News Center
News Archives - Insurance Journal
Researchers to Build ‘Cat 6’ Hurricane Simulator with 200 mph Winds
The Category 6 hurricane’s howling winds accelerate to a startling 200 mph in Miami, mercilessly pummeling a two-story wood-frame house until the roof tears off and the rattling windows explode. And a towering 20-foot storm surge spawns battering waves, swamping …
POSTED MAY 18, 2022 5:41 AM |
Architect of Allianz Fraud Made $60 Million as He Lied to Investors, U.S. Says
The star portfolio manager at the center of a fraud at the U.S. funds unit of Allianz SE relied on the German insurer’s good name to lure investors and thrived from a lack of oversight as he pocketed $60 million …
POSTED MAY 18, 2022 5:30 AM |
Asked to Rethink 41% Rate Increase, Florida Farm Bureau Did. New Request is Even Higher
When Florida Farm Bureau Insurance companies filed for a 41% rate increase for homeowners last December, the Florida Office of Insurance Regulation asked company actuaries to sharpen their pencils, review all data and try again. The insurer’s vice president said …
POSTED MAY 18, 2022 5:01 AM |
11th Circuit: Safeco Doesn’t Owe in Subro Claim by Agency’s E&O Carrier
A federal appellate court threw out a Florida jury verdict that would have required a Liberty Mutual unit to pay $1.6 million in damages for failing to defend an independent insurance agency against a lawsuit that accused it of failing …
POSTED MAY 18, 2022 5:01 AM |
California Business Owners Arraigned for Workers’ Comp Fraud
Three California business owners were arraigned for insurance fraud this week after an investigation reportedly showed they illegally conspired to lower workers’ compensation premiums. Troy Williams, 49, of Angels Camp, Nanci Morman, 68, of Somerset, and John Allison, 63, of …
POSTED MAY 18, 2022 5:00 AM |
Maryland Internship Program Trains Firefighters of Tomorrow
Three firefighters entered a building that simulated a burning third-floor apartment fire. In the training exercise, Bryan Duvall douses the flames with a hose while Tiffany Huber and Riley Becker search for a missing firefighter. The rescuers’ vision is impaired …
POSTED MAY 18, 2022 5:00 AM |
Liberty Partners With Ohio’s Roger Smith
The Liberty Company Insurance Brokers formed a recent partnership with Roger Smith Insurance Agency of Tiffin, Ohio. Founded in 1987 by Roger Smith and currently led by his son, Kyle Smith, the firm offers personal, commercial, life, annuities, and health …
POSTED MAY 17, 2022 4:54 PM |
Video of Carolina Beach House Collapsing into Sea Continues to Go Viral
A video of a beach house being swallowed by the sea on North Carolina’s Outer Banks continues to go viral, drawing new attention to the impact that rising seas and storms are having on vulnerable properties and their insurance costs. …
POSTED MAY 17, 2022 4:34 PM |
U.S. Traffic Deaths Jump 10.5% in 2021 to Highest Number Since 2005
U.S. traffic deaths jumped 10.5% in 2021 to 42,915 – the highest number killed on American roads in a single-year since 2005, U.S. regulators said Tuesday in its preliminary estimate. The yearly increase is the highest reported since the National …
POSTED MAY 17, 2022 3:37 PM |
Three More Florida Insurers Asking for Big Rate Hikes at Hearings
The Florida Office of Insurance Regulation held hearings Tuesday on major rate increases from three more property insurers: Florida Farm Bureau, First Floridian, and Kin Interinsurance Network. The Kin and First Floridian hearings began Tuesday morning but the Farm Bureau …
POSTED MAY 17, 2022 3:16 PM |
Yahoo News - Latest News & Headlines
NOTICE: The links and articles found on or within this news center are simply for informational purposes that we believe may be of benefit to our clients and/or website visitors. By providing these links on our website, we are not recommending or endorsing the use of the particular products or services these third parties offer. Nor does Angelina Casualty Insurance Agency confirm, corroborate or agree to the statistics or opinions on these links and articles. We urge you to review each website’s Privacy Policy, Disclaimers, and develop an independent opinion of the service or product for any link pursued.
|