Insurance Industry Observations for June By Mike McDonough It may be hard to believe, but we’re already approaching the 4th of July! Summer is here and the job market is in full swing. This week we have over 100 new jobs on our board and are looking for qualified talent for over 600 openings…(Read More)
By Stephanie K. Jones Thunderstorms that spun off tornadoes as they rumbled across Iowa injured at least two people, mowed down crops and damaged homes and farm buildings. In Wisconsin, at least one person was reported injured, as well. Tornadoes were reported on June … Read More Read more here:: Insurance Journal  …(Read More)
By Stephanie K. Jones A federal safety agency has proposed a $610,000 penalty against a central Ohio company for exposing workers to machine hazards and harmful levels of silica. The Occupational Safety and Health Administration said in a statement that violations were found during … Read More Read more here:: Insurance Journal  …(Read More)
By Stephanie K. Jones Minot, N.D., leaders say the Federal Emergency Management Agency’s proposed new flood plain map could raise insurance premiums for thousands of property owners. The preliminary map shows about 4,000 properties along the Souris River moving from preferred flood risk to … Read More Read more here:: Insurance Journal …(Read More)
By Stephanie K. Jones Fort Worth, Texas-based Higginbotham has partnered with the Jeannette Blanton Insurance Agency Inc., a branch office of Dallas-based Independent Insurance Group Inc. Jeannette Blanton Insurance is located in Ennis, Texas. The seven-person office is operated by Jeannette Blanton-Monnat and endorsed by the Association … Read More Read more…(Read More)
By Stephanie K. Jones A.M. Best has affirmed the financial strength rating of A- (Excellent) and the long-term issuer credit rating of “a-” of Wright National Flood Insurance Co. (WNFIC) in San Antonio, Texas. The outlook of these credit ratings (ratings) is stable. The ratings reflect WNFIC’s … Read More Read more here…(Read More)
By Andrew G. Simpson Brian Ingle will lead the Analytics team for Willis Re North America following Alice Underwood’s appointment as head of Risk Consulting and Software. Ingle will report to Jim Bradshaw, CEO, Willis Re North America. Ingle joined Willis Re in 2006 … Read More Read more here:: Insurance Journal  …(Read More)
By L.S. Howard Bank of England Governor Mark Carney said he’s concerned investors aren’t doing enough to assess threats that global warming will have on assets they purchase. The central bank governor who also leads the Financial Stability Board advising the Group of … Read More Read more here:: Insurance Journal  …(Read More)
By Don Jergler An Arizona wildfire that forced thousands from their homes and came dangerously close to consuming a town was 43 percent contained by Thursday evening, authorities said. Roughly 1,400 evacuated residents of the community of Mayer were allowed to go home … Read More Read more here:: Insurance Journal  …(Read More)
By Don Jergler Hawaii’s largest workers’ compensation insurer is canceling insurance policies for seven medical marijuana dispensaries preparing to open this summer. Hawaii Employers’ Mutual Insurance Co., citing concerns over criminal liability since the drug is considered illegal by the federal government, notified … Read More Read more here:: Insurance Journal  …(Read More)