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06/26/2019 04:06 PM
Former Washington Agent Pleads Guilty to Writing Fake Auto Policies
Lilibeth Brulotte, a former Washington insurance agent, pleaded guilty in Pierce County Superior Court to third-degree theft in connection with writing fake auto insurance policies. Brulotte’s sentence was deferred for two years and will be dismissed if she commits no …

06/26/2019 03:00 PM
Supreme Court Denies Injured Seaman’s Bid for Punitive Damages
The Supreme Court has ruled that an injured merchant seaman can’t seek punitive damages based on the common-law maritime claim of unseaworthiness. The ruling settled a difference of opinion in the courts over whether punitive damages are available for unseaworthiness …

06/26/2019 02:27 PM
California Workers’ Comp Bureau Submits 2020 Regulatory Filing
The Workers’ Compensation Insurance Rating Bureau of California on Wednesday submitted a Jan. 1, 2020, regulatory filing to the California Insurance Commissioner. The filing contains the following proposals: Amendments to the California Workers’ Compensation Uniform Statistical Reporting Plan—1995, including amendments …

06/26/2019 02:22 PM
Third Point Makes Equity Investment in California-based Noblr
Third Point Reinsurance Ltd. has entered into a relationship with Noblr Inc. through a combination of a minority equity investment and reinsurance, the company announced. Terms of the deal weren’t disclosed. San Francisco, Calif.-based Noblr is a technology-driven company co-founded …

06/26/2019 12:57 PM
U.S. High Court to Rule on Scope of Copyright for Legal Codes in Georgia Suit
The U.S. Supreme Court on Monday agreed to hear a bid by Georgia lawmakers to win federal copyright protection for an annotated version of the state’s legal code and to decide whether state and local governments can sue people who …

06/26/2019 12:51 PM
Law Firm Sanctioned Over Documents in Baylor Assault Cases
A federal judge in Texas has sanctioned a Philadelphia-based law firm for knowingly violating court orders and ignoring a subpoena to produce documents relevant to lawsuits filed by 15 women against Baylor University. U.S. District Judge Robert Pitman ruled that …

06/26/2019 12:38 PM
Michigan City to Pay $1.25M in Sewage-Flooded Basements Suit
Most of a $1.25 million settlement will go to residents of a mid-Michigan city who sued after sewage flooded their basements six years ago. The Lansing State Journal reported that the Lansing City Council agreed to the settlement, which allows …

06/26/2019 12:35 PM
Accused of Setting Fire to Nebraska Bar She Was Buying, Woman Takes Plea Deal
A woman accused of setting fire to a bar she was buying in central Nebraska has taken a plea deal. Custer County District Court records say 54-year-old Jane Chestnutt pleaded guilty last week to criminal mischief and attempted arson. Prosecutors …

06/26/2019 12:26 PM
New Federal Study Contradicts Owner’s Claims About Years-Long Gulf Oil Spill
A new federally led study of oil seeping from a platform toppled off Louisiana’s coast 141/2 years ago found releases lower than other recent estimates, but contradicts the well owner’s assertions about the amount and source of oil. Oil and …

06/26/2019 12:23 PM
Former Ohio Insurance Agent and Investment Adviser Gets 5 Years for Fraud Scheme
Former Dayton, Ohio-area insurance agent and investment adviser has been sentenced to five years in prison after being convicted of insurance fraud and conducting a “Ponzi” scheme targeting elderly consumers. The Ohio Department of Insurance reported that John Gregory Schmidt …

06/26/2019 12:20 PM
Louisiana Commissioner: Insurance Discounts Available for Active Military, Veterans
Louisiana Insurance Commissioner Jim Donelon says insurance discounts and benefits are available in the state for active duty service members and veterans of the United States Armed Forces both during and after their tour of duty. The following benefits are …

06/26/2019 10:29 AM
Washington State Utility Caused Fatal Fire, Lawsuit Contends
The family of a Washington man who died in a house fire has filed a lawsuit against a public utility. The Everett Herald reported that the family of 93-year-old Glen Allen filed the wrongful death lawsuit against the Snohomish County …

06/26/2019 10:25 AM
Jump in Western U.S. Wildfires Means Smoke’s Health Impact Will Spread
Climate change in the Western U.S. means more intense and frequent wildfires churning out waves of smoke that scientists say will affect tens of millions of people and cause premature deaths to spike. That’s prompting people in cities and rural …

06/26/2019 10:20 AM
Bondholders Propose Bankruptcy Exit Plan Up to $30B for PG&E
A committee of bondholders of PG&E Corp.’s utility unit on Tuesday proposed a bankruptcy reorganization plan that would inject up to $30 billion to help the California power provider emerge from Chapter 11 and pay off its liability from wildfires. …

06/26/2019 10:09 AM
AIR Expands Europe Inland Flood Model, Updates UK Storm Surge Analysis
Catastrophe risk modeling firm AIR Worldwide announced it has released an expanded inland flood model for Central Europe to include the country of Poland in its model domain. AIR also announced that it has updated the storm surge component of …

