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Tag: insurance-journal

MEMIC Group to Pay $19 Million Dividend to Its Maine Policyholders
Insurance Journal | October 9, 2025
MEMIC Group to Pay $19 Million Dividend to Its Maine Policyholders
Workers’ compensation specialist The MEMIC Group announced a $19 million dividend for more than 17,000 Maine policyholders. This annual dividend is based on the insurer’s financial performance, claims experience, and its insureds’ safer workplaces during the 2022 calendar year. The …
Argentina Soccer Match Pulled From Chicago Amid Troop Tension
Insurance Journal | October 9, 2025
Argentina Soccer Match Pulled From Chicago Amid Troop Tension
A soccer match between Argentina and Puerto Rico is being relocated to Florida from Chicago, according to people familiar with the decision, a day after the Texas National Guard arrived in the third-largest US city. The friendly match, originally scheduled …
Rural Texas Residents Struggle with Noise Pollution from Nearby Crypto Facility
Insurance Journal | October 9, 2025
Rural Texas Residents Struggle with Noise Pollution from Nearby Crypto Facility
Danny Lakey and his wife have spent countless evenings sitting on rocking chairs on their front porch, watching the sun slowly dip behind the cows grazing on their neighbor’s ranch. It was the calm country life they dreamed of in …
Texas to No Longer Issue Commercial Drivers Licenses for Many Immigrants
Insurance Journal | October 1, 2025
Texas to No Longer Issue Commercial Drivers Licenses for Many Immigrants
Texas will no longer issue or renew commercial driver’s licenses to DACA recipients, refugees or people with asylum, the Texas Department of Public Safety announced Monday. Commercial driver’s licenses, or CDLs, are for driving vehicles for business purposes, such as …
Private Equity Firm B.P. Marsh Takes Minority Stake in UK Broker Oneglobal
Insurance Journal | October 1, 2025
Private Equity Firm B.P. Marsh Takes Minority Stake in UK Broker Oneglobal
B.P. Marsh & Partners Plc, the specialist private equity investor, announced it has taken a minority stake in Oneglobal, the London-based retail and wholesale insurance broker, which is majority owned by PE firm J.C. Flowers & Co. The investment will …
September Marks Rare Absence of Hurricane Landfalls in US
Insurance Journal | October 1, 2025
September Marks Rare Absence of Hurricane Landfalls in US
September turned out to be a slumber for hurricane watchers. For the first time in a decade, the month of September produced no hurricane landfalls in the United States. Seven of the previous eight years this occurred, no hurricane made …
People Moves: AXA XL Reinsurance Appoints Kopf From Swiss Re as Senior Underwriter Aviation; Aon Promotes Polanco as Iberia Reinsurance Leader
Insurance Journal | October 1, 2025
People Moves: AXA XL Reinsurance Appoints Kopf From Swiss Re as Senior Underwriter Aviation; Aon Promotes Polanco as Iberia Reinsurance Leader
This edition of International People Moves details appointments at AXA XL Reinsurance and Aon. A summary of these new hires follows here. AXA XL Reinsurance Appoints Kopf From Swiss Re as Senior Underwriter Aviation AXA XL Reinsurance announced that Jennifer …
Missouri Insurance Agent Charged With Fraud
Insurance Journal | October 1, 2025
Missouri Insurance Agent Charged With Fraud
Missouri Attorney General Catherine Hanaway announced today that her Office has filed felony charges against a St. Peters insurance agent following an investigation into deceptive practices. Pamela Walsh faces nine counts of Deceptive Business Practices, a Class E felony under …
World Acquires Indiana’s ACB
Insurance Journal | October 1, 2025
World Acquires Indiana’s ACB
World Insurance Associates LLC announced that it acquired the business of ACB Insurance Inc. (“ACB”) of Indianapolis, Indiana on June 1, 2025. Terms of the transaction were not disclosed. ACB provides insurance to individuals, families and businesses. The agency is …
Florida Painting Firm Fined $877,000 After Worker’s Fatal Fall From Savannah Bridge
Insurance Journal | October 1, 2025
Florida Painting Firm Fined $877,000 After Worker’s Fatal Fall From Savannah Bridge
The U.S. Occupational Safety and Health Administration has fined a Florida commercial painting contractor $877,000 – one of the largest OSHA fines in recent years – six months after a worker fell from a bridge near Savannah, Georgia. Seminole Equipment …