What does it cost to miss a deadline? For the company that makes the prescription painkiller Oxycontin, the answer could be more than $1 billion. Kentucky is suing Purdue Pharma on claims that the company misrepresented its prescription painkiller, resulting …
The article Kentucky Lawsuit Against Oxycontin Makers Stalled by Deadline Dispute appeared first on Insurance Journal.
Jackson, Miss., Mayor Tony Yarber has signed an emergency declaration for Jackson’s infrastructure system. The Clarion-Ledger reports the state of emergency declared last week allows leeway in the bidding process with purchasing, engineering and other work and may lead to …
The article Mayor of Mississippi City Declares Infrastructure Emergency appeared first on Insurance Journal.
Wisconsin lawmakers have introduced a bill that would impose statewide regulations on online ride-sharing companies such as Uber and Lyft. The measure would require companies to apply for a $5,000 state license and carry $1 million in commercial insurance for …
The article Wisconsin Rideshare Bill Would Require $1M Commercial Coverage appeared first on Insurance Journal.
The National Association of Insurance Commissioners announced on Tuesday it adopted a white paper on insurance coverage for ridesharing that offers several suggestions for how state regulators should deal with insurance issues. Ridesharing services offered by transportation network companies like …
The article NAIC Adopts Ridesharing White Paper appeared first on Insurance Journal.
Maryland misallocated $28.4 million in federal money for its flawed health care exchange and should pay the money back, according to a federal audit released on March 27. The audit marked the first time the inspector general of the Department …
The article Audit: Maryland Misallocated $28.4M for Health Exchange appeared first on Insurance Journal.
Observers say a long legal battle over accusations that a prominent Silicon Valley venture capital firm demeaned women and held them to a different standard than their male colleagues will embolden women in the industry and lead firms to examine …
The article Experts: California Sex Bias Case Will Embolden Women Despite Verdict appeared first on Insurance Journal.
NFP has acquired Weber’s Insurance Service Inc. and Weber’s Assurance Group LLC in Arizona. The transaction was effective Feb. 18, but terms of the deal were not released. Weber’s Insurance and Weber’s Assurance, known collectively as WIS, is based in …
The article NFP Acquires Arizona-Based WIS appeared first on Insurance Journal.
Speed cameras have produced a surge in tickets and generated nearly $17 million in revenue for New York City. The Daily News reports that last year more than 445,000 speed-camera tickets were issued. That’s compared to nearly 118,000 issued manually …
The article Speed Camera Tickets Bring Nearly $17M in Revenue for NYC appeared first on Insurance Journal.
Several dozens of people, including former Attorney General Dustin McDaniel, gathered in Little Rock to show their distaste for a proposed law that critics say would sanction discrimination against gays and lesbians. They oppose the bill prohibiting state and local …
The article Ex-AG Says Arkansas Religious Protection Bill Would Allow Discrimination appeared first on Insurance Journal.
Louis E. Jones had a reputation in the insurance industry as a common sense underwriter, and there were few contractors and home builders that he did not touch over the years, his friends say. Jones was born Nov. 9, 1931. …
The article Jones Made a Name in Surety as a Common Sense Underwriter appeared first on Insurance Journal.
Authorities in eastern Missouri are trying to determine just how many trucks were stolen in a theft ring that struck several Missouri towns along Interstate 44. The Washington Missourian reports that police now believe at least 20 trucks were taken, …
The article Missouri Police: At Least 20 Trucks Stolen as Part of Theft Ring appeared first on Insurance Journal.
Officials with police-run auto-theft task forces say they are shutting down across Illinois due to state spending freezes. Separately, the (Peoria) Journal Star also reports that a bipartisan deal reached in the state Legislature last week will siphon $6 million …
The article Auto-Theft Task Forces Closing Amid Illinois Budget Crisis appeared first on Insurance Journal.
Police in Michigan are using an easy way to check whether a motor vehicle is properly insured. Starting last year, police got access to information on whether a vehicle is insured by running a license plate number through an in-car …
The article Electronics Enable Michigan Police to Check Vehicle Insurance Quickly appeared first on Insurance Journal.
A new law set to take effect this week aims to increase protections for domestic workers in Massachusetts. The law requires people who hire nannies, caregivers and other domestic workers in Massachusetts to adhere to established labor standards and other …
The article New Law to Protect Domestic Workers to Take Effect in Massachusetts appeared first on Insurance Journal.
Bermuda-based Endurance Specialty Holdings Ltd. and Montpelier Re Holdings Ltd. announced a merger today, in which Endurance will acquire Montpelier in a stock-cash deal for roughly $1.8 billion. Specifically, the deal consideration consists of 0.472 shares of Endurance and $9.89 …
The article Endurance to Acquire Montpelier for $1.8 Billion appeared first on Insurance Journal.
Boston-headquartered Liberty Mutual said it is moving to a centralized service model for its personal insurance customers beginning in January 2016. This move involves transitioning local service activities into customer service call centers, and expanding those centralized operations, currently at …
The article Liberty Mutual Centralizing Personal Lines Service at 6 Call Centers appeared first on Insurance Journal.
It was almost midnight when Walter Price eased his 18-wheeler into the right lane on Interstate 75 near Atlanta. As he began to bank onto the exit ramp he’d been taking for the past 10 years, Price had no idea …
The article Exit Ramp Rollovers Kill Hundreds of Truckers a Year appeared first on Insurance Journal.
A.M. Best said the total insurance loss of Germanwings Flight 4U9525, which crashed in the French Alps on March 24, 2015 killing 150 people, may put further pressure on the beleaguered aviation war sector. The total insurance loss for the …
The article A.M. Best: Germanwings Crash May Put More Pressure on Aviation War Sector appeared first on Insurance Journal.
Canada’s Fairfax Financial Holdings has sold half of its 5.8 percent stake in Bank of Ireland for more than triple what it paid for it in 2011, a source with knowledge of the deal said, pushing the share price down …
The article Bank of Ireland Shares Fall 6%, as Fairfax Financial Sells Stake appeared first on Insurance Journal.
Germany’s Allianz has estimated insurers will pay $300 million in claims and costs stemming from the crash of a Germanwings plane in the French Alps last week, insurance industry sources said on Monday. The figure gives a preliminary orientation to …
The article Allianz Estimates $300 Million in Claims for Germanwings Crash, Sources Say appeared first on Insurance Journal.
American International Group Inc. Chief Executive Officer Peter Hancock, who took over the top job in September, said he plans to sell more businesses that don’t align with the insurer’s biggest moneymakers. “Floating or selling businesses that lack current or …
The article AIG CEO Hancock Aims to Sell Off More Assets appeared first on Insurance Journal.
Florida’s foreclosure activity has declined by more than a third from a year ago, but it still ranks as one of the highest in the nation. The research firm Realty Trac reported that Florida has one out of 570 homes …
The article Florida Foreclosure Rate Declines 35 Percent, Still Among Highest in Nation appeared first on Insurance Journal.
