Insurance Industry Observations for June

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 across the…

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Injuries, Property Damage Reported from Tornadoes in Iowa, Wisconsin

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       

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Alleged Safety Violations Bring Proposed $610K in Fines for Ohio Company

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       

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Officials: New Minot Flood Plain Map Could Hike Insurance Premiums

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       

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Texas Agencies, Higginbotham, Jeannette Blanton Insurance Merge

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 here:: Insurance Journal…

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Ratings of San Antonio’s Wright National Flood Insurance Affirmed

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:: Insurance Journal…

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Willis Re North America Names Ingle Head of Analytics

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       

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Bank of England Governor Warns Investors Failing to Consider Climate Risks

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       

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Arizona Residents Evacuated as Wildfires Sweep Western U.S.

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       

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