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Insurance Journal delivers the latest business news for the Property/Casualty insurance industry
Updated: 8 hours 46 min ago

MJ Insurance Adds Jokl as Risk Transfer Specialist in Indianapolis

11 hours 32 min ago
Indiana-based MJ Insurance has hired Stephanie Jokl as a risk transfer specialist on its commercial insurance and risk management team. Jokl will develop and execute client risk financing and transfer strategies with the risk analysis and client advocacy teams. Most …

Flames Shot Out of Grinder Before 2017 Wisconsin Mill Explosion

11 hours 51 min ago
A corn grinder began belching flames shortly before a deadly explosion tore through a southern Wisconsin mill last year, federal safety inspectors said. The May 31 blast at the Didion Milling Co. plant in Cambria killed five workers, injured 14 …

Oklahoma Has New Vendor for Insurance Licensing Exams

11 hours 59 min ago
Oklahoma has a new vendor for licensing exams for insurance professionals and bail bondsman. The Oklahoma Insurance Department (OID) reported that Prometric will develop and deliver exam content for all of OID’s statewide licensing examinations. Oklahoma requires insurance professionals and …

Associated Banc-Corp Acquiring Minnesota’s Anderson Insurance & Investment

12 hours 1 min ago
Green Bay, Wisconsin-based Associated Banc-Corp (Associated) announced its Associated Benefits and Risk Consulting (ABRC) group will acquire Anderson Insurance & Investment Agency Inc. (Anderson), an independent insurance agency based in Minneapolis, Minnesota. The transaction is expected to close next month. …

SoftBank Talks Over Buying Stake in Swiss Re Stalled: Bloomberg

12 hours 5 min ago
Talks between billionaire Masayoshi Son’s SoftBank Group Corp. and Swiss Re AG about buying a stake in the world’s second-biggest reinsurer have come to a standstill, people familiar with the matter said. The two sides disagree on the price and …

Insurers Offering Discounts on Tornado-Resilient Homes in Oklahoma

12 hours 7 min ago
Dozens of insurance companies are now offering discounts to Oklahomans who have built or retrofitted their homes to certain tornado-resilient standards, the Oklahoma Insurance Department announced. A new law went into effect on April 1 requiring the discounts. Since then, …

Michigan’s Global Marine Insurance Expands Team with Norman-Spencer Hires

12 hours 10 min ago
Global Marine Insurance Agency (GMIA) in Traverse City, Mich., a specialty marine brokerage and program administrator, has expanded its product offering and leadership team. GMIA is the marine division of Specialty Program Group LLC (SPG). Mark Yearn, RJ Lorenzi and …

Texas Surplus Lines Stamping Office Sees Drop in Late Filings

12 hours 17 min ago
The Surplus Lines Stamping Office of Texas (SLTX) reported that the number of surplus lines policies filed with SLTX after the filing deadline has decreased since the start of the SLTX late filers outreach program. In 2017, 993 brokers filed …

Aon Appoints Lambrou Global Chief Commercial Officer, CEO of Global Specialties

12 hours 58 min ago
Global insurance broker Aon announced the appointment of Lambros Lambrou to the new role of global chief commercial officer and CEO of Global Specialties for the firm’s commercial risk business. Lambrou has worked within the risk management industry for three …

Drive to Autonomous Vehicles Slows After Series of Accidents

13 hours 14 min ago
A series of high-profile accidents involving self-driving cars are slowing the mad rush into the autonomous vehicles business, according to a report issued Wednesday. The accidents, some of them fatal, have ignited a debate about how to regulate the safety …

Facebook Loses Bid to Delay EU Data Privacy Suit

13 hours 27 min ago
Ireland’s High Court has refused a request by Facebook to delay referral to Europe’s top court of a landmark privacy case that could strike down legal instruments used by U.S. tech companies to transfer EU users’ data to the United …

Instructor Sues Oregon University over Racial Discrimination

13 hours 33 min ago
An instructor has filed a lawsuit against Northwest Christian University in Eugene, Ore. alleging the school wrongly fired him while he was on medical leave because of work-related stress. The Register-Guard reports Johnny Lake, a black man, says he lost …

3 Small Earthquakes Occurred off Southern California Ocean

13 hours 45 min ago
Several minor earthquakes well offshore have lightly shaken some Southern California coastal communities, according to the U.S. Geological Survey. The quakes occurred before dawn Tuesday near the southern end of San Clemente Island, more than 60 miles off the mainland. …

California Supplement Seller to Settle Pregnancy Discrimination Suit

13 hours 48 min ago
Tarr Inc. and Zenith LLC, a San Diego Calif.-based company that sells dietary supplements, will pay $50,000 and provide other relief to settle a pregnancy discrimination lawsuit filed by the U.S. Equal Employment Opportunity Commission, the federal agency announced today. …

Brown & Brown to Acquire Servco Pacific in Hawaii and Northwest

13 hours 56 min ago
Brown & Brown Inc. has entered into an agreement to acquire the Servco Pacific Insurance operations in Hawaii and the Pacific Northwest. The transaction is expected to close in June 2018, subject to certain closing conditions. Terms were not disclosed. …

The Hartford Reports Big Profit Gain in Q1; Record New Commercial Business

14 hours 21 min ago
The Hartford reported a big rise in net income for the 2018 first quarter, crediting improved overall underwriting results, lower catastrophe losses, a boost in net investment income and tax reform. Net income for the quarter came in at $597 …

Amazon, Lowe’s, Tesla Make ‘Dirty Dozen’ Unsafe Workplace List

14 hours 26 min ago
Amazon, Lowe’s and Tesla are among the firms on a list of employers with unsafe workplaces published by a federation of labor, health and safety groups. The National Council for Occupational Safety and Health (National COSH) released its annual “The …

Octo Telematics Says It’s Freed from U.S. Sanctions After Execs Buy Russian Shares

15 hours 51 min ago
Italy’s Octo Telematics, a global provider of telematics for the auto insurance industry, confirmed the completion of the purchase of 20 percent of the company’s shares by its Chairman Sir John Peace and Chief Executive Fabio Sbianchi from shareholder Nes …

Swiss Re Receives OK for Expanded South Africa License

16 hours 13 min ago
Swiss Re’s reinsurance business unit has a newly-approved license for property/casualty business in South Africa. The move completes Swiss Re’s pan to re-domicile its Southern African P/C business onto the continent. The South African Prudential Authority has approved Swiss Re’s …

Vermont’s USA Risk Group Promotes Lyford to Senior Vice President

18 hours 12 min ago
USA Risk Group (USARG), a Barre, Vt.-based independent captive management firm, has promoted Cindy Lyford to senior vice president. Lyford currently serves as office head for the Vermont and Western domiciled captive insurance business. Prior to her promotion, she served …

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