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News – Insurance Journal
Travelers Grew Q4 Profit Despite California Wildfire, Hurricane Michael Losses
Travelers Cos. reported that despite catastrophe losses from the California wildfires and Hurricane Michael, it boosted its profit in the fourth quarter of 2018 thanks to growth in premiums and investment income. Net income rose to $621 million from $551 …
POSTED JANUARY 22, 2019 5:55 PM |
Investigators Probe Gas Leaks at South Carolina Apartment Complex
New gas leaks have been found at a South Carolina apartment complex where two people were found dead in separate apartments. Columbia firefighters said they started the inspections Thursday night after residents reported smelling gas and crews finding additional gas …
POSTED JANUARY 22, 2019 5:37 PM |
Marsh & McLennan Agency to Acquire Bouchard Insurance of Florida
Marsh & McLennan Agency LLC (MMA), the middle market agency subsidiary of Marsh, has reached agreement to acquire Clearwater, Fla.-based Bouchard Insurance, a full-service agency in Florida. Terms of the transaction, which is expected to close later this month, were …
POSTED JANUARY 22, 2019 5:35 PM |
BLS Survey Shows Louisiana Workplaces Among the Safest in 2017
According to a recent Bureau of Labor Statistics (BLS) survey, Louisiana remained one of the safest states in which to work, the Louisiana Workforce Commission reported. The state’s rate of non-fatal accidents and injuries has continually decreased over the past …
POSTED JANUARY 22, 2019 5:25 PM |
K2 Insurance Acquires Assets, Operations of Nebraska’s Mid-America Risk Managers
K2 Insurance Services LLC (K2) has completed its acquisition of the assets and operations of Mid-America Risk Managers Inc. (MARM). MARM, based in Omaha, Nebraska, is a farm and agricultural focused specialty general agency that distributes specialty insurance products through …
POSTED JANUARY 22, 2019 5:13 PM |
3.6 Magnitude Quake Strikes Northwestern Oklahoma
The U.S. Geological Survey reports a moderate earthquake in northwestern Oklahoma. The U.S.G.S. recorded a magnitude 3.6 quake at 11:27 p.m. Sunday in Major County near the town of Meno, about 75 miles northwest of Oklahoma City. No injuries or …
POSTED JANUARY 22, 2019 5:05 PM |
Alliant in California Forms Partnership with PSP Investments
Newport Beach, Calif.-based Alliant Insurance Services Inc. announced that a Canadian pension investment manager is making an investment in the firm. The investment by the Public Sector Pension Investment Board is joined by an additional investment from funds managed by …
POSTED JANUARY 22, 2019 4:04 PM |
Driverless Shuttle Making Debut in Utah State Capitol
A driverless public shuttle is expected to make its Utah debut this year as state officials test the possibilities of autonomous vehicles. The Salt Lake Tribune reported the shuttle that holds about a dozen people is expected to begin operating …
POSTED JANUARY 22, 2019 3:57 PM |
Utah Roadway Deaths Drop for Second Year in a Row
The number of people who died on Utah roads decreased for the second consecutive year, new state statistics show. The 264 deaths on Utah roads in 2018 were the lowest since 2014 and down from 273 the year before, the …
POSTED JANUARY 22, 2019 3:55 PM |
Edison Trying to Shift Blame for California Mudslides
Edison International said much of the damage from the mudslides that swept through the coastal town of Montecito last year was the result of poorly designed and maintained debris basins for which local governments are responsible. The parent company and …
POSTED JANUARY 22, 2019 3:44 PM |
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