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News – Insurance Journal

04/25/2019 01:41 AM
Keesey Joins Cannasure Insurance Services as Sr. Underwriter in Ohio
Cannasure Insurance Services (Cannasure), a Cleveland, Ohio-based managing general agent and wholesale insurance broker for the cannabis and hemp industries, hired Jenna Keesey as a senior underwriter in its growing MGA practice. Keesey is a package lines specialist with steep …

04/25/2019 01:23 AM
Florida Gov to Sign AOB Reform Bill; Citizens Plans Rate Decrease
Florida Governor Ron DeSantis has signaled his support of a property insurance reform bill passed by the Florida Senate Wednesday, saying in a statement Wednesday he will sign the legislation that the insurance industry and consumer advocates say will stem …

04/25/2019 01:04 AM
Ohio Hospital Settles 3 Excessive Dose Claim Lawsuits
The Ohio hospital system where an intensive care doctor is accused of ordering excessive doses of painkillers for dozens of patients who died is settling three resulting wrongful-death cases, while 24 more lawsuits are pending. The family of 78-year-old Lora …

04/25/2019 01:00 AM
Newfront Insurance in California Names Kaneko Head of Carrier Relations
Newfront Insurance in California has named Garett Kaneko head of carrier relations. Kaneko will manage external market relations and partner strategy as well as overall business and growth strategy for Newfront. Kaneko has more than 15 years of experience in …

04/25/2019 01:00 AM
Supreme Court Gives Business Another Victory on Arbitration, Class Actions
In a decision that could further help companies limit damages in disputes with workers, the U.S. Supreme Court on Wednesday ruled against a California man who was the victim of an online scam and sought to bring claims against his …

04/25/2019 01:00 AM
SAIF in Oregon Names Williams Vice President Of Human Resources
Ian Williams has joined SAIF as vice president of human resources. Williams will oversee all aspects of HR, including compensation and benefits, employee engagement and retention and recruitment. Most recently, he was vice president of human resources at Belden Inc. …

04/25/2019 01:00 AM
Workplace Injuries Continue to Decline But Could Rise with Low Unemployment
The number of workplace injury claims continues to decline year after year despite significant changes in workforce demographics that experts thought would increase claims frequency, according to a report by the National Council of Compensation Insurance. The number of workers …

04/25/2019 01:00 AM
Privacy Practices Probe Could Cost Facebook Up to $5 Billion
Facebook Inc. estimated that it will cost as much as $5 billion to resolve a U.S. investigation into its privacy practices, as the social-media company moves to put the fallout from the Cambridge Analytica scandal behind it. Facebook said Wednesday …

04/25/2019 12:25 AM
Brightway Insurance Opens New Agencies in Florida, Tennessee
Brightway Insurance opened new stores in Florida and Tennessee on April 15. The new franchise owners include: Steve Moser who opened Brightway, The Steve Moser Agency of Belle Meade in Nashville, Tennessee. This is Brightway’s first agency to open in …

04/25/2019 12:08 AM
Above Average Year for