Insurance Journal Headlines

  • NSAIDs Overtake Opioids as Top Workers’ Comp Drug in California
    Non-steroidal anti-inflammatories, or NSAIDs, have supplanted opioids as the most common therapeutic drug group prescribed to injured workers in California, according to a new California Workers’ Compensation Institute study. The study also finds t…
    - 2 days ago, 15 Feb 19, 9:18pm -
  • Texas Bill Would Protect First Responders’ Work Comp Claims from Illegal Denials
    A bill recently filed in the Texas House of Representatives would penalize insurers that illegally deny Texas first responders access to medical treatment for line-of-duty injuries covered under state workers’ compensation laws. According to one of…
    - 2 days ago, 15 Feb 19, 5:08pm -
  • Wyoming Avalanche Causes Damages, No Injuries
    Heavy snowfall caused an avalanche in Wyoming. Snow tumbled onto a highway in northwest Wyoming, damaging one car but not injuring anyone. The Wyoming Department of Transportation says an avalanche occurred around noon Wednesday and sent snow onto U.…
    - 2 days ago, 15 Feb 19, 4:17pm -
  • Lockheed Martin Sued for Fraud over Washington Nuclear Site
    The U.S. Justice Department is accusing Lockheed Martin Corp. of using false records and making false statements to bill the Energy Department for tens of millions of dollars in unauthorized profits and fees at the Hanford Nuclear Reservation in Wash…
    - 2 days ago, 15 Feb 19, 4:14pm -
  • Ryan Specialty Group to Acquire Texas’ Myron F. Steves & Co.
    Chicago-based Ryan Specialty Group LLC has reached an agreement to acquire the assets and operations of Myron F. Steves & Co. (Myron Steves), an independently owned wholesale insurance brokerage headquartered in Houston, Texas, with additional office…
    - 2 days ago, 15 Feb 19, 3:49pm -
  • Washington Business Owner And Mom Charged with Insurance Fraud
    Two Yakima County, Wash. residents were charged in Superior Court this week in connection with separate auto insurance fraud claims. The charges followed investigations by Insurance Commissioner Mike Kreidler’s Criminal Investigations Unit. William…
    - 2 days ago, 15 Feb 19, 3:44pm -
  • Mudslides Carry Away Homes, Water Rescues Needed in California Storm
    Motorists swam for their lives and residents were rescued from homes sliding downhill as the wettest winter storm of the year triggered floods and mudslides across California on Thursday. In Sausalito, just across the Golden Gate Bridge from San Fran…
    - 2 days ago, 15 Feb 19, 3:35pm -
  • Asia-Pacific SMEs Are Over-Confident About Their Cyber Preparedness: Chubb
    A significant perception gap exists between the cyber awareness and cyber preparedness at small and medium enterprises in some Asia-Pacific countries, according to a Chubb survey titled “Too Small to Fail?” The Chubb survey of 1,000 SMEs across S…
    - 2 days ago, 15 Feb 19, 3:32pm -
  • State Farm Announces 4.9% Auto Insurance Rate Decrease in Virginia
    State Farm Mutual Automobile Insurance Company will cut its rates in Virginia for the second time in two years. As a result, its overall personal auto rate will drop by 4.9 percent. The total state-wide expected impact for State Farm …
    - 2 days ago, 15 Feb 19, 2:54pm -
  • N.Y. Construction Worker Injured by Steel Plate
    Police in Long Island, N.Y., say a construction worker has his legs severed below the knee when a steel plate knocked him into a hole and landed on him. Officials say the unidentified 39-year-old man was working to install a …
    - 2 days ago, 15 Feb 19, 2:47pm -
  • Troubled Delaware Poultry Plant Reports Wastewater Spill
    State environmental officials say a southern Delaware poultry processing facility with a history of wastewater violations has reported an accidental discharge of up to 1 million gallons of partially treated wastewater. Officials say Arkansas-based Mo…
    - 2 days ago, 15 Feb 19, 2:44pm -
  • EPA Readies ‘Forever Chemical’ PFA Safety Plan Amid Calls for Tougher Action
    The Environmental Protection Agency is expected to announce a plan for dealing with a class of long-lasting chemical contaminants amid complaints from members of Congress and environmentalists that it’s not moved aggressively enough to regulate the…
    - 2 days ago, 15 Feb 19, 2:22pm -
  • Insurtech-Driven MGA, Agile, Appointed as StarStone Partner in Australasia
    Agile Underwriting Services Pty Ltd., the insurtech-driven managing general agency (MGA) and Lloyd’s coverholder, announced it has been appointed as a representative agent for global specialty insurer, StarStone, in Australia and New Zealand. Agile…
    - 2 days ago, 15 Feb 19, 1:51pm -
