News Center
News Archives - Insurance Journal
3M Faces $100 Billion in Losses From Veterans’ Earplug Suits, Expert Says
3M Co. faces more than $100 billion in losses and bankruptcy because of lawsuits brought by veterans who blame their hearing problems on faulty earplugs, according to a litigation consultant hired by lawyers suing the industrial conglomerate. Initial results from …
POSTED AUGUST 16, 2022 6:15 PM |
Weston’s Texas, Louisiana Policies to be Canceled September 7
Weston Property & Casualty Insurance Co. policies in Texas and Louisiana will be canceled on September 7 after the Florida-based insurer was ordered to end operations in early August after going insolvent. The Texas Department of Insurance (TDI) said Weston …
POSTED AUGUST 16, 2022 4:45 PM |
Pair of Texas Companies Earn Safety Awards
The Texas Department of Insurance, Division of Workers’ Compensation (DWC) renewed two Texas companies’ Lone Star Safety Awards for their exemplary workplace safety programs and low rates of work-related injuries and illnesses. The companies include Pond and Company in Pasadena …
POSTED AUGUST 16, 2022 4:29 PM |
P/C Underwriting Profitability to Worsen as Inflation, Hard Market Persist: Triple-I, Milliman
The 2022 combined ratio for the property/casualty insurance industry is forecast to be 100.7, a worsening of 1.2 points relative to 2021, driven by significant deterioration in the personal auto line. Loss pressures and a hard P/C market are expected …
POSTED AUGUST 16, 2022 4:08 PM |
Packaging Manufacturer Faces $178K in Fines After Ohio Worker’s Burns
A federal workplace safety investigation into how a 25-year-old manufacturing worker suffered serious arm burns in February that required hospitalization, determined his Ohio employer failed to follow required federal safety standards that might have prevented the incident. The U.S. Department …
POSTED AUGUST 16, 2022 4:07 PM |
South Dakota State-Licensed Medical Marijuana Store Opens This Week
Patients enrolled in South Dakota’s medical marijuana program will have their first opportunity to buy cannabis from a state-licensed facility this week. It has been a year and a-half since state voters overwhelmingly approved medical marijuana. The co-owner of one …
POSTED AUGUST 16, 2022 3:57 PM |
Widow of Wisconsin Man who Died at Vet’s Home Sues State, Others
The widow if a man who died at a Wisconsin veterans nursing home is suing the state as well as some of the facility’s employees who she said failed to properly care for her husband. Luane Krall, in her lawsuit, …
POSTED AUGUST 16, 2022 3:53 PM |
Applied Systems Acquires Tarmika
Applied Systems said it has acquired Tarmika, a leading commercial lines rating solution that streamlines small business insurance. This complementary acquisition will expand Applied’s commercial quoting and Ivans’ distribution connectivity solutions to create a more valuable and digital distribution experience …
POSTED AUGUST 16, 2022 3:37 PM |
Q2 Commercial P/C Premiums Up 6.1%: CIAB
The second quarter 2022 marked a full five years of premium increases for across all lines of commercial insurance business, according to the latest report from the Council of Insurance Agents and Brokers (CIAB). The average premium increase across all …
POSTED AUGUST 16, 2022 3:03 PM |
People Moves: Senior Roles at Ryan Specialty Underwriting Managers; Snyder Named President U.S. Insurance at Argo; Kovach Joins Concert
Ryan Specialty Appoints New Senior Leadership within Underwriting Managers Specialty Chicago-based Ryan Specialty has made appointments to three new senior leadership roles within the Underwriting Managers specialty. Brian Lillis, Chief Operating Officer, has been with Ryan Specialty Underwriting Managers for …
POSTED AUGUST 16, 2022 2:41 PM |
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 Metro Insurance Services 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.
|