The city of Atlanta and Mayor Kasim Reed are asking a federal judge to dismiss a lawsuit filed by the city’s former fire chief who was fired after self-publishing a book that described homosexuality as a perversion. Kelvin Cochran’s lawsuit …
The article Atlanta Mayor Requests Dismissal of Former Fire Chief’s Lawsuit appeared first on Insurance Journal.
Federal prosecutors in Atlanta say Lockheed Martin Corp. has agreed to pay $2 million to settle allegations it overbilled the government for fuel it used while manufacturing planes for the U.S. Air Force. Prosecutors say Lockheed manufactured C-130 aircraft for …
The article Lockheed to Settle Georgia Aircraft Plant Billing Dispute with Government for $2M appeared first on Insurance Journal.
Calling it “an historic moment” medical marijuana advocates praised the filing of what has been deemed comprehensive medical marijuana legislation in the Texas House. Introducing the legislation at a press conference on March 17, Rep. Marisa Marquez said “it’s time …
The article Medical Marijuana Discussion Comes to the Texas Legislature appeared first on Insurance Journal.
American International Group Inc. Chairman Robert “Steve” Miller intends to step down in July after five years in the role, the Wall Street Journal reported. The insurer’s directors have not yet decided on a replacement, but the next outside chairman …
The article AIG Chairman Miller to Exit in July: WSJ appeared first on Insurance Journal.
W. R. Berkley Corp. said it has combined its U.S. broker market reinsurance units, Berkley Re America and Facultative ReSources, into a single operating unit that will trade under the Berkley Re America (BRAM) name. Berkley Re America is a …
The article W.R. Berkley Combines U.S. Broker Reinsurance Units appeared first on Insurance Journal.
Kleiner Perkins Caufield & Byers’ decisive victory over Ellen Pao’s gender bias suit doesn’t mean Silicon Valley giants are off the hook. More lawsuits alleging gender discrimination, sexual harassment and retaliation are already in the pipeline. Cases against Twitter Inc. …
The article After Pao’s Loss, Silicon Valley Facing More Bias Suits appeared first on Insurance Journal.
Less than a year after signing legislation with new safeguards in response to a 2014 chemical spill that prompted a tap-water ban for 300,000 people, West Virginia Governor Earl Ray Tomblin signed a bill Friday to trim away some of …
The article West Virginia Governor Signs Scaled Back Version of 2014 Water Safety Law appeared first on Insurance Journal.
American International Group Inc. is seeking as much as $507 million through the sale of part of its holding in PICC Property & Casualty Co., China’s biggest non-life insurer. AIG, the largest commercial insurer in the U.S., is offering about …
The article AIG Seeks $507 Million Through Sale of Some of Its Shares in China’s PICC appeared first on Insurance Journal.
Nothing is more exciting than reading the latest updates on insurance law, unless, of course, you can get updates on corporate law at the same time. Fortunately, there are two recent Louisiana cases where the outcome of insurance law issues …
The article Louisiana Cases Show Insurance, Corporate Law Intersect with Consequences appeared first on Insurance Journal.
Indiana Gov. Mike Pence defended the new state law that’s garnered widespread criticism over concerns it could foster discrimination and said it wasn’t a mistake to have enacted it. Pence appeared on ABC’s “This Week with George Stephanopoulos” to discuss …
The article Under Pressure, Governor Says New Indiana Law ‘Not About Discrimination’ appeared first on Insurance Journal.
Ohio-based State Auto Financial Corporation and State Automobile Mutual Insurance Company (State Auto Mutual) hired Michael E. LaRocco as president and chief executive officer. LaRocco officially takes over the duties of current President and CEO Robert P. Restrepo Jr. on …
The article LaRocco to Take Over as State Auto President, CEO in May appeared first on Insurance Journal.
The parents of a woman who was killed in the Colorado movie theater shooting have lost their bid to hold ammunition sellers liable for the attack. Sandy and Lonnie Phillips, whose daughter, Jessica Ghawi, was one of 12 people killed …
The article Lawsuit Lost by Parents Of Colorado Theater Shooting Victim appeared first on Insurance Journal.
The U.S. Supreme Court on Monday declined to hear a new challenge to President Barack Obama’s healthcare law that took aim at a bureaucratic board labeled by some Republicans as a “death panel” because it was designed to cut Medicare …
The article Supreme Court Turns Down ‘Death Panel’ Challenge appeared first on Insurance Journal.
A light rail train slammed into a car at a crossing in front of the University of Southern California, seriously injuring the driver and the train’s operator. Nineteen passengers on the train suffered lesser injuries. The Metro Expo Line train …
The article Light Rail Train Hits Car in California Partially Derails, 21 Hurt appeared first on Insurance Journal.
Thousands of employers in Ohio who were overcharged for workers’ compensation insurance premiums will have to wait at least a few more weeks before collecting a share of the $420 million court settlement, according to one of the attorneys involved. …
The article Payout of Ohio Workers’ Comp Settlement Delayed appeared first on Insurance Journal.
Arthur Cade, 60, a licensed insurance broker-agent in California, was arrested on three felony counts of grand theft for stealing more than $100,000 from a Los Angeles Unified School District program and more than $400,000 from other programs managed by …
The article California Broker Nabbed for Pocketing More Than $500K From Safety Program appeared first on Insurance Journal.
Oklahoma officials are expanding the number of counties that are included in earthquake “areas of interest,” and asking nearly 100 companies to prove their oil and gas waste-water disposal wells are not too deep. The Tulsa World reports that the …
The article More Counties Added to Oklahoma Earthquake Watch List appeared first on Insurance Journal.
A northern Indiana jury has awarded more than a half-million dollars to a woman who was injured when she stepped into a hole outside a Wal-Mart store. The (Munster) Times reports the Porter County jury awarded 29-year-old Micela Earle of …
The article Indiana Woman Awarded $510K for Injury Outside Wal-Mart Store appeared first on Insurance Journal.
Regulators say an oversized load did not have the proper permit when the rig snagged an Interstate 35 bridge beam in a deadly Central Texas wreck. The tractor-trailer lacked the proper permit, the Texas Department of Motor Vehicles said on …
The article No Proper Permit for Texas Truck in I35 Bridge Accident appeared first on Insurance Journal.
Texas-based Mullis Newby Hurst LP, which specializes in construction insurance and surety bonds in the Southwest, recently hired Doug Reed as an account executive. Previously Reed was director of business development for Chem Can Services LLC and a financial representative …
The article Mullis Newby Hurst Adds Reed as Account Executive appeared first on Insurance Journal.
A jury soundly rejected Ellen Pao’s claims of gender discrimination by Kleiner Perkins Caufield & Byers, in a case that riveted Silicon Valley for weeks and exposed how women fare in the male-dominated world of venture capital. The verdict followed …
The article Woman Loses California Gender-Discrimination Suit appeared first on Insurance Journal.
