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Tag: insurance-journal

OSHA Fines Pennsylvania Candy Factory for Not Evacuating Before Fatal Explosion
Insurance Journal | October 10, 2023
OSHA Fines Pennsylvania Candy Factory for Not Evacuating Before Fatal Explosion
A Pennsylvania chocolate factory was fined more than $44,000 by the federal workplace safety agency on Thursday for failing to evacuate before a natural gas explosion that killed seven people. R.M. Palmer Co. did not heed warnings from employees about …
Michigan’s Hastings Mutual Seeks Approval to Restructure into Mutual Holding Company Structure
Insurance Journal | October 10, 2023
Michigan’s Hastings Mutual Seeks Approval to Restructure into Mutual Holding Company Structure
Hastings Mutual Insurance Company has submitted a Plan of Reorganization with the Michigan Department of Insurance and Financial Services seeking approval to restructure into a mutual holding company structure. HMIC plans to complete the following stops: HMIC will form Hastings …
Families Blame Faulty Vehicle for Ship Fire That Killed Two New Jersey Firefighters
Insurance Journal | October 10, 2023
Families Blame Faulty Vehicle for Ship Fire That Killed Two New Jersey Firefighters
The families of two New Jersey firefighters who were killed battling a July blaze inside a cargo ship said Friday a malfunctioning vehicle being used to load cargo onto the ship caused the fire. Relatives of Newark firefighters Captains Augusto …
AXIS and Stone Point Credit Launch Monarch Point Re, Raising Over $400M of Capital
Insurance Journal | September 29, 2023
AXIS and Stone Point Credit Launch Monarch Point Re, Raising Over $400M of Capital
AXIS Capital Holdings Ltd., together with its direct and indirect subsidiaries and branches, announced that it has partnered with Stone Point Credit Adviser LLC to launch Monarch Point Re, a newly created collateralized reinsurer. The launch was accompanied by a …
Texas Comptroller: State Revenue Driven by Increasing Insurance Premiums
Insurance Journal | September 29, 2023
Texas Comptroller: State Revenue Driven by Increasing Insurance Premiums
When Texas lawmakers meet next month for a special session on funding public education, they will have more money available to them to spend than they anticipated when they passed the state’s $321.3 billion budget earlier this year, Texas Comptroller …
Keystone Adds Oklahoma’s Ascent to Growing Agency Network
Insurance Journal | September 29, 2023
Keystone Adds Oklahoma’s Ascent to Growing Agency Network
Keystone, the participant-owned insurance agency network, has added Ascent Insurance Group (formerly LBV Insurance) based in Edmond, Oklahoma to its growing network of agencies. Ascent is a boutique style commercial lines insurance brokerage specializing in workers’ compensation and commercial insurance. …
Invasive Spotted Lanternflies Found in Illinois, Threatening Crops and Native Tree
Insurance Journal | September 29, 2023
Invasive Spotted Lanternflies Found in Illinois, Threatening Crops and Native Tree
SPRINGFIELD, Ill. (AP) – Illinois is the latest state to find invasive spotted lanternflies, a winged insect that`s spreading across the eastern U.S. and is subject to squish-on-sight requests in New York and elsewhere. First detected in the U.S. nearly …
Ohio Trucking Company Faces Lawsuit for Harassing and Terminating Gay Mechanics, EEOC Alleges
Insurance Journal | September 20, 2023
Ohio Trucking Company Faces Lawsuit for Harassing and Terminating Gay Mechanics, EEOC Alleges
An Ohio trucking company violated federal law by subjecting two gay mechanics to harassment and termination because of their sexual orientation and retaliated against them for opposing or complaining about the harassment, the U.S. Equal Employment Opportunity Commission (EEOC) charged …
People Moves: Alliant Hires Montgomery as VP, Employee Benefits Group
Insurance Journal | September 20, 2023
People Moves: Alliant Hires Montgomery as VP, Employee Benefits Group
Alliant Insurance Services Hires Montgomery as VP, Employee Benefits Group Brian Montgomery has joined Alliant Insurance Services as vice president within its employee benefits group in Houston, Texas. Montgomery joins Alliant, based in Irvine, Calif., with over a decade of …
Texas Universities Grapple with Implementation of Controversial DEI Ban
Insurance Journal | September 20, 2023
Texas Universities Grapple with Implementation of Controversial DEI Ban
The Texas A&M University System issued staff guidance earlier this month on how to comply with the state’s ban on diversity, equity and inclusion initiatives, providing a first glimpse into how Texas universities are navigating the thorny implementation of the …