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News Archives - Insurance Journal
Verisk: Catastrophe Claims in Q4 Double on Late Hurricane Activity
A significant rise in claims from hurricanes rather than winter storms was to blame for a 36% increase in total fourth quarter 2024 claims. A new report from Verisk Analytics found catastrophe claims more than doubled year over year during …
POSTED MARCH 14, 2025 5:11 AM |
Global Instability Leads to 16-Year Low for Insurance Carrier M&A Deals
Two new reports highlight the stagnant mergers and acquisitions in the insurance industry in 2024. In fact, global insurance carrier M&As slumped to a 16-year low in 2024 amid a wave uncertainty and volatility through the year, Clyde & Co.’s …
POSTED MARCH 14, 2025 5:09 AM |
USG Insurance Services Adds Reinhold to Tampa Office
USG Insurance Services, a national wholesaler and managing general agent, has hired Joshua Reinhold as associate producer and broker in its Tampa office – another step in the company’s nationwide expansion plans. Reinhold has seven years of experience in the …
POSTED MARCH 14, 2025 5:02 AM |
Medical Chopper Reported Flight Control Problem Before Fatal Crash in Mississippi
CANTON, Miss. (AP) — A medical helicopter that crashed in a wooded area in Mississippi reported “a flight control problem” shortly before a Monday crash that killed all three people on board, federal authorities said. The pilot was going to …
POSTED MARCH 14, 2025 5:02 AM |
Rescue Plan for Bankrupt New Jersey Hospitals Under Threat
A plan to rescue three troubled New Jersey hospitals from bankruptcy is being challenged by their former owners, who claim mismanagement and an unfair land deal have tainted the reorganization. The bankruptcy-exit plan for CarePoint Health Systems pays too much …
POSTED MARCH 14, 2025 5:00 AM |
Next Round of Inspections in LA Fire Expected Next Week, Edison CEO Says
Southern California Edison will begin its first close-up physical inspections of certain power equipment under investigation for possible links to the start of the Eaton Fire in Los Angeles early this year, Edison International CEO Pedro Pizarro told Reuters at …
POSTED MARCH 14, 2025 5:00 AM |
News Corp. Sued by Google Search Engine Rival Brave Software to Defend Its ‘Fair Use’
News Corp. has been sued by Google search engine rival Brave Software, which seeks to forestall a lawsuit by Rupert Murdoch’s company for when readers are directed to copyrighted articles from the Wall Street Journal and New York Post. In …
POSTED MARCH 14, 2025 5:00 AM |
People Moves: SAN Names Sakraida Regional VP; Washington Named Pro-Praxis VP
Satellite Agency Network Group, Inc. (SAN), headquartered in Hampton, New Hampshire, appointed Michael Sakraida as regional vice president for Massachusetts, New Hampshire and Maine. With more than 15 years of experience in the insurance industry, Sakraida most recently served as …
POSTED MARCH 14, 2025 5:00 AM |
Maryland Regulator Settles Long-Running Dispute With Erie Insurance Over Discrimination Claims
Maryland’s insurance regulator has settled a long-running dispute with Erie Insurance Group over the insurer’s practices involving some urban agents and their insureds. The Maryland Insurance Administration said its market conduct examination that was actually conducted four years ago uncovered …
POSTED MARCH 14, 2025 5:00 AM |
State Farm, Consumer Group Battle Ahead of Calif. Insurance Commissioner Decision
Ahead of a decision from California’s insurance commissioner on a State Farm General request for emergency rate increases, company executives and representatives of a consumer group pled their opposing cases in letters to Commissioner Ricardo Lara. News outlets in California …
POSTED MARCH 13, 2025 8:13 PM |
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