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Category: Insurance Journal

Veterans Suing 3M Over Earplugs Seek to Stop ‘False Alarm’ Bankruptcy
Insurance Journal | April 20, 2023
Veterans Suing 3M Over Earplugs Seek to Stop ‘False Alarm’ Bankruptcy
U.S. veterans and members of the military on Wednesday urged a judge to dismiss 3M’s bid to use the bankruptcy of its subsidiary Aearo Technologies to shield itself from nearly 260,000 lawsuits over military-issue earplugs that former users allege were …
Sedgwick Acquires Appraisal Service in Mississippi
Insurance Journal | April 20, 2023
Sedgwick Acquires Appraisal Service in Mississippi
Sedgwick, the global benefits, risk management and claims management firm, has acquired Appraisal Service of Mississippi Inc., an auto and property valuation firm. The move further expands Sedgwick’s presence in auto and property claims, the company said in a news …
Oakbridge Adds Another: Wilson Insurance in Georgia
Insurance Journal | April 20, 2023
Oakbridge Adds Another: Wilson Insurance in Georgia
Oakbridge Insurance Agency has continued its growth plans with the acquisition of of Wilson Insurance in Waycross, Georgia. The move is the latest expansion for Atlanta-based Oakbridge, which said it is now one of the largest independent agencies in the …
Hannover Re Latest Company to Leave Net-Zero Insurance Alliance
Insurance Journal | April 19, 2023
Hannover Re Latest Company to Leave Net-Zero Insurance Alliance
German reinsurer Hannover Re on Wednesday became the third major company to leave a global climate alliance focused on reducing emissions that has faced growing political pressure in the United States. Hannover said in an emailed statement that it was …
California Workers’ Comp Committee OK’s .03% Higher Pure Premium Filing
Insurance Journal | April 19, 2023
California Workers’ Comp Committee OK’s .03% Higher Pure Premium Filing
The Workers’ Compensation Insurance Rating Bureau of California’s Governing Committee voted on Wednesday to authorize the WCIRB to submit a Sept. 1, 2023 pure premium rate filing to the state’s Insurance Commissioner on average 0.3% above the average approved September …
TWIA to Maintain $4.6B Total Funding for 2023 Storm Season
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. …
Rural Texans Oppose Wind and Solar Development
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 …
Building Explodes and Collapses in Marseille, France
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 …
DOJ: Unjustified Force, Bias Still Plague New Orleans Police
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 …
Nexus Acquires Majority Stake in Dubai-Based MGA, Spectrum Risk Management
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 …