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  • Insurance News

    Families Seek Compensation After 30 Dogs Die in Michigan Kennel Fire
    Thu, 19 Apr 2018

    Some dog owners are seeking compensation after 30 pets were killed during a spring break fire at a western Michigan kennel. Jennifer Nunez tells WOOD-TV that her family is heartbroken over the death of Harley, a Newfoundland that cost more …

    Deadlines for Texas Windstorm Insurer Appraisal Demands Extended
    Thu, 19 Apr 2018

    The deadlines for a Texas Windstorm Insurance Association (TWIA) claimant to demand appraisal of a claim for damages caused by Hurricane Harvey have been extended, the Texas Department of Insurance reports. An extension of 30 days has been granted for …

    Illinois Senate Again Passes Workers’ Comp Reform Measure
    Thu, 19 Apr 2018

    The Illinois Senate has approved restrictions on insurance companies writing workers’ compensation policies. The plan that passed 34-21 on April 17 is identical to one Gov. Bruce Rauner vetoed last year. The Republican has complained for years that workers’ compensation …

    Dean & Draper Acquires Houston’s Texas Printers Insurance
    Thu, 19 Apr 2018

    Dean & Draper Insurance Agency LP has acquired Houston-based Texas Printers Insurance Agency (TPIA). TPIA specializes in risk management and property/casualty insurance. The agency also offers employee benefits for members of the printing industries of the Gulf Coast Association, as …

    Louisiana Auditor: State Spent $5M on Sexual Harassment Lawsuits
    Thu, 19 Apr 2018

    Louisiana has spent more than $5 million on lawsuits involving sexual harassment claims since 2009, the state’s legislative auditor said in a new report released Tuesday on the eve of debate on bills targeting sexual misconduct in government. Legislative Auditor …

    North Dakota Contractor Cited for Safety Hazards, Fined Nearly $455K
    Thu, 19 Apr 2018

    The U.S. Department of Labor’s Occupational Safety and Health Administration (OSHA) has cited North Dakota excavation contractor Kamphuis Pipeline Company for exposing employees to trench cave-ins and other serious hazards while installing water metering pits and lines. The company, which …

    Geico Must Pay $23M to Southern California Motorist
    Thu, 19 Apr 2018

    A jury has decided Geico Insurance must pay a Southern California man nearly $23 million in compensation and damages after the company unreasonably delayed paying out on a $400,000 damage claim. The injured driver, Omar Dauod, maintains the delayed payment …

    California Wildfire Insurance Bills Moved Forward by Committee
    Thu, 19 Apr 2018

    A policy committee in California Legislature has unanimously approved a pair of wildfire-inspired bills by Assemblyman Marc Levine requiring insurance companies to notify homeowners whether their policies are sufficient to rebuild or replace their homes after a disaster. Assembly Bill …

    Tesla Probed by California Agency on Occupational Safety
    Thu, 19 Apr 2018

    Tesla Inc. is being probed by a California agency for occupational safety after a report that the electric carmaker failed to disclose serious injuries at a Fremont factory. The state’s Occupational Safety and Health Administration disclosed the inspection on Wednesday, …

    New York City Council Passes Workplace Anti-Harassment Bills
    Thu, 19 Apr 2018

    The New York City Council has passed 11 bills designed to strengthen workplace sexual harassment protections. According to The Wall Street Journal, Democratic Council Speaker Corey Johnson says the legislation is designed to provide all New Yorkers “a safe and …

    Trump Administration Proposes Curbs on Opioid Manufacturers
    Thu, 19 Apr 2018

    The U.S. government on Tuesday proposed tightening rules governing the amount of prescription opioid painkillers that drugmakers can manufacture in a given year, in hopes of reining in the deadly opioid epidemic. The Drug Enforcement Administration’s proposed changes to its …

    Open-Door Helicopter Flights Banned From Taking Off From New York City
    Thu, 19 Apr 2018

    New York City is officially banning open-door helicopter flights from taking off within the five boroughs in the wake of last month’s deadly copter crash. The Daily News reports the Economic Development Corporation plans to announce the new rule on …

    Judge Rules Convicted Swindler in Connecticut Won’t Have to Pay Restitution
    Thu, 19 Apr 2018

    A judge has ruled that a former Connecticut insurance broker convicted of swindling millions of dollars from several elderly clients won’t have to repay the money, as originally ordered. Galan Newton was sentenced to 15 years in prison in 2001 …

    Jimcor Agency Announces Two Additions to Western Pennsylvania Team
    Thu, 19 Apr 2018

    Jimcor Agency Inc., an independent managing general agent and insurance wholesaler, has hired Sarah Warner as a property and casualty underwriter for the Western Pennsylvania office located in Pittsburgh, Penn, and Stefan Santacroce as a brokerage specialist working out of …

    Generali to Sell Belgian Operations to Athora Holding for $668.3M in Cash
    Thu, 19 Apr 2018

    Italy’s Generali has agreed to sell its Belgian operations to Athora Holding Ltd. for approximately €540 million ($668.3 million) in cash. The transaction is expected to close in the second half of 2018, subject to regulatory approvals. Generali Belgium S.A. …

