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Insurance Journal

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Insurance Journal delivers the latest business news for the Property/Casualty insurance industry
Updated: 1 day 4 hours ago

Oklahoma AG to Refile Suits Against Opioid Distributors in State Court

Wed, 02/26/2020 - 17:41
Oklahoma is dismissing its federal lawsuit against three of the nation’s largest opioid distributors and will refile new lawsuits in state court against each company individual, state Attorney General Mike Hunter said in a media release. The move comes three …

Traynor to Join Board at Louisiana’s AMERISAFE

Wed, 02/26/2020 - 17:15
Deridder, La.–based workers’ compensation insurer, AMERISAFE Inc., has elected Sean Traynor to its board of directors, effective March 1. Traynor is a general partner in the Healthcare Group of Welsh, Carson, Anderson & Stowe, which he joined in 1999. Traynor …

Oklahoma Work Comp Commission: Feb. 27 Is Last Chance to Comment on Fee Schedule

Wed, 02/26/2020 - 17:13
The Oklahoma Workers’ Compensation Commission will hold a special meeting on Feb. 27 at 9:00 a.m. in the commission chambers on the 2nd floor of the Denver Davison Building in Oklahoma City to receive the final public oral comment on …

Self-Driving EasyMile Shuttles Suspended After Passenger Injury in Ohio

Wed, 02/26/2020 - 16:58
U.S. vehicle safety regulators on Feb. 25 said they had ordered a suspension of passenger operations for 16 autonomous shuttles operated by France-based EasyMile after a passenger was injured in an unexplained braking incident. The National Highway Traffic Safety Administration …

NiSource’s Columbia Gas to Pay $53M, Plead Guilty for Massachusetts Gas Explosions

Wed, 02/26/2020 - 16:11
Columbia Gas of Massachusetts has agreed to accept responsibility for the gas explosions on Sept. 13, 2018, in Lawrence, Andover and North Andover that killed one individual, injured 22, and damaged homes and businesses. According to the terms of a …

Future-at-Lloyd’s Modernization Project Moves from Blueprint to Construction

Wed, 02/26/2020 - 16:04
Since Lloyd’s first announced the blueprint for its Future at Lloyd’s project on Sept. 30, it has been busy working to get the ideas off the page and convert them into a set of actions that can be implemented during …

PG&E Fires Contractor After Probe Involving California Wildfires

Wed, 02/26/2020 - 15:11
Pacific Gas & Electric has fired a contractor hired to haul debris from the site of a deadly 2018 Northern California wildfire, saying the company was over-billing the utility and paying “large sums of money and gifts” to two utility …

Marsh JLT Specialty Names Hanrahan Global Head of Aviation, Succeeding Harker

Wed, 02/26/2020 - 15:05
Insurance broker Marsh announced the appointment of Garrett Hanrahan as global head of Aviation, Marsh JLT Specialty. Hanrahan is succeeding Simon Harker who is retiring after 44 years in the industry. Based in Dallas, Hanrahan will report to Lucy Clarke, …

Safety Board Hits Tesla Autopilot Design, Regulator’s ‘Misguided’ Approach

Wed, 02/26/2020 - 14:20
The National Transportation Safety Board on Tuesday sharply criticized Tesla Inc.’s lack of system safeguards in a fatal 2018 Autopilot crash in California and called U.S. regulators’ approach in overseeing the driver assistance systems “misguided.” NTSB board members questioned Tesla’s …

Toyota to Offer Nationwide’s Auto Insurance Product with Telematics

Wed, 02/26/2020 - 14:04
Toyota car owners can buy insurance that promises them up to 40 percent savings for safe driving. Toyota Insurance Management Solutions (TIMS) has teamed up with Nationwide to launch what they are calling TIMS BrightDrive, a telematics offering that uses …

School Bus Crash in Upstate New York; Five Children, Two Adults Injured

Wed, 02/26/2020 - 11:48
Five children aged six to 17 and two adults were injured in a school bus accident Thursday about 60 miles northwest of New York City, according to state police. Troopers said a pick-up truck apparently rear-ended the eastbound bus on …

Insurance Office of America Appoints Tresidder as Director of Surety

Wed, 02/26/2020 - 11:46
Insurance Office of America (IOA) has added Michael J. Tresidder to its team. Tresidder has been appointed director of surety, which is a newly created position, and he will be based in IOA’s Syracuse, N.Y, office. Tresidder has more than …

Lawsuit Alleges University of Maryland Fed Gluten to Student with Celiac Disease

Wed, 02/26/2020 - 11:43
A student who has celiac disease says in a lawsuit that a Maryland state university deliberately served her food containing gluten. The lawsuit from Allegany County native Hannah Smith said the University of Maryland, College Park, violated the Americans with …

Markets Are Overreacting to Threat of Coronavirus: Allianz CEO Baete

Wed, 02/26/2020 - 10:23
Markets are overreacting to the threat of the rapidly spreading coronavirus and the global economy will only see a short-term impact, said the head of Allianz SE, Europe’s biggest insurer. Chief Executive Officer Oliver Baete said the firm was more …

QIC Global Names van der Straaten as Chief Executive Officer

Wed, 02/26/2020 - 10:07
QIC Global, the specialty insurance and reinsurance subsidiary of Qatar Insurance Group, announced the appointment of Michael van der Straaten, as CEO of QIC Global (International), effective March 1, 2020. van der Straaten will remain CEO of Qatar Re. Joe …

Zurich Insurance Partners with Cyber-Security Specialist CYE

Wed, 02/26/2020 - 09:23
Zurich Insurance Group has created a new offering together with cyber-security company CYE to shield businesses against the growing risks of cyber crime. With the partnership, Zurich’s specialist cyber insurance and risk engineering capabilities are combining with CYE’s artificial intelligence-based …

Singapore Prepares for Worst of Climate Change with $72B Defense Plan

Wed, 02/26/2020 - 08:31
Singapore has a reputation for planning ahead. When it comes to climate change, it’s planning for the worst. While governments around the world are struggling to meet the goals of the Paris agreement — keeping the global temperature increase to …

Coronavirus’ Hits to Supply Chains Could Surpass Natural Disasters: Opinion

Wed, 02/26/2020 - 08:03
Everyone is wondering when China will return to work. While it may be tempting to consider past epidemics or labor strikes to gauge how quickly that could happen, the industrial shutdown from the coronavirus is looking more like a natural …

BHSI Expands Team in Spain, Tapping Lovera from Chubb, RSA’s Sanchez

Wed, 02/26/2020 - 07:12
Berkshire Hathaway Specialty Insurance (BHSI) announced two appointments in Spain, naming Alejandro Lovera as head of Executive and Professional Lines and Silvia Sanchez as head of Operations. Lovera has spent nearly 15 years in the commercial insurance industry, most of …

Distinguished Programs Adds Schmitt as Sales Executive for Oklahoma, Texas

Wed, 02/26/2020 - 06:40
Distinguished Programs, a national insurance program manager, has hired Erick Schmitt as regional sales executive for Texas and Oklahoma. He is based in Dallas. Schmitt brings nearly 16 years of industry experience to his new executive role at Distinguished Programs. …

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