06/26/2019 09:03 AM
Student Loans, Family Leave, Telemedicine, Standing Desks: Tailoring Benefits to Multigenerational Workforce
While the United States’ stable job market and regulatory environment have kept employee benefits offerings steady, some benefits such as student loan repayment, paternity leave, telecommuting, standing desks and telemedicine are gaining notable upward traction. Companies are researching on their …

06/26/2019 08:47 AM
Purdue’s Sackler Family Must Face Opioid Suits in New York
The billionaire owners of Purdue Pharma LP must face a New York lawsuit claiming they triggered the U.S. opioid epidemic, a judge ruled, handing an early victory to states and local governments seeking to recoup billions of dollars in social …

06/26/2019 08:16 AM
Beazley Snares Cyber Underwriters from Chubb, Gallagher for U.S. Regions
Specialty insurer Beazley has hired two cyber and technology underwriters in the U.S. to meet growing demand from middle market businesses for insurance cover for cyber, data security and privacy exposures. Jennifer Lushbough Beard joins Beazley from Chubb where she …

06/26/2019 07:59 AM
Judge Open to ‘Novel’ Idea of Local Government Class for Opioid Settlement Talks
A judge backed a push by U.S. cities and counties suing opioid makers such as Purdue Pharma LP and Johnson & Johnson to negotiate a settlement as a group but put off until August a final decision on the request. …

06/26/2019 07:55 AM
New York City Uber Driver Gets Three Years for Kidnapping Sleeping Passenger
A man who drove for Uber in New York City has been sentenced to three years in federal prison for abducting a woman who fell asleep inside his vehicle. A judge Monday also ordered Harbir Parmar to pay more than …

06/26/2019 07:52 AM
High School Student Sued for Activating Virginia Hotel Room Sprinkler
A hotel’s insurance company has sued a high school student it claims caused more than $690,000 in damage by activating a sprinkler inside one of its rooms. The Virginian-Pilot reports Landstown High School senior Cade Anderson stayed at the hotel …

06/26/2019 07:48 AM
Philadelphia Refinery Fire Out, Probe into Cause of Blaze to Begin
A fire in a Philadelphia refinery struck by explosions and a pre-dawn blaze last week has now been extinguished as an investigation is launched into what caused it, authorities said. The blaze at the Philadelphia Energy Solutions Refining Complex, the …

06/26/2019 07:20 AM
BHSI Names QBE’s Walker as UK Head of Customer and Broker Engagement
Berkshire Hathaway Specialty Insurance (BHSI) announced it has expanded its team in the UK with the appointment of Mark Walker as head of Customer and Broker Engagement. “I’m extremely pleased to have Mark leading our efforts to expand our broker …

06/26/2019 07:05 AM
Arthur J. Gallagher to Acquire Minority Stake in Prague-Based Broker Renomia
Arthur J. Gallagher & Co. announced it has signed an agreement to purchase a minority stake in Prague-based Renomia. The deal is subject to regulatory approval and is expected to close in the third quarter of 2019. Financial details of …

06/26/2019 06:45 AM
Telecoms Have Lost Vast Data to Chinese Hackers Over 7 Years, Security Firm Says
Hackers broke into the systems of more than a dozen global telecom firms and stole huge amounts of data in a seven-year spying campaign, researchers from a cyber security company said, identifying links to previous Chinese cyber-espionage activities. Investigators at …

06/26/2019 06:32 AM
Chubb, Hiscox, Tokio, Other Lloyd’s Underwriters Form Innovation Facility to Insure Emerging Risks
A group of Lloyd’s underwriters has launched a new facility with £53 million ($67.5 million) of capacity that is designed to speed up re/insurance product development for new and emerging risks. The Product Innovation Facility is led by senior underwriters …

06/26/2019 02:00 AM
Ex-AIG Employees, Seeking Back-Bonuses of $100M, Win British Court Ruling
A group of former traders and managers at American International Group Inc. won a London judge’s backing in their battle to obtain $100 million dating back to the financial crisis, after he said that the insurance giant couldn’t put forward …

06/26/2019 01:55 AM
Jury Awards $3M-Plus in Michigan Misdiagnosed Epilepsy Case
A Michigan jury has awarded more than $3 million to a woman who was misdiagnosed with epilepsy, one of hundreds of people to accuse a Detroit-area doctor of misreading tests to enrich himself and his employer. Dr. Yasser Awaad was …

06/26/2019 01:00 AM
Senators Eye Making Tech Giants Reveal How Much Customers’ Data Is Worth
As Congress bears down on big tech companies, two senators want to force giants like Google, Facebook and Amazon to tell users what data they’re collecting from them and how much it’s worth. The legislation floated this week by Sens. …

06/26/2019 01:00 AM
Data-Driven Insurance Future Clouded by Data Ownership Uncertainty
Insurers need to learn to share their data if they want to take full advantage of the mountain of information generated from connected devices, insurtech executives say. Along the way, somebody’s got to figure out who owns the data. Presentations …

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