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News – Insurance Journal
Generali’s Operating Profit Increases 10.4% During First Half
Italy’s top insurer Generali said on Tuesday it was on track to meet full-year targets after first-half results came in slightly ahead of expectations thanks to the positive contribution of all business sectors. First-half operating profit stood at 3 billion …
POSTED AUGUST 03, 2021 7:26 AM |
295K Pounds of Raw Beef Recalled by Nebraska Meat Processor
An Omaha, Nebraska, meat processor has recalled more than 295,000 pounds of raw beef products that may be contaminated with E. coli. The U.S. Department of Agriculture’s Food Safety and Inspection Service announced Greater Omaha Packing’s recall. The beef products, …
POSTED AUGUST 03, 2021 6:42 AM |
N.M. Gas Stations Can Be Sued for Selling to Drunken Drivers
Gas station retailers are reeling from a recent New Mexico Supreme Court decision that finds the stores can be held civilly liable for selling gas to intoxicated drivers. The July ruling could have major ramifications for service stations and other …
POSTED AUGUST 03, 2021 5:34 AM |
Confie Acquires ASAP Insurance in Texas
Huntington Beach, California-based personal lines insurance distribution company, Confie, acquired ASAP Insurance in Texas. With the acquisition of ASAP Insurance, the company broadens its presence in Texas. ASAP stores will join Confie’s standard and personal lines brand structure and be …
POSTED AUGUST 03, 2021 5:04 AM |
Forgotten Oil and Gas Wells Lingering, Leaking Toxic Chemicals
Rusted pipes litter the sandy fields of Ashley Williams Watt’s cattle ranch in windswept West Texas. The corroded skeletons are all that remain of hundreds of abandoned oil wells that were drilled long before her family owned the land. The …
POSTED AUGUST 03, 2021 5:01 AM |
People Moves: Capital Insurance Adds Okelberry, Ebnet, La Porta to Leadership Team
Capital Insurance Group in California has promoted three members of the senior leadership team: Kevin Okelberry, Tammy Ebnet and John La Porta. Okelberry has been promoted to vice president and chief underwriting officer. Okelberry will lead the underwriting, product, field, …
POSTED AUGUST 03, 2021 5:00 AM |
Infrastucture Bill Includes Safety Technology Mandates for Cars, Trucks
New cars will be required to have technology to detect drunk drivers and a system to keep children from being accidentally left in vehicles on hot days under a series of long-sought safety measures included in the infrastructure bill awaiting …
POSTED AUGUST 03, 2021 5:00 AM |
Insurtech Attracts $15.5M to Its Commercial, High Net Worth Flood Insurance Platform
Colorado-based reThought Insurance, a managing general agency focused on the flood insurance market, has secured $15.5 million in investment to accelerate its growth. The company currently writes flood coverage for complex mid-tier commercial risks and high net worth properties but …
POSTED AUGUST 03, 2021 5:00 AM |
Mosaic Insurance Launches Transactional Liability Market
Mosaic Insurance began underwriting transactional liability coverage with a new product launched last month in the United States amid a current upsurge in mergers and acquisitions (M&A) activity. The global specialty insurer, launched in February 2021, offers a market on …
POSTED AUGUST 02, 2021 4:57 PM |
Insurance Broker Gallagher Sued Over Ransomware Attack
Insurance and benefits broker Arthur J. Gallagher is the target of a proposed class action lawsuit over a ransomware attack it suffered in 2020. The plaintiffs allege that Gallagher failed to follow federal and state government and industry standards to …
POSTED AUGUST 02, 2021 4:44 PM |
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