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News – Insurance Journal

08/22/2017 06:21 PM
Northern Illinois Agency Owner Indicted Again; Slapped with 20 Fraud Counts
The owner of multiple property/casualty insurance operations in northern Illinois has been indicted once again, this time on charges that he defrauded more than 100 clients. Todd J. Fendler, of Rockford, Ill., previously had been charged in federal court on …

08/22/2017 12:54 PM
Conn. Court Supports $41.7M in Damages to Student Disabled by Tick Bite on School Trip
The Connecticut Supreme Court in August supported a jury’s decision to award $41.7 million in damages to a student permanently disabled by a tick bite while on a school field trip in China, stating that schools in Connecticut are obligated …

08/22/2017 12:44 PM
Oklahoma Workers’ Comp Report Shows Big Drop in Premium Costs Since 2013
Oklahoma’s workers’ compensation system seems to have benefited from reforms that were initiated in 2013, at least in terms of premium costs for businesses. By the end of 2016, employers in Oklahoma had seen a 30 percent reduction in workers’ …

08/22/2017 12:36 PM
Online Property Management Service Cozy Takes On Renters Insurance Market
The renters insurance market has been a hard nut to crack for the industry, but an insurance carrier and online rental service platform hope their partnership may be the secret to breaking through. Cozy, an online property management site for …

08/22/2017 12:34 PM
Young Takes on Role of President at Iowa’s Crop Pro Insurance
Crop Pro Insurance, a Johnston, Iowa-based managing general agent (MGA) specializing in crop insurance, announced that Joe Young, a co-founder of Crop Pro Insurance, has signed on to serve as the new company’s president. Young brings 29 years of insurance …

08/22/2017 12:29 PM
Ohio’s Grange Insurance Launches 36-Month Policy Option for Businesses
Columbus, Ohio-based Grange Insurance has introduced a new 36-month commercial insurance package policy, aimed at helping select businesses spend less time renewing their insurance each year and more time on what matters most — running and growing their businesses. Grange’s …

08/22/2017 12:23 PM
Texas Researchers Testing System that May Help Prevent Wrong-Way Driving
Kevin Balke turned his SUV southeastward, checked his instruments and confirmed he was ready. Nearly a mile of concrete stood before him with plenty of room to run, but he wouldn’t need all of it to prove his point — …

08/22/2017 11:43 AM
Allianz Global Corporate & Specialty Names Mann in California Head of E&O
Allianz Global Corporate & Specialty has named Gary Mann North America head of errors and omissions. He is based in San Francisco, Calif. He reports to Paul Schiavone, North America regional head of financial lines. Mann was previously deputy regional …

08/22/2017 11:14 AM
Russian Female Flight Attendant Sues Aeroflot for Discrimination
“Old, fat and ugly” is what Yevgeniya Magurina jokingly calls a group of flight attendants for Russia’s flagship airline Aeroflot who she claims have been sidelined in an apparent drive to make the cabin crew younger and more physically attractive. …

08/22/2017 11:10 AM
Scientists: Sea Level Rise Will Pose Threat to Hawaii By 2100
A group of scientists say the state of Hawaii could lose $19 billion worth of land and structures, and millions more in infrastructure by 2100 because of rising sea levels. West Hawaii Today reported an upcoming report from the scientists …

08/22/2017 11:08 AM
Small Quake Confirmed Near Alaska’s Largest City
A small earthquake hit the Cook Inlet region of Alaska near Anchorage, the state’s biggest city. The Alaska Earthquake Center says the magnitude 2.8 earthquake struck at 9 a.m. Sunday a spot about 13 miles southwest of Anchorage. The earthquake …

08/22/2017 10:54 AM
Wildfire in Yosemite National Park Grows, Evacuations Remain in California Town
Weather conditions have halped crews batttle a blaze in Yosemite National Park that has forced the evacuation of the tiny California community of Wawona. The blaze is now 3,820 acres and is now 17 percent contained. Singh said thunderstorms forecast …

08/22/2017 10:46 AM
Europe’s Cities Resist Use of Security Infrastructure Despite Vehicle Terror Attacks
Europe has experienced around a dozen cases of drivers using a car or truck to plow into pedestrians like last week’s attack in Barcelona, but cities have not rushed to mitigate the risks by changing their layout. Concerns about cost, …

08/22/2017 10:32 AM
Taser Deaths Produce at Least 442 Lawsuits Against Police, Municipalities: Reuters
In a first-of-its-kind review of court documents, police reports, other public records and news accounts, Reuters compiled the most comprehensive public accounting to date of deaths and litigation that followed police use of Tasers. In all, reporters documented 1,005 people …

08/22/2017 10:25 AM
Homeowners Often Overlook Mitigating Water Leak Risks: Chubb
The majority of homeowners do not view internal water leak damage as the most concerning home threat, despite the fact that water leaks are a more frequent risk than fire and theft, a new Chubb survey revealed. “The time between …

