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News – Insurance Journal

11/14/2019 01:00 AM
FAA Chief Vows Improved Safety Reviews of New Aircrafts and Pilot Technology
Aviation regulators around the world need to do a better job of assessing hazards in aircraft designs and understanding how pilots might be tripped up by complex technology in the wake of the two fatal crashes on Boeing Co.’s 737 …

11/14/2019 01:00 AM
CAC Specialty Names Schaper in Colorado to Lead Real Estate Practice
CAC Specialty has named Chelley Schaper senior vice president in Denver Colo. Schaper has more than 20 years of experience, including 16 years at Lockton working with complex risk accounts, with a specialization in the real estate industry. Most recently, …

11/14/2019 01:00 AM
FBI Warns on Rise in Sophisticated Cyber Crimes
On Dec. 14, 2018, Aaron Cole was about to buy a new house and received an email that he thought was from his title company, directing him to make a $123,000 deposit. Cole complied, not realizing that a sophisticated hacker …

11/14/2019 01:00 AM
Golden Bear in California Names Shreve Vice President
Golden Bear Insurance Co. in California has named Gary Shreve vice president and primary casualty manager. Shreve has more than 30 years of experience. He began his career with the Aetna Casualty & Surety Co. as a multi-line underwriter. He’s …

11/14/2019 12:54 AM
LLoyd’s Broker SSL Endeavour to Launch Latin America-Focused MGA in Miami
Specialist independent Lloyd’s broker and delegated authority expert SSL Endeavour Limited (SSL Endeavour) will launch a managing general agent (MGA) based in Miami, and a trio of senior hires to support growth in Latin America. Set to begin Jan. 1, …

11/14/2019 12:49 AM
Mercury Adds Landlord Insurance in California
Mercury Insurance has introduced landlord insurance in California designed to help protect people with rental properties. Landlord insurance covers the costs to repair rental properties if they’re damaged by fires, lightning, wind, hail and other covered losses, lost rental income …

11/14/2019 12:22 AM
Kentucky Man Accused of Burglarizing 17 Homes for Scrap Metal
Police in Kentucky say they’ve arrested a prolific thief, a man who they say broke into 17 homes within a few miles (kilometers) of each other. They say he wasn’t going for high-end appliances, cash or jewelry: He was in …

11/14/2019 12:08 AM
Scientists Focus On Wiregrass Region of Alabama, Georgia for Tornado Study
Tornado researchers want to know more about how tornadoes form from squall lines in the Wiregrass region of Alabama and Georgia. That part of the South is of interest to Chris Weiss, a professor of atmospheric science at Texas Tech …

11/14/2019 12:04 AM
Insurtech Root Expands Into Renters Market; Product Launched in 3 States
Root Insurance, a property casualty insurtech, has launched a streamlined renters insurance designed and personalized for consumers starting at $6 a month. In addition to covering customers’ personal property and liability from accidents, the new Root renters insurance product pays …

11/13/2019 03:37 PM
Ringleader of Family Arson Crew in California Pleads Guilty in $4M Operation
Tyler Chen, 48, pleaded guilty this week in the Santa Clara County Superior Court in California following his arrest on multiple felony counts of insurance fraud and arson for his role in setting fires in a $4 million fraud scheme. …

11/13/2019 02:30 PM
Introducing School of Risk Management and Insurance at Cal State University Fullerton
What’s in a name? In one case, a new name – one with all the sex appeal that “insurance” can add to a title – has people like Framroze Virjee, president of California State University Fullerton, visibly stoked. “This is …

11/13/2019 01:06 PM
AM Best Comments on Credit Ratings of California Insurance Co. Following Regulatory Action
AM Best on Wednesday said the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings of “a” of California Insurance Co. and its pooled insurance affiliates, collectively referred to as North American Casualty Group, remain under review …

11/13/2019 12:45 PM
Nearly 30 Kansas Counties, Cities Suing the Opioid Industry
More than two dozen cities and counties across Kansas have sued the opioid industry, from a small town with a population of 150 near the Colorado border to the state’s most populous county at its opposite end. More may still …

11/13/2019 12:43 PM
Serious Workplace Safety Violations Found After Attacks at Iowa Psych Hospital
Regulators have recommended a nearly $73,000 fine against the Iowa Department of Human Services after finding serious workplace safety violations at a state-run psychiatric hospital where several employees have been assaulted by combative patients. Staffers at the Independence Mental Health …

11/13/2019 12:28 PM
Environmental Impact of Texas Petrochemical Plant Fire Unclear
Researchers are uncertain about the environmental impact of toxic chemicals used to extinguish a three-day blaze at a Houston-area petrochemical storage facility after some leaked into a busy commercial waterway. The fire at the Intercontinental Terminals Company facility in Deer …

11/13/2019 12:26 PM
10 Hospitalized After Flu Shot Mix-Up at Oklahoma Facility
Ten people at an Oklahoma care facility for people with intellectual disabilities were hospitalized after they were apparently accidentally injected with what’s believed to be insulin rather than flu shots, authorities said. Emergency responders were called last week to the …

