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Tag: insurance-journal

AccuWeather: Damage and Economic Loss from Wildfires in Hawaii $8B to 10B
Insurance Journal | August 10, 2023
AccuWeather: Damage and Economic Loss from Wildfires in Hawaii $8B to 10B
AccuWeather’s preliminarily estimate of the total damage and economic loss from the wildfires burning in Hawaii is from $8 billion to 10 billion. The worst of the fires hit the Island of Maui, with the Lahaina area especially hard hit. …
People Moves: Assurex Global President and CEO Hildebrandt Elected to Western National Mutual Insurance Company’s Board of Directors
Insurance Journal | August 10, 2023
People Moves: Assurex Global President and CEO Hildebrandt Elected to Western National Mutual Insurance Company’s Board of Directors
Assurex Global President and CEO Hildebrandt Elected to Western National Mutual Insurance Company’s Board of Directors Dean Hildebrandt, president and CEO of Assurex Global, headquartered in Columbus, Ohio, was elected to join the board of directors of Western National Mutual …
Missouri’s Cameron Mutual Placed Into Rehabilitation
Insurance Journal | August 10, 2023
Missouri’s Cameron Mutual Placed Into Rehabilitation
Cameron Mutual Insurance Company and its wholly owned subsidiary, Cameron National Insurance Company, were placed into rehabilitation this week by the Circuit Court of Cole County, Missouri. Missouri Department of Commerce and Insurance (DCI) Director Chlora Lindley-Myer was named rehabilitator …
Zurich American Off the Hook on Harvard’s Legal Costs in Affirmative Action Case
Insurance Journal | August 10, 2023
Zurich American Off the Hook on Harvard’s Legal Costs in Affirmative Action Case
Even the smartest institutions in the land can miss deadlines – and can lose $15 million in insurance coverage because of it, a fedeal appeals court decided Wednesday. The U.S. 1st Circuit Court of Appeals upheld a lower court ruling …
Attorneys in MMA Case Argue Punishment Disproportionate, Seek Fair Treatment
Insurance Journal | August 10, 2023
Attorneys in MMA Case Argue Punishment Disproportionate, Seek Fair Treatment
Three former attorneys for the McClenny Moseley & Associates are urging a judge to lift a nine-month suspension that bars them from practicing in the federal Western District of Louisiana and pin blame for the law firm’s ethical issues on …
Hedge Fund Manager Loeb Agrees to Hold Off Attempts to Take SiriusPoint Private
Insurance Journal | August 10, 2023
Hedge Fund Manager Loeb Agrees to Hold Off Attempts to Take SiriusPoint Private
Hedge Fund Manager Daniel S. Loeb has agreed he will not make further attempts to take SiriusPoint private for two more years. SiriusPoint and Loeb, who has about a 9.5% shareholding in the Bermuda-based specialty insurer and reinsurer, have entered …
Liberty Mutual Posts Q2 Loss of $585M Driven By Catastrophes
Insurance Journal | August 10, 2023
Liberty Mutual Posts Q2 Loss of $585M Driven By Catastrophes
Liberty Mutual Holding Co. reported a second-quarter net loss of $585 million, driven by catastrophe losses of about $2.27 billion. Tim Sweeney, president and CEO, said weather losses were primarily from widespread wind and hail events in Texas, Oklahoma, and …
Best Agencies to Work For: Submit Your Agency Today
Insurance Journal | August 10, 2023
Best Agencies to Work For: Submit Your Agency Today
Is your agency a Best Place to Work? Then it’s time to nominate your agency as a “Best Agency to Work For.” To nominate your agency, you must be a current employee of the agency you are nominating. A MINIMUM …
People Moves: DUAL North America Named Gosselink EVP Fine Art; Hennessy Now CEO McGill Global Risk Solutions
Insurance Journal | August 10, 2023
People Moves: DUAL North America Named Gosselink EVP Fine Art; Hennessy Now CEO McGill Global Risk Solutions
DUAL North America appointed of Peter Gosselink as executive vice president of its fine art program. Gosselink trained as a marine underwriter specializing in fine arts and collections before becoming versed in insuring various artwork and collectibles for commercial and …
At least 36 killed, Hundreds of Properties Destroyed in Hawaii Fires
Insurance Journal | August 10, 2023
At least 36 killed, Hundreds of Properties Destroyed in Hawaii Fires
Thousands of Hawaii residents raced to escape homes on Maui as blazes swept across the island, destroying parts of a centuries-old town and killing at least 36 people. The fire left behind burned-out cars on once busy streets and smoking …