The Georgia Senate has passed a slightly tweaked substitute measure to a House bill that apparently clears the way for Uber, Lyft and other ridesharing companies to keep operating in the state. The substitute, which makes minor changes to the …
The article Controversial Ridesharing Legislation Makes it Through Georgia Senate appeared first on Insurance Journal.
The co-pilot suspected of deliberately crashing an airliner, killing 150 people, had told his girlfriend he was planning a spectacular gesture so “everyone will know my name,” a German daily said on Saturday. The Bild newspaper published an interview with …
The article Co-Pilot’s Ex-Girlfriend Tells of his Psychiatric Problems; Big ‘Gesture’ Plan appeared first on Insurance Journal.
When it comes to world trade, a 17-day shortcut trumps terror, piracy and now bombs. That’s the time a supertanker saves by using the Bab el-Mandeb waterway that skirts Yemen at the southern tip of the Arabian Peninsula, rather than …
The article Yemen Conflict Adds to Worries for Ships That Must Dodge Pirates, Terror appeared first on Insurance Journal.
A jury has awarded $18 million to the estate of a Chapel Hill, N.C., man killed in a charter bus crash almost two years ago. WRAL in Raleigh reports the wrongful death lawsuit sought $52 million, but lawyers for Horizon …
The article North Carolina Jury Awards $18 million to Estate of Bus Crash Victim appeared first on Insurance Journal.
In an emotional ceremony in his Capitol office, Georgia Governor Nathan Deal signed an executive order Friday ordering state agencies to start preparations now for the enactment of the state’s medical marijuana bill. Deal said he’ll sign it into law …
The article Georgia State Agencies Preparing for Medical Marijuana Law appeared first on Insurance Journal.
After the Big Dig-out, it’s time for the Big Payout. Or will it be the Big Denial? New England’s epic winter is on pace to produce a corresponding number of claims as thousands of homeowners seek to repair damage. Successive …
The article Boston Area Expects a Flood of Claims After Record Winter appeared first on Insurance Journal.
A former JetBlue Airways Corp. pilot whose midair meltdown forced an emergency landing of a 2012 flight on Friday sued the carrier for $14.9 million, saying it should have grounded him because it knew he was incapable of flying. Clayton …
The article Ex-Pilot’s Suit Says JetBlue Should Have Known He Was Unfit to Fly appeared first on Insurance Journal.
The U.S. Federal Reserve is considering a proposal from life insurers that could delay the implementation of a costly nationwide capital framework for the $1 trillion industry, according to records of a recent meeting between the two sides seen by …
The article Federal Reserve Mulling Insurers’ Proposal for Capital Standards appeared first on Insurance Journal.
The head of a U.S. industrial oversight agency who was dogged by congressional criticism has resigned at President Barack Obama’s request, the White House said. U.S. Chemical Safety Board Chairman Rafael Moure-Eraso stepped down on Thursday, a week after a …
The article Obama Gets Chemical Safety Board Chief to Resign appeared first on Insurance Journal.
Someone may have improperly tapped a gas line before an explosion that leveled three apartment buildings and injured nearly two dozen people, New York City Mayor Bill de Blasio said on Friday, March 27, as firefighters soaked the still-smoldering buildings …
The article NYC Mayor: Someone May Have ‘Inappropriately’ Tapped Gas Line appeared first on Insurance Journal.
Massachusetts Gov. Charlie Baker formally asked the federal government on Friday, March 27, to declare a disaster in 10 Massachusetts counties after a relentless series of winter storms brought record snowfall and frigid temperatures, causing 25 deaths and costing the …
The article Massachusetts Governor Asks for Snow Disaster Declaration appeared first on Insurance Journal.
The cost of workers’ compensation insurance is declining for the fourth consecutive year in Pennsylvania. The state departments of Insurance and Labor & Industry said on Friday, March 27, that overall rates will decline by 5.99 percent while benefits for …
The article Pennsylvania Workers’ Comp Rate to Decline for 4th Year appeared first on Insurance Journal.
Massachusetts Attorney General Maura Healey’s office sent a letter to the state’s Division of Insurance (DOI) this week, urging regulators to reject the proposed fee hike in the Massachusetts Automobile Insurance Plan (MAIP), the state’s private passenger auto insurance market …
The article Mass. AG Asks DOI to Reject Proposed Fee Increase for MAIP Policies appeared first on Insurance Journal.
The New Hampshire Supreme Court ruled last week that a worker who fell asleep while driving a company truck and hit a utility pole in the course of his employment is entitled to workers’ compensation benefits for the severe injuries …
The article N.H. Court: Worker Who Fell Asleep While Driving Due Benefits for Crash Injuries appeared first on Insurance Journal.
Transportation network companies such as Uber and Lyft represent a promising technology that can serve consumers well in the future, but Florida legislators should clarify the insurance requirements for these services in state law in order to adequately protect both …
The article Personal Insurance Federation of Florida Releases TNC Legislation Guidelines appeared first on Insurance Journal.
ProSight Specialty Insurance and Affinity Agency Group, LLC have partnered to create ClubComplete, a specialized one-stop insurance product for golf, country and leisure club owners and managers. ProSight’s ClubComplete is designed for private golf and country clubs, public golf courses, …
The article ProSight, Affinity Partner on Golf, Country, Leisure Club Program appeared first on Insurance Journal.
New Hampshire state senators have pushed off a deal to reform New Hampshire’s workers’ compensation insurance laws. The chamber voted Thursday to send a tentative deal, which would’ve given providers three years to bring down costs on their own without …
The article New Hampshire Senate Delays Workers’ Compensation Reform Deal appeared first on Insurance Journal.
A Los Angeles jury has awarded $28.2 million to a woman who said treatment delays by Kaiser Permanente doctors cost her a leg. City News Service says jurors found that Southern California Permanente Medical Group was negligent. Twenty-three-year-old Anna Rahm …
The article Los Angeles Woman Awarded $28.2M in Lost Leg Suit Against Kaiser appeared first on Insurance Journal.
Saying a big earthquake is inevitable, Los Angeles Mayor Eric Garcetti is supporting a state measure that would offer incentives for people to make their buildings safer during a temblor. City News Service says Garcetti has backed a measure that …
The article Los Angeles Mayor Backs Retrofit Tax Measure for Quake Upgrades appeared first on Insurance Journal.
The annual auto insurance fee that Michigan drivers pay toward caring for people catastrophically injured in crashes is dropping from $186 to $150. The Michigan Catastrophic Claims Association announced March 25 the new per-car assessment for the 12 months starting …
The article Michigan’s Auto Insurance Catastrophic Injury Fee to Drop to $150 appeared first on Insurance Journal.
