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

Viewpoint: The Impact of Climate-Driven Risk Reassessments on the Housing Market

One of the most pressing challenges facing insurance professionals today is the escalating impact of extreme weather events in traditionally disaster-prone areas. Last year alone, the U.S. witnessed a staggering $92.9 billion in weather-related damages, making it a record-breaking year …

People Moves: Liberty Names Orozco Employee Benefits Producer in Calfornia

The Liberty Company Insurance Brokers named Christopher Orozco an employee benefits producer. Orozco will be based in California. Orozco got his start in the mail room at Warner Pacific in 2013, then transitioned from the supply department to rating analyst. …

Dean’s Sausage Faces $116K OSHA Penalty Over Alleged Workplace Hazards

The federal Occupational Safety and Health Administration (OSHA) says that a second inspection of Dean Sausage Co. Inc. in Ayyalia, Alabama found similar workplace safety hazards as identified in a 2022 inspection, prompting the agency to propose $116,153 in penalties. …

Subpoenas on Agencies and Officials Delay Release of Key Report into Deadly Hawaii Wildfire

Hawaii’s attorney general blamed a delay of the release of a key report into a deadly Maui wildfire on county agencies that forced investigators to issue subpoenas. The first phase of an independent investigation into the Aug. 8 fire that …

Houston to Sell $1.1 Billion Bonds for Firefighter Settlement

Houston plans to sell more than $1 billion in bonds to settle a firefighters’ pay dispute and the city’s chief financial officer is warning it will swell the annual budget shortfall by as much as 75%. The fourth-largest US city …

US Great Plains, Midwest Brace for More Snow: Weather Watch

A large storm is keeping the upper Great Plains and Midwest of the US stuck in winter. The region is expected to see an additional 2 to 4 inches (5 to 10 centimeters) of snowfall on Tuesday, according to a …

Midwest Builders’ Casualty Renames to Waypoint Mutual

Midwest Builders’ Casualty Mutual Company, a large, regional, specialized workers’ compensation insurance carrier, announced that they are changing their name to Waypoint Mutual effective April 1. Kansas City, Missouri-based Waypoint Mutual has served as a specialized niche workers’ compensation carrier …

Med Mal Trial Must Resume in Mysterious Case of Broken Hips at Florida Hospital

Call it the mystery of the broken hips. In 2017, 36-year-old Michael Barber attempted to take his own life by swallowing four types of medications. He then had a change of heart and called 9-1-1. He was conscious when emergency …

People Moves: JM Wilson Promotes Chalus to Transportation Underwriter

JM Wilson, headquartered in Portage, Michigan, named Eric Chalus as transportation underwriter. Chalus’s responsibilities include underwriting a new and renewal commercial transportation accounts, as well as maintaining relationships with carriers and independent insurance agents in Indiana and Kentucky. Chalus joined …

People Moves: Everest Promotes Williamson to Lead Global Re/Insurance Businesses

Everest Promotes Williamson to Lead Global Re/Insurance Businesses Everest Group Ltd., the Bermuda-based property, casualty, and specialty re/insurer, announced that Jim Williamson has been promoted to lead Everest’s reinsurance and insurance businesses. Williamson currently serves as Everest’s EVP, group chief …