Construction Site Fatalities Down, Injuries Up in New York City
Building construction-related fatalities in the five boroughs of New York City are at the lowest number in nearly a decade, with seven deaths in 2023 as compared to a high of 14 in 2019. While fatalities are down, the annual …
Hub Acquires Michigan’s True North Group
Hub International Limited announced the acquisition of the assets of True North Group Insurance Services, LLC (True North Group). Terms of the transaction were not disclosed. Located in Howell, Michigan, True North Group is an independent insurance agency that focuses …
People Moves: IMA Financial Group Names Mizell Director of Energy & Marine Practice
IMA Financial Group, Inc., headquartered in Houston, named John Mizell as a director within IMA Houston’s energy and marine practice. Before joining IMA, John led McGriff Insurance Services, Inc.’s Houston office as executive vice president and energy and marine practice …
Houston Floodwaters Start to Recede; 800 Structures Damaged
HOUSTON (AP) — Floodwaters in the Houston area and parts of Southeast Texas began to recede on Monday, allowing residents to begin returning to their homes and assess damages after days of heavy rainfall that pummeled the area and led …
People Moves: RT Specialty’s Environmental & Construction Professional Practice Promotes Six
RT Specialty made six promotions to leadership roles in its environmental & construction professional practice. Hannah Altomare was promoted to consultant. Altomare joined RT ECP six years ago. She previously served as commercial lines account manager at Dash & Love, …
Louisiana Governor Signs Package of Property Insurance Reform Bills
Louisiana governor Jeff Landry signed a package of insurance reform bills Tuesday aimed at encouraging insurers to write more business in the state’s property market. The legislation, endorsed by Louisiana Insurance Commissioner Tim Temple, will give property insurers more flexibility …
Truist Finishes Insurance Subsidiary Sale; Broker Rebrands as TIH, Names All-Star Board
Truist Financial Corporation today said it completed the previously announced sale of its remaining stake in Truist Insurance Holdings, the fifth largest insurance brokerage in the United States, to an investor group led by private equity firms Stone Point Capital …
NHTSA Seeks Answers From Tesla in Autopilot Recall Probe
U.S. auto safety investigators are seeking detailed answers and documents from Tesla in a probe into the automaker’s December recall of more than 2 million vehicles to install new Autopilot safeguards. The National Highway Traffic Safety Administration (NHTSA) said last …
Georgia Governor Signs Bill Regulating Kratom, a Supplement Blamed for Deaths
ATLANTA (AP) — Georgia’s governor on Thursday signed a bill putting new regulations on the production and sale of products containing kratom, a plant-based supplement. The law, which takes effect Jan. 1, prohibits the sale of kratom to anyone under …
Bounce House Swept Up By Wind Kills One Child and Injures Another
One child was killed and another injured when a bounce house was swept up by wind in Casa Grande, Arizona, in what local authorities called “a tragic accident.” Saturday’s fatality occurred after a strong gust sent the inflatable toy house …
Australia’s Qantas to Pay $79M to Settle Flight Cancellation Case
Australia’s Qantas Airways agreed to pay A$120 million ($79 million) to settle a regulator lawsuit over the sale of thousands of tickets on already canceled flights, in an attempt to end a reputational crisis that has engulfed the airline. The …
EU Aims to Target 11 Russian Ships Involved in Sanctions-Busting
The European Union has proposed restrictions on 11 vessels that contribute to Russia’s ability to sustain its war against Ukraine. The proposed measures, if approved by member states, would ban the ships from accessing EU ports and anchorage zones, and …
HSB Opens Office in the Kingdom of Saudi Arabia
HSB announced the opening of a new office location in Al-Jubail, Saudi Arabia, on May 6. “One of our strategic priorities is to increase accessibility to HSB’s inspection and engineering services, particularly in growing markets such as Saudi Arabia,” said …
People Moves: Everest Names US Regional Execs to North America Insurance Leadership
Everest Insurance, the insurance division of Everest Group, Ltd. headquartered in Hamilton, Bermuda, appointed four United States regional executives as part of realigning its retail business into four regions. Craig Hanrahan, regional executive, U.S. northeastern region, joins Everest from Chubb, …
CDC Asks States to Make Worker Protective Gear Available to Combat Bird Flu
The U.S. Centers for Disease Control and Prevention (CDC) said on Monday it had met with state health officials and asked them to facilitate distribution of protective gear for farm workers to avoid infection against H5N1 bird flu. The CDC …
The Top 15 U.S. Metros with High Exposure to Wildfire Risk
The number of wildfires per year is going down, but the increasing size and intensity of the fires is creating more property damage than ever before – in fact, the average fire size has tripled over the past 30 years, …
Everton FC Buyer Accused of Fraud, Double-Pledging Assets in Lawsuit
Lenders to 777 Partners have accused it of fraud, claiming that the Miami-based investment firm borrowed against $350 million of assets that it didn’t own, didn’t exist or were already promised to someone else. Josh Wander, co-founder of 777 Partners, …
Fannie/Freddie Rock Insurance World With Guidelines That Bar ACV Coverage for Homes
A new rule from Fannie Mae and Freddie Mac, if it stands, could throw a wrench into the property-casualty insurance industry’s move toward actual cash value for more homeowners and condo coverage. Starting June 1, the government-backed mortgage corporations, which …
Hub Acquires Cargill Agency of Massachusetts
Insurance broker Hub International Limited announced it has acquired the assets of William R. Cargill Insurance Agency, Inc. Terms of the transaction were not disclosed. Based in Topsfield, Massachusetts, Cargill Insurance is a family owned and operated insurance agency providing …
Monsanto Gets $185 Million PCB Verdict Tossed in Washington
Bayer AG’s Monsanto unit persuaded an appeals court in Washington state to throw out a $185 million jury award to three former teachers at a Seattle-area school who blamed exposure to the firm’s toxic chemicals for their brain injuries. A …