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News – Insurance Journal
Zurich Insurance to Stop Insuring Russia’s Nord Stream 2 Project: Sources
Zurich Insurance Group will drop out of Russia’s Nord Stream 2 project in the face of looming U.S. sanctions against European companies that support construction of the $11 billion gas pipeline, two sources familiar with the situation said. The U.S. …
POSTED JANUARY 19, 2021 9:25 AM |
21 Georgia Counties Approved for Federal Aid for Zeta Cleanup, Repair
Several north Georgia counties are getting federal aid to repair infrastructure and clean up damage from Hurricane Zeta in October. The storm, which made landfall in Louisiana, blew over trees in metro Atlanta and areas to the north, causing widespread …
POSTED JANUARY 19, 2021 7:25 AM |
Sierra Specialty in California Names Sunderland Senior Underwriter
Clovis, Calif.-based Sierra Specialty Insurance Services has added Chris Sunderland as a senior property/casualty underwriter. Sunderland previously co-founded International Property & Casualty Insurance Brokers of Nevada Inc., which was recently acquired by Platinum Specialty Underwriting, a division of XPT Group, …
POSTED JANUARY 19, 2021 6:00 AM |
Lawmakers Sought to Ban Facial Recognition Software Being Used to Find Capitol Attackers
U.S. lawmakers are moving ahead with efforts to ban facial recognition software even as the technology helps identify supporters of President Donald Trump who ransacked their workplace and forced them to evacuate this month. Researchers and law enforcement have been …
POSTED JANUARY 19, 2021 6:00 AM |
AM Best, Moody’s Rate Personal Lines Insurance Market Outlook as Stable
AM Best kept its stable market segment outlook on the U.S. personal lines insurance segment for 2021, citing the segment’s strong risk-adjusted capitalization and profitable underwriting performance in private passenger automobile, as well as underwriting actions benefiting the homeowners segment. …
POSTED JANUARY 19, 2021 6:00 AM |
Constellation Affiliated Partners Acquires INSUREtrust; Haase to Retire
Constellation Affiliated Partners (Constellation) has acquired INSUREtrust, a specialty wholesale broker and MGA headquartered in Atlanta, Ga. Financial terms of the transaction were not disclosed. INSUREtrust, founded by Steve Haase in 1997, is a specialty wholesale broker and managing general …
POSTED JANUARY 19, 2021 5:51 AM |
Bender in California Names Guillen Vice President of Alternative Risk
Bender Insurance Solutions in Sacramento, Calif., has named Roland Guillen vice president of alternative risk markets to commercial insurance clients. Guillen oversees the growth of the Captive and Alternative Risk Market business as well as large complex risks, in addition …
POSTED JANUARY 18, 2021 6:00 AM |
Newfront in California Adds Parker as Employee Benefits Producer
Newfront Insurance in San Francisco, Calif., has brought Nichole Parker on as a principal and employee benefits producer. Parker joins Newfront from TSM Insurance and Financial Services Inc., where she was heading the individual and medicare services divisions. Newfront is …
POSTED JANUARY 18, 2021 6:00 AM |
AXIS Capital Decides to Stop Insuring Arctic Oil and Gas Projects
AXIS Capital Holdings Ltd. said it won’t insure oil and gas projects in the Arctic National Wildlife Refuge, becoming the first North American underwriter to make the commitment after pressure from native Alaskans and environmentalists. The move follows similar pledges …
POSTED JANUARY 15, 2021 5:37 PM |
Wisconsin Suspends License of Pharmacist Accused of Spoiling Vaccine
A state board has suspended the license of a Wisconsin pharmacist accused of ruining more than 500 doses of COVID-19 vaccine because he thought it was unsafe. Steven Brandenburg was working at Advocate Aurora Health in Grafton, about 20 miles …
POSTED JANUARY 15, 2021 5:36 PM |
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