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News – Insurance Journal

06/19/2018 01:00 AM
Baseball Pitch Tracking Graphics Caught in Patent Brawl
The virtual strike zone has been a feature of televised baseball games for almost two decades. The graphical overlay shows viewers in real time whether a pitch is too high, too low, or just nicks the corner with a backdoor …

06/19/2018 01:00 AM
Fujifilm Sues Xerox for Failed Merger, Citing Lack of ‘Shareholder Democracy’
Fujifilm Holdings Corp. sued Xerox Corp. on Monday for well over $1 billion, faulting the printer and copier company for succumbing to pressure from activist investors Carl Icahn and Darwin Deason in calling off a proposed merger. In a complaint …

06/19/2018 01:00 AM
Tesla Severance Agreement Seeks Worker Safety Complaints
Language in a confidential severance agreement Tesla Inc. is using as part of the biggest job cut in its history is likely to deter dismissed employees from going public with worker safety concerns, according to employment-law experts. A proposed severance …

06/19/2018 12:59 AM
New HomeProtect Water Damage Program Reimburses Homeowners Insurance Deductible
Flo Technologies, Inc., provider of leak prevention systems to prevent water damage in homes, has launched a reimbursement program called HomeProtect that will pay back homeowners for their insurance deductibles up to $2,500 per year if their Flo-equipped home suffers …

06/19/2018 12:36 AM
North Carolina City Sued by Residents Over Hurricane Matthew Dam Repairs
Some homeowners are suing a North Carolina city to get dams that were compromised by Hurricane Matthew repaired. The Fayetteville Observer reported residents from four neighborhoods say the city should rebuild the dams even though they are privately owned. The …

06/19/2018 12:26 AM
Citizens to Implement New Lobbyist Registration System Aug. 1
Citizens Property Insurance Corp., the Florida state-run insurer of last resort, has devised a new policy requiring lobbyists seeking to lobby the insurer to register via a new online registration system. The new corporate policy comes in response to a …

06/19/2018 12:22 AM
Mississippi Highway Patrol to Pay $500K in Lawsuit Over Fatal Wreck
The Mississippi Highway Patrol is paying $500,000 in a lawsuit over a fatal wreck that happened when a state trooper was driving fast on a dark highway without his blue lights flashing. The crash happened about 1:30 a.m. on May …

06/18/2018 08:45 PM
Iowa Supreme Court Rules Union Workers May Sue for Wrongful Discharge
Two former Iowa Workforce Development judges may sue the agency for wrongful discharge after the Iowa Supreme Court made significant rulings in their cases on June 15 that could have broad implications for other state workers. Susan Ackerman sued in …

06/18/2018 03:51 PM
Risk Strategies Acquires Craford Benefit Consultants in California
Risk Strategies has acquired San Rafael, Calif.-based Craford Benefit Consultants. Terms of the deal were not disclosed. Craford is an employee consulting and benefits brokerage firm that also has offices in Portland, Ore. and Charlotte, N.C. Risk Strategies is a …

06/18/2018 03:45 PM
Maggie Bender-Johnson Named President of Warren G. Bender in California
Sacramento, Calif.-based Warren G. Bender Co. has named Maggie Bender-Johnson president. Bender-Johnson, formerly vice president of operations, has been a part of Warren G. Bender since 2005. Her father, Stephen Bender, who formerly was president and CEO, will remain the …

06/18/2018 12:53 PM
Last Defendant in Louisiana’s Camp Minden Explosion Case Owes $149K
The last defendant pleaded guilty to conspiracy and agreed that he owes the federal government $149,000 in a case involving a huge explosion at a Louisiana National Guard-owned site. William Terry Wright’s plea agreement was described in news release June …

06/18/2018 12:40 PM
Michigan’s Kellogg Company Recalls Honey Smacks Due to Salmonella Potential
The Kellogg Company, based in Battle Creek, Mich., is voluntarily recalling some of its Honey Smacks cereal after salmonella infected 73 people in 31 states. The Centers for Disease Control and Prevention says most of the outbreaks were in California, …

06/18/2018 12:32 PM
Feds Sue G2 Corporation, Alleging Sex Harassment at Texas Facility
G2 Corporation, doing business as Screen Tight, violated federal law by subjecting a female worker in the Patio Screen Door Fabrication warehouse in Corsicana, Texas, to unwelcome physical and verbal sexual harassment at the hands of her production manager and …

06/18/2018 12:30 PM
Illinois’ Amsted Rail to Pay $4.4M for Discriminatory Hiring Practices
Amsted Rail Co. Inc., which manufactures steel castings for the rail industry, will pay $4.4 million and furnish other relief to settle a class disability discrimination lawsuit filed by the U.S. Equal Employment Opportunity Commission (EEOC). The EEOC charged the …

06/18/2018 12:26 PM
Appalachian Underwriters Hires Duran as Texas External Marketing Rep
Appalachian Underwriters Inc. has added Armando Duran as external marketing representative for Texas. He is based in the Dallas/Fort Worth area and will focus on agent relationships throughout the state. Duran comes to AUI with over 10 years of experience …

