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Category: Insurance Journal

USI Acquires Oklahoma’s Beasley & Company
Insurance Journal | October 31, 2022
USI Acquires Oklahoma’s Beasley & Company
USI Insurance Services announced the acquisition of Tulsa, Oklahoma-based Beasley & Company. Founded in 1992, Beasley & Company is a regional benefit consulting firm specializing in retirement, executive compensation and health & welfare benefit plans. The company’s operations will be …
South Dakota Sees Increase in Medical Pot Cards
Insurance Journal | October 31, 2022
South Dakota Sees Increase in Medical Pot Cards
SIOUX FALLS, S.D. (AP) – South Dakota has seen a rapid rise in people registering to use medical marijuana in recent months, as many obtain their patient cards through temporary consultation sites rather than their regular medical providers, a state …
Hurricane Ian’s Lucrative Cleanup Deals Generating New Tempests
Insurance Journal | October 30, 2022
Hurricane Ian’s Lucrative Cleanup Deals Generating New Tempests
It has been a month since Hurricane Ian wiped out parts of southwest Florida. Now multimillion-dollar cleanup contracts are generating new tempests in the Category 4 storm’s wake. Contractors who remove debris and perform post-storm repairs are fighting over local …
WTW Posts Drop in Q2 Net Income, Revises 2024 Outlook on Russia Losses
Insurance Journal | October 28, 2022
WTW Posts Drop in Q2 Net Income, Revises 2024 Outlook on Russia Losses
Third-quarter net income at broker WTW was $192 million compared to $907 million during the prior-year third quarter. Net income for the third quarter 2021 included the $1 billion income receipt that was received as a result of the break-up …
Arkansas Motorcyclist’s Backpack Ignites When Officer Uses Taser
Insurance Journal | October 28, 2022
Arkansas Motorcyclist’s Backpack Ignites When Officer Uses Taser
NORTH LITTLE ROCK, Ark. (AP) – An Arkansas motorcyclist carrying a gasoline-filled backpack was expected to survive after he was engulfed by a fireball when a state trooper used a Taser on him during a traffic stop, authorities said. The …
Hurricane Ian Fallout, Inflation Among Talking Points at AAIS Pulse
Insurance Journal | October 28, 2022
Hurricane Ian Fallout, Inflation Among Talking Points at AAIS Pulse
The enormous amount of uninsured loss from Hurricane Ian will lead to a “veritable swamp” of trial lawyers waiting to sue the insurance industry, according to one industry expert at AAIS Pulse. “This could be anything from the old wind-versus-water …
FAA Warns of Aviation Safety Risks Without U.S. Mandate on 5G Limits
Insurance Journal | October 28, 2022
FAA Warns of Aviation Safety Risks Without U.S. Mandate on 5G Limits
The Federal Aviation Administration (FAA) wants the U.S. telecommunications regulatory agency to ensure a delay in some 5G C-Band transmissions from smaller operators. Acting FAA Administrator Billy Nolen said the agency wants the Federal Communications Commission (FCC) to mandate voluntary …
Climate Concern Dropped Amid the Pandemic, but Not for Everyone
Insurance Journal | October 20, 2022
Climate Concern Dropped Amid the Pandemic, but Not for Everyone
Evidently, climate concern dropped last year. A new Gallup World Risk Poll shows fewer than half of those questioned said climate change poses a “very serious threat” to their nations in the next 20 years. It was down overall, but …
Inszone Acquires Texas’ Proctor Insurance
Insurance Journal | October 20, 2022
Inszone Acquires Texas’ Proctor Insurance
Inszone Insurance Services announced the acquisition of Proctor Insurance, providing the fifth acquisition in the state of Texas. Based in Houston, Proctor offers business and personal lines and specializes in hotels and motels. The agency was founded by Jeff Proctor …
Arthur J. Gallagher Acquires Illinois-Based Cason, Huff & Schlueter
Insurance Journal | October 20, 2022
Arthur J. Gallagher Acquires Illinois-Based Cason, Huff & Schlueter
Arthur J. Gallagher & Co. announced the acquisition of Quincy, Illinois-based Cason, Huff & Schlueter Insurance. Terms of the transaction were not disclosed. Founded in 1923, Cason, Huff & Schlueter is a retail insurance agency specializing in personal and commercial …