance Agency Alliance Promotes Rucker
Valley Insurance Agency Alliance Promotes Rucker Valley Insurance Agency Alliance (VIAA), a family of more than 160 independent insurance agencies in Missouri and Illinois, recently promoted Kaylee Rucker to communication coordinator. Rucker will handle internal and external communication for alliance …
North Dakota Contractor Fined $505K After Failing 3 Inspections
Insurance Journal | March 30, 2023
North Dakota Contractor Fined $505K After Failing 3 Inspections
Twice in 2022, the owner of a Mandan, North Dakota excavation company sat behind the controls of an excavator, supervising employees below as they installed municipal water lines in trenches as deep as 10 feet without protection against deadly collapses, …
Arkansas Lawmakers Revamp Bathroom Bill Condemned as Too Extreme
Insurance Journal | March 30, 2023
Arkansas Lawmakers Revamp Bathroom Bill Condemned as Too Extreme
LITTLE ROCK, Ark. (AP) – An Arkansas bathroom bill that went further than a 2016 North Carolina law that was repealed after widespread boycotts was revamped Tuesday following complaints from members of the transgender community and their families that it …
Michigan Becomes First State in Decades to Repeal ‘Right-to-Work’ Law
Insurance Journal | March 30, 2023
Michigan Becomes First State in Decades to Repeal ‘Right-to-Work’ Law
Michigan, long known as a mainstay of organized labor, on Friday became the first state in decades to repeal a union-restricting law known as “right-to-work” that was passed over a decade ago by a Republican-controlled Legislature. The state’s “right-to-work” law …
People Moves: Everest Insurance Names Kendrick as Non-Exec Chair of European Board of Directors; OONA Insurance Appoints Marsh’s Zandueta as President, CEO
Insurance Journal | March 30, 2023
People Moves: Everest Insurance Names Kendrick as Non-Exec Chair of European Board of Directors; OONA Insurance Appoints Marsh’s Zandueta as President, CEO
This edition of International People Moves details appointments at Everest Insurance and OONA Insurance (formerly Mapfre Insurance). A summary of these new hires follows here. Everest Insurance Names Chubb’s Kendrick Chairman of European Board of Directors Everest Insurance, the insurance …
How a Labor Supplier and Insurance Broker Scammed to Evade Workers’ Compensation
Insurance Journal | March 30, 2023
How a Labor Supplier and Insurance Broker Scammed to Evade Workers’ Compensation
An unlicensed labor broker for the construction industry has pleaded guilty plea to participating in a fraud scheme in order to evade more than $1 million in workers’ compensation premiums. According to Manhattan prosecutors, Salvador Almonte, Jr. underreported the size …
Near $27B Underwriting Loss in 2022 Largest for U.S. P/C Insurers Since 2011
Insurance Journal | March 30, 2023
Near $27B Underwriting Loss in 2022 Largest for U.S. P/C Insurers Since 2011
Key financial results for private U.S. property/casualty insurers significantly worsened in 2022 from a year earlier, according to preliminary results from global analytics provider Verisk and the American Property Casualty Insurance Association (APCIA). The industry recorded a net underwriting loss …