06/18/2018 12:25 PM
4.0 Mag Earthquake and Aftershock Shake Parts of Central Oklahoma
The U.S. Geological Survey says a 4.0 magnitude earthquake has shaken parts of central Oklahoma, but there were no immediate reports of damage. The USGS says the earthquake was recorded at 3:56 p.m. about 7 miles (12 kilometers) north of …

06/18/2018 12:24 PM
Despite New Law, Nebraska Not Expected to See Self-Driving Cars Soon
Nebraska lawmakers may have cleared the way for companies to test self-driving vehicles with a law passed earlier this year, but don’t expect a large number to hit the streets anytime soon. Although industry officials say Nebraska has positioned itself …

06/18/2018 12:21 PM
Iowa Supreme Court Reduces Liability of Governments for Road Safety
A recent Iowa Supreme Court decision involving a 2013 car accident on a northwest Iowa county road could make it more difficult for citizens to hold city, county and state officials responsible when people are hurt as the result of …

06/18/2018 11:48 AM
Digital Insurance Agency EverQuote Launches IPO
Cambridge, Mass.-based online insurance agency EverQuote Inc. has commenced an initial public offering it hopes will produce $43.2 million in net proceeds for the company. EverQuote is offering 3,125,000 shares of its Class A common stock at an initial public …

06/18/2018 10:55 AM
Oregon Marijuana Growers Turning to Hemp as CBD Extract Explodes
A glut of legal marijuana is driving Oregon pot prices to rock-bottom levels, prompting some nervous growers to start pivoting to another type of cannabis to make ends meet _ one that doesn’t come with a high. Applications for state …

06/18/2018 10:49 AM
12,000-Plus Claims Filed for Hail Damage in Colorado
Insurance companies say they have received more than 12,000 claims for damage to vehicles and houses in Colorado Springs, Colo. after the city’s worst hail storm in 20 years. The Colorado Springs Gazette reported the storm also damaged about 250,000 …

06/18/2018 10:38 AM
Coffee Doesn’t Need a Cancer Warning, California Agency Says
Starbucks Corp. and other coffee retailers are looking to get a reprieve in a legal battle over whether they need to post warnings in California that a cup of java contains chemicals known to cause cancer. The California Office of …

06/18/2018 10:34 AM
Supreme Court to Hear Appeal Over Liability for Securities Fraud
The U.S. Supreme Court on Monday agreed to hear an appeal by a New York investment banker banned from the industry by the Securities and Exchange Commission in a case that could limit the scope of those who can be …

06/18/2018 09:30 AM
Climate Change Lawsuits a Growing Threat: Opinion
Last month, a group of 10 families filed an action against the European Union at the European General Court, the EU’s second highest court. All claim to have suffered loss from climate change. Specifically, they argue that greenhouse gas (GHG) …

06/18/2018 08:49 AM
Pennsylvania Allows ETP Mariner East 1 Pipeline to Resume Service
Pennsylvania’s Public Utility Commission (PUC) voted on Thursday to allow Energy Transfer Partners LP’s Sunoco Mariner East 1 natural gas liquids pipeline to return to service, reversing a suspension tied to safety concerns. The PUC stopped flows on Mariner East …

06/18/2018 08:48 AM
CEO of VW’s Audi Arrested in Germany over Emissions Cheating Scandal
German authorities arrested the head of Volkswagen’s luxury arm Audi on Monday, the most senior company official so far to be detained over the carmaker’s emissions test cheating scandal. Munich prosecutors, who earlier this month widened their probe into Audi, …

06/18/2018 08:42 AM
Maryland Suing EPA on Power Plant Pollution in Other States
A federal judge has ordered the Environmental Protection Agency to respond to Maryland’s request for a declaration that power plants in five upwind states are contributing to Maryland’s air quality problems. The judge on Wednesday ordered the EPA to take …

06/18/2018 08:27 AM
Earthquake Hits Japan’s Industrial Heartland, Causing 3 Deaths; Trains, Factories Halted
Three people were confirmed dead and almost 100 injured after a strong earthquake hit Osaka on Monday morning, rattling one of Japan’s industrial heartlands and halting trains and factories across the region. The earthquake struck at 7:58 a.m. local time, …

06/18/2018 08:22 AM
Insurer Must Defend Bill Cosby Defamation Suits, Court Says
A federal appeals court says an insurance company must pick up Bill Cosby’s tab to fight defamation lawsuits brought by women who accused him of sexual misconduct. But the ruling by the 1st U.S. Circuit Court of Appeals in Boston, …

06/18/2018 08:15 AM
Custody Protection, Regulation, Insurance Seen Paving Way for Shift to Cryptocurrencies
Hedge fund manager Kyle Samani embraces his job making multimillion-dollar bets on the wild market for cryptocurrencies, but he’s long contended with a headache: Ensuring his holdings aren’t stolen. Samani, a managing partner at Multicoin Capital, hopes to offload that …

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