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News Archives - Insurance Journal
World Insurance Acquires Upstate New York Agencies
Insurance broker World Insurance Associates LLC has acquired the business of Christopher Williams Agency and Barrett Millard LLC of Pittsford, New York. The Christopher Williams Agency began in 1961, and it purchased Barrett Millard in 2023. The agencies sell personal …
POSTED MAY 06, 2025 6:00 PM |
New Louisiana Law Mandates Discount Disclosures for Insurance Companies
Louisiana Insurance Commissioner Tim Temple sent out an announcement this week to all property and casualty insurance companies notifying of a statue that requires insurers to disclose all available discounts that could lead to reduced premiums for current or prospective …
POSTED MAY 06, 2025 4:38 PM |
Benefit Advisors Network Adds Texas’ Carroll Insurance as New Member
Benefit Advisors Network (BAN), an international network of progressive and visionary employee benefit brokers and consulting firms from across the United States and Canada, announced Houston, Texas-based Carroll Insurance has been accepted for membership into the organization. Serving a diverse …
POSTED MAY 06, 2025 4:19 PM |
Rivian Deepens Illinois Ties With $120 Million EV Supplier Park
Rivian Automotive Inc. is investing $120 million in a new supplier park in Illinois, another win for Governor JB Pritzker after the company announced a $1.5 billion plan to expand its plant in the state. The 1.2 million-square-foot park in …
POSTED MAY 06, 2025 4:11 PM |
People Moves: Encova Insurance Names Lingala EVP and CIO
Encova Insurance, headquartered in Columbus, Ohio, hired Ramu Lingala as the successor to Tony Laska, executive vice president and chief information officer. Laska announced his plans for retirement at the end of 2025 last year. Lingala joined Encova in February. …
POSTED MAY 06, 2025 4:01 PM |
Renewal Rates Continue Upward YOY for Most Commercial Lines: Ivans Index
Premium renewal rates increased year-over-year for all major commercial lines, except workers’ compensation, according to first quarter 2025 results of the Ivans Index. Compared to fourth quarter 2024, all lines experienced a decrease in average premium renewal rates except umbrella. …
POSTED MAY 06, 2025 3:50 PM |
People Moves: Aon Promotes Lyons to Bermuda CEO of Reinsurance; BHSI Appoints Munden to Lead New UK Programs Business
Aon Promotes Lyons to Bermuda CEO of Reinsurance Insurance broker Aon plc announced that Amanda Lyons had been appointed CEO of Aon Reinsurance Solutions Ltd. in Bermuda, effective July 1. The appointment is subject to regulatory and immigration approvals. Based …
POSTED MAY 06, 2025 3:32 PM |
NYC Lost $9 Billion of Income to Miami, Palm Beach in Five Years
A net 30,000 New Yorkers fled the city for Florida’s Palm Beach and Miami-Dade counties in the five years through 2022, taking with them a combined $9.2 billion in income, a new report shows. The two Florida counties gained households …
POSTED MAY 06, 2025 3:00 PM |
Hurricane Forecasts Are Better Than Ever But NOAA Cuts Could Change That
(THE CONVERSATION) The National Hurricane Center‘s forecasts in 2024 were its most accurate on record, from its one-day forecasts, as tropical cyclones neared the coast, to its forecasts five days into the future, when storms were only beginning to come …
POSTED MAY 06, 2025 2:56 PM |
Burger King Must Face Lawsuit Over Whopper Ads
Burger King must face a lawsuit claiming it misleads customers with advertisements that make its Whopper sandwich and other products appear larger than they are. In a decision on Monday, U.S. District Judge Roy Altman in Miami found it plausible …
POSTED MAY 06, 2025 2:33 PM |
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