08/22/2017 09:51 AM
Chinese Venture Capital Firm, Sinovation Ventures, Boosts Investment in AI
For years, Kai-Fu Lee would share his venture capital firm’s office space in Beijing with startups he was backing so they could get advice and collaborate with each other. But about three months ago, the last of the startups packed …

08/22/2017 09:35 AM
Ascot Launches P/C Reinsurance MGA: Ethos Specialty Insurance Services
Ascot Group Ltd. (AGL) has launched Ethos Specialty Insurance Services, LLC, a standalone managing general agent (MGA), operating under AGL. Michael Sillat has been appointed as chief executive officer of Ethos, effective Dec. 1, 2017. “The formation of Ethos represents …

08/22/2017 09:21 AM
Maryland Libraries Are Training Staff to Administer Overdose Antidote
Some library workers in Maryland are learning how to administer an opioid overdose antidote. The Baltimore Sun reports that library systems in Harford, Carroll and Anne Arundel counties have begun offering training to staff in administering naloxone, commonly known as …

08/22/2017 09:10 AM
Pennsylvania Lumber Fire Took 1.5M Gallons to Douse
A fire chief says a Pennsylvania lumber mill fire took 1.5 million gallons of water to douse, though no workers were hurt in the blaze and only one firefighter suffered a minor injury. Lawn Volunteer Fire Chief Daniel Braden says …

08/22/2017 09:09 AM
Yahoo to Pay $5.5M After Breaking NCAA Tournament Bracket Deal
Yahoo Inc owes a prize promoter $5.5 million for backing out of a contract to pay $1 billion for predicting every winner in the 2014 NCAA men’s basketball tournament, and entering a similar contract with Quicken Loans Inc and Warren …

08/22/2017 09:00 AM
Popular Robots Appear Dangerously Easy to Hack, Researchers Say
Some of the most popular industrial and consumer robots are dangerously easy to hack and could be turned into bugging devices or weapons, IOActive Inc. said. The Seattle-based cybersecurity firm found major security flaws in industrial models sold by Universal …

08/22/2017 08:56 AM
Pennsylvania’s Venture Programs Adds Rawlings as Senior Underwriter
Venture Programs, a national insurance program administrator based in West Chester, Penn., has added Brian Rawlings as senior underwriter to support FITLIFE, its new program for fitness, wellness and spa services. As senior underwriter, Rawlings will be responsible for building …

08/22/2017 06:52 AM
Brit Global Specialty USA Taps Aspen’s Liening as SVP, Excess Casualty
Brit Ltd. announced it has appointed Jonathan Liening as senior vice president, Excess Casualty, for Brit Global Specialty USA. Liening joins BGSU, effective Aug. 21, and is based in Chicago. He reports to Douglas Trainor. He will focus on writing …

08/22/2017 06:38 AM
Typhoon Hato Intensifies as It Heads to Hong Kong
Hong Kong was preparing to shutter businesses as Typhoon Hato drew closer to the city, with Cathay Pacific Airways Ltd. scrapping flights and the local observatory warning it may raise the third-highest storm signal at midnight local time. The tropical …

08/22/2017 01:32 AM
Illinois Attorney General Reaches $4.5M Settlement in Opioid Marketing Case
Illinois Attorney General Lisa Madigan has reached a $4.5 million settlement with an Arizona-based pharmaceutical company that her office sued for deceptive marketing of an opioid drug meant for cancer patients. Madigan said Insys Therapeutics Inc. “pushed a highly addictive …

08/22/2017 01:24 AM
Federal Funding Available to West Virginia Flood Victims
President Donald Trump has made federal funding available residents in four West Virginia counties dealing with severe flooding, landslides and mudslides. The Federal Emergency Management Agency announced the money is available for people in Harrison, Marion, Marshall and Wetzel counties. …

08/22/2017 01:15 AM
Miami Insurance Agent Arrested Over Assisted Living Facility Fraud Scheme
An investigation led by the Florida Department of Financial Services (DFS) Bureau of Insurance Fraud has led to the arrest of a Miami insurance agent for attempting to evade a higher insurance premium for his assisted living facility (ALF) client. …

08/22/2017 01:09 AM
More Louisiana Homeowners Eligible for Flood Recovery Aid
Louisiana’s flood recovery board agreed on Aug. 18 to Gov. John Bel Edwards’ plan to widen eligibility for a homeowner aid program by including those whose flood insurance proceeds didn’t cover their rebuilding costs. Grant amounts for some homeowners without …

08/22/2017 12:46 AM
Clemson University Fraternity Hazing Death Settled for $250K
A judge has approved a $250,000 settlement between Clemson University and the family of a student who died during a fraternity pledge run nearly three years ago. Judge Robin Stilwell on Thursday approved the deal that Clemson reached with Tucker …

08/21/2017 03:34 PM
Greenberg Traurig Adds Michelman & Robinson’s Sebastinelli in California
Greenberg Traurig LLP has added insurance regulatory attorney John A. Sebastinelli as shareholder to its policy and insurance regulatory and transactions practices in the firm’s San Francisco, Calif. office. Sebastinelli’s practice focuses primarily on California insurance regulatory law matters. He …

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