Insurance Journal Headlines

  • BreakingMGM Files Suit to Limit Liability for Las Vegas Shooting
    MGM Resorts International sued the victims of a Las Vegas music festival mass shooting in an effort to block any potential compensation claims against it. The owner of the Mandalay Bay hotel claims a 2002 federal statute wipes out liability …
    - 2 hours ago, 18 Jul 18, 5:00am -
  • BreakingU.S. Labor Judge Nixes McDonald’s Deal to Avoid Joint Employer Tag
    A judge with a U.S. labor agency on Tuesday rejected McDonald’s Corp.’s proposed settlement of a major case on whether the fast-food company is accountable for alleged labor law violations by franchisees across the country. The settlement propose…
    - 2 hours ago, 18 Jul 18, 5:00am -
  • BreakingFord to Pay Consumers $299 Million to Settle Takata Airbag Lawsuit
    Ford Motor Co. has agreed to pay $299.1 million to settle consumers’ economic-loss claims connected to Takata Corp. air-bag recalls. The settlement, filed in federal court in Miami Monday, reimburses consumers for out-of-pocket expenses and provide…
    - 2 hours ago, 18 Jul 18, 5:00am -
  • Washington Asbestos Removal Company Fined $229K for Unsafe Conditions
    An Edmonds, Wash.-based asbestos removal contractor has been cited by the Washington Department of Labor & Industries for multiple willful safety violations for improper handling of asbestos. Along with the citations, the company faces fines totaling…
    - 12 hours ago, 17 Jul 18, 6:32pm -
  • Mueller Industries Settles Disability Discrimination Suit in California for $1M
    The U.S. Equal Employment Opportunity Commission has settled a disability discrimination lawsuit in California against a global metal goods manufacturer Mueller Industries Inc. for $1 million and other injunctive relief. According to the EEOC, Memphi…
    - 12 hours ago, 17 Jul 18, 6:26pm -
  • Oklahoma City Spending to Improve Traffic Issues, Prepping for Self-Driving Cars
    A city in central Oklahoma is spending millions of dollars preparing for self-driving cars while working to alleviate traffic problems. Edmond Traffic Engineer Tom Minnick told The Oklahoman that the city is laying down infrastructure for autonomous…
    - 12 hours ago, 17 Jul 18, 6:18pm -
  • Loss Estimate for Europe’s Storm Friederike (aka DAVID) Rises to €1.7B ($2.0B): PERILS
    The third insured loss estimate for extratropical Cyclone Friederike, also known as “David,” has risen to €1.675 billion ($2.0 billion), according to PERILS, the independent Zurich-based organisation that provides industry-wide catastrophe…
    - 14 hours ago, 17 Jul 18, 4:46pm -
  • QBE, AmWINS Launch E&O Coverage for Architects, Engineers, Design Businesses
    QBE North America has formed a partnership with AmWINS Program Underwriters (APU) to offer errors and omissions coverage for architects, engineers and design (A&E) businesses. The launch is part of QBE’s initiative to expand its specialized portfol…
    - 14 hours ago, 17 Jul 18, 4:13pm -
  • Court Finds Travelers Crime Policy Covers Money Transfer Loss Due to Email Spoofing
    For the second time in about a week, a federal appeals court has sided with a commercial policyholder where the insurer denied coverage under a computer fraud provision of a crime insurance policy for a money transfer involving fraudulent emails. …
    - 15 hours ago, 17 Jul 18, 3:56pm -
  • Baylor in Texas Settles Suit with Woman Who Accused Players of Rape
    Baylor University has settled a federal Title IX lawsuit brought by a former volleyball player who alleged that she was drugged and gang raped by at least four football players in 2012. Terms of last week’s settlement with the woman, …
    - 16 hours ago, 17 Jul 18, 3:07pm -
  • Feds Investigating Crane Vs. Power Line Worker Death at Ohio Home
    The federal worker safety agency is investigating the death of a man in southwest Ohio who was electrocuted when a crane touched a power line at a home under construction. WLWT-TV reports the accident occurred last week in Butler County’s …
    - 16 hours ago, 17 Jul 18, 3:05pm -
  • Passenger Bus Crash in New Mexico Kills 3, Injures 24
    A crash involving a commercial passenger bus and three other vehicles on a New Mexico highway early Sunday killed three people and injured 24 others, some critically, authorities said. One of the people killed was in a car that struck …
    - 16 hours ago, 17 Jul 18, 2:39pm -
  • The Dentists Insurance Co. in California Names Spinelli CEO
    The boards of directors for the Sacramento, Calif.-based Dentists Insurance Co., Northwest Dentists Insurance Co. and Dentists Benefits Insurance Co. have named Bob Spinelli president and CEO. In addition to leading all operations at TDIC, DBIC and N…
    - 16 hours ago, 17 Jul 18, 2:35pm -
  • RMS Strengthens Asia-Pacific Capabilities in Version 18 of Modeling Software
    RMS, the Newark, Calif.-based risk modeling and analytics firm, announced it has strengthened the Asia Pacific capabilities of its Version 18 catastrophe risk management software. The Asia Pacific model suit is being expanded to include new peril mod…
    - 16 hours ago, 17 Jul 18, 2:22pm -
  • Business Council Touts Workers’ Comp Savings in New York
    The Business Council of New York State Inc. has touted the newly approved 11.7 percent reduction in loss cost rates, which are the basis for setting workers’ compensation premiums for 2019, as being significant toward workers’ compensation saving…
    - 17 hours ago, 17 Jul 18, 1:29pm -
  • Chubb Hires Everest’s Watt to Lead North America Claims
    Chubb has appointed Megan Watt, as executive vice president, head of North America Claims. In this role, she will lead all aspects of Chubb North America claims management, service and administration for the commercial and personal insurance business…
    - 17 hours ago, 17 Jul 18, 1:24pm -
  • KBW Hires Sarkar to Its Insurance Investment Banking Group in New York
    Keefe, Bruyette & Woods Inc. (KBW), a full-service, boutique investment bank and broker-dealer that specializes in the financial services sector and a wholly owned subsidiary of Stifel Financial Corp., has hired Rajib Sarkar as managing director in i…
    - 17 hours ago, 17 Jul 18, 1:19pm -
  • Supreme Court Nominee Kavanaugh Seen as Business Friend, Regulation Skeptic
    Brett Kavanaugh could add a powerful new voice on the Supreme Court to restrain what government agencies can do, ushering in a new era of tougher scrutiny of federal regulations loathed by businesses. In a dozen years on the U.S. …
    - 17 hours ago, 17 Jul 18, 1:14pm -
  • Connecticut’s CMIC Hires Cronin as Director of Underwriting
    CMIC, a Glastonbury, Conn.-based, member-owned medical professional liability insurance company, has hired Garrett P. Cronin to the CMIC Group team as the director of underwriting. Prior to joining CMIC, Cronin worked for Chubb Corporation as a natio…
    - 18 hours ago, 17 Jul 18, 12:59pm -
  • Travelers: Use Current Auto Insurance Model for Autonomous Future
    Auto insurance should continue to be the primary compensation model for accident victims as the driving population transitions to and then fully adopts autonomous vehicles, according to the insurer that issued the nation’s first auto liability poli…
    - 18 hours ago, 17 Jul 18, 12:53pm -

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