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Category: Insurance Journal

West Texas Ranchers Face Losses After Historic Wildfires
Insurance Journal | March 20, 2024
West Texas Ranchers Face Losses After Historic Wildfires
LUBBOCK — There are burned spots on Jay O’Brien’s ranch outside Stinnett that predate the Smokehouse Creek fire. Over the last several months, small fires — ones that weren’t pushed by strong winds or grew out of control — scarred …
People Moves: Domino joins Farmers Alliance Board of Directors; Westfield Names Rosenberg as President, Standard Lines
Insurance Journal | March 20, 2024
People Moves: Domino joins Farmers Alliance Board of Directors; Westfield Names Rosenberg as President, Standard Lines
Domino joins Farmers Alliance Board of Directors David Domino has been elected a director for the Farmers Alliance Companies, headquartered in McPherson, Kansas. Domino will provide guidance, direction and oversight for the companies’ property and casualty insurance operations. Domino previously …
Alkeme Acquires New Jersey’s Wharton Lyon & Lyon Agency
Insurance Journal | March 20, 2024
Alkeme Acquires New Jersey’s Wharton Lyon & Lyon Agency
California-based insurance broker Alkeme reported the acquisition of Wharton Lyon & Lyon, a retail insurance agency headquartered in Livingston, New Jersey. Founded in 1912, Wharton Lyon & Lyon is a third-generation insurance agency providing risk management services along with property/casualty, …
Drugmaker Endo Receives Court Approval for Bankruptcy Restructuring
Insurance Journal | March 20, 2024
Drugmaker Endo Receives Court Approval for Bankruptcy Restructuring
Bankrupt drugmaker Endo International said on Tuesday a U.S. Bankruptcy Court has approved its restructuring plan and related opioid settlements to emerge from bankruptcy, which began in 2022. The company said the transaction is expected to close by late April. …
Washington Lawsuit Says Seat Belt Saved Passenger’s Life on Alaska Air Flight
Insurance Journal | March 20, 2024
Washington Lawsuit Says Seat Belt Saved Passenger’s Life on Alaska Air Flight
More passengers who were aboard an Alaska Airlines Boeing 737 jet when part of its fuselage blew out in January are suing — including one who says his life was saved by a seat belt. The latest lawsuit, representing seven …
Citizens’ Cerio Pushes Back Against Senator’s Questions About Insurer’s ‘Solvency’
Insurance Journal | March 20, 2024
Citizens’ Cerio Pushes Back Against Senator’s Questions About Insurer’s ‘Solvency’
The CEO of Citizens Property Insurance Corp. has denied that corporation representatives have been unresponsive to Congressional requests for financial information, in the wake of unsettling comments from Gov. Ron DeSantis that Citizens is “not solvent.” “We believe we fully …
Tanker Capsizes off Coast of Japan, Seven Deaths Confirmed: Media Reports
Insurance Journal | March 20, 2024
Tanker Capsizes off Coast of Japan, Seven Deaths Confirmed: Media Reports
A South Korean-flagged chemical tanker has capsized off the coast of Yamaguchi prefecture in western Japan, with seven deaths confirmed, public broadcaster NHK reported on Wednesday, citing the coastguard. The tanker, Keoyoung Sun, was anchored due to bad weather and …
RT Specialty’s Austenfeld Elected WSIA President
Insurance Journal | March 20, 2024
RT Specialty’s Austenfeld Elected WSIA President
Brenda (Ballard) Austenfeld was elected to serve as 2024-2025 Wholesale & Specialty Insurance Association (WSIA) president Austenfeld, CEO and president of RT Specialty’s national property practice, was chosen by membership at the organization’s annual business meeting earlier this month. She …
Subpoenas on Maui Agencies and Officials Delay Release of Key Report into Deadly Wildfire
Insurance Journal | March 20, 2024
Subpoenas on Maui Agencies and Officials Delay Release of Key Report into Deadly Wildfire
Hawaii’s attorney general blamed a delay of the release of a key report into a deadly Maui wildfire on county agencies that forced investigators to issue subpoenas. The first phase of an independent investigation into the Aug. 8 fire that …
Internet Firms Must Face Defective Product Liability Suit Over Buffalo Mass Shooting
Insurance Journal | March 20, 2024
Internet Firms Must Face Defective Product Liability Suit Over Buffalo Mass Shooting
A New York state judge has allowed a case seeking to hold social media companies liable in the tragic mass killing at a Buffalo supermarket in 2022 to go forward on grounds of product liability. Erie County Supreme Court Judge …