Yearly Archives: <span>2023</span>

People Moves: Tyndell Joins Lockton’s Seattle Operation

Josh Tyndell joined the Lockton company in its Seattle, Wash. office. Tyndell has 20 years of experience in the insurance industry. Before joining Lockton, he was a founding partner at BK-JET Group which was acquired by HUB International in 2018. …

Connecticut Approves 10% Rate Reductions for Workers’ Compensation for 2024

Businesses in Connecticut will receive a nearly 10% decrease in rates for workers’ compensation insurance beginning on January 1, 2024. The Connecticut Insurance Department has approved an annual workers’ compensation rate filing for 2024 with a decrease of 9.8% to …

Manhattan Real Estate Brokerages Sued for Inflating Commissions

A lawsuit filed on Monday accuses the Real Estate Board of New York (REBNY) and more than two dozen brokerages and companies of conspiring to artificially inflate commissions paid to agents who help sell residential real estate in Manhattan. The …

Low-Intensity Fires Reduce Wildfire Risk by 60%, Study Finds

There is no longer any question of how to prevent high-intensity, often catastrophic, wildfires that have become increasingly frequent across the Western U.S., according to a new study by researchers at Columbia University Mailman School of Public Health and Stanford …

Markets/Coverages: Strategic Risk Solutions Launches ART Unit in Zurich

Strategic Risk Solutions (SRS), the Concord, Mass.-based independent insurance company manager, announced the launch of its latest alternative risk transfer (ART) venture: a managing general underwriter called “Altitude.” In a strategic move aimed at expanding its client services portfolio, SRS …

Financial Services Firms Acknowledge ‘Awful’ Culture in UK Sexism Inquiry

Representatives from finance firms across the City of London said more work was needed to tackle gaping gender disparities in the industry, even after companies have made gains in the past five years. Trade groups representing hedge funds, banks and …

Holding Company for American Southern Reports Improved Net Earnings for Q3

Atlantic American Corp., the holding company for property/casualty insurer American Southern Insurance Co., Bankers Fidelity Life, and an employee benefits unit, this week reported third-quarter net income of $1.8 million, an improvement over the same period a year earlier. It …

Inszone Acquires Texas’ Max Breisse Insurance Agency

Inszone Insurance Services, a national provider of commercial, personal, and benefits insurance, has acquired Max Breisse Insurance Agency. Based in Katy, Texas, the agency was founded by Max Briesse in September of 2007. The physical office in Katy will remain …

Charter Bus Collision With Semi-Truck Leaves 3 Dead, 15 Injured in Ohio

ETNA, Ohio (AP) – A charter bus carrying students from a high school was rear- ended by a semi-truck on an Ohio highway Tuesday morning, leaving three people dead and 15 others injured, according to an emergency official. The charter …

EWG Report Finds Rapidly Rising Crop Payouts As Climate Change Hits U.S. Agriculture

Drought, heat, hail, rain and freezing temperatures – the five horsemen of crop insurance. A new report from EWG found that crop insurance payouts for the top five weather-related losses totaled over $118.7 billion between 2001 and 2022, making up …