(239) 334-7727

info@benfew.com

Category: Insurance Journal

Howden Buys Microinsurance Specialist That Offers Cover for LatAm Underinsured
Insurance Journal | May 20, 2024
Howden Buys Microinsurance Specialist That Offers Cover for LatAm Underinsured
Howden, the London-based insurance intermediary group, announced the acquisition of MiCRO, a microinsurance specialist that designs and implements parametric insurance coverage for underserved populations in Latin America against natural catastrophes. Financial details of the deal were not disclosed. The acquisition …
Houston Windstorm Causes Preliminary Economic Loss of $5-7B: AccuWeather
Insurance Journal | May 20, 2024
Houston Windstorm Causes Preliminary Economic Loss of $5-7B: AccuWeather
The destructive windstorm that blew out windows in downtown Houston and left hundreds of thousands of southeast Texas residents without power caused upwards of $5-7 billion in total damage and economic loss, according to preliminary estimates by AccuWeather. Thousands of …
AI Voiceover Company Stole Voices of Actors, New York Lawsuit Claims
Insurance Journal | May 20, 2024
AI Voiceover Company Stole Voices of Actors, New York Lawsuit Claims
Two voice actors sued artificial-intelligence startup Lovo in Manhattan federal court on Thursday, accusing the company of illegally copying their voices and using them without permission in its AI voiceover technology. Paul Lehrman and Linnea Sage said in the proposed …
California’s Scenic Highway 1 to Big Sur Finally Opens to Around-The-Clock Travel
Insurance Journal | May 20, 2024
California’s Scenic Highway 1 to Big Sur Finally Opens to Around-The-Clock Travel
A section of California’s scenic Highway 1 leading to the famous Big Sur coast reopened to around-the-clock traffic Friday after stabilization of a storm-triggered rockslide that dropped a chunk of one lane into the ocean and hampered tourism. The gap …
Landslide Forces Closure of Iconic California Chapel
Insurance Journal | May 20, 2024
Landslide Forces Closure of Iconic California Chapel
A decades-old landslide that’s rapidly accelerating has forced the dismantling of Wayfarers Chapel, an iconic Southern California church that was designed by one of famed architect Frank Lloyd Wright’s sons and built among soaring redwoods and sweeping Pacific Ocean views. …
Bronx Firefighter Who Collapsed in Burning Home Likely Saved by Smoke Inhalation Drug
Insurance Journal | May 20, 2024
Bronx Firefighter Who Collapsed in Burning Home Likely Saved by Smoke Inhalation Drug
Officials credited a smoke inhalation drug for likely saving the life of a New York City firefighter who fell unconscious and stopped breathing while battling a house blaze Friday. The firefighter was one of three injured during the response in …
B&B Adds Georgia-based Public Entities Team in Latest Acquisition
Insurance Journal | May 20, 2024
B&B Adds Georgia-based Public Entities Team in Latest Acquisition
A part of Brown & Brown’s wholesale insurance group has acquired Public Entities of America LLC, a brokerage based in Alpharetta, Georgia, that has catered to the public sector and risk management marketplace. PEA will now be part of Apex …
Florida’s 125% Surge in Property-Insurance Bills Sows Havoc
Insurance Journal | May 20, 2024
Florida’s 125% Surge in Property-Insurance Bills Sows Havoc
For Filicia Porter, the insurance bills were the final straw. They’d been climbing steeply for her assisted-living business as Florida was battered with ever more-powerful storms, and eventually, the numbers stopped adding up. So in March, she finally decided to …
After Loss at Alabama Mercedes Plants, UAW Vows to Regroup and Try Again
Insurance Journal | May 20, 2024
After Loss at Alabama Mercedes Plants, UAW Vows to Regroup and Try Again
TUSCALOOSA, Ala. (AP) — A decisive vote against the United Auto Workers union at two Mercedes factories in Alabama on Friday sidetracked the UAW’s grand plan to sign up workers at nonunion plants mainly in the South. But newly elected …
CIAB: Commercial P/C Premiums Increase 7.7% in Q1 2024
Insurance Journal | May 20, 2024
CIAB: Commercial P/C Premiums Increase 7.7% in Q1 2024
Overall commercial property/casualty premiums increased slightly for all account sizes to 7.7% on average in the first quarter 2024. According to The Council of Insurance Agents and Brokers’ Q1 Market Survey, the 7.7% average increase in Q1 compared to 7% …