A consultant says it’s not feasible to move to a self-insurance model for Wisconsin state employees next year. The Wisconsin State Journal reports that the consultant’s report found moving from a competitive HMO model to self-insurance could save the state …
The article Consultant: Self-Insurance for Wisconsin State Employees Premature appeared first on Insurance Journal.
To discourage distracted driving in conjunction with National Distracted Driving Awareness Month in April, Erie Insurance, based in Erie, Pennsylvania, recently asked drivers what they do behind the wheel. The online survey of 1,915 U.S. drivers aged 18 and older …
The article Erie Survey Finds Wide Range of Distracted Behaviors Behind Wheel appeared first on Insurance Journal.
Reinsurance broker JLT Re has appointed Ed Hochberg as CEO of JLT Re in North America. Hochberg is currently global head of Analytics, Banking and Advisory at JLT Re, having joined as part of the 2013 Towers Watson Re acquisition. …
The article Hochberg Named CEO of JLT Re in North America appeared first on Insurance Journal.
Insurance software provider Vertafore announced three new partnerships to expand its end-to-end technology offerings for the cloud, data, and mobile spaces at its user conference, NetVU15, now taking place in Indianapolis through Saturday. The company said the new partnerships are …
The article Vertafore Partners to Expand Cloud, Data, Mobile Offerings appeared first on Insurance Journal.
ACA Financial Guaranty Corp. urged New York’s top court to reinstate a suit accusing Goldman Sachs Group Inc. of conspiring to force it to insure an investment that led to a $550 million settlement with regulators. Goldman failed to disclose …
The article ACA Financial Asks N.Y.’s Top Court to Revive Goldman Suit Over Abacus appeared first on Insurance Journal.
Kentucky lawmakers have given final passage to a bill aimed at curtailing drunken driving through use of ignition interlock devices that test the sobriety of drivers. A final version cleared the House and Senate this week as lawmakers neared the …
The article Kentucky DUI Ignition Interlock Bill Heads to Governor appeared first on Insurance Journal.
The U.S. Supreme Court Tuesday issued a decision that will affect the landscape for securities class actions. In the unanimous ruling, which focused on opinions expressed in documents filed with the U.S. Securities and Exchange Commission, the high court said …
The article Supreme Court Omnicare Ruling Addresses Company Opinion Statements appeared first on Insurance Journal.
Deutsche Lufthansa AG may face unlimited liability for payments to families of victims of the Germanwings jet crashed by its suicidal co-pilot, according to lawyers. “The liability for the victims would be uncapped,” said George Leloudas, a lecturer at Swansea …
The article Co-Pilot Suicide Leaves Lufthansa Facing Unlimited Liability appeared first on Insurance Journal.
Humana Inc. has agreed to sell the stock of its subsidiary Concentra Inc., one of the largest occupational health services providers. The buyer will be MJ Acquisition Corp., a joint venture between Select Medical Holdings Corp., an operator of specialty …
The article Humana to Exit Workers’ Compensation with Sale of Concentra appeared first on Insurance Journal.
Flooding caused by abnormally heavy rains cut roads, knocked out electricity and threatened several communities in the usually bone-dry Atacama Desert region early Thursday. Local media quoted police as saying two people had been killed in the coastal town of …
The article Heavy Rains Cause Flooding in Usually Bone-Dry Chile Desert appeared first on Insurance Journal.
Guernsey-based Heritage Insurance announced that it has been accorded Lloyd’s registered broker status. “This allows Heritage Insurance Solutions, the FCA-regulated arm of the Guernsey-headquartered Heritage Group, to place business directly with Lloyd’s underwriters,” the announcement said. Heritage Insurance Solutions managing …
The article Guernsey’s Heritage Insurance Accorded Lloyd’s Registered Broker Status appeared first on Insurance Journal.
Catlin Group Limited announced that it has joined forces with the Natural History Museum in London to present a major exhibition, which opens today, exploring the importance and beauty of the world’s coral reefs. “The exhibition, ‘Coral Reefs: Secret Cities …
The article Catlin Joins London Natural History Museum’s Major Coral Reef Exhibition appeared first on Insurance Journal.
A bankruptcy judge told General Motors Co. six years ago it didn’t have to worry about lawsuits over cars made before its $49.5 billion government bailout. Last month, the same judge said he wasn’t so sure anymore. U.S. Bankruptcy Judge …
The article Bankruptcy Judge May Lift Shield for GM Over Ignition Switch Claims appeared first on Insurance Journal.
Rock-bottom interest rates could erode insurers’ earnings power and financial strength for years to come, putting an end to a string of stronger-than-expected rises in dividends, analysts said in reports published on Thursday. Credit rating agency Moody’s said it expected …
The article Analysts Say Low Interest Rates to Drag on Insurer Profits, Dividends Long-Term appeared first on Insurance Journal.
In the U.S., this past year has had more than enough reminders of how weather can affect our lives. California is heading into its fourth year of drought because it didn’t get enough snow. Boston is just emerging from a …
The article Earth’s Surface Rising in North America, Europe: After-Effect of Ice Age appeared first on Insurance Journal.
Philip Smith’s son thought the worst when friends texted him on an evening in early November 2013, saying “sorry to hear about your father.” “He assumed I was dead,” Smith, 47, told an employment tribunal in Dublin this month that …
The article Meltdown at RSA’s Irish Unit Laid Bare at Dublin Employment Tribunal appeared first on Insurance Journal.
Conflict in Yemen risks spilling out into the busy sea lanes that pass it and potentially disrupt the narrow Bab el-Mandeb passage through which nearly 4 million barrels of oil are shipped daily to Europe, the United States and Asia. …
The article Yemen Conflict Could Disrupt Major Oil Shipping Route; Insurers Pull Back appeared first on Insurance Journal.
North Carolina legislators are stopping efforts to legalize marijuana to treat medical conditions. A state House committee voted Wednesday to kill a medical marijuana bill. Advocates say marijuana helps to manage chronic pain, and relatives of injured military veterans spoke …
The article Lawmakers Halt Medical Marijuana Efforts in North Carolina appeared first on Insurance Journal.
The Main Street America Group has appointed Chris Cox as president of the carrier’s newly created Florida Region. Main Street America’s primary brand in Florida is Old Dominion Insurance Co. “Florida has ascended to become Main Street America’s second largest …
The article The Main Street America Group Appoints Chris Cox to Lead New Florida Region appeared first on Insurance Journal.
Lawyers for businesses and people affected by a massive chemical spill last year say a settlement to fund community projects is no longer being considered. In June 2014, lawyers for the groups affected by the Freedom Industries spill proposed the …
The article West Virginia Chemical Spill Settlement for Community Projects Dropped appeared first on Insurance Journal.
Insurers doing business in New York State must tell a regulator there about efforts to prevent computer hacking, detailing the precautions taken and the personnel devoted to the task. Benjamin Lawsky, superintendent of the state Department of Financial Services, said …
The article New York to Investigate Insurers’ Cybersecurity Work After Hacks appeared first on Insurance Journal.
