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Tag: insurance-journal

UMass Pays Out $10K After Tiff With Insurer Over Student’s Prize for Half-Court Shot
Insurance Journal | February 9, 2025
UMass Pays Out $10K After Tiff With Insurer Over Student’s Prize for Half-Court Shot
UMass said it would pay a student the $10,000 prize for a halftime promotion at a women’s basketball game after a dispute with an insurance company over whether he stepped over the line when he made a half-court shot. Noah …
AccuWeather: Elevated Risk of Mudslides at LA Wildfire Burn Scars From Coming Storm
Insurance Journal | February 7, 2025
AccuWeather: Elevated Risk of Mudslides at LA Wildfire Burn Scars From Coming Storm
Meteorologists are warning of an elevated risk of dangerous debris flows and destructive mudslides in Southern California next week in areas scorched by destructive Los Angeles wildfires. AccuWeather meteorologists expect between 2 inches and 4 inches of rain near the …
Crest Acquires Texas’ Horizon Insurance Services
Insurance Journal | February 7, 2025
Crest Acquires Texas’ Horizon Insurance Services
Crest Insurance announced the acquisition Horizon Insurance Services, a full-service insurance agency based in Houston, Texas. The move marks Crest’s 20th office nationwide and its second in the state of Texas. With the addition of the Houston office, Crest continues …
Inszone Acquires Texas Classic
Insurance Journal | January 31, 2025
Inszone Acquires Texas Classic
Inszone Insurance Services announced the acquisition of Texas Classic Insurance Agency, Inc. This transaction further strengthens Inszone’s foothold in Texas and enhances its capabilities in the personal lines insurance market. Founded in 1991, Texas Classic Insurance Agency has served clients …
Willis Takes Donnelly From Marsh to Head North America Risk & Broking
Insurance Journal | January 31, 2025
Willis Takes Donnelly From Marsh to Head North America Risk & Broking
Willis said it has hired veteran leader Pat Donnelly as head of risk & broking (R&B) in North America. Donnelly had been president, Marsh specialty and global placement – a position he held since the middle of 2023 when he …
Norfolk Southern Says Insurance to Cover At Least $750M of Ohio Derailment Costs
Insurance Journal | January 31, 2025
Norfolk Southern Says Insurance to Cover At Least $750M of Ohio Derailment Costs
Norfolk Southern’s solid fourth quarter — combined with the optimism the railroad is hearing from their customers and support they’re getting from Washington D.C. — has the CEO feeling optimistic about 2025. The railroad, based in Atlanta, earned $733 million, …
Tri-State Region Blood Center Hit With Ransomware Attack
Insurance Journal | January 31, 2025
Tri-State Region Blood Center Hit With Ransomware Attack
One of the country’s largest blood donor and research centers has suffered a ransomware attack. The New York Blood Center (NYBC) said that on Sunday, January 26, it identified “suspicious activity” affecting its IT systems. Third-party cybersecurity experts investigated and …
Insurance Payouts at $4 Billion and Counting for LA Wildfires
Insurance Journal | January 30, 2025
Insurance Payouts at $4 Billion and Counting for LA Wildfires
Preliminary data show insurance companies have paid out more than $4 billion for losses from the biggest two of the Los Angeles-area wildfires that swept through the region and destroyed tens of thousands of homes earlier this month. This week …
FAA Issues Urgent Guidance for General Aviation Pilots During New Orleans Super Bowl
Insurance Journal | January 30, 2025
FAA Issues Urgent Guidance for General Aviation Pilots During New Orleans Super Bowl
The Federal Aviation Administration is issuing guidance to general aviation pilots flying near New Orleans from Feb. 6-11, 2025 to be aware of temporary flight restrictions, follow special air traffic procedures and comply with additional operational requirements that will be …
Insurtech Qumis Raises $2.2M to Automate Policy Reviews With AI
Insurance Journal | January 30, 2025
Insurtech Qumis Raises $2.2M to Automate Policy Reviews With AI
Qumis, a lawyer-built AI-driven platform designed to transform insurance knowledge work, announced the close of an oversubscribed $2.2 million pre-seed funding round. The round was led by Armory Square Ventures with participation from MTech Capital, Grand Ventures, Alumni Ventures, and …