11/13/2019 12:26 PM
Ohio’s Zito Insurance Agency Acquired by Risk Strategies
Risk Strategies, a privately held, national insurance brokerage and risk management firm, has acquired Zito Insurance Agency, a full service firm headquartered in Mentor, Ohio, northeast of Cleveland. Terms of the deal were not announced. Founded in 1963, Zito is …

11/13/2019 12:24 PM
Ludwig Named Co-Chief Operating Officer of Alliant Specialty in Fort Worth
Alliant Insurance Services has named John Ludwig has been named co-chief operating officer of Alliant Specialty. He is based in Fort Worth, Texas. Ludwig will work alongside Alliant Specialty Co-COO Michael Cusack to further Alliant’s proven strategy through strategic hires, …

11/13/2019 11:54 AM
HUB Names Virdi as Chief Cannabis Insurance Sales Officer
Insurance broker HUB International recently named Jay Virdi as its chief sales officer for its cannabis insurance and risk services in the U.S. and Canada. As chief sales officer, Virdi will focus on further developing expertise and resources across the …

11/13/2019 11:20 AM
AM Best Revises Outlooks to Negative for Pennsylvania’s Farmers
AM Best has revised the outlooks to negative from stable and affirmed the financial strength rating of B+ (good) and the long-term issuer credit rating of “bbb-” of Farmers Mutual Fire Insurance Company of McCandless Township (Farmers), based in Wexford, …

11/13/2019 11:05 AM
‘Problematic’ Cannabis Use Has Risen for Adults, Teens Since Legalization: Research
Problematic use of marijuana among adolescents and adults increased after legalization of recreational marijuana use, according to a new study from New York University’s Grossman School of Medicine and Columbia University’s Mailman School of Public Health. Published online November 13 …

11/13/2019 10:56 AM
Widow Sues Dive Boat Owner in Fire off California That Killed 34
The widow of a passenger who died in a fiery dive boat disaster that killed 34 people in the waters off California sued the vessel’s owners this week. Christine Dignam, whose husband, Justin Dignam, died when the Conception caught fire …

11/13/2019 10:51 AM
Uber Fights Decision by Los Angeles to Suspend Scooter, Bike Rental Permit
The Uber subsidiary Jump is fighting the suspension of its permit to rent electric scooters and bikes in Los Angeles. The city suspended Jump’s operating permit in October for not complying with a rule requiring such companies to transmit data …

11/13/2019 10:42 AM
Fixing Ride-Hailing Will Take Fewer But Better Drivers, More Money: Viewpoint
Your mother probably told you never to get in a car with a stranger. The multibillion-dollar global ride-hailing industry depends on your ignoring her. If they want to earn that trust, though, companies need to rethink the tradeoff they’ve long …

11/13/2019 10:29 AM
Swiss Re Names Mazzoleni Neglén as Head of Customer Experience, Global Sales
Swiss Re Corporate Solutions (SRCS) has appointed Loredana Mazzoleni Neglén as head Customer Experience & Global Sales Steering, effective Feb. 1, 2020. In this newly created role, Mazzoleni Neglén “will be responsible for supporting SRCS to better understand and address …

11/13/2019 09:11 AM
Praedicat Develops Named Peril Casualty Insurance Product via Lloyd’s Lab
Praedicat, Inc., the Los Angeles-based liability risk analytics software company, announced it is developing a new insurance product designed to help global industrials secure coverage for innovative and essential products and chemicals that are typically excluded or under-insured in standard …

11/13/2019 08:48 AM
Employee Lawsuit Claims McDonald’s Fails to Address Sexual Harassment
Mc Donald’s Corp. was sued on Tuesday by workers in Michigan who accused the fast-food chain of allowing pervasive sexual harassment to flourish at its restaurants nationwide. The proposed class action lawsuit filed in a Michigan state court accused McDonald’s …

11/13/2019 08:27 AM
How Brokers Influence Specialty Insurance Product Innovation
In an era of insurance transformation, where process simplification and flawless customer service are expected, innovation in policy and product is a must—especially when it comes to the non-traditional coverage aspects of specialty insurance. Whether it’s reputational, cyber, gig economy …

11/13/2019 07:45 AM
Flooding in Northern England Becomes U.K. Election Issue
Boris Johnson deployed extra troops to help flood-hit parts of Northern England as he tried to ensure that a natural disaster didn’t damage his election chances. The prime minister convened a meeting of the government’s “Cobra” emergency committee on Tuesday …

11/13/2019 07:02 AM
Fires Continue to Rage in Australia’s Most Populous State, New South Wales
Ferocious wildfires were burning at emergency-level intensity across Australia’s most populous state and into Sydney’s suburbs on Tuesday as authorities warned most people in their paths that there was no longer time to flee. New South Wales state is under …

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