The U.S. was barred by a federal judge from immediately enforcing a new rule that would grant Family and Medical Leave Act benefits to same-sex couples. Texas sued the U.S. last week, claiming that the government’s definition of spouses would …
The article Federal Judge Blocks Granting Family Leave to Same-Sex Couples in Texas appeared first on Insurance Journal.
Insurance wholesaler J.M. Wilson has promoted Jenna Caschetta to property/casualty underwriter in its Arlington Heights, Ill., office and added Gerry McCabe as P/C underwriter. Caschetta is responsible for quoting new and renewal accounts for a wide variety of commercial property …
The article J.M. Wilson Announces Staff Changes in Illinois appeared first on Insurance Journal.
The state Senate has approved a $1 billion proposal to speed up spending on water projects in drought-stricken California. The Senate this week voted 35-1 on the package to accelerate infrastructure spending. An accompanying measure authorizing fines for illegal water …
The article California Senate Approves $1B Water Plan Amid Drought appeared first on Insurance Journal.
Oklahoma Insurance Commissioner John D. Doak announced that more than 1,100 homeowners insurance claims have already been filed following severe weather that marched across the state on Wednesday, March 25. “Tornadoes are a devastating act of Mother Nature that Oklahomans …
The article Oklahoma Commissioner: Severe Weather Damaged at Least 1,100 Insured Homes appeared first on Insurance Journal.
The U.S. Consumer Product Safety Commission said Wednesday it is investigating Lumber Liquidators Chinese-made laminate flooring following a national TV broadcast raised concerns over levels of formaldehyde. Chairman Elliot F. Kaye said Wednesday the agency is taking the issue seriously …
The article Va. Retailer Lumber Liquidators’ Imported Flooring Faces Safety Inquiry appeared first on Insurance Journal.
Legislation that limits when and how fracking could take place in Maryland passed Tuesday in both chambers of the state legislature. Senators voted 29-17 for a bill that holds drilling companies strictly liable for injuries to residents or their property, …
The article Maryland House, Senate Pass Fracking Bills appeared first on Insurance Journal.
Duke Energy will appeal a $25.1 million fine by North Carolina environmental regulators over pollution that has been seeping into groundwater for years from a pair of coal ash pits at a retired power plant. The fine, which was announced …
The article Duke Energy to Appeal $25M Fine by North Carolina Regulators appeared first on Insurance Journal.
Insurance process provider Vantage Agora has released a new loss-analysis web application that gives insurance brokers, program managers and managing general agents the ability to view and analyze consolidated data on claims losses for clients and prospects. The application is …
The article Vantage Agora Launches Loss Analysis Tool for Brokers/Wholesalers appeared first on Insurance Journal.
A Nevada Assembly member is attempting to create a regulatory framework for drones that would protect people’s privacy in the state. Democratic Assemblyman Elliot Anderson is sponsoring a bill that would limit how police can use drones in investigations and …
The article Privacy Restrictions on Nevada Drones Would be Imposed by Bill appeared first on Insurance Journal.
Voters in Gonzales, La., will decide on March 28 whether to renew a 10-year, 3.27-mill property tax that was first passed in 1986 to fund the city’s fire department. With two fire stations and an ambulance service that transports residents …
The article Louisiana Town to Vote on Tax for Fire Department Maintenance appeared first on Insurance Journal.
A class action lawsuit filed in a California federal court alleges The Venetian and The Palazzo casino-resorts hid daily resort fees from travelers booking rooms at the Las Vegas Strip properties. The lawsuit filed earlier this month said Benjamin Brin …
The article Suit: Vegas Strip Casinos Hid Resort Fees appeared first on Insurance Journal.
Three organic food companies that use spinach in their food have recalled hundreds of thousands of items over listeria concerns. Organic food company Amy’s Kitchen, in Petaluma, Calif., has voluntarily recalled about 74,000 cases of frozen and prepackaged products containing …
The article California Company Among Those to Recall Frozen Spinach appeared first on Insurance Journal.
A Marshalltown, Iowa, man says the city should pay for damage to his rental property caused by a police department SWAT team during its search for a murder suspect. Ron Iole told the Marshalltown City Council that he filed a …
The article Iowa Man: City should Pay for Tear Gas Damage at Rental Home appeared first on Insurance Journal.
Independent reinsurance broker Holborn Corp. announced that Michael S. Joyce has joined the firm as a senior vice president in its Minneapolis office. His areas of expertise in reinsurance include workers’ compensation, commercial automobile, surety and Florida homeowners’ property business. …
The article Joyce Joins Holborn as Senior VP in Minneapolis appeared first on Insurance Journal.
Maryland officials say traffic deaths have hit a 66-year low in the state. Transportation officials said at a news conference Tuesday that traffic deaths in Maryland fell to 442 last year. That’s the lowest amount of traffic deaths in the …
The article Traffic Deaths in Maryland Fell to 66-Year Low Last Year appeared first on Insurance Journal.
The Big Melt is coming. In the next day or so, southern New England and the lower Hudson Valley are going to shed a lot of snowpack as a storm passing just north of the region pulls in warm air …
The article Big Melt Will Start Liberating Boston From Its Record Snowpack appeared first on Insurance Journal.
Ride-sharing company Uber said it has formed response teams to address safety issues across the world, amid increasing concerns about the security of its passengers and drivers. The company, whose mobile app lets users hail taxis, has been dogged by …
The article Uber Launches Safety Teams, Features As Security Issues Mount appeared first on Insurance Journal.
Shipping losses declined to 75 during 2014, a 32 percent drop from the previous year and well below the 10-year loss average of 127, according to Allianz Global Corporate & Specialty SE’s (AGCS) third annual Safety and Shipping Review 2015. …
The article Shipping Losses Down in 2014 But New Threats Loom: Allianz appeared first on Insurance Journal.
Agency employees are not happy when it comes to compensation, and money isn’t the problem. Despite increases in salaries and total compensation, many employees continue to be unsatisfied when it comes to overall compensation, according to Insurance Journal‘s annual Agency …
The article Why Are Agency Employees Unhappy? appeared first on Insurance Journal.
Authorities are nowhere near to fully understanding “shadow banking” as the $75 trillion sector morphs and grows under the influence of new technology and regulation, a top markets supervisor said on Wednesday. Shadow banking refers to the supply of credit …
The article Regulators Concerned About Risks in $75 Trillion Shadow Banking Sector appeared first on Insurance Journal.
A study, – “Financial repression: The unintended consequences -” released by Swiss Re, notes that “seven years after the financial crisis, central banks are still keeping interest rates at historically low levels.” They keep them low as the policy helps …
The article EU, US Insurers Lost $400 Billion from Continued Low Interest Rates: Swiss Re appeared first on Insurance Journal.