  • Hanover Partners with RSA Group to Expand International Specialty Offerings
    The Hanover Insurance Group, Inc. has a new agreement with the multinational insurer RSA Group to join its global network as a U.S. strategic network partner. This relationship expands The Hanover’s international specialty capabilities for domestic…
    - 2 days ago, 15 Feb 19, 1:34pm -
  • What’s Next for Brexit? Options Include Disorderly, Delayed or No Brexit
    Britain’s parliament last month demanded Prime Minister Theresa May renegotiate a Brexit divorce deal that the other members of the European Union say they will not reopen. With just six weeks until the United Kingdom is due by law to …
    - 2 days ago, 15 Feb 19, 12:30pm -
  • Hub International Acquires Assets of Toronto-Based Firstbrook Pointon Benefits
    Hub International Ltd., the Chicago-based insurance broker, announced it has acquired the assets of Firstbrook Pointon Benefits Inc. Terms of the transaction were not disclosed. Based in Toronto, Ontario in Canada, Firstbrook Pointon Benefits is a fu…
    - 2 days ago, 15 Feb 19, 10:35am -
  • Insurer Lancashire to Use Lloyd’s EU Hub in Brussels After Brexit
    Property and casualty insurer Lancashire Holdings Ltd will use insurance market Lloyd’s of London’s European Union hub in Brussels after Britain leaves the European Union, its top boss told Reuters. “We have negotiated with Lloyd’s and we wil…
    - 2 days ago, 15 Feb 19, 10:01am -
  • UK PM May Scrambles to Find Brexit Compromise as Clock Ticks Down
    British Prime Minister Theresa May is preparing to compromise with the European Union over the future of Ireland’s border, with just two weeks left to save her Brexit deal. Brexit Secretary Stephen Barclay privately told the EU’s chief negotiator…
    - 2 days ago, 15 Feb 19, 9:53am -
  • Allianz Q4 Net Profit Rises 19% to $1.92 Billion
    Allianz may slow its share buyback program after the one announced this week to allow the German insurer to make small acquisitions, the group’s finance chief said on Friday after reporting a 19 percent rise in fourth quarter profit. Allianz …
    - 2 days ago, 15 Feb 19, 9:35am -
  • Dubai International Airport Suspends Flights over Suspected Drones
    Flights from Dubai International Airport were suspended for half an hour starting from 10:13 a.m. local time over “suspected drone activity,” a Dubai Airports spokesperson said in an emailed statement. A hub for Emirates airlines, the airport in…
    - 2 days ago, 15 Feb 19, 9:05am -
  • Hubbell Promoted to Chief Risk Officer at TDECU
    Michael Hubbell, who has served as vice president of Risk Management for TDECU – Your Credit Union, has been appointed chief risk officer for the Lake Jackson, Texas-based credit untion. Hubbell will report to the credit union’s President an…
    - 2 days ago, 15 Feb 19, 7:11am -
  • Travelers to Provide Auto Insurance for Lexus Complete Lease Program
    The Travelers Companies, Inc. will be the auto insurance provider for the new Lexus Complete Lease, a two-year, 20,000-mile lease program for the Lexus UX compact crossover vehicle. The full-service leasing option bundles the cost of the vehicle, aut…
    - 2 days ago, 15 Feb 19, 6:10am -
  • Natural Gas Company to Pay $3.15M Fine for Polluting West Virginia Waterways
    A Colorado-based natural gas producer has agreed to pay a $3.15 million civil penalty to resolve pollution violations at 32 drilling sites in West Virginia. The U.S. Department of Justice says in a news release the agency and the West …
    - 2 days ago, 15 Feb 19, 6:02am -
  • Look Who Is Betting on the Agency System
    According to some pundits, buyers should all be online and the agency system should be dead by now. However, it appears not everyone got that memo. Here are some recent examples of companies, techies and investors betting on agents and …
    - 2 days ago, 15 Feb 19, 6:00am -
  • New Ventures, Driver Shortage Among Challenges in Trucking Insurance Market
    The transportation industry is considered a barometer of the U.S. economy. If freight is trending up, so too is the U.S. economy. But capacity constraints for trucking – including a shortage of qualified drivers, low truck supply and the rising …
    - 2 days ago, 15 Feb 19, 6:00am -
  • Kentucky Governor Voices Support for Medical Marijuana as Legislature Weighs Bill
    Kentucky Gov. Matt Bevin spoke about his support for legalizing medical marijuana in highly personal terms on Tuesday, telling a community forum that his teenage nephew died after fighting “a very hard battle with cancer.” Asked about his stance…
    - 2 days ago, 15 Feb 19, 5:54am -
  • Famed Beachside Bar in Florida Panhandle Destroyed by Fire
