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News Archives - Insurance Journal

People Moves: Benet Named AXA XL Global CUO; Resilience Hires Ho for Lead Underwriting Role
AXA XL has named Libby Benet to the role of global chief underwriting officer (GCUO), succeeding Nancy Bewlay, who recently assumed leadership of AXA XL’s global reinsurance operation. According to AXA XL CEO Scott Gunter, “Given the GCUO’s responsibility for …

POSTED MAY 25, 2022 5:20 PM
Texas AG Announces $19.2M Multistate Settlement with Ford Motor Company
Texas Attorney General Ken Paxton announced a $19.2 million multistate settlement with Ford Motor Company, with Texas receiving a $1.7 million share of that amount. The settlement between 40 attorneys general and Ford concludes an investigation into the company’s alleged …

POSTED MAY 25, 2022 4:48 PM
Missouri’s Provaznik joins VIAA
Provaznik Insurance Agency recently joined Valley Insurance Agency Alliance (VIAA), a family of nearly 150 independent insurance agencies in Missouri and Illinois. St. Louis, Missouri-based Provaznik Insurance Agency was founded in 2014 by Scott Provaznik, who has 11 years of …

POSTED MAY 25, 2022 4:40 PM
Weather Service Confirms 3 Tornadoes Hit Indiana Over Weekend
Three tornadoes, one of which toppled a church steeple at the Indiana National Guard’s Camp Atterbury, hit parts of central and south-central Indiana on Saturday as a wave of severe thunderstorms swept across the state, the National Weather Service said. …

POSTED MAY 25, 2022 4:33 PM
Verisk Promotes Shavel to CEO, Anquillare to President
Verisk said it appointed Lee M. Shavel to CEO and Mark V. Anquillare to president following the company’s annual shareholder meeting. Shavel was also elected to the Verisk Board of Directors. Three new independent directors, nominated by the company, were …

POSTED MAY 25, 2022 3:47 PM
FEMA Opens Proposed Hurricane Ida Housing Site Comment Period
A three-day comment period opened Tuesday for a proposed group housing site for Hurricane Ida survivors in one southeast Louisiana parish, the Federal Emergency Management Agency said. Up to 75 families could be housed at the site in the St. …

POSTED MAY 25, 2022 3:42 PM
Explosion at Indiana Slag Pit; No Injuries Reported
An explosion occurred in a slag pit in northwestern Indiana May 22. The blast at Lafarge North America in East Chicago Sunday afternoon was at a contractor’s facility at a mill that turns slag into cement, the (Northwest Indiana) Times …

POSTED MAY 25, 2022 3:36 PM
State Farm Drops Support of LBGTQ Awareness Group After ‘Creepy Neighbor’ Campaign
After an uproar from conservative groups, State Farm Insurance has dropped its support of a group that said it was battling misinformed opinions on transgender youth. “We support organizations that provide resources for parents to have conversations about gender and …

POSTED MAY 25, 2022 3:32 PM
SEC to Unveil Rule to Crackdown on Funds ESG ‘Greenwashing’
The U.S. Securities and Exchange Commission (SEC) on Wednesday will propose rule changes aimed at stamping out unfounded claims by funds on their environmental, social and corporate governance (ESG) credentials, and enforcing more standardization of such disclosures. The proposal will …

POSTED MAY 25, 2022 3:26 PM
Hilb Group Adds to Commercial Lines, Surety Business in Tri-State Region
The Hilb Group said it has acquired a book of commercial property/casualty insurance and surety bond business in its tri-state region of operations. The company said that the seller, Scott Kuzmic, a commercial property/casualty and surety producer, will join Hilb. …

POSTED MAY 25, 2022 3:18 PM

US Top News and Analysis

Fed minutes point to more rate hikes that go further than the market anticipates
The rate-setting Federal Open Market Committee on Wednesday released the minutes from its May 3-4 meeting.

POSTED MAY 25, 2022 7:07 PM
S&P 500 rises after Fed minutes show the central bank could hike rates further than expected
The S&P 500 rose Wednesday after the minutes from the Fed's latest policy meeting showed the central bank could raise rates further than anticipated.

