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News – Insurance Journal
JKJ Merges with Witherspoon on Scuba and Marine Insurance
Johnson, Kendall & Johnson, an insurance brokerage firm, has merged with Tennessee-based Witherspoon & Associates to offer expanded coverage for the marine and scuba industry, the company announced. The merger will extend programs for individual professional liability, dive facilities, dive …
POSTED OCTOBER 28, 2021 5:07 AM |
Lloyd’s Ups Climate Pledge, Vow to Push Members on Net Zero: Reuters
Lloyd’s of London said on Thursday it would join peers in scaling up efforts to cut carbon emissions and push members of the commercial insurance market to do the same, days before international climate talks get underway in Scotland. Lloyd’s …
POSTED OCTOBER 28, 2021 5:00 AM |
UN Proposes Net Zero Verification Standard for Corporate Climate Claims
A U.N.-backed body launched a scheme to verify corporates’ net zero strategies on Thursday that is likely to become a standard for regulators and investors to measure companies’ climate ambitions. With rising investor and societal pressure on companies to reduce …
POSTED OCTOBER 28, 2021 5:00 AM |
Report Finds Meat Plant Workers’ COVID Cases Much Higher Than Previous Estimates
Workers at the leading U.S. meatpacking plants experienced cases and death from COVID-19 that were up to three times previous estimates, according to a report by the House Select Subcommittee on the Coronavirus Crisis seen by Reuters. The U.S. House …
POSTED OCTOBER 28, 2021 5:00 AM |
For Home Insurers, Weather Proves More Costly While COVID Measures Lower Claims
Catastrophic weather events such as wildfires, hurricanes and floods caused 39% of home insurance claims in 2020 – the highest percentage in the last six years. According to the 2021 LexisNexis Home Trends Report, the loss cost in 2020 also …
POSTED OCTOBER 28, 2021 5:00 AM |
Unlicensed California Insurance Agent Arraigned in $1.4M Workers’ Comp Fraud Scheme
Unlicensed insurance agent Karyl Lynn Reed, 57, formerly of Cosa Mesa, Calif., was arraigned this week on multiple felony counts of grand theft, forgery, embezzlement, and aggravated white-collar crime after allegedly defrauding three victims of over $1.4 million. Reed was …
POSTED OCTOBER 28, 2021 5:00 AM |
California Labor Commissioner Cites Drywall Company $7.2M for Wage Theft
The California Labor Commissioner’s office cited NGC Construction Inc. $7.2 million for wage theft violations affecting 724 workers. An investigation reportedly showed that the Visalia-based drywall company paid workers a fixed amount per project known as “piece-rate.” The workers, who …
POSTED OCTOBER 27, 2021 8:09 PM |
$5M in Grants Released to Help California Homeowners Prep for Quakes
California’s Earthquake Brace + Bolt grant program is expanding, and it now includes 395 ZIP Codes where qualifying homeowners can get up to $3,000 to offset the cost of completing a seismic retrofit, the California Earthquake Authority announced. The program …
POSTED OCTOBER 27, 2021 8:02 PM |
Severe Storm Brings Tornado Watch to Texas, Louisiana
A severe storm generated thunderstorms and reports of tornados across southeastern Texas into Louisiana late morning Wednesday, Oct. 27. The National Weather Service put out severe thunderstorm and tornado warnings for much of the Houston-Galveston region. Most of those warnings …
POSTED OCTOBER 27, 2021 4:20 PM |
People Moves: J.M. Wilson Adds Hotrum; Omaha National Names Four to Board of Directors
J.M. Wilson hires Hotrum as assistant brokerage underwriter J.M. Wilson has hired Amy Hotrum as assistant brokerage underwriter in their Portage, Michigan office. Hotrum is responsible for assisting underwriters with a wide variety of new and renewal brokerage risks, as …
POSTED OCTOBER 27, 2021 3:41 PM |
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