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Category: Insurance Journal

M6.4 in Northern California Leaves Tens of Thousands Without Power
Insurance Journal | December 20, 2022
M6.4 in Northern California Leaves Tens of Thousands Without Power
A magnitude 6.4 earthquake struck northern California on Tuesday, according to the U.S. Geological Survey. The quake struck roughly 200 miles north of San Francisco in the vicinity of the Mendocino triple junction where the Pacific, North America and Juan …
Hilb Group Expands in New York Region With Commercial Book Acquisition
Insurance Journal | December 20, 2022
Hilb Group Expands in New York Region With Commercial Book Acquisition
The Hilb Group has acquired a book of commercial property/casualty business in the tri-state region. Hilb Group did not identify the seller or size of the book of businesses. The business will be managed by Williston Park, New York-based Hiram …
3M Will Stop Producing ‘Forever Chemical’ PFAS by End of 2025
Insurance Journal | December 20, 2022
3M Will Stop Producing ‘Forever Chemical’ PFAS by End of 2025
3M Co., confronting regulatory pressure and lawsuits that threaten billions of dollars in damages, will stop making so-called forever chemicals and aim to discontinue their use in products by the end of 2025. The announcement marks a historic break with …
Winter Storm Rattling Busy US Travel Season With Cold and Snow
Insurance Journal | December 20, 2022
Winter Storm Rattling Busy US Travel Season With Cold and Snow
A massive winter storm is winding across the central US, threatening to disrupt air traffic during the busy holiday season, rake Chicago with a blizzard and send an arctic blast as far south as Texas and the Gulf of Mexico. …
California Approves Roadmap for Carbon Neutrality by 2045
Insurance Journal | December 20, 2022
California Approves Roadmap for Carbon Neutrality by 2045
California air regulators voted unanimously to approve an ambitious plan to drastically cut reliance on fossil fuels by changing practices in the energy, transportation and agriculture sectors, but critics say it doesn’t go far enough to combat climate change. The …
Massachusetts Fines Benefit Manager Over Workers’ Compensation Drug Prices
Insurance Journal | December 20, 2022
Massachusetts Fines Benefit Manager Over Workers’ Compensation Drug Prices
Massachusetts Attorney General Maura Healey announced that a pharmacy benefits manager, Health E Systems, has agreed to pay $275,000 for allegedly failing to follow prescription pricing procedures that are designed to prevent overcharges in the workers’ compensation insurance system. The …
11 Seriously Injured by Turbulence on Hawaii Flight
Insurance Journal | December 20, 2022
11 Seriously Injured by Turbulence on Hawaii Flight
Severe turbulence rocked a flight from Phoenix to Honolulu Sunday, seriously injuring 11 people in what an Hawaiian Airlines official called an isolated and unusual event. Jon Snook, the airline’s chief operating officer, said the airline hasn’t experienced “an incident …
Investment Firm Atlaris to Acquire Wisconsin’s Trean
Insurance Journal | December 20, 2022
Investment Firm Atlaris to Acquire Wisconsin’s Trean
New York-based investment firm Altaris said it has agreed to acquire the remaining 53% of stock in Wisconsin-headquartered specialty insurance company Trean Insurance Group, Inc. that it does not already own for $6.15 in cash per share. The transaction will …
Georgia Insurance Agent Sentenced After Conviction on Fake Comp Certificates
Insurance Journal | December 20, 2022
Georgia Insurance Agent Sentenced After Conviction on Fake Comp Certificates
A Georgia insurance agent is now on probation after he was convicted of providing fake workers’ compensation coverage certificates while collecting thousands of dollars in premiums. Jeffrey Alan Reichel, 66, of Suwanee, took the unusual approach of selling club memberships …
Fire Heavily Damages Buildings at Indiana Farmers’ Co-Op
Insurance Journal | December 20, 2022
Fire Heavily Damages Buildings at Indiana Farmers’ Co-Op
DILLSBORO, Ind. (AP) – A fire heavily damaged buildings at a southeastern Indiana farmers’ co-operative that provides livestock feed, producing flames visible miles away, officials and witnesses said. Thursday’s fire at the Dillsboro branch of the Laughery Valley Ag Co-Op …