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News – Insurance Journal
The Liberty Company Acquires Cormarc in California
The Liberty Company Insurance Brokers has acquired with Cormarc Insurance Services in Murrieta, Calif. Terms of the deal were not disclosed. Cormarc is an independent agency that provides a variety of services, including contractor liability, workers’ compensation, group benefits and …
POSTED SEPTEMBER 22, 2021 5:03 PM |
Fire Destroys Historic Church in South Chicago Suburb
A weekend fire destroyed a historic church in Chicago’s far southern suburbs that had appeared in the 2002 film “Road to Perdition.” Officials said nearly a dozen fire departments responded to the Sept. 19 fire in the Will County village …
POSTED SEPTEMBER 22, 2021 4:45 PM |
Ohio Contractor Again Cited for Exposing Workers to Fall Hazards; Fined $253.5K
Federal workplace safety officials say an Ohio contractor continues to defy federal safety requirements to ensure workers use fall protection. OSHA reports that Orwell, Ohio-based roofing contractor Neal Weaver and his company have been cited six times in 5 years …
POSTED SEPTEMBER 22, 2021 4:31 PM |
Otso, Assurely, Accelerant Partner to Offer Insurance for Lease Security
Texas-based companies, Otso and Assurely, have partnered to create an insurance coverage option for lease security in the commercial real estate industry. The insurance coverage allows landlords to reduce the risks of leasing while saving tenants of commercial property essential …
POSTED SEPTEMBER 22, 2021 4:26 PM |
People Moves: Beazley Promotes Turk to Head of Strategy; Everest Hires Chubb’s McBride as Head of Claims; Pen Names Hiscox’s Dixon as Head of Tech
This edition of International People Moves details promotions and appointments at three insurers: Beazley, Everest Insurance and MGA Pen Underwriting. A summary of these new hires follows here. Beazley Promotes Turk as Group Head of Strategy Beazley, the London-based insurer, …
POSTED SEPTEMBER 22, 2021 4:25 PM |
Wisconsin District Settles Suit Over Student’s Harassment for $862.5K
A Wisconsin school district has settled a lawsuit brought by a former student who said the district ignored years of complaints by her and her mother about multiple sexual assaults and a pattern of racial discrimination. The Baraboo School District …
POSTED SEPTEMBER 22, 2021 3:50 PM |
Contractor Killed at Alabama Steel Mill
A Texas man who was working for a contractor at an Alabama steel mill died after being struck by a forklift, authorities said. Don Burton died at Huntsville Hospital following the accident, which occurred Monday morning, news outlets reported. He …
POSTED SEPTEMBER 22, 2021 3:48 PM |
Oklahoma to See 9.4% Drop in Workers’ Comp Loss Costs in 2022
The Oklahoma Insurance Department approved a 9.4% decrease in workers’ compensation insurance loss costs for 2022, a reduction that will lead to lower premiums for many Oklahoma businesses, the department said. Loss costs are the average cost of lost wages …
POSTED SEPTEMBER 22, 2021 3:47 PM |
Karen Clark & Co.: Insured Loss from Nicholas Likely Near $950M
Catastrophe risk modeling firm Karen Clark & Co. estimates that the insured loss from Hurricane Nicholas will come in at around $950 million. KCC said its estimate is based on its high-resolution KCC US Hurricane Reference Model and includes the …
POSTED SEPTEMBER 22, 2021 3:46 PM |
Louisiana Lawmaker: Residents Sleeping in Tents After Ida Damaged Housing
About 13,000 homes in Louisiana’s Terrebonne and Lafourche parishes were destroyed by Hurricane Ida and displaced parish residents have been sleeping in tents and “using the rubble to build their own sort of makeshift structure,” Speaker Pro Tempore Tanner Magee …
POSTED SEPTEMBER 22, 2021 3:44 PM |
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