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Tag: insurance-journal

Construction Owners Accused of Submitting Fraudulent Bonds for New York Storm Projects
Insurance Journal | June 20, 2023
Construction Owners Accused of Submitting Fraudulent Bonds for New York Storm Projects
Federal officials report they have charged two construction company owners with submitting fraudulent bonds in connection with storm recovery and reconstruction projects in New York. Rawinder Dhillon and Amninder Singh allegedly defrauded the New York State Governor’s Office of Storm …
Gulf of Mexico ‘Dead Zone’ Forecasted to be Smaller Than Average
Insurance Journal | June 9, 2023
Gulf of Mexico ‘Dead Zone’ Forecasted to be Smaller Than Average
EW ORLEANS (AP) – The oxygen-depleted “dead zone” that forms each year in the Gulf of Mexico off Louisiana and Texas is forecast to cover about 4,155 square miles (10,761 square kilometers) this year. That’s about 1,200 square miles (3,107 …
People Moves: VIAA Names Von Ruden Personal Foundation Coach; Holmes Murphy Names Tanny Property Casualty VP
Insurance Journal | June 9, 2023
People Moves: VIAA Names Von Ruden Personal Foundation Coach; Holmes Murphy Names Tanny Property Casualty VP
Valley Insurance Agency Alliance Hires Von Ruden as Personal Foundation Coach Valley Insurance Agency Alliance (VIAA), headquartered in St. Louis, Missouri, recently hired Trish Von Ruden as personal foundation coach. Von Ruden will coach new and existing team members on …
New Orleans Steamboat Company Fined $100K for Violating Clean Water Act
Insurance Journal | June 9, 2023
New Orleans Steamboat Company Fined $100K for Violating Clean Water Act
The New Orleans Steamboat Company (NOSC) was charged on May 26, 2023 with violating the Clean Water Act (“CWA”) in connection with a discharge of excess ballast material into the Industrial Canal in New Orleans in 2019, according to the …
Coinbase Suit May Finally Send Crypto Debate to Supreme Court
Insurance Journal | June 9, 2023
Coinbase Suit May Finally Send Crypto Debate to Supreme Court
The SEC’s new lawsuit against Coinbase Global Inc. appears best positioned among cryptocurrency cases to let the US Supreme Court finally decide if digital assets count as securities. The crypto tokens traded by Coinbase users should be treated as unregistered …
Triple-Whammy of Cyclones, a 1-in-200-Year Event, Drove Italy’s Flooding: Scientists
Insurance Journal | June 1, 2023
Triple-Whammy of Cyclones, a 1-in-200-Year Event, Drove Italy’s Flooding: Scientists
A rare, triple-whammy of cyclones drove the deadly flooding that devastated much of northern Italy this month, but scientists said Wednesday that climate change doesn’t seem to be to blame for the intense rainfall. Using computer simulations and past observations, …
Climate Change, Wildfire Risk and State Farm’s California Decision
Insurance Journal | June 1, 2023
Climate Change, Wildfire Risk and State Farm’s California Decision
Several reasons were given within State Farm’s announcement last week the carrier was no longer writing new personal or business property/casualty policies in California – including a challenging reinsurance market, increased risks and historic increases in construction costs outpacing inflation. …
People Moves: Gallagher Re Appoints Brace of Exec Appointments for N. America, Brazil and China
Insurance Journal | June 1, 2023
People Moves: Gallagher Re Appoints Brace of Exec Appointments for N. America, Brazil and China
Global reinsurance broker Gallagher Re announced the appointment of Linda Johnson as vice chairperson for its North American team, Daniel Veiga as CEO of Gallagher Re Brazil, Treaty Operation, Jia Lou as CEO of Mainland China & Hong Kong, with …
World Insurance Associates Acquires Michigan’s Morris Insurance Group
Insurance Journal | June 1, 2023
World Insurance Associates Acquires Michigan’s Morris Insurance Group
World Insurance Associates LLC announced that it acquired the business of Morris Insurance Group, Inc. of Clinton Township and Rochester, Michigan on April 1, 2023. Terms of the transaction were not disclosed. Morris was founded over 60 years ago, and …
Minnesota Governor Signs Bill Legalizing Recreational Marijuana
Insurance Journal | June 1, 2023
Minnesota Governor Signs Bill Legalizing Recreational Marijuana
ST. PAUL, Minnesota (AP) – Surrounded by dozens of cheering people in green clothes, Minnesota Democratic Gov. Tim Walz signed a bill Tuesday to legalize recreational marijuana for people over the age of 21 starting in August, making Minnesota the …