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Category: Insurance Journal

First MainStreet Adds 3 Iowa Partner Agencies
Insurance Journal | January 10, 2023
First MainStreet Adds 3 Iowa Partner Agencies
First MainStreet Insurance L.C. (FMSI), an affiliate of TrueNorth Companies L.C., closed out 2022 with adding three additional partner agencies to the platform. In total, the firm completed 11 new partnerships in 2022, ten in the state of Iowa and …
Western Fire Chiefs and Milliman Join to Reduce Risk in Wildland-Urban Interface
Insurance Journal | January 10, 2023
Western Fire Chiefs and Milliman Join to Reduce Risk in Wildland-Urban Interface
The Western Fire Chiefs Association established a strategic alliance with Milliman with the stated goal of intelligently driving down risk in the Wildland-Urban Interface. “At the end of the day actuaries and fire chiefs are trying to solve the same …
Three Hurt as SUV Hit Small Plane After Nevada Highway Landing
Insurance Journal | January 10, 2023
Three Hurt as SUV Hit Small Plane After Nevada Highway Landing
A small plane clipped an SUV as it made an emergency landing on a highway north of Las Vegas, sending three people to a hospital as a precaution. Nevada State Police said the two-seater plane was having mechanical issues and …
Idaho Hot Pool Roof Fall Sends 7 to Hospitals, Cause Unknown
Insurance Journal | January 10, 2023
Idaho Hot Pool Roof Fall Sends 7 to Hospitals, Cause Unknown
A roof collapsed on bathers at an Idaho hot spring, sending seven people to hospitals with a variety of injuries. The injured ranged in age from 9 to 70. All were conscious and in stable condition when taken for further …
Banks Still Need to Learn Lessons from 2022 Crises: BoE
Insurance Journal | January 10, 2023
Banks Still Need to Learn Lessons from 2022 Crises: BoE
Banks still need to improve their risk management and learn the lessons from various crises that rocked markets in 2022, regulators at the Bank of England said on Tuesday. The market reaction to Russia’s invasion of Ukraine and turmoil in …
SEC Charges McDonald’s Ex-CEO for Misrepresentations to Investors
Insurance Journal | January 10, 2023
SEC Charges McDonald’s Ex-CEO for Misrepresentations to Investors
The U.S. Securities and Exchange Commission on Monday charged former McDonald’s Corp Chief Executive Stephen Easterbrook with making false and misleading statements to investors about the circumstances of his 2019 termination. The SEC hit Easterbrook with a five-year officer and …
South Carolina DOI Sees $10 Million to Policyholders After Complaints about Insurers
Insurance Journal | January 10, 2023
South Carolina DOI Sees $10 Million to Policyholders After Complaints about Insurers
The South Carolina Department of Insurance in 2022 returned $10.3 million to policyholders who filed complaints about insurance companies, the department said in a bulletin Tuesday. The department resolved some 4,500 complaints last year, with an average payment of $2,294. …
$2 Million Now Available for Tennessee Rescue Squad Safety and Response Gear
Insurance Journal | January 10, 2023
$2 Million Now Available for Tennessee Rescue Squad Safety and Response Gear
Rescue squads in Tennessee can now apply for state grants for equipment used in emergency response and for equipment used to protect rescue workers. The Tennessee Department of Commerce and Insurance announced this week that $2 million is now available …
Florida Rodeo Rider Dies After Being Thrown From Horse
Insurance Journal | January 10, 2023
Florida Rodeo Rider Dies After Being Thrown From Horse
A woman died after she was thrown from a horse at a rodeo in the Florida panhandle, authorities said Sunday. The 56-year-old woman had just finished competing in a barrel race at the Baker Rodeo on Saturday when she was …
Environmental, Social and Governance Credit Risks to Rise in 2023: Moody’s
Insurance Journal | January 10, 2023
Environmental, Social and Governance Credit Risks to Rise in 2023: Moody’s
Economic and political turbulence caused by the COVID-19 pandemic and Russia’s invasion of Ukraine will be likely to heighten environmental, social and governance (ESG) credit risks this year, credit rating agency Moody’s said on Monday. The cost-of-living crisis stemming from …