Insurance Journal delivers the latest business news for the Property/Casualty insurance industry
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California Commissioner Announces FAIR Plan Modernization Deal

California Insurance Commissioner Ricardo Lara said on Friday that he and the California Fair Plan have agreed to establishing a new high value commercial coverage option with limits up to $20 million per building and other steps that he said …

Fri Jul 26, 2024 22:28
Business Moves: NFP, Clear Group, and Strategic Risk Group Complete 4 Acquisitions

Three brokers – NFP, Clear Group, and Strategic Risk Group – each announced acquisitions during July. In reverse chronological order, the acquisitions are listed as follows: NFP, the New York-based insurance broker and Aon subsidiary, announced on July 24 that …

Fri Jul 26, 2024 20:29
Paris Trains Hit By Sabotage Hours Before Olympics Kick Off

Trains to and from Paris, including the international Eurostar service, were hit by what authorities called a “massive attack aimed at paralyzing the network” of France’s super-fast trains just hours ahead of the inauguration ceremony of the 2024 Olympic Games. …

Fri Jul 26, 2024 18:27
J&J Loses Latest Legal Bid to Revive Talc Bankruptcy Strategy

Johnson & Johnson lost its bid in a federal appeals court to revive a plan to settle tens of thousands of talc cancer lawsuits by placing a subsidiary into bankruptcy. The ruling Thursday upheld a bankruptcy judge’s dismissal last year …

Fri Jul 26, 2024 18:27
ALKEME Acquires Georgia’s Morris & Templeton Agency

ALKEME, a national insurance broker, has acquired Morris & Templeton in Savannah, Georgia, expanding ALKEME’s footprint in the Southeast. Morris & Templeton was founded in 1981, offering commercial and personal insurance coverage, including high-end homeowners products. It has offices in …

Fri Jul 26, 2024 18:27
Woman Dies in West Virginia’s Second Coal Mine Fatality This Year

CHARLESTON, W.Va. (AP) — A West Virginia woman died Wednesday more than a week after an accident at a southern West Virginia coal mine, Gov. Jim Justice said. Ashley Cogar, 33, of Erbacon, was injured at the Wyco Surface Mine, …

Fri Jul 26, 2024 18:27

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