Insurance Journal delivers the latest business news for the Property/Casualty insurance industry
Updated: 18 hours 41 min ago
Fri, 09/13/2019 - 18:18
It didn’t take long for attorney Shannon Liss-Riordan to deploy a new weapon in her six-year war with Uber Technologies Inc. over driver pay. Within hours of Uber thumbing its nose at a pending California labor law that could upend …
Fri, 09/13/2019 - 16:59
The Main Street America Group, a super-regional property/casualty insurance company, has announced Chris Listau, the company’s current president of insurance operations, will succeed Tom Van Berkel as president and CEO. Van Berkel will retire on Sept. 30, 2019, after being …
Fri, 09/13/2019 - 16:49
As authorities try to answer why a cargo ship carrying 4,200 vehicles overturned on the Georgia coast, maritime experts say investigators will be looking for shifting cargo or other problems that upset the giant vessel’s balance enough to make it …
Fri, 09/13/2019 - 16:36
The National Weather Service says a tornado ripped through a cemetery in southeastern Minnesota. The EF-1 tornado with winds of 95 mph struck Woodlawn Cemetery in Winona early Wednesday. The tornado toppled trees and damaged a building and headstones. The …
Fri, 09/13/2019 - 16:28
When Louisiana voters go the polls this fall, in the race for insurance commissioner they’ll have a choice between Louisiana businessman and longtime insurance industry executive, Tim Temple, and current commissioner, Jim Donelon, who has held the post since 2006. …
Fri, 09/13/2019 - 16:26
Policyholders of Neenah, Wisconsin-based Jewelers Mutual Insurance Co. have approved the company’s plan to convert its corporate structure to a mutual holding company. Policyholders voted Sept. 12 to approve the conversion. The plan received 87.1 percent support from votes cast …
Fri, 09/13/2019 - 16:20
When the warning sounded shortly before midnight that a tornado could be approaching, the clock turned into a stopwatch for staff members working the night shift at a behavioral health center at a Sioux Falls hospital. “We had 10 minutes …
Fri, 09/13/2019 - 16:18
No damage or injuries have been reported after an early Thursday morning earthquake struck near the border of Missouri and Arkansas. The U.S. Geological Survey says the 3.7-magnitude earthquake was recorded early on Sept. 12 in the Buffalo National River …
Fri, 09/13/2019 - 16:16
Harris County plans to hire additional environmental personnel to better respond to dangerous chemical plant and refinery fires like ones that occurred this year near the Houston Ship Channel. The Houston Chronicle reports county commissioners have approved an $11.6 million …
Fri, 09/13/2019 - 15:06
The Coast Guard announced it has issued new safety recommendations in the wake of a fatal boat fire off the Southern California coast that killed 34 people. The agency recommended limiting the unsupervised charging of lithium-ion batteries and the use …
Fri, 09/13/2019 - 15:03
A lawsuit over profits between the producers and stars of the show “Bones” and 21st Century Fox has been settled. The two sides in the long-running lawsuit over the hit Fox TV show filed documents saying the lawsuit was settled …
Fri, 09/13/2019 - 14:58
A driver for Uber has sued the company for misclassifying its drivers as independent contractors, hours after California legislators voted to help thousands of those workers become, and enjoy the benefits of being, employees. The proposed class action filed on …
Fri, 09/13/2019 - 14:54
A grand jury in Alaska this week indicted General Electric’s Baker Hughes, two of its subsidiaries and an employee, for 25 felony charges of assault relating to toxic chemical releases at a construction site, according to authorities. The indictment charges …
Fri, 09/13/2019 - 14:51
ower producer PG&E Corp. said on Friday it has reached an $11 billion settlement agreement with entities representing about 85% of insurance subrogation claims relating to 2017 and 2018 wildfires. The company said these claims were based on payments made …
Fri, 09/13/2019 - 13:24
U.K. police dropped an investigation into whether Brexit supporting campaign Leave.EU breached electoral law, saying there was insufficient evidence to justify any further criminal probe. While Leave.EU made some “technical breaches” of the law when it comes to the spending …
Fri, 09/13/2019 - 13:03
Euro zone governments and central banks are working on a long-term plan to launch a public digital currency that they hope would make redundant projects like Facebook’s Libra, which is seen as a risk to financial stability, officials said on …
Fri, 09/13/2019 - 12:55
About 62 percent of insurance companies polled said they intend to increase staff in the next 12 months, according to the latest U.S. Insurance Labor Outlook Study conducted by recruitment firm The Jacobson Group and insurance and professional services firm …
Fri, 09/13/2019 - 12:47
Analysis of almost five billion miles of driving data and associated claims in the U.K. shows that Friday is the most likely day for motorists to have a road traffic incident, and when it falls on the 13th of the …
Fri, 09/13/2019 - 12:46
Allianz Global Corporate & Specialty has appointed Parag Bavishi as deputy regional head of the Americas with its Alternative Risk Transfer (ART) division. In this role, Bavishi will lead ART’s structured corporate and integrated business. As vice president of Underwriting …
Fri, 09/13/2019 - 12:34
The Centers for Disease Control and Prevention updated the number of confirmed and probable cases of lung disease associated with e-cigarette product use, or vaping, to 380. As of September 11, cases were reported by 36 states and the U.S. …
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