Insurance Journal – Page 149 – Ben Few & Company, Inc.

Insurance Journal | April 19, 2023

TWIA to Maintain $4.6B Total Funding for 2023 Storm Season

The Texas Windstorm Insurance Association (TIWA) Board of Directors on Tuesday elected to forego additional reinsurance beyond the $2.24 billion it selected in January, bringing the insurer of last resort’s total funding for the 2023 storm season to $4.5 billion. …

Insurance Journal | April 19, 2023

Rural Texans Oppose Wind and Solar Development

FRANKLIN COUNTY — Volunteer firefighter Jim Emery grew emotional as he spoke to the crowd at an anti-solar development town hall meeting in his northeast Texas community. Emery, who worked for decades at the nearby coal power plant before it …

Insurance Journal | April 10, 2023

Building Explodes and Collapses in Marseille, France

More than 100 firefighters worked against a ticking clock to extinguish flames deep within debris to save up to 10 people possibly buried after a building exploded and collapsed early Sunday in the French port city of Marseille. Interior Minister …

Insurance Journal | April 10, 2023

DOJ: Unjustified Force, Bias Still Plague New Orleans Police

Unjustified use of force, dangerous vehicle pursuits and racially biased policing continue to be problems for the New Orleans Police Department, the U.S. Justice Department said in a Friday court filing, opposing the city’s move to terminate a decade-old court-backed …

Insurance Journal | April 10, 2023

Nexus Acquires Majority Stake in Dubai-Based MGA, Spectrum Risk Management

Nexus Underwriting announced that it has completed the acquisition of a majority stake in Spectrum Risk Management, a specialist MGA headquartered in Dubai that focuses on marine and property insurance and reinsurance. This is the 16th acquisition for Nexus since …

Insurance Journal | April 10, 2023

Ohio Food Plant Faces $1.9M in Fines After Worker’s Leg Amputation

While working the overnight sanitation shift at an Ohio food processing plant, a 29-year-old temporary worker – on the job just nine months – suffered critical injuries after falling into an industrial blender he was cleaning and became caught in …

Insurance Journal | April 10, 2023

Detroit Apartment Fire Injures 11

DETROIT (AP) – About a dozen people were hurt in an apartment building fire early Friday morning on Detroit’s west side. Twenty people were displaced and 11 people suffered injuries including smoke inhalation, bumps and bruises, Fire Chief James Harris …

Insurance Journal | April 10, 2023

Kansas Passes Anti-ESG Bill

TOPEKA, Kan. (AP) – A proposal designed to thwart investing that considers environmental, social and governance factors has cleared the Kansas Legislature, but divisions within its GOP majorities kept the measure from being as strong as some conservatives wanted. Lawmakers …

Insurance Journal | April 10, 2023

Brazil Class-Action Lawsuit Seeks $2.5B in Damages From Alleged Orange Juice Cartel

Giants of the orange juice trade in Brazil have become defendants in a class-action lawsuit seeking $2.5 billion in damages over an alleged scheme to fix prices between 1999 and 2006, a prosecutor told Reuters. Federal Prosecutor Karen Kahn said …

Insurance Journal | April 10, 2023

Arthur J. Gallagher & Co. Acquires Texas’ Boley-Featherston

Arthur J. Gallagher & Co. announced the acquisition of Wichita Falls, Texas-based Boley-Featherston Insurance. Terms of the transaction were not disclosed. Boley-Featherston is a retail insurance agency with expertise in oil and gas, construction, health care and benefits consulting, serving …