Category: Insurance Journal

11 Seriously Injured by Turbulence on Hawaii Flight
Insurance Journal | December 20, 2022
11 Seriously Injured by Turbulence on Hawaii Flight
Severe turbulence rocked a flight from Phoenix to Honolulu Sunday, seriously injuring 11 people in what an Hawaiian Airlines official called an isolated and unusual event. Jon Snook, the airline’s chief operating officer, said the airline hasn’t experienced “an incident …
Investment Firm Atlaris to Acquire Wisconsin’s Trean
Insurance Journal | December 20, 2022
Investment Firm Atlaris to Acquire Wisconsin’s Trean
New York-based investment firm Altaris said it has agreed to acquire the remaining 53% of stock in Wisconsin-headquartered specialty insurance company Trean Insurance Group, Inc. that it does not already own for $6.15 in cash per share. The transaction will …
Georgia Insurance Agent Sentenced After Conviction on Fake Comp Certificates
Insurance Journal | December 20, 2022
Georgia Insurance Agent Sentenced After Conviction on Fake Comp Certificates
A Georgia insurance agent is now on probation after he was convicted of providing fake workers’ compensation coverage certificates while collecting thousands of dollars in premiums. Jeffrey Alan Reichel, 66, of Suwanee, took the unusual approach of selling club memberships …
Fire Heavily Damages Buildings at Indiana Farmers’ Co-Op
Insurance Journal | December 20, 2022
Fire Heavily Damages Buildings at Indiana Farmers’ Co-Op
DILLSBORO, Ind. (AP) – A fire heavily damaged buildings at a southeastern Indiana farmers’ co-operative that provides livestock feed, producing flames visible miles away, officials and witnesses said. Thursday’s fire at the Dillsboro branch of the Laughery Valley Ag Co-Op …
Officials Release Report on 2019 Explosions at Port Neches Chemical Plant
Insurance Journal | December 20, 2022
Officials Release Report on 2019 Explosions at Port Neches Chemical Plant
The U.S. Chemical Safety and Hazard Investigation Board (CSB) released its final investigation report on the November 27, 2019, explosions and fires at the TPC Group Port Neches Operations facility Chemical Plant in Port Neches, Texas. The incident occurred when …
Death Claim Filed Too Late for Malpractice Reform Law, Says Pennsylvania High Court
Insurance Journal | December 20, 2022
Death Claim Filed Too Late for Malpractice Reform Law, Says Pennsylvania High Court
The two-year statute of limitations for medical malpractice death claims applies even if the medical records available obscured the legal cause of death, the Pennsylvania Supreme Court ruled last week. In a 3-2 decision, the high court restored a trial …
Sompo Int’l Completes Sale of Lloyd’s Run-off Business to Legacy Specialist RiverStone
Insurance Journal | December 20, 2022
Sompo Int’l Completes Sale of Lloyd’s Run-off Business to Legacy Specialist RiverStone
Sompo International, the Bermuda-based provider of commercial and consumer property and casualty re/insurance, announced that it has completed the transfer of its Endurance at Lloyd’s (EAL) run-off business to RiverStone Holdings Ltd (RiverStone International), after receiving regulatory approval from the …
Families Shattered by Tornadoes in Gulf
Insurance Journal | December 20, 2022
Families Shattered by Tornadoes in Gulf
A storm system that spawned dozens of reported tornadoes from Texas to the Florida Panhandle was all but done with the South last Thursday after killing at least three people and uprooting families across Louisiana, where some homes were blown …
EU Forms Landmark Deal to Bolster Carbon Market as Centerpiece of Green Deal
Insurance Journal | December 20, 2022
EU Forms Landmark Deal to Bolster Carbon Market as Centerpiece of Green Deal
The European Union reached an agreement to strengthen and expand its flagship carbon market, endorsing the centerpiece of the Green Deal strategy that aims to make its economy climate-neutral by mid-century. Under a provisional deal announced by representatives of EU …
EU Unity Over Russia Sanctions Falters as Europe’s Economy Weakens
Insurance Journal | December 20, 2022
EU Unity Over Russia Sanctions Falters as Europe’s Economy Weakens
European Union unity over sanctions on Russia has started to falter as jitters about the impact on Europe’s own stumbling economy weakens resolve to punish Moscow for war in Ukraine. EU leaders agreed on Thursday [Dec. 15] to a ninth …