insurance-journal – Page 17 – Ben Few & Company, Inc.

Insurance Journal | October 10, 2024

With Back-to-Back Storms, Florida Now Facing Delays in Claims Adjusting

With Hurricane Milton now expected to produce several hundred thousand wind-damage claims and with the storm coming so soon on the heels of Hurricane Helene, industry leaders are bracing for significant delays in claims adjusting. “We’re competing with Helene,” said …

Insurance Journal | October 10, 2024

Firefighters Still on Site More Than Week After Incinerator Trash Fire

It’s going to take about two weeks to remove smoldering debris from a Maine town’s trash incinerator after a fire burned in the waste for a week, officials said Tuesday. Firefighters have been stationed continuously at the trash incinerator, which …

Insurance Journal | October 1, 2024

Louisiana Seafood Restaurant Sued for Sexual Harassment

Minden Seafood, LLC, a seafood restaurant in Minden, Louisiana, violated federal law when it failed to stop a male worker from repeatedly sexually harassing a female employee and refused to rehire her after she quit, the U.S. Equal Employment Opportunity …

Insurance Journal | October 1, 2024

Louisiana’s Southern University to Launch Alliant Insurance Degree Program with $1.4M Investment

Alliant Insurance announced that a first-of-its-kind degree program at Southern University and A&M College has received final approval from the Louisiana State Board of Regents. The Alliant Insurance Foundation Degree Plan Program at Southern University and A&M College will focus …

Insurance Journal | October 1, 2024

Federal Agency Resumes Sending Hazardous Waste to Michigan From Ohio

VAN BUREN TOWNSHIP, Mich. (AP) — A federal agency said it has resumed sending hazardous waste to a Michigan landfill from Ohio while communities in suburban Detroit continue their legal fight to bar waste from a World War II-era site …

Insurance Journal | October 1, 2024

Michigan Boy Dies on Field Trip After Tree Falls on Him at Nature Center

HOWELL, Mich. (AP) — A 12-year-old boy died after he was struck by a tree that fell at a southeastern Michigan nature center where he and classmates were on a field trip, authorities said. Declan Carter was at the Howell …

Insurance Journal | October 1, 2024

WTW to Sell Direct-to-Consumer Sales Unit Tranzact for $632 Million

Global insurance broker WTW has agreed to sell its direct-to-consumer insurance distribution business, Tranzact, to the private equity firm GTCR and Recognize, a technology services investment platform, for $632.4 million. “With the sale of Tranzact, we are exiting this direct-to-consumer …

Insurance Journal | October 1, 2024

Carolina Agents, Insureds Stunned by Unprecedented Damage So Far Inland

Insurance agents in the mountain city of Asheville, North Carolina, said they and their policyholders have been stunned by the catastrophic damage brought so far inland by Hurricane Helene, which dumped 14 inches of rain on the picturesque community and …

Insurance Journal | October 1, 2024

US East Coast Dockworkers Strike, Halting Half the Nation’s Ocean Shipping

Dockworkers on the U.S. East Coast and Gulf Coast began a strike early on Tuesday, their first large-scale stoppage in nearly 50 years, halting the flow of about half the nation’s ocean shipping after negotiations for a new labor contract …

Insurance Journal | October 1, 2024

Viewpoint: East Coast Port Strike: Insurance and Risk Management Implications

As it has many times before, the International Longshore Association (ILA) threatened a strike, beginning October 1, that would shut down major ports along the Atlantic and Gulf coasts of the United States, with significant repercussions for global trade. That …