Insurance Journal – Page 33 – Ben Few & Company, Inc.

Insurance Journal | August 9, 2024

Court Orders Regulators to Fix Process, Reconsider Gas Export Projects in South Texas

McALLEN — A federal court struck down a regulatory agency’s authorization of two controversial, multi-billion-dollar gas export projects in far South Texas, one of which is already under construction. The ruling orders federal regulators to correct procedural deficiencies before reconsidering …

Insurance Journal | August 1, 2024

Oil and Gas Power Lines Suspected of Causing Texas Panhandle Wildfires

When a spate of wildfires tore across the Texas Panhandle in February and scorched 20,000 acres of Craig Cowden’s ranch near Skellytown, he decided he had had enough. Cowden took on a second unofficial job: looking for possible fire hazards …

Insurance Journal | August 1, 2024

People Moves: JM Wilson Adds and Promotes Transportation Underwriting Team Members

JM Wilson, headquartered in Portage, Michigan, added new members to its transportation underwriting team. Olga Jaquet was promoted to senior transportation underwriter, responsible for underwriting new and renewal commercial transportation risks and working with carrier underwriters and independent insurance agents …

Insurance Journal | August 1, 2024

Howden to Acquire Allianz UK’s Musical Insurance Book

Howden, the global insurance intermediary group, today announces that it has agreed to acquire the Musical Insurance book from Allianz UK and will incorporate its customer base and marketing and operations teams into Howden’s established music scheme, Lark Music. Financial …

Insurance Journal | August 1, 2024

Markets/Coverages: Coalition Introduces Active Cyber Insurance in Germany

Coalition, the San Francisco-based cyber managing general agent and cyber-security firm, announced the launch of its Active Cyber Insurance in Germany through its subsidiary, Coalition Insurance Solutions GmbH. Coalition’s offerings became available on Aug. 1, 2024. Cyberattacks and IT system …

Insurance Journal | August 1, 2024

UK Financial Firms Spur IPO Optimism as Europe Rebound Stutters

Potential initial public offerings by a slew of UK financial services firms could drive the next stage of Europe’s recovery after momentum in new listings slowed sharply. Such hopes have arisen after Bloomberg reported that backers of Canopius Group are …

Insurance Journal | August 1, 2024

Arch Completes Acquisition of Allianz’s U.S. MidCorp and Entertainment Businesses

Arch Insurance North America it has closed the acquisition of the U.S. MidCorp and Entertainment insurance businesses from Allianz. Nearly 500 former Allianz MidCorp and Entertainment employees have joined Arch and will provide continuity to clients and brokers as Arch …

Insurance Journal | August 1, 2024

Ardonagh’s Geo Underwriting to Acquire Navigators & General

Geo Underwriting, the managing general agency and subsidiary of Ardonagh Advisory, announced it will acquire Navigators & General (N&G) from Zurich UK. Financial details of the deal were not disclosed. Founded in 1921 by Captain William Coombs, a merchant navy …

Insurance Journal | August 1, 2024

District of Columbia Sues StubHub Claiming It Inflates Ticket Prices With Deceptive Fees

The attorney general for Washington, D.C., sued StubHub on Wednesday, accusing the ticket resale platform of advertising deceptively low prices and then ramping up prices with extra fees. The practice known as “drip pricing” violates consumer protection laws in the …

Insurance Journal | August 1, 2024

Hurricane Would Blow Through Florida Cat Fund’s Reserves. But That May be OK, Report Says

A report from Moody’s Ratings service contends that one good hurricane this year could wipe out the Florida Cat Fund’s reserves, potentially forcing it to place a small surcharge on Florida insurance premiums to finance more debt. But that may …