Cockpit voice recordings from the German jet that crashed in the Alps showed one of the pilots left the cockpit and could not get back in before the plane went down, killing everyone onboard, the New York Times reported. The …
The article Recording Shows Pilot Locked Out of Crashed Germanwings Cockpit: NYT appeared first on Insurance Journal.
A.M. Best has downgraded the financial strength rating to B- (Fair) from B (Fair) and the issuer credit rating to “bb-” from “bb” of Southern General Insurance Co. (SGIC) of Marietta, Ga. The outlook for both ratings is negative. The …
The article A.M. Best Downgrades Ratings of Southern General Insurance Co. appeared first on Insurance Journal.
Mississippi has become the 45th state to ban texting while driving after Governor Phil Bryant signed the bill into law this past week. House Bill 389 prohibits drivers from writing, sending or reading text messages, emails or social media messages. …
The article Texting While Driving Officially Banned in Mississippi appeared first on Insurance Journal.
After two rancorous years of squabbling, confusion and heated debate, Georgia appears on the verge of having a medical marijuana law after the state Senate passed a sweeping bill Tuesday that would allow cannabis oil to be used to treat …
The article Retooled Medical Marijuana Bill Gets OK from Georgia Senate appeared first on Insurance Journal.
The National Hockey League lost its bid to throw out retired players’ claims it glorified violence and failed to protect them from repeated head injuries and concussions. Wednesday’s ruling by a federal judge in St. Paul, Minnesota, comes as the …
The article NHL Loses Bid to Block Players’ Concussion Lawsuits appeared first on Insurance Journal.
The 99-year-old U.S. estate tax would disappear under a bill approved Wednesday by the House Ways and Means Committee. The legislation, backed on a 22-10 party-line vote, would benefit about 5,500 families who pay the tax each year plus thousands …
The article House Committee Approves Bill to Repeal Estate Tax appeared first on Insurance Journal.
Progressive Corp., the fourth-largest U.S. auto insurer, said it will begin increasing rates for some risky customers who participate in a program that allows the company to electronically monitor driving habits. The decision to lift premiums is a shift for …
The article Progressive to Risk Raising Rates on Risky Snapshot Drivers appeared first on Insurance Journal.
Michigan has had some positive developments on the employment and workers’ compensation fronts lately and state officials are eager to share the news. Workers’ comp costs for employers in Michigan have dropped by nearly 28 percent since 2011 and the …
The article Michigan Workers’ Comp Costs Drop, Employment Rises appeared first on Insurance Journal.
Judging by the number of tickets each year, jaywalking as an infraction draws scant attention from police in New Jersey. The Asbury Park Press reports that in 2010, there were 557 jaywalking tickets issued in the state of New Jersey, …
The article New Jersey’s Pedestrian Safety Program May Be Making Positive Impact appeared first on Insurance Journal.
Federal authorities say Brenham, Texas-based Blue Bell is expanding the recall of some ice cream products because of possible exposure to the listeria bacteria. Blue Bell is recalling 3-ounce cups of chocolate, strawberry and vanilla ice cream that have tab …
The article Recall for Texas-Based Blue Bell Ice Cream Products Expanded appeared first on Insurance Journal.
While there has been a curious lack of tornadoes throughout the country’s midsection, that may soon change, according to federal weather forecasters. A cold front approaching Oklahoma, Arkansas and Missouri is expected to bring hail, strong winds and the possibility …
The article Arkansas, Oklahoma, Warned of Hail, High Wind-Packing Storms appeared first on Insurance Journal.
Lawmakers in the Iowa Senate and House have approved legislation that would protect cities from liability if people are injured while sledding in public parks. The bill passed 48-0 in the Iowa Senate. It passed in the House last week. …
The article Iowa Lawmakers Back Measure Protecting Cities from Sledding Claims appeared first on Insurance Journal.
A low-clearance railroad bridge in Pierre, S.D., continues to win battles with semitrailers that seem drawn to it like a magnet. The latest truck to crash into the problematic bridge over South Pierre Street didn’t hurt the structure, but an …
The article Another Truck Crashes into Problematic South Dakota Bridge appeared first on Insurance Journal.
A bill to be considered by the Arkansas Senate today would prevent auto insurers from denying a claim for damage caused by a stolen vehicle even if “a valid police report of the theft of vehicle has not been filed.” …
The article Arkansas Bill Would Prevent Claim Denial for Damage by Stolen Vehicle appeared first on Insurance Journal.
Nautilus Insurance Group in Scottsdale, Ariz. has announced two changes to the management team of the organization. Michael J. Kilgas, who has served as senior vice president of claims, will move to a new role as senior vice president of …
The article Nautilus in Arizona Moves Kilgas, Hires Joyce in Claims appeared first on Insurance Journal.
At the start of a fourth-straight year of drought, California state Sen. Bob Hertzberg has introduced a bill requiring regional water-management officials to report the vulnerability of their water systems to an earthquake. Senate Bill 664 addresses Integrated Regional Water …
The article California Bill Seeks Reports on Water Infrastructure Vulnerability to Quakes appeared first on Insurance Journal.
Two business owners in Milford, Massachusetts, have been indicted in connection with failing to accurately report their total payroll and workforce to avoid paying hundreds of thousands of dollars in insurance premiums, authorities announced. Massachusetts Attorney General Maura Healey’s office …
The article 2 Mass. Roofing Company Owners Indicted for Alleged Work Comp Fraud appeared first on Insurance Journal.
Utah’s Republican governor has signed a bill that that would allow police to pull over drivers for not wearing seatbelts. The measure signed by Gov. Gary Herbert on Monday makes it a primary offense for drivers older than 19 to …
The article Utah Oks Bill to Enable Police to Ticket for Seatbelts appeared first on Insurance Journal.
San Juan Capistrano, Calif.-based King Insurance has named Andre DeGazon a senior professional liability underwriter and program manager. DeGazon has 20 years of experience. He was formerly a professional liability senior underwriter with ELM Insurance. King Insurance is a program …
The article King Insurance in California Names DeGazon Underwriter, Program Manager appeared first on Insurance Journal.
Nautilus Insurance Group in Scottsdale, Ariz. has announced two changes to the management team of the organization. Michael J. Kilgas, who has served as senior vice president of claims, will move to a new role as senior vice president of …
The article Nautilus in Arizona Moves Kilgas, Hires Joyce in Claims appeared first on Insurance Journal.
Encino, Calif.-based Republic Indemnity Company of America has named Allen Goodwin president. He succeeds Dwayne Marioni, who retired earlier in early March. Goodwin joined the company in 2011 as senior vice president of California operations. Prior to joining Republic Indemnity, …
The article Goodwin Named President of Republic Indemnity in California appeared first on Insurance Journal.
The U.S. Supreme Court on Wednesday revived a woman driver’s pregnancy discrimination claim against package delivery company UPS Inc. by sending the case back to a lower court. On a 6-3 vote, the court said worker Peggy Young would have …
The article Supreme Court Gives Pregnant UPS Driver’s Claim Another Chance appeared first on Insurance Journal.
