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Category: Insurance Journal

Texas Winter Storm Brings Slick Roadways, Power Outages
Insurance Journal | February 1, 2023
Texas Winter Storm Brings Slick Roadways, Power Outages
More than a quarter-million businesses and households in Central and East Texas did not have power Wednesday morning as a winter storm persisted, immobilizing portions of the state with slick roadways and freezing temperatures. Approximately 258,411 customers, out of about …
Experts Urge Better Access to Opioid Rescue Drugs to Save Lives in Georgia
Insurance Journal | February 1, 2023
Experts Urge Better Access to Opioid Rescue Drugs to Save Lives in Georgia
Jessie Blanchard started small nearly five years ago, just trying to get enough of the rescue drug naloxone that reverses opioid overdoses to keep her daughter from dying from an overdose. She pleaded with colleagues at the college where she’s …
Marsh McLennan Names Tomlinson CEO for U.S. and Canada
Insurance Journal | February 1, 2023
Marsh McLennan Names Tomlinson CEO for U.S. and Canada
Marsh McLennan said it has named Pat Tomlinson CEO of U.S. and Canada. He, along with Flavio Piccolomini, who was appointed International CEO, will report to Mercer President and CEO Martine Ferland and Marsh President and CEO Martin South as …
Michigan Plastics Manufacturer to Pay $663K Over Forever Chemicals Violations
Insurance Journal | February 1, 2023
Michigan Plastics Manufacturer to Pay $663K Over Forever Chemicals Violations
BRIGHTON, Mich. (AP) – A plastics manufacturer reached an agreement with the state to investigate and address hazardous substances known as “forever chemicals” at a former factory in Livingston County, Attorney General Dana Nessel said Monday. Asahi Kasei Plastics North …
Chubb Q4 Net Income Down 39%
Insurance Journal | February 1, 2023
Chubb Q4 Net Income Down 39%
Fourth quarter 2022 net income at Chubb Ltd. was about $1.3 billion, nearly 39% lower than the same period the prior year, due to catastrophe losses and results in the company’s agriculture business from a below-average crop year. The P&C …
Attacks on U.S. Power Grids Rose to All-Time High in 2022
Insurance Journal | February 1, 2023
Attacks on U.S. Power Grids Rose to All-Time High in 2022
Attacks on US power grids rose to an all-time high last year, further straining the sprawling and aging network. The number of direct physical attacks, including acts of vandalism and other suspicious activity, that potentially threatened grid reliability rose 77% …
Breaking: Slide Will Assume 91,000 Policies and Premium in United P&C Runoff in Florida
Insurance Journal | February 1, 2023
Breaking: Slide Will Assume 91,000 Policies and Premium in United P&C Runoff in Florida
One year after Slide Insurance made waves by taking over thousands of policies from a troubled Florida carrier, the young company has done it again. The Florida Office of Insurance Regulation on Tuesday signed a consent order granting Tampa-based Slide …
Feds Grant $132M to Improve California to ve Roads and Tackle Traffic Fatalities
Insurance Journal | February 1, 2023
Feds Grant $132M to Improve California to ve Roads and Tackle Traffic Fatalities
U.S. Transportation Secretary Pete Buttigieg announced $800 million in grant awards through the new Safe Streets and Roads for All Grant Program includes 50 grants for communities in California. The competitive grant program, established by President Joe Biden’s infrastructure law, …
$32M Settlement in California Child Welfare Lawsuit
Insurance Journal | February 1, 2023
$32M Settlement in California Child Welfare Lawsuit
Central California’s Tulare County will pay $32 million to settle a lawsuit alleging its child welfare agency failed to respond to reports of abuse involving an infant boy who was hospitalized for malnutrition and suffered brain damage, plaintiffs’ attorneys said …
MPL Insurers Curi and Constellation Agree to Merge
Insurance Journal | February 1, 2023
MPL Insurers Curi and Constellation Agree to Merge
Curi Holdings, Inc. and Constellation, Inc., two of the nation’s leading providers of medical professional liability (MPL) insurance, have signed an agreement to merge. Curi CEO Jason Sandner will remain CEO of Curi Holdings, Inc. Constellation President & CEO Ryan …