Monthly Archives: <span>December 2024</span>

Top National Insurance Journal Stories of 2024

The three largest insurance brokers each announced or closed multi-billion-dollar acquisitions in 2024. The topic was one of many in which readers of Insurance Journal kept a close eye this year. Also the last 12 months saw difficulties in the …

Generative AI: A Double Agent Serving Good and Evil in the World of Claims

Claims professionals need to adapt to the AI evolution at a fast pace as the same technologies used to fight claims fraud are also being used to perpetuate it, according to experts. “It’s truly become an arms race,” said Shane …

AT&T, Verizon Say Networks Now Clear After Salt Typhoon Hack

AT&T Inc. and Verizon Communications Inc. acknowledged that they’d been hit by the China-linked Salt Typhoon hacking operation but that their networks were now clear from the intrusion. The hackers attempted to gain information about foreign intelligence, Dallas-based AT&T said …

Security First, Amelia Underwriters Offering New Products in Warming Florida Market

Two Florida-based insurance companies are expanding their product lines, another sign that insurers are making more – if limited – moves into a warming market in the state. Amelia Underwriters, a wholesale and surplus lines broker based in Fernandina Beach, …

Customs Agents Seize 22,000 Fake Vehicle Inspection Stickers Shipped From Israel

The U.S. Customs and Border Protection agency said it has seized more than 20,000 counterfeit Pennsylvania vehicle inspection stickers that were shipped from Israel to an address in Philadelphia. Customs officers found the stickers in two different shipments that arrived …

Top East Region Insurance Journal Stories of 2024

What do a demolished bridge, insolvent taxi insurer, jailed gang member, upset Mets fan, malfunctioning elevator, drunk injured employee, and a convicted politician have in common? They are all central players in the some of the top Insurance Journal East …

Fire Engulfs Section of Popular Manhattan Outdoor Market

An outdoor holiday market in New York City’s Bryant Park briefly caught fire last Friday morning, sending flames and plumes of smoke above the popular midtown Manhattan tourist draw as firefighters rushed to put out the blaze. No one was …

Union Bay Acquires Pennsylvania’s Loyalhanna Insurance Group

Loyalhanna Insurance Group of Latrobe, Pennsylvania has been acquired by Union Bay Acquisition LLC, an aggregator of insurance agencies based in Lansdale, Pennsylvania. Terms were not disclosed. This acquisition is Union Bay’s sixteenth, and seventh in the state of Pennsylvania. …

Pacific Northwest Poll: Belief That Young Adults Can’t Afford Homes on The Rise

Young adults across the Pacific Northwest have found homeownership to be increasingly out of reach as home prices across the nation rise, a poll by PEMCO Mutual Insurance shows. The poll shows that 81% of respondents agree that Gen Z …

People Moves: EPIC Names Rosson Northern California Growth Leader; Lara Makes Reappointments to CIGA Board

EPIC Insurance Brokers & Consultants Appoints Rosson as Northern California Growth Leader EPIC Insurance Brokers & Consultants hired Charlie Rosson as Northern California growth leader. Rosson spent nearly nine years as Woodruff Sawyer’s CEO and most recently served as the …