Insurance Journal delivers the latest business news for the Property/Casualty insurance industry
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Munich Re Specialty Launches FAIR Plan Commercial Wrap Product in California

Munich Re Specialty Insurance is launching a FAIR Plan Commercial Wrap, available to commercial insureds in California who seek comprehensive coverage in tandem with their FAIR Plan coverage. MRSI’s FAIR Plan Commercial Wrap is designed to enable insureds to more …

Sat Apr 13, 2024 00:45
People Moves: RT Specialty Promotes Murrey to President of Commercial Lines Binding Authority

RT Specialty, the wholesale distribution division of Ryan Specialty, headquartered in Chicago, promoted Jason Murrey to president of commercial lines binding authority. Murrey joined RT Specialty in 2017 through the acquisition of N-Surance Outlets where he served as president and …

Fri Apr 12, 2024 20:46
Lawyers Want Ohio Residents to Wait for Details of $600M Derailment Settlement

The lawyers who negotiated a $600 million settlement with Norfolk Southern over that railroad’s disastrous 2023 derailment in Ohio want residents to talk with them before deciding the historic deal isn’t enough. They said Wednesday that the settlement for everyone …

Fri Apr 12, 2024 20:46
R&Q to Sell Stake in Obra Joint Venture for $30M, Expects “Significant Pre-Tax Loss”

R&Q Insurance Holdings, (R&Q) the Bermuda-based non-life speciality insurer that focuses on program management and legacy insurance business, announced it has agreed to sell its stake in a joint venture with Obra Capital for $30 million. At the same time, …

Fri Apr 12, 2024 19:47
Storms Bring Floods and Damaging Wind Across the South

SLIDELL, La. (AP) — Severe storms blamed for a death in Mississippi spawned a tornado that demolished buildings in one Louisiana city Wednesday while inundating streets in low-lying New Orleans with hours of steady rain that snarled traffic and strained …

Fri Apr 12, 2024 19:47
DeSantis Signs Bill Barring Local Worker Heat Protection Measures

Florida Gov. Ron DeSantis this week signed into law a prohibition on local governments requiring worker protections from heat exposure, a law that could potentially lead to more workers’ compensation claims from stricken laborers. At the same time, the state …

Fri Apr 12, 2024 19:47

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