JLT Specialty USA said it has added an environmental team to provide environmental brokerage and advisory services in energy, construction, environmental professional, finance and aerospace sectors. The individuals appointed to this team include Greg Schilz, executive vice president and JLT …
The article JLT Specialty USA Creates Environmental Brokerage Team appeared first on Insurance Journal.
Given the potential wide-reaching impacts on pricing, products, investment strategies and the cost of capital, A.M. Best doubts that the ambitious timeline can be met to develop and implement international capital standards by the International Association of Insurance Supervisors (IAIS). …
The article IAIS’ International Capital Standards Have Ambitious Timeline: A.M. Best appeared first on Insurance Journal.
Canopius Group Limited, the global specialty (re)insurance platform of Sompo Holdings, announced that James (Jim) Giordano, Executive Chairman of Canopius US Holdings, will retire from the Group on June 30, 2015. The announcement noted that Giordano “was a member of …
The article Giordano to Retire as Executive Chairman of Canopius US appeared first on Insurance Journal.
Swiss Re has just released its sigma report on catastrophe losses for 2014, which confirms that total global economic losses from natural catastrophes and man-made disasters were around $110 billion, compared to global insured losses of about $35 billion, which …
The article 2014 Insured Cat Losses below Average at $35 Bn: Swiss Re Sigma Report appeared first on Insurance Journal.
Chinese officials don’t usually go into detail on the challenges that climate change poses for the world’s most populous and largest carbon-emitting country. But in a speech on March 23, a top meteorologist warned of the severe risks facing China, …
The article China Faces Severe Threats From Climate Change: Beijing-Based Meteorologist appeared first on Insurance Journal.
Philadelphia Insurance Companies has promoted one vice president and two regional vice presidents in marketing. Matthew Carroll assumes the position of regional vice president of marketing in the insurer’s West region. Carroll joined Philadelphia Insurance in 2008. As a vice …
The article Philadelphia Insurance Promotes 3 in Marketing appeared first on Insurance Journal.
German insurer Allianz confirmed it was the lead insurance underwriter for the Airbus A320 plane which crashed in the French Alps on Tuesday. All 150 people on board the plane, operated by Lufthansa’s Germanwings budget airline, were feared dead. “We …
The article Allianz Is Lead Underwriter for Crashed Germanwings Airbus A320 appeared first on Insurance Journal.
The Hartford has launched Educators Professional Choice to give educational institutions the ability to customize their liability coverage based on their needs. The package of management and professional liability coverages is designed specifically for private schools, colleges and universities. “Protecting …
The article The Hartford Launches Customizable Coverage For Educational Institutions appeared first on Insurance Journal.
Workers were dismantling a scaffold at a high-rise construction project on Monday when a piece of it fell to the ground in downtown Raleigh, N.C., killing three men and sending another to a hospital. All four men were involved in …
The article North Carolina Scaffolding Accident Leads to 3 Worker Deaths appeared first on Insurance Journal.
The Tennessee state Legislature passed a bill this week allowing workers to sue their employers if they are fired for storing guns in cars parked on company lots. The Senate passed the measure on a 28-5 vote, and the House …
The article Tennessee Lawmakers Pass Update to Guns in Company Parking Lots Bill appeared first on Insurance Journal.
The former chief executive of Massey Energy Co. pleaded not guilty on Tuesday to a revised federal indictment arising from a 2010 West Virginia coal mine explosion that killed 29 miners. The former chief executive, Donald Blankenship, entered his plea …
The article Former Massey CEO Pleads Not Guilty to New Indictment in Mine Blast appeared first on Insurance Journal.
A Florida businessman who authorities say faked his own death to dodge debts while reaping millions in life insurance benefits is sitting in a North Carolina jail after allegedly applying for a passport under another man’s name. Jose Salvador Lantigua …
The article Florida Businessman who Faked Death Arrested in North Carolina appeared first on Insurance Journal.
Insurers applauded a Senate subcommittee for holding a hearing on the use of unmanned aircraft systems and urged swift action from federal regulators charged with integrating the technology into the National Airspace System. “The marketplace is more than ready for …
The article Insurers Say Drone Rules Needed for Risk Evaluation appeared first on Insurance Journal.
The House Ways and Means Committee plans to vote this week on a bill to repeal the U.S. estate tax, said Doug Andres, a spokesman for committee chairman Paul Ryan, a Wisconsin Republican. The move to repeal the estate tax …
The article House Republicans Plan Vote on Estate Tax Repeal appeared first on Insurance Journal.
Leaders of the House of Representatives Intelligence Committee introduced legislation on Tuesday to make it easier for companies to share information about cybersecurity threats with the government, without the fear of being sued. Prompted in part by high-profile cyber attacks …
The article Cyber Information Sharing Bill Introduced in House appeared first on Insurance Journal.
Commercial drone operators will have an easier time using and testing their devices in the U.S. after the Federal Aviation Administration said it has loosened some requirements for obtaining government permission to fly. The FAA has awarded 48 waivers for …
The article FAA Eases Rules for Commercial Drones appeared first on Insurance Journal.
A Vertafore insurance technology consultant, an insurance agency customer service representative, and an insurance carrier IT manager walk into a bar… What’s so funny about insurance technology? The answer will come this Thursday, March 26, at 1:00 pm ET/10:00 am …
The article NetVU User Conference to Stream Live on IJ.com Thursday, No Kidding appeared first on Insurance Journal.
Clark Insurance has hired Christopher Joy to fill the newly created position of director of Employee Benefits Services in the Portland, Maine, office. With more than 15 years of experience in the benefits realm, Joy will oversee account management processes …
The article Clark Insurance Hires Joy as Director of Employee Benefits Services in Maine appeared first on Insurance Journal.
The Maryland Insurance Administration (MIA) said “crash and buy” auto insurance schemes are a growing trend in the state. When an uninsured driver crashes, buys insurance, then claims the accident happened after the policy took effect, that is fraud and …
The article ‘Crash and Buy’ Insurance Schemes Are Growing Trend in Maryland: MIA appeared first on Insurance Journal.
Los Angeles, Calif.-based The Cooperative of American Physicians Inc. has named Hammon P. Acuna senior vice president of business development. Acuna will direct the activities and performance of all business development activities, including CAP business development, membership development, underwriting and …
The article CAP Names Hammon Senior Vice President of Business Development appeared first on Insurance Journal.
U.S. Sen. Charles Schumer (D-New York) is asking the Consumer Product Safety Commission to investigate the safety of Chinese-imported wood laminate flooring from Lumber Liquidators in Toano, Virginia, and initiate recalls if needed. The New York Democrat says federal authorities …
The article New York’s Schumer Requests Safety Probe of Imported Flooring appeared first on Insurance Journal.