    Fire officials in Florida’s Panhandle say a fire has destroyed a famed beachside restaurant and bar. The South Walton Fire District said in a Facebook posting that crews responded to the Red Bar around 6 a.m. Wednesday. Several roads in …
    - 2 days ago, 15 Feb 19, 5:19am -
  • Yamazaki Colwell Joins Alliant in Atlanta
    Yumi Yamazaki Colwell has joined the Employee Benefits Group of Alliant in Atlanta as first vice president. Yamazaki Colwell has experience in the global automotive/manufacturing industry, particularly in the U.S. and Asia, and will provide a full ra…
    - 2 days ago, 15 Feb 19, 5:00am -
  • NTSB: Ohio Medical Helicopter Made ‘Sharp Left Turn’ Before Fatal Crash
    An Ohio medical helicopter on its way to pick up a hospital patient made “a sharp left turn” before a crash that killed three people including the pilot last month, according to a preliminary federal report. The report released by …
    - 2 days ago, 15 Feb 19, 1:22am -
  • Iowa Embassy Suites Hotel Settles with Woman Who Was Raped in Her Room
    An Iowa hotel has settled a lawsuit with a New Jersey woman who was raped and battered after the front desk gave the attacker her room key. Attorneys for Cheri Marchionda say the operators of the Embassy Suites Hotel in …
    - 2 days ago, 15 Feb 19, 1:11am -

Canada Insurance News


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  • How expert witness restrictions impact insurers
    Insurance Corporation of British Columbia will save millions as a result of new auto injury lawsuit rules for the province, which will likely cut costs for other carriers as well, the provincial government says. ICBC, which is losing over $1…The p…
    - 2 days ago, 15 Feb 19, 8:11pm -
  • Atlantic Canada brokerage acquires family-owned operation
    Archway Insurance, one of Atlantic Canada’s largest brokerages, has announced the acquisition of family brokerage George Mitchell Insurance in Liverpool, N.S. Amherst, N.S.-headquartered Archway announced the acquisition Thursday. Effective Fe…
    - 2 days ago, 15 Feb 19, 8:02pm -
  • Captive insurance programs target commercial auto in Canada
    - 2 days ago, 15 Feb 19, 7:57pm -
  • How to keep clients happy if their auto premiums skyrocket
    A huge hike in auto rates does not mean your client has to be disgruntled. “There are things that insurers can do to soften the blow when [auto] insurance rate actions need to be taken,â€� Tom Super, director of the…The post How to keep…
    - 2 days ago, 15 Feb 19, 7:24pm -
  • Sinkhole prompts evacuation order for 14 B.C. homes
    SECHELT, B.C. – Residents of an upscale neighbourhood on British Columbia’s Sunshine Coast will officially be barred from returning to their dream homes today. Sinkholes throughout the subdivision have prompted the District of Sechelt to issue ev…
    - 2 days ago, 15 Feb 19, 6:28pm -
  • Opta acquires getClarity: linking property and risk data with consumer profiles
    With its recent acquisition of getClarity, Opta Information Intelligence is expanding into the area of customer and prospect behaviour. Opta is Canada’s largest property data aggregator and a provider of risk intelligence and loss control serv…
    - 3 days ago, 14 Feb 19, 8:57pm -
  • How your client’s directors could be blamed for cyber losses
    Cyber risk awareness is on the rise among corporate directors, who could face liability risk if they are accused of being lax on governance. “Corporate clients are more likely to be aware today, compared to a few years ago, of…The post How y…
    - 3 days ago, 14 Feb 19, 8:55pm -
  • Judge questions wildfire mitigation plan
    SAN FRANCISCO – A U.S. judge who has berated Pacific Gas & Electric Corp. for its role in California wildfires demanded Thursday that the utility answer more questions about its efforts to clear trees and branches that can fall on…The post Judge…
    - 3 days ago, 14 Feb 19, 8:53pm -
  • What could have happened to Economical if it had rejected demutualization
    Amalgamation with another insurer and going into run-off were among the options considered by Economical Insurance directors before the Waterloo, Ont. carrier started the demutualization process in 2015. Mutual policyholders of Economical are schedul…
    - 3 days ago, 14 Feb 19, 8:51pm -
  • The type of claims that may arise from legalization of cannabis edibles
    With the upcoming legalization of edibles containing cannabis this October, Canadian claims adjusters may see more indirect injury loss and damage claims, suggests a lawyer with Field Law in Calgary. Compared to regular smoked marijuana, edibles have…
    - 3 days ago, 14 Feb 19, 8:49pm -

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