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Category: Insurance Journal

No Injuries Reported in Train Derailment, Partial Rail Bridge Collapse in South Dakota
Insurance Journal | September 1, 2023
No Injuries Reported in Train Derailment, Partial Rail Bridge Collapse in South Dakota
NORTH SIOUX CITY, S.D. (AP) – No injuries or hazardous spills have been reported in a train derailment in a southeastern South Dakota town that also saw a rail bridge partially collapse. The derailment happened shortly before 4 p.m. Wednesday …
Tampa Bay Gets Flooding But Again Dodges Direct Hit. Protected by Native Spirits?
Insurance Journal | September 1, 2023
Tampa Bay Gets Flooding But Again Dodges Direct Hit. Protected by Native Spirits?
Last year it was Hurricane Ian that drew a bead on Tampa Bay before abruptly shifting east to strike southwest Florida more than 130 miles away. This time it was Hurricane Idalia, which caused some serious flooding as it sideswiped …
Symington Officially Takes Over as CEO of Big I
Insurance Journal | September 1, 2023
Symington Officially Takes Over as CEO of Big I
Charles Symington is the new president and chief executive of the Independent Insurance Agents & Brokers of America (the Big I), effective Sept. 1. Last September, Symington was promoted to executive vice president and selected to succeed Bob Rusbuldt, who …
Fake Spare Parts Were Supplied to Fix Top-Selling Jet Engine
Insurance Journal | September 1, 2023
Fake Spare Parts Were Supplied to Fix Top-Selling Jet Engine
European aviation regulators have determined that an obscure London-based company supplied bogus parts for repairs of jet engines that power many older-generation Airbus SE A320 and Boeing Co. 737 planes. Manufacturing partners General Electric Co. and Safran SA have been …
People Moves: Greaves Joins Fred C. Church From MIT; Connecticut Big I Elects Jones
Insurance Journal | September 1, 2023
People Moves: Greaves Joins Fred C. Church From MIT; Connecticut Big I Elects Jones
Greaves Joins Fred C. Church Insurance Commercial Lines Fred C. Church Insurance, headquartered in Lowell, Mass., hired Damual Greaves to its education team as a client executive. Greaves joins Fred C. Church after serving in various risk management roles at …
Critics of Workplace Diversity Efforts Eye Civil War-Era Law
Insurance Journal | September 1, 2023
Critics of Workplace Diversity Efforts Eye Civil War-Era Law
Several suits filed on behalf of White workers following the US Supreme Court’s decision outlawing affirmative action in higher education are banking on a Civil War-era statute guaranteeing equal rights to Black Americans to challenge the legality of corporate diversity, …
Petroleum Asphalt Remains in Yellowstone River in Montana After Train Derailment
Insurance Journal | September 1, 2023
Petroleum Asphalt Remains in Yellowstone River in Montana After Train Derailment
Two months after a railroad bridge collapse sent carloads of hazardous oil products plunging into Montana’s Yellowstone River, the cleanup workers are gone and a mess remains. Thick mats of tarry petroleum asphalt cover portions of sandbars. Oil-speckled rocks and …
California Voting on Increasing Storage At Site of Massive Methane Leak Despite Risks
Insurance Journal | September 1, 2023
California Voting on Increasing Storage At Site of Massive Methane Leak Despite Risks
California officials are expected to vote on a proposal to increase storage capacity at the site of the nation’s largest known methane leak that sickened thousands of families and forced them from their Los Angeles homes in 2015. The proposal …
Visual Artists Fight Back Against AI Companies for Repurposing Their Work
Insurance Journal | September 1, 2023
Visual Artists Fight Back Against AI Companies for Repurposing Their Work
Kelly McKernan’s acrylic and watercolor paintings are bold and vibrant, often featuring feminine figures rendered in bright greens, blues, pinks and purples. The style, in the artist’s words, is “surreal, ethereal … dealing with discomfort in the human journey.” The …
About $2.2B Insured Losses From Hurricane Idalia, Says KCC
Insurance Journal | September 1, 2023
About $2.2B Insured Losses From Hurricane Idalia, Says KCC
Though it made landfall as a Category 3 storm, Hurricane Idalia impacted an are of low population and is expected to cause private insured losses of about $2.2 billion, according to catastrophe modeler Karen Clark & Co. “Idalia made landfall …