    Justice Department to Review Cigna’s Bid to Buy Express Scripts
    Thu, 19 Apr 2018

    Cigna Corp. confirmed that its proposed $54 billion acquisition of Express Scripts Holding Co. will be reviewed by the U.S. Department of Justice, which has raised the bar for approving deals that don’t combine direct competitors. The health insurer has …

    Supreme Court Appears Divided Over Foreign-Based Patent Damages
    Thu, 19 Apr 2018

    The U.S. Supreme Court on Monday appeared divided over whether to make it easier for companies to recoup profits lost due to the unauthorized use of their patented technology overseas in a dispute involving Schlumberger NV, the world’s largest oilfield …

    Safety Advocates Accuse Tesla of Inflating Crash Reduction Data
    Thu, 19 Apr 2018

    Tesla Inc.’s ardent defense of its Autopilot system is getting heat from safety advocates who question a key data point the company has been citing to plead its case. Several times since an Autopilot-linked fatality last month, the electric-car maker …

    Traumatic Stress Claims Expected from Southwest Airlines Engine Failure
    Thu, 19 Apr 2018

    Being on an airplane more than six miles in the air when an engine blows up and sends shrapnel through a window is an experience so scary that aviation lawyers say it’s not just the family of the woman killed …

    Envelop Risk Appoints Hannover Re’s Chatterjee as Chief Underwriting Officer
    Thu, 19 Apr 2018

    Envelop Risk, a London-based cyber insurance analytics and underwriting firm, announced it has appointed Aritra (Ari) Chatterjee as chief underwriting officer. Chatterjee was formerly the lead cyber underwriter with Hannover Re (Bermuda), a line of business he helped to establish. …

    Ensurance UK Launches Combined Construction Liability Product
    Thu, 19 Apr 2018

    Ensurance UK Ltd., the niche construction and engineering managing general agent (MGA) and Lloyd’s coverholder, has launched a combined construction liability product, backed by Faraday Syndicate 435 at Lloyd’s. The new liability product extends Ensurance UK’s construction and engineering portfolio, …

    Schwarzenegger’s UK Ad Campaign Drives Hike in Claims for Mis-Sold Insurance
    Thu, 19 Apr 2018

    Complaints about financial services firms rose by 13 percent in the second half of last year, driven by an increase in grievances about the mis-selling of payment protection insurance after an ad campaign featuring Arnold Schwarzenegger. Complaints to the Financial …

    Spanish Mayor Offers Gibraltar’s Insurers a Solution for Post-Brexit Access to EU
    Thu, 19 Apr 2018

    A small town mayor from southern Spain is offering Gibraltar-based insurers a way to retain access to the European Union single market after Britain leaves the bloc next year. Juan Franco of La Linea on the southern tip of the …

    Blockchain Revolution to Hit Shipping Industry – with Potentially Huge Cost Savings
    Thu, 19 Apr 2018

    Globalization has brought the most advanced trading networks the world has seen, with the biggest, fastest vessels, robot-operated ports and vast computer databases tracking cargoes. But it all still relies on millions and millions of paper documents. That last throwback …

    AssuredPartners Promotes Larsen to Western Regions President
    Thu, 19 Apr 2018

    Randy Larsen has been promoted to president of Western Regions for AssuredPartners Inc. He is based in Kansas City, Missouri. Larsen started his career in 1986 in the banking industry at American National Bank in Scottsdale, Arizona. In 1998, after …

    AssuredPartners in Florida Promotes Deal, Lowe
    Thu, 19 Apr 2018

    AssuredPartners, Inc. has announced two promotions at its company headquarters in Lake Mary, Fla. Steve Deal has been promoted to president of Eastern Regions, reporting to President and COO Tom Riley. Deal will work within the existing operational structure to …

    North Carolina Homeowners Insurers Agree to 4.8% Rate Increase
    Thu, 19 Apr 2018

    The North Carolina Department of Insurance has reached a settlement with the North Carolina Rate Bureau on homeowner insurance rates that will increase rates statewide by an average of 4.8 percent. The agreement between the two parties effectively ends the …

    6 Tornadoes Confirmed in Mississippi from Weekend Storm
    Thu, 19 Apr 2018

    The National Weather Service confirms six tornadoes hit Mississippi on Saturday. Tornadoes were reported in Lafayette, Lamar, Lauderdale, Rankin and Winston counties. Surveyors say damage in Lowndes County was caused by a thunderstorm. The Lauderdale storm stretched for 8.5 miles …

    Florida Agency Owner Arrested Over $62K Premium Fraud Scheme
    Thu, 19 Apr 2018

    An insurance agency owner in Florida has been arrested after he admitted to stealing more than $60,000 in insurance premiums, according to a statement from the Florida Department of Financial Services (DFS). Michael Christopher Hensley, owner BOSC Insurance Company and …

    Patent Litigation Insurer RPX Insurance Services Partners with Great American
    Thu, 19 Apr 2018

    Great American Insurance Company and RPX Insurance Services, LLC (RPXIS), a wholly owned subsidiary of RPX Corporation, have entered into a limited binding authority agreement. Under the terms of the agreement, RPX Insurance Services, which specializes in patent litigation insurance, …