News Center
News Archives - Insurance Journal
Families of Workers Killed in Idaho Airport Hangar Collapse Sue Construction Company The families of two construction workers killed when an airport hangar in Idaho collapsed are suing several companies that were involved in the building process, alleging the businesses recklessly cut corners and used inappropriate materials for the build. The private …
POSTED JULY 16, 2024 1:58 PM |
Progressive Q2 Net Income Skyrockets Over 320% Progressive Corp. today reported second quarter 2024 results of about $1.5 billion and a combined ratio of 91.9. Results for the Mayfield Village, Ohio-based insurer are in comparison to second quarter 2023 net income of $345.4 million and a combined …
POSTED JULY 16, 2024 1:00 PM |
PwC Weighs Halving of China Financial Services Audit Staff, Sources Say PricewaterhouseCoopers (PwC) is considering slashing up to half its financial services auditing staff in China, two people with knowledge of the matter said, as a regulatory investigation and an exodus of clients darken business prospects. The move follows Chinese regulators’ …
POSTED JULY 16, 2024 12:00 PM |
People Moves: Florida Peninsula Holdings Makes Cantor Vice Chair of Board Florida Peninsula Holdings and Windward Holdings, which together own and manage Florida Peninsula Insurance Co., Edison Insurance and Ovation Home Insurance Exchange, has named is co-founder vice chairman of the board. Gary Cantor, who, along with Paul Adkins, CEO of …
POSTED JULY 16, 2024 11:56 AM |
Toronto’s Traffic Crisis Is Keeping Workers Out of the Office, Poll Says Traffic is so bad in Canada’s financial capital that a majority of Toronto residents are prepared to endure around-the-clock construction to improve the situation sooner, according to new polling data. A survey commissioned by the Toronto Region Board of Trade …
POSTED JULY 16, 2024 7:48 AM |
People Moves: AIG Names Twiningdavis EVP, Chief Administrative Officer; Lopez joins CFC USA as Senior Executive Underwriter AIG Names Twiningdavis Executive Vice President, Chief Administrative Officer American International Group, Inc. (AIG), named Melissa Twiningdavis executive vice president and chief administrative officer, effective September 1. She will join AIG’s executive leadership team and be based in New York. …
POSTED JULY 16, 2024 6:05 AM |
P/C Premium Growth Likely But Profits Delayed Until 2025: Forecast Favorable first-quarter economic and underwriting results for property/casualty insurance are in line with projections that the industry will see a small underwriting loss in 2024 and achieve profitability in 2025, according to a report from the Insurance Information Institute (Triple-I) …
POSTED JULY 16, 2024 5:32 AM |
AIG Files Amended Suit Against Former Execs, Dellwood Insurance American International Group and a group of its companies have filed a new, amended complaint against Dellwood Insurance Group, started earlier this year by a group of former AIG executives. The lawsuit filed July 10 in U.S. District Court for …
POSTED JULY 16, 2024 5:21 AM |
Dollar General to Pay $12M Penalty, Improve Safety Discount store operator Dollar General has agreed to pay $12 million in penalty for alleged safety violations that led to blocked exits and fire extinguishers and unsafe storage, the U.S. Labor Department said in a statement. The company is also …
POSTED JULY 16, 2024 5:19 AM |
Georgia Governor Reappoints Bahl to Workers’ Comp Board Georgia Gov. Brian Kemp has reaapointed Neera Bahl to another term on the state Board of Workers’ Compensation. The three-member board, which includes Director Benjamin Vinson and Chairman Frank McKay, acts as the appeals panel, hearing appeals from administrative law …
POSTED JULY 16, 2024 5:02 AM |
NOTICE: The links and articles found on or within this news center are simply for informational purposes that we believe may be of benefit to our clients and/or website visitors. By providing these links on our website, we are not recommending or endorsing the use of the particular products or services these third parties offer. Nor does FTS Life Insurance Agency, Inc. confirm, corroborate or agree to the statistics or opinions on these links and articles. We urge you to review each website’s Privacy Policy, Disclaimers, and develop an independent opinion of the service or product for any link pursued.
|