POSTED MAY 25, 2022 7:56 PM
Elon Musk backs 'tight' background checks for all gun sales in wake of mass shooting in Texas
Tesla and SpaceX CEO Elon Musk told CNBC that he believes in tighter background checks for gun owners after mass shooting in Texas.

POSTED MAY 25, 2022 7:43 PM
Amazon CEO Andy Jassy says he's confident company can get high costs in check
Jassy spoke at Amazon's annual shareholder meeting on Wednesday, his first since becoming CEO in July.

POSTED MAY 25, 2022 6:39 PM
CBO boosts U.S. GDP growth estimates, says inflation has topped and will cool to 2% by 2024
A report released by the Congressional Budget Office on Wednesday estimates that real gross domestic product, or GDP, will advance 3.1% in 2022.

POSTED MAY 25, 2022 6:45 PM
Cisco Systems CEO sees no demand signals of an economic recession
"We're not seeing" signs of a recession, Cisco CEO Chuck Robbins told CNBC.

POSTED MAY 25, 2022 5:17 PM
Apple discourages retail employees from joining unions in internal video
The missive to employees is the clearest sign so far that the company is against employees entering into collective bargaining agreements.

POSTED MAY 25, 2022 6:53 PM
Schumer says Democrats want to craft gun reforms with GOP after Texas school massacre
Senate Majority Leader Chuck Schumer pledged Wednesday to renew efforts to pass stricter U.S. gun-control laws.

POSTED MAY 25, 2022 7:45 PM
Trump will speak at NRA event in Houston days after Texas school massacre
Trump, Gov. Greg Abbott, Sen. Ted Cruz, Gov. Kristi Noem and other GOP politicians are also set to attend the NRA's "Leadership Forum" in Houston.

POSTED MAY 25, 2022 6:21 PM
Natural gas surges above $9, hits the highest since 2008 as inventories stay low
Natural gas prices are at the highest level in nearly 14 years, just as the summer air conditioning season begins.

POSTED MAY 25, 2022 6:58 PM

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Finance

Fed minutes point to more rate hikes that go further than the market anticipates
The rate-setting Federal Open Market Committee on Wednesday released the minutes from its May 3-4 meeting.

POSTED MAY 25, 2022 7:07 PM
Here’s the best way to use a health savings account, which offers a triple-tax advantage
Health savings accounts can be a powerful way to build wealth and save for medical costs in old age, according to financial advisors.

POSTED MAY 25, 2022 5:47 PM
Stocks making the biggest moves midday: Dick's Sporting Goods, Nordstrom, Wendy's and more
These are the stocks posting the largest moves in midday trading.

POSTED MAY 25, 2022 5:21 PM
Terra backers vote to revive luna — but not UST — after $60 billion crypto collapse
Backers of Terra have voted to revive the failed cryptocurrency venture without its controversial UST stablecoin.

POSTED MAY 25, 2022 3:15 PM
Stocks making the biggest moves premarket: Dick's Sporting, Express, Wendy's and more
These are the stocks posting the largest moves before the bell.

POSTED MAY 25, 2022 1:22 PM
Andreessen Horowitz raises $4.5 billion crypto fund to take advantage of bargains in down market
Andreessen Horowitz plans to plow billions of dollars into crypto start-ups while digital asset markets are in a downturn.

POSTED MAY 25, 2022 12:54 PM
No recession ahead: Evercore ISI predicts S&P 500 will jump 22% from current levels
While stock prices sharply fluctuate and retail investors head for the exits, Evercore ISI's Julian Emanuel wants to put money to work.

POSTED MAY 24, 2022 10:51 PM
S&P 500 rises after Fed minutes show the central bank could hike rates further than expected
The S&P 500 rose Wednesday after the minutes from the Fed's latest policy meeting showed the central bank could raise rates further than anticipated.

POSTED MAY 25, 2022 7:56 PM
Stocks making the biggest moves after hours: Nordstrom, Urban Outfitters and Intuit
These are the stocks posting the largest moves in extended trading.

POSTED MAY 24, 2022 9:22 PM
Bank of America CEO Brian Moynihan says nothing will slow U.S consumer from spending money
The Federal Reserve is in the middle of an inflation-fighting campaign that has pummeled markets, especially for formerly high-flying growth stocks.

POSTED MAY 24, 2022 6:03 PM

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 Keener Insurance Solutions LLC 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.

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