Federal safety officials have fined SER Construction Partners Ltd. $79,900 for three safety violations at a site in Houston, Texas. SER Construction Partners Ltd. based in Pasadena, Texas, specializes in heavy civil construction and employs about 370 employees. The Occupational …
The article Construction Firm Hit with $79.9K Fine for Excavation Hazards in Houston appeared first on Insurance Journal.
Medical malpractice claims hit a record low last year in Wisconsin, according to the Director of State Courts. The number of medical malpractice lawsuits fell to 84 last year from 140 in 2013. There were 294 suits filed in 1999. …
The article Medical Malpractice Claims in Wisconsin Fall to Record Low appeared first on Insurance Journal.
Texas by far had the most work zone crash fatalities of any state last year and the state’s transportation department is urging drivers to slow down and pay attention. Work zone crash fatalities in Texas rose to 146 last year, …
The article Texas Leads the Way for Work Zone Crashes, Fatalities appeared first on Insurance Journal.
An annual industry report shows New Jersey has the costliest auto insurance rates in the nation. The National Association of Insurance Commissioners says New Jersey motorists paid an average of $1,220 in 2012. That’s about 49 percent more than the …
The article NAIC Report: New Jersey Tops Nation in Auto Insurance Rates appeared first on Insurance Journal.
A Republican congressman and a Democratic colleague on Tuesday introduced a bill to shed more light on the workings of the Financial Stability Oversight Council, which watches for emerging threats to market stability. The draft bill by Florida Republican Dennis …
The article House Bill Targets Systemic Risk Panel Transparency appeared first on Insurance Journal.
Months after a federal lawsuit prompted Savannah to revise a local law regulating guided tours, Dan Leger remains determined to press ahead with the case in court. “Until they quit licensing my free speech, I won’t be satisfied,” said Leger, …
The article Georgia Tour Guides Move Forward with Free Speech Suit Against Savannah appeared first on Insurance Journal.
A new law could increase the number of doctors licensed to practice in Wyoming. The Wyoming Tribune Eagle reported Wyoming became the first state to join the Interstate Medical Licensure Compact, which seeks to create a fast-track process for physicians …
The article Number of Doctors Licensed in Wyoming Could Rise Under New Law appeared first on Insurance Journal.
Insurance Commissioner Ralph Hudgens says seven central Georgia residents accused of staging a car crash have been charged with insurance fraud. Hudgens said in a statement that the crash on Sept. 5, 2013 involved a 1998 BMW and a rented …
The article 7 Arrested in Georgia for Insurance Fraud in Staged Car Crash appeared first on Insurance Journal.
A lawsuit filed in the death of a man who drowned when a fishing vessel sank nearly three years ago has been settled. The Oregonian newspaper reported the estate of David Terris sued the owner of the commercial fishing boat …
The article Lawsuit Over Oregon Crab Fisherman’s Death Settled appeared first on Insurance Journal.
A jury has awarded a total of $4 million to two Los Angeles, Calif. police officers who sued the department alleging discrimination and retaliation after the shooting of an unarmed autistic man five years ago. The jury awarded $1.9 million …
The article Officers in California Awarded $4M For Post-Shooting Discrimination appeared first on Insurance Journal.
California Insurance Commissioner Dave Jones announced multi-million dollar settlement agreements with Guardian Life and Pacific Life related to their use of the Social Security Administration’s Death Master File database. Both insurers agreed to reform their business practices and use the …
The article Two California Insurers Agree to Change Use of Death Master File appeared first on Insurance Journal.
Maurice “Hank” Greenberg’s Starr International Co. and the U.S. filed a second set of post-trial papers in a lawsuit over the terms of the government’s bailout of American International Group Inc., setting the stage for next month’s closing arguments. Starr’s …
The article Closing Arguments in Greenberg’s Suit Against Bailout Set for April 22 appeared first on Insurance Journal.
Driverless vehicles may reduce the number of vehicles a family needs, but may lead to an increase in total miles driven. Researchers at the University of Michigan Transportation Research Institute (UMTRI) examined U.S. National Household Travel Survey data that contained …
The article How Driverless Cars Might Affect Ownership, Miles Driven appeared first on Insurance Journal.
An Airbus A320 crash in southern France may have claimed the lives of all 150 people on board, in what would be the worst air accident on French soil in decades. Germanwings Flight 9525 operated by the low-cost subsidiary of …
The article Germanwings Airbus A320 Crashes in France; Survivors Unlikely appeared first on Insurance Journal.
Bringing a securities class action became less lucrative last year. According to a new Cornerstone Research report, total settlements in such cases hit their lowest point in 16 years. The aggregate amount of settlements dropped 78 percent to $1.07 billion …
The article Securities Class Action Settlement Amounts Plummet appeared first on Insurance Journal.
The same weather pattern that made the West warm and dry and the Northeast cold and snowy has contributed to keeping the rest of the U.S. relatively free of tornadoes so far this year. In the first two months of …
The article As West Bakes and Northeast Shivers, Elsewhere Tornadoes Almost Disappear appeared first on Insurance Journal.
U.S. bank regulators are scheduled to vote next week on whether to extend MetLife Inc.’s deadline for filing a so-called living will as the insurer sues the government for subjecting it to stricter oversight. The Federal Reserve and the Federal …
The article MetLife May Get More Time For Living Will Due to Systemic Risk Appeal appeared first on Insurance Journal.
The UK Financial Conduct Authority will look into possible conflicts of interest in dark pools and how insurers use new technologies and big data this year. The regulator will also examine how asset managers charge investors starting early next year, …
The article UK Regulator to Review Insurers’ Use of Big Data and Dark Pool Risks appeared first on Insurance Journal.
Gulf Stream water currents in the Atlantic Ocean have slowed to the weakest in as long as 1,000 years, threatening shifts in U.S. and European weather, as well as coastal sea levels including in New York and Boston. The currents …
The article Arctic Melt Creates Weakest Gulf Stream in 1,000 Years, Weather Shifts Expected appeared first on Insurance Journal.
Last year 81 percent of large UK businesses and 60 percent of small companies suffered a cyber security breach. In response to this increasing threat, a report published by the UK government and Marsh, one of the UK’s leading insurance …
The article UK Report Highlights Role of Insurance in Managing, Mitigating Cyber Risk appeared first on Insurance Journal.
IRB Brasil RE plans to grow more aggressively in Latin America and Africa as part of an expansion that may require Brazil’s largest reinsurer to seek an initial public offering or tap an outside partner before 2018, Chief Executive Officer …
The article IRB Brasil RE Seeks to More Aggressive Growth in Latam, Africa; Weighs IPO appeared first on Insurance Journal.
A bill that would give Uber and other ride-sharing services clear sailing to keep operating in Georgia on passed the state Senate’s powerful Science and Technology Committee late last week. The bill by Republican Rep. Alan Powell of Hartwell passed …
The article Georgia Senate Committee Approves Ridesharing Bill appeared first on Insurance Journal.
