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Today’s Insurance News
Source: Insurance Journal
  • Mosaic Insurance Launches Transactional Liability Market
    Mosaic Insurance began underwriting transactional liability coverage with a new product launched last month in the United States amid a current upsurge in mergers and acquisitions (M&A) activity. The global specialty insurer, launched in February 2021, offers a market on … Read more »
  • Insurance Broker Gallagher Sued Over Ransomware AttackInsurance Broker Gallagher Sued Over Ransomware Attack
    Insurance and benefits broker Arthur J. Gallagher is the target of a proposed class action lawsuit over a ransomware attack it suffered in 2020. The plaintiffs allege that Gallagher failed to follow federal and state government and industry standards to … Read more »
  • Work Begins on $760M Louisiana River Parishes Levee Project
    Work has formally begun in Louisiana on a $760 million, three-parish levee project that was first proposed a half-century ago. State officials said 17.5 miles of levee and a mile of T-wall will protect 60,000 residents of St. Charles, St. … Read more »
  • Michigan Counties Ask State for Funds After Tornado Damage
    Two Michigan counties are asking the state to help make funds available for residents and businesses affected by recent tornados that damaged buildings, knocked down trees and caused power outages. Macomb County Executive Mark Hackel declared a state of emergency … Read more »
  • Additional $5M in Drought Aid OK’d for North Dakota RanchersAdditional $5M in Drought Aid OK’d for North Dakota Ranchers
    North Dakota’s State Water Commission approved $5 million in additional aid to help ranchers who are battling drought conditions this summer. As part of the aid, the commission approved two additional water supply assistance programs and allocated more money to … Read more »
  • 4 Tornadoes Confirmed in Wisconsin4 Tornadoes Confirmed in Wisconsin
    The National Weather Service has confirmed at least four tornadoes caused widespread damage in Wisconsin and contributed to at least one death. Quinn Boehning, 29, was killed after crashing into a fallen tree and power line near the town of … Read more »
  • Resettlement Homes on Louisiana Island Designed to Help Weather Storms
    Residents relocating from an eroding island off Louisiana’s Terrebonne Parish will move into homes built and designed to help weather hurricanes. Officials involved with the project toured the New Isle development in Schriever to examine and highlight the stricter building … Read more »
  • Whitmer: Michigan to Provide $10M for People Impacted by June Floods
    The state of Michigan will disburse $10 million in emergency relief funding to help Detroit-area and other southeastern Michigan residents whose homes, businesses and belongings were damaged by recent flooding caused by a late June rainstorm, according to Gov. Gretchen … Read more »
  • Texas Surplus Lines Premiums Rise to $947.48M, an All-Time High
    Texas set another record in June for the amount of surplus lines premium recorded by the Surplus Lines Stamping Office of Texas (SLTX). The $947.48 million in premium reported in June brings the year-to-date total to $4.58 billion, SLTX said. … Read more »
  • Colorado Mudslides Force Over 100 to Spend Night on Highway
    More than 100 people had to spend the night on a highway, including nearly 30 who took refuge in a tunnel, after rain over an area burned by a wildfire once again triggered mudslides in western Colorado, authorities said. The … Read more »
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