Insurance Journal – Page 162 – Ben Few & Company, Inc.

Insurance Journal | January 31, 2023

People Moves: NFP Hires Hawley as SVP in its Surety Practice

NFP Hires Hawley as Senior Vice President in its Surety Practice NFP, a New York, NewYork-based property and casualty broker, benefits consultant, wealth manager, and retirement advisor, has hired Aaron Hawley as a senior vice president in its Surety practice. …

Insurance Journal | January 31, 2023

Missouri Engineering Company Fined $198K After Fatal Electrocution

A fourth-year apprentice heating, ventilation and air conditioning technician employed by U.S. Engineering Services suffered fatal electrocution after coming in contact with energized parts while repairing HVAC equipment on Aug. 24, 2022, at University Academy, a college prep charter school …

Insurance Journal | January 30, 2023

AM Best: Louisiana Insurance Incentive Program a “Short-Term Stopgap”

As Louisiana lawmakers adjourn Monday for a special session to address the state’s property insurance crisis, a commentary from AM Best says Louisiana’s plan to appropriate $45 million in funds to incentivize insurance companies to take on more property risk …

Insurance Journal | January 30, 2023

Dow Chemical to Pay $5.4M Settlement Over Michigan Chemical Spill

The U.S. Environmental Protection Agency announced a proposed $5.4 million settlement with The Dow Chemical Co. to recover costs for EPA’s cleanup work at the Tittabawassee River, Saginaw River & Bay Superfund site in Midland, Michigan. EPA began a 30-day …

Insurance Journal | January 30, 2023

North La. Families Evacuated After Train Derails

KEATCHIE, La. (AP) – About 130 people in north Louisiana are under a mandatory evacuation Saturday after a train derailed and at least two of the cars involved began leaking hazardous products, state police said. The Union Pacific Railroad train …

Insurance Journal | January 30, 2023

S&P Predicts Reinsurers Will Continue Pricing Momentum During 2023

A hard market in short-tail lines – such as property and property catastrophe – across global geographies is likely to continue throughout 2023, after beginning the year with multi-decade-high pricing increases during the January 2023 reinsurance renewals, according to a …

Insurance Journal | January 30, 2023

W.R. Berkley: Waiting for Discipline in Property; Overall Marketplace ‘Splintered’

There is no one answer to the overall insurance industry’s place within its cyclical path. Each product line needs to be looked at individually, according to Robert Berkley, CEO of W.R. Berkley Corp. “Once upon a time, most P/C product …

Insurance Journal | January 30, 2023

SC Supreme Court: Missed Deadline Not Reason to Dismiss Workers’ Comp Fee Appeal

Judges are often sticklers for court deadlines, but they have to at least give a reason for dismissing a case when a lawyer fails to file a brief on time, the South Carolina Supreme Court said this month in a …

Insurance Journal | January 30, 2023

U.S. and EU to Launch First-of-its-Kind AI Agreement

The United States and European Union on Friday announced an agreement to speed up and enhance the use of artificial intelligence to improve agriculture, healthcare, emergency response, climate forecasting and the electric grid. A senior U.S. administration official, discussing the …

Insurance Journal | January 30, 2023

Freight Truck, Express Bus Crash in Upstate New York Kills 6, Injures 3: Officials

LOUISVILLE, N.Y. (AP) — Six people died in upstate New York when a freight truck and an express bus carrying more than a dozen people collided Saturday near the U.S.-Canada border, state police said. Three others were injured, including one …