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Category: Insurance Journal

UK Financial Services Firms Suffer From Record Skills Shortage
Insurance Journal | August 10, 2022
UK Financial Services Firms Suffer From Record Skills Shortage
UK finance firms are struggling with its worst job vacancy rates on record, underlining the skills shortage caused by digitization in banking, investing and insurance. The industry had more than five vacancies unfilled for every 100 jobs between April and …
Majority of Young Homeowners Expect Their Homes to Be Damaged by Extreme Weather in Next 30 Years
Insurance Journal | August 10, 2022
Majority of Young Homeowners Expect Their Homes to Be Damaged by Extreme Weather in Next 30 Years
Young homeowners are more concerned about the damage climate change-related extreme weather could do to their homes, according to a new survey from Policygenius. The survey found that 72 percent of young insured homeowners (age 18 to 34) believe it …
Tennessee Launches its Own Captive Insurance Company for Cyber, Property
Insurance Journal | August 10, 2022
Tennessee Launches its Own Captive Insurance Company for Cyber, Property
Tennessee regulators, who for years have touted the state as a comfortable home for captive insurance companies, have announced that the state government has created its own captive. The state is self-insured for property and general liability, but the Tennessee …
People Moves: Michael Smith Joins Palomar Insurance
Insurance Journal | August 10, 2022
People Moves: Michael Smith Joins Palomar Insurance
Michael Smith has joined the Palomar Insurance Corp. sales team as an account executive specializing in transportation risk management. Palomar Insurance is headquartered in Montgomery, Alabama, with offices in Georgia, Tennessee, and South Carolina. It offers programs for U.S. and …
Eastern Insurance Acquires Burns Agency in Massachusetts
Insurance Journal | August 10, 2022
Eastern Insurance Acquires Burns Agency in Massachusetts
Eastern Insurance Group announced it has acquired the John T. Burns Insurance Agency in Newton, Massachusetts. Family-owned since 1892, Burns Insurance offers personal auto and home insurance from carriers including Arbella, Safety, Plymouth Rock, Hanover, Quincy Mutual and Vermont Mutual. …
Gabby Petito’s Family Plans to File Utah Lawsuit Alleging Police Failed Her
Insurance Journal | August 9, 2022
Gabby Petito’s Family Plans to File Utah Lawsuit Alleging Police Failed Her
Gabby Petito’s family this week notified Utah officials of plans to file a wrongful death lawsuit alleging that police failed to recognize their daughter was in a life-threatening situation last year when officers investigated a fight between her and her …
Jeff Nelson Appointed as Texas Commissioner of Workers’ Compensation
Insurance Journal | August 9, 2022
Jeff Nelson Appointed as Texas Commissioner of Workers’ Compensation
Texas Governor Greg Abbott has appointed Jeff Nelson as the Commissioner of Workers’ Compensation at the Texas Department of Insurance (TDI) for a term set to expire on February 1, 2023. TDI’s Division of Workers’ Compensation regulates the workers’ compensation …
When Logging Insurance Got Tough in Pacific Northwest, Firm Got Going with Its Own Program
Insurance Journal | August 9, 2022
When Logging Insurance Got Tough in Pacific Northwest, Firm Got Going with Its Own Program
When the going gets tough, the tough get going. That might be the most apropos slogan for Axe Insurance Group. The logging industry may be about as tough of a business as one will find. Not only is it well-known …
Seven Years of Sex Abuse: How Mormon Officials Let it Happen
Insurance Journal | August 9, 2022
Seven Years of Sex Abuse: How Mormon Officials Let it Happen
MJ was a tiny, black-haired girl, just 5 years old, when her father admitted to his bishop that he was sexually abusing her. The father, a member of The Church of Jesus Christ of Latter-day Saints and an admitted pornography …
Sills Named CapSpecialty CEO as Sennott Steps Down
Insurance Journal | August 5, 2022
Sills Named CapSpecialty CEO as Sennott Steps Down
CapSpecialty, a wholly-owned subsidiary of Alleghany Corporation, said Jack Sennott is stepping down from his roles as CEO, president and chair, effective August 31. Alleghany has named Adam Sills, currently CapSpecialty’s head of specialty underwriting, as president and CEO. “Over …