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Category: Insurance Journal

Louisiana Policyholders Recover $129 Million
Insurance Journal | August 10, 2022
Louisiana Policyholders Recover $129 Million
Commissioner Jim Donelon announced the Louisiana Department of Insurance (LDI) recovered funds of $129 million in addition to the original amounts offered by insurance companies in Fiscal Year 2021-2022. The additional money is the result of consumers filing complaints with …
Worst Storm in Century Floods Seoul, Killing at Least 9, With More Rain Expected
Insurance Journal | August 10, 2022
Worst Storm in Century Floods Seoul, Killing at Least 9, With More Rain Expected
More rain is on tap for areas of South Korea as Seoul tried to drain flooded train stations and repair cut power lines after one of the worst storms in more than a century hit the capital, killing at least …
Ex-Workers at Malaysia Supplier Sue Kimberly-Clark, Ansell Over Alleged Forced Labor
Insurance Journal | August 10, 2022
Ex-Workers at Malaysia Supplier Sue Kimberly-Clark, Ansell Over Alleged Forced Labor
KUALA LUMPUR – Former workers at Malaysian rubber glove maker Brightway Holdings filed a lawsuit in the United States against Kimberly-Clark Corp. and Ansell Ltd., accusing them of “knowingly profiting” from the alleged use of forced labor at the supplier, …
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 …