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Insurance Journal

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Insurance Journal delivers the latest business news for the Property/Casualty insurance industry
Updated: 18 hours 41 min ago

Arch Nemesis of Uber over Driver Pay Sues Before New California Law Inked

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 …

Florida-Based Main Street America Group Names Listau President, CEO; Kusch COO

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 …

Investigators Trying to Determine Cause of Overturned Cargo Ship in Georgia Port

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 …

Tornadoes, Damaging Winds Reported in Michigan, Minnesota

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 …

Louisiana Commissioner Candidate, Temple: State Is in Insurance ‘Crisis’

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. …

Organizational Change Plan OK’d by Policyholders of Wisconsin’s Jewelers Mutual

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 …

‘All Are Safe and Sound’ After Tornado Hits South Dakota Hospital

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 …

Arkansas-Missouri Border Area Rattled by Earthquake

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 …

Following Chemical Plant Fires, Texas’ Harris County to Hire More Environmental Experts

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 …

Coast Guard Issues Safety Recommendations After California Dive Boat Fire

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 …

California Lawsuit Over Profits From Fox Series “Bones” is Settled

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 …

Uber Being Sued Over Resistance to California ‘Gig’ Contractor Law

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 …

Alaska Grand Jury Indicts GE’s Baker Hughes for Exposing Workers to Toxic Chemicals

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 …

PG&E Reaches $11B Settlement Relating to California Wildfire Claims

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 …

U.K. Police Drop Probe Into Pro-Brexit Group Leave.EU, Co-Founded by Insurance Exec

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 …

Euro Zone to Launch Public Cryptocurrency in Response to Threat of Facebook’s Libra

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 …

Insurers Looking to Add Jobs in Low Unemployment, High Tech Environment

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 …

U.K. Telematics Insurer Finds Motorists 32% More Likely to Crash on Friday the 13th

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 …

Allianz Risk Names Bavishi as Deputy Regional Head of Americas

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 …

States Report 380 Cases of Lung Disease, 6 Deaths Linked to Vaping

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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