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Category: Insurance Journal

Texas Lt. Gov. Prioritizes Electric Grid Fixes for 2023 Legislative Session
Insurance Journal | December 1, 2022
Texas Lt. Gov. Prioritizes Electric Grid Fixes for 2023 Legislative Session
Lt. Gov. Dan Patrick on Wednesday unveiled a list of 21 legislative priorities including property tax relief, improving the reliability of the electric grid and continuing to spend money on border security funding. Patrick, who presides over the Senate and …
Bird Flu Outbreak Prompts Slaughter of 1.8M Chickens in Nebraska
Insurance Journal | December 1, 2022
Bird Flu Outbreak Prompts Slaughter of 1.8M Chickens in Nebraska
OMAHA, Neb. (AP) – Nebraska agriculture officials say another 1.8 million chickens must be killed after bird flu was found on a farm in the latest sign that the outbreak that has already prompted the slaughter of more than 50 …
Amwins Buys Franklin Street’s Arena Special Risks Wholesale Book
Insurance Journal | December 1, 2022
Amwins Buys Franklin Street’s Arena Special Risks Wholesale Book
Amwins, an international distributor of specialty insurance products, has purchased Atlanta-based Arena Special Risks’ wholesale business from Franklin Street. The move will allow Franklin Street to concentrate on retail insurance for the real estate market, the company said in a …
Hurricane Ian Drives Year-to-Date Insured Losses of $115B From Natural Disasters
Insurance Journal | December 1, 2022
Hurricane Ian Drives Year-to-Date Insured Losses of $115B From Natural Disasters
Hurricane Ian and other natural catastrophes, such as European winter storms, floods in Australia and hailstorms in France and the U.S., have cost insurers an estimated $115 billion so far this year, according to a report published by Swiss Re …
PCF Insurance Services Acquires Georgia-based VB@Work
Insurance Journal | December 1, 2022
PCF Insurance Services Acquires Georgia-based VB@Work
PCF Insurance Services, one of the larger brokerage firms in the country, has acquired Georgia-based Voluntary Benefits at Work. VB@Work, as it is abbreviated, said it designs employee benefits packages that minimize client administrative overhead. The merger will expand VB’s …
Hawaii Volcano Eruption Has Some on Alert, Draws Onlookers
Insurance Journal | December 1, 2022
Hawaii Volcano Eruption Has Some on Alert, Draws Onlookers
The first eruption in 38 years of the world’s largest active volcano is attracting onlookers to a national park for “spectacular” views of the event, and it’s also dredging up bad memories among some Hawaii residents who have been through …
Vet’s California Lawsuit Blaming Antimalarial Drug For Psychosis Tossed
Insurance Journal | December 1, 2022
Vet’s California Lawsuit Blaming Antimalarial Drug For Psychosis Tossed
– A federal judge threw out a lawsuit against the maker of an anti-malarial drug blamed for causing psychotic behavior and neurological damage to U.S. servicemembers, ruling that the case had no right to be filed in California. The proposed …
Harvard to Appeal Missed Insurance Claim Deadline Ruling That Cost It $15M
Insurance Journal | December 1, 2022
Harvard to Appeal Missed Insurance Claim Deadline Ruling That Cost It $15M
Harvard University has signaled its intention to appeal last month’s federal court ruling that cost it as much as $15 million for failing to notify its insurer of its claim by the policy deadline. The law firm Anderson Kill on …
K2 Insurance Services Announces New Private Equity Partner
Insurance Journal | December 1, 2022
K2 Insurance Services Announces New Private Equity Partner
K2 Insurance Services, an independent specialty insurance program manager, announced that Warburg Pincus, a global growth investor, has agreed to acquire the company from Lee Equity Partners LLC, a middle market private equity firm. According to K2, the investment will …
UK ‘Just Getting Started’ on Post-Brexit Boost to London’s Competitiveness: Minister
Insurance Journal | December 1, 2022
UK ‘Just Getting Started’ on Post-Brexit Boost to London’s Competitiveness: Minister
Britain is just at the beginning of post-Brexit efforts to keep London a top global financial center, but deregulation will be selective to ensure high standards are kept, financial services minister Andrew Griffith said on Thursday. Finance represents one in …