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Category: Insurance Journal

Construction-Focused MGA, Phoenix Specialty, Launches With Capacity From AXA UK
Insurance Journal | April 9, 2024
Construction-Focused MGA, Phoenix Specialty, Launches With Capacity From AXA UK
Acies MGU, the London-based managing general underwriter and MGA incubator, announced the launch of Phoenix Specialty, a specialist MGA serving the construction sector. Phoenix will be led by managing director Tim James, subject to regulatory approval. James led the successful …
Texas A&M Considers Restoring Bonfire Tradition After 1999 Tragedy
Insurance Journal | April 9, 2024
Texas A&M Considers Restoring Bonfire Tradition After 1999 Tragedy
Building the Aggie bonfire was once among the most prized student traditions at Texas A&M University. That changed when the 60-foot stack of logs fell and killed 12 people in 1999, becoming one of the most painful chapters in the …
New $20 Minimum Wage for Fast Food Workers in California Began Monday
Insurance Journal | April 1, 2024
New $20 Minimum Wage for Fast Food Workers in California Began Monday
Most fast food workers in California will be paid at least $20 an hour began Monday, when a new law kicked in giving more financial security to an historically low-paying profession while threatening to raise prices in a state already …
Tainted Water Flowed to These Texans’ Homes for Three Years. No One Told Them.
Insurance Journal | April 1, 2024
Tainted Water Flowed to These Texans’ Homes for Three Years. No One Told Them.
MIDLAND COUNTY — Leslie Borrego lives in a modest house south of the city limits, built 24 years ago by her late husband Raúl, who died unexpectedly from an aneurysm four years ago. The walls, decorated with framed portraits of …
People Moves: BenefitMall Appoints Beckley as Houston Benefits Sales Executive
Insurance Journal | April 1, 2024
People Moves: BenefitMall Appoints Beckley as Houston Benefits Sales Executive
BenefitMall, headquartered in Dallas, hired Maggie Beckley as a new benefits sales executive for Houston. Beckley brings eight years of insurance industry experience to the role. Prior to joining BenefitMall, she worked as a sales executive, employee benefits for Assured …
People Moves: Acuity Promotes Freund, Kreif, Marthenze and Tyszka
Insurance Journal | April 1, 2024
People Moves: Acuity Promotes Freund, Kreif, Marthenze and Tyszka
Acuity Insurance, headquartered in Sheboygan, Wisconsin, promoted several team members to new positions. Promotions include: Katrina Freund, senior claims representative. Freund started her Acuity career in 2020 as a claims representative. Cori Kreif, associate actuary. Kreif joined Acuity in 2018 …
Arkansas Officials Mark Anniversary of Deadly Tornado
Insurance Journal | April 1, 2024
Arkansas Officials Mark Anniversary of Deadly Tornado
LITTLE ROCK, Ark. (AP) — Arkansas and local officials hailed the response from emergency workers, community groups and individuals on Friday as they marked the one-year anniversary of tornadoes that tore through the state and killed four people. Gov. Sarah …
Ohio Manufacturer Faces $253K Fine for Employee’s Severe Injuries
Insurance Journal | April 1, 2024
Ohio Manufacturer Faces $253K Fine for Employee’s Severe Injuries
Despite citations from the U.S. Department of Labor’s Occupational Safety and Health Administration for similar hazards at its Shelby, Ohio facility in 2022, ArcelorMittal Tubular Products USA LLC — a subsidiary of one of North America’s largest steel suppliers — …
Russia’s Baltika Sues Carlsberg Subsidiaries for Over $900M in Damages
Insurance Journal | April 1, 2024
Russia’s Baltika Sues Carlsberg Subsidiaries for Over $900M in Damages
Russia’s Baltika Breweries has sued four Carlsberg subsidiaries for damages amounting to 6.24 billion Danish crowns ($902 million), Russian court filings showed, as the two parties fight over the future of Russia’s largest brewer. Moscow took control of Carlsberg’s stake …
Xi Says US CEOs Should Invest in China, Economy Hasn’t Peaked
Insurance Journal | April 1, 2024
Xi Says US CEOs Should Invest in China, Economy Hasn’t Peaked
President Xi Jinping met with a group of American business leaders in Beijing including Blackstone Inc.’s Stephen Schwarzman and Qualcomm Inc.’s Cristiano Amon as China is seeking to restore confidence in the economy and keep relations with the US on …