Find Out How Salaries & Satisfaction Stack Up: Agency Salary Survey
We invite ALL retail agency owners, principals, producers, CSRs — the entire agency — to participate in Insurance Journal’s annual independent insurance agency salary survey. Be a part of the industry’s favorite salary survey while learning more about agency compensation …
Sandy Hook Families Reach Settlement Over Alex Jones’ Bankruptcy
Families who have sued Alex Jones over his false claims about the Sandy Hook massacre have resolved their disputes on how to divide the bankrupt conspiracy theorist’s assets, clearing the way for a sale of Jones’ Infowars platform, attorneys said …
LA Wildfires Losses Could Top $30 Billion for Insurance Industry
Wildfires that have ravaged swaths of Los Angeles could result in losses of as much as $30 billion for the insurance industry as the blazes rage on almost a week after they ignited. The new estimates from Wells Fargo & …
Russian Insurer Says US Sanctions Against it Increase Risk of Environmental Disaster
Russian insurance company Ingosstrakh said on Friday [Jan. 10] that U.S. sanctions against it would increase the risk of environmental disasters. The Biden administration on Friday imposed its broadest package of sanctions yet targeting Russia’s oil and gas revenues in …
Russia Expands Response to Biggest Black Sea Fuel Spill in Decades
Russia has formed a new government commission to coordinate clean up of the biggest spill of oil products in the Black Sea in recent history as the Kremlin continues to assess the full scale of the catastrophe. Two tankers carrying …
People Moves: Vermont Mutual Names McDonnell CEO; Carangelo Joins DeCotis
Vermont Mutual, headquartered in Montpelier, Vermont, named company president Mark J. McDonnell as chief executive officer. McDonnell first joined Vermont Mutual as senior vice president in 2014. He was named executive vice president and chief operating officer (COO) in 2015 …
With Waters and Mandates Rising, HoneyQuote Adds Flood Insurance Price Tool
As more policyholders with Florida’s Citizens Property Insurance are statutorily required to purchase flood insurance, another insurance rate-quoting service has gotten in on the act. Officials with HoneyQuote.com announced Monday that the firm has started offering flood insurance quotes from …
Navion Acquiring Pegasus Capital & Insurance Services in California
Navion insurance Associates Inc. has acquired Pegasus Capital & Insurance Services Inc. in California. Pegasus Capital & Insurance Services is an insurance agency that specializes in serving the commercial insurance needs of its clients. Navion Insurance Associates is based in …
US Chicken, Pork Plant Workers Face Higher Health Risks, USDA Studies Confirm
Workers in U.S. chicken and pork plants face higher risks than other manufacturing workers for musculoskeletal disorders such as carpal tunnel syndrome, according to two studies the U.S. Department of Agriculture issued on Friday. The findings highlight health concerns for …
New York Governor Wants to Curb Hedge Funds Buying of Homes
New York Gov. Kathy Hochul last Thursday said she will push for new laws to make it harder for hedge funds to purchase large numbers of single-family homes in the state. In a statement, Hochul said she would propose legislation …
Stricken Oil Tanker Towed to Safety Off German Island of Ruegen
An oil tanker sailing under the Panamanian flag that ran out of power in the Baltic Sea last week has been towed to safety off the German island of Ruegen, authorities said. The Eventin, carrying nearly 100,000 tons of oil, …
Yodel Lawsuit Exposes Strains in UK’s Troubled Parcel Industry
A van delivery entrepreneur whose startup was dubbed the Uber of the moving business was accused of asset-stripping and misappropriating funds after his takeover of a major UK parcel shipment firm fell apart. Shift, which was set up in 2017, …
Tougher US Sanctions to Curb Russian Oil Supply to China and India
Chinese and Indian refiners will source more oil from the Middle East, Africa and the Americas, boosting prices and freight costs, as new U.S. sanctions on Russian producers and ships curb supplies to Moscow’s top customers, traders and analysts said. …
FEMA Maps Lead to Development in Flood-Risk Areas, NC State Study Shows
A study by researchers at North Carolina State University supports what some critics of federal flood maps have said for years: That lines drawn on a map give a false sense of security from flooding and have led to increased …
US Sues Airbnb After Host Rejected Rental to Mother With Children
Airbnb was sued by the U.S. government on Friday over a host’s refusal to rent an apartment to a mother with three school-age children. In a complaint filed in San Francisco federal court, the Department of Justice said the home …
Bodies In Landing Gear. Stowaways. Open Doors. What’s Up With Aviation Security?
What is going on with aviation security? People have been found dead hiding in the wheel wells of planes twice in the past month. Two stowaways were arrested on different flights in November and December. Then a passenger opened an …
Heffernan Insurance Brokers Acquires Green Financial in Washington
Heffernan Insurance Brokers acquired Green Financial in Kirkland, Washington. Fred Green, president of Green Financial, and his team have joined Heffernan Insurance Brokers’ small business division, HeffDirect. Founded in 1986 by Fred Green and his father Harry Green, Green Financial …
American Airlines’ ESG-Based Investing for 401(k) Plan Is Illegal, US Judge Rules
A federal judge in Texas on Friday said American Airlines violated federal law by basing investment decisions for its employee retirement plan on environmental, social and other non-financial factors. The ruling by U.S. District Judge Reed O’Connor appeared to be …
People Moves: Film Broker Baratta Joins Front Row Insurance in Los Angeles
Front Row Insurance Brokers LLC hired film insurance broker Anthony Baratta to its Los Angeles office. Baratta joins Front Row after a 16-year career at Gallagher Entertainment, where he served as area senior vice president. Baratta began his career at …
Vermont School District Settles With US Over Racial Harassment Allegations
A Vermont school district’s inadequate response to serious and widespread harassment of Black and biracial students has led to a settlement agreement with the federal government, the U.S. Justice Department said Wednesday. The department’s Civil Rights Division and the Vermont …