(239) 334-7727

info@benfew.com

Category: Insurance Journal

People Moves: Great American Insurance Group Promotes Gambrell to Divisional President, Excess Liability
Insurance Journal | November 19, 2024
People Moves: Great American Insurance Group Promotes Gambrell to Divisional President, Excess Liability
Great American Insurance Group, headquartered in Cincinnati, promoted Todd D. Gambrell to divisional president, excess liability, effective Jan.1, 2025. Gambrell will succeed John V. Bracca, who will retire in January after more than 30 years of service. Gambrell joined Great …
Louisiana Community Protest Approval Process for Ammonia Plant
Insurance Journal | November 8, 2024
Louisiana Community Protest Approval Process for Ammonia Plant
ELKINSVILLE, La. (AP) — A dispute over a planned ammonia plant near a historic Black town in southeastern Louisiana ratcheted up a notch with a challenge to the state’s approval process. The battle over the plant is occurring despite the …
AI Thermostats Pitched for Texas Homes to Relieve Stressed Grid
Insurance Journal | November 8, 2024
AI Thermostats Pitched for Texas Homes to Relieve Stressed Grid
Three of the biggest names in US home energy automation are coming together to offer some relief to the beleaguered Texas electrical grid. Power supplier NRG Energy Inc. is partnering with Renew Home LLC to distribute about 650,000 artificial intelligence-enabled …
Multiple Climate Disasters Trigger First-Ever Red Cross Disaster Insurance Pay-Out
Insurance Journal | November 8, 2024
Multiple Climate Disasters Trigger First-Ever Red Cross Disaster Insurance Pay-Out
The world was hit by so many floods and landslides in 2024 that it triggered the aid sector’s first multi-disaster insurance pay-out, the Red Cross told Reuters, signaling both the scale of the problem and the need for new financing …
Spain’s Devastating Floods Will Cost Insurers Over $3.8 Billion
Insurance Journal | November 8, 2024
Spain’s Devastating Floods Will Cost Insurers Over $3.8 Billion
The floods that devastated the Spanish region of Valencia at the end of last month are expected to trigger total insurance losses in excess of €3.5 billion ($3.8 billion), Moody’s estimates. The projection is based on the first 72,000 insurance …
Delta-8 Hemp and Texas Medical Marijuana Industries to Face Off in Upcoming Legislative Session
Insurance Journal | November 1, 2024
Delta-8 Hemp and Texas Medical Marijuana Industries to Face Off in Upcoming Legislative Session
Jack Stinnett got life-changing news in 2020 when he learned the lump that appeared on the side of his neck was tongue and mouth cancer. He and his wife Karen quickly enrolled him at MD Anderson Cancer Center in Houston, …
Data Centers Will Have to Make Minimum Power Payments in Ohio
Insurance Journal | November 1, 2024
Data Centers Will Have to Make Minimum Power Payments in Ohio
Big data centers in Ohio will have to pay a minimum of 85% of the energy they need to cover the costs of grid improvements under a settlement submitted Wednesday by one of the state’s largest utilities. The pact was …
Judge Dismisses Lawsuit Against Minnesota Trooper in Fatal Shooting of Black Man
Insurance Journal | November 1, 2024
Judge Dismisses Lawsuit Against Minnesota Trooper in Fatal Shooting of Black Man
A federal judge has dismissed a civil rights lawsuit against a white Minnesota state trooper who shot and killed a Black man during a traffic stop last year, ruling that the trooper’s actions did not violate the law. On Wednesday, …
Texas Pecan Farmers Fight to Save Water Suply
Insurance Journal | November 1, 2024
Texas Pecan Farmers Fight to Save Water Suply
FORT STOCKTON — Zachary Swick plucked a pecan from one of the 78,000 trees at a sprawling West Texas farm — a rare sight in the desert known for oil rigs and pump jacks. He peeled away the pecan’s layers, …
Regional Banks With Florida Operations Brace for Loan Defaults After Hurricanes
Insurance Journal | November 1, 2024
Regional Banks With Florida Operations Brace for Loan Defaults After Hurricanes
Several regional lenders allocated loan-loss provisions in the third quarter to cover potential defaults by borrowers grappling with recent hurricanes, primarily in Florida, highlighting the risks extreme weather and climate change pose to banks. Two devastating hurricanes struck the Sunshine …