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Tag: insurance-journal

Risk Strategies Acquires Michigan’s Comprehensive Benefits, Gabrielson Insurance
Insurance Journal | January 30, 2025
Risk Strategies Acquires Michigan’s Comprehensive Benefits, Gabrielson Insurance
Risk Strategies announced the acquisition of Comprehensive Benefits, Inc. and Gabrielson Insurance & Financial Services, both located in the Greater Detroit area. The joint acquisition preserves an established working relationship between the two partner companies, providing increased capabilities for the …
Musk’s DOGE Effort Spurs Copycat Push in Texas With New Bills
Insurance Journal | January 30, 2025
Musk’s DOGE Effort Spurs Copycat Push in Texas With New Bills
Texas Lieutenant Governor Dan Patrick wants to follow in the footsteps of Elon Musk. The state’s powerful Republican announced on Wednesday that one of the 40 bills he was prioritizing this legislative session is called “Texas DOGE – Improving Government …
Florida-Based Brown & Brown Reports Stronger Profits for 2024
Insurance Journal | January 30, 2025
Florida-Based Brown & Brown Reports Stronger Profits for 2024
DAYTONA BEACH, Fla. (AP) — Brown & Brown Inc. (BRO) on Monday reported fourth-quarter net income of $210 million, down from 2023’s Q4 results, but year-end results for 2024 were well above 2023’s numbers. On a per-share basis, the Daytona …
Marsh McLennan Reports Organic Growth of 7% During Q4 and Full-Year 2024
Insurance Journal | January 30, 2025
Marsh McLennan Reports Organic Growth of 7% During Q4 and Full-Year 2024
Marsh McLennan reported fourth quarter net income of $788 million, compared with $756 billion during Q4 2023. For the full-year 2024, MMC had net income of $4.1 billion, compared with $3.8 billion reported for FY 2023. Operating income for the …
OSHA Fines GE Appliance Maker Max Amount in Death of Alabama Worker
Insurance Journal | January 30, 2025
OSHA Fines GE Appliance Maker Max Amount in Death of Alabama Worker
Safety regulators fined a GE appliance manufacturer the maximum amount allowed by law in the 2024 death of an Alabama worker who was killed after the company ignored standard safety procedures, the U.S. Occupational Safety and Health Administration said this …
American Airlines Plane Collision Leaves No Hope for Survivors
Insurance Journal | January 30, 2025
American Airlines Plane Collision Leaves No Hope for Survivors
The collision between an American Airlines Group Inc. regional jet and a military helicopter near Ronald Reagan airport in Washington left no survivors on board the two aircraft, authorities said, making it one of the most deadly US air disasters …
Fortress Targets $1 Billion for Latest Litigation Finance Fund
Insurance Journal | January 30, 2025
Fortress Targets $1 Billion for Latest Litigation Finance Fund
Fortress Investment Group is seeking to raise about $1 billion for its latest fund in litigation finance, a sector in which it’s becoming a powerhouse, according to people familiar with the matter. The new fund, dubbed Fortress Legal Assets Fund …
Exposed Utility Wires May Have Contributed To LA’s Eaton Fire, Law Firm Says
Insurance Journal | January 30, 2025
Exposed Utility Wires May Have Contributed To LA’s Eaton Fire, Law Firm Says
A law firm representing victims of the Eaton Fire in Los Angeles has submitted photos with a legal filing on Wednesday that appear to show exposed wire at the base of a Southern California Edison tower that the firm alleges …
Net Income at Selective Insurance Drops on Unfavorable Casualty Reserve Development
Insurance Journal | January 30, 2025
Net Income at Selective Insurance Drops on Unfavorable Casualty Reserve Development
Selective Insurance Group reported a 24% drop in fourth quarter 2024 net income as its chief executive admitted the year did “not meet expectations.” Fourth quarter net income was $93.2 million compared to $122.5 million a year ago. Net income …
Alphabet’s Waymo to Test Autonomous Driving Technology in New Cities
Insurance Journal | January 30, 2025
Alphabet’s Waymo to Test Autonomous Driving Technology in New Cities
Alphabet’s self-driving unit Waymo announced on Wednesday it plans to expand testing of its autonomous driving technology in over 10 new cities in 2025. After testing the Waymo Driver in multiple cities, the company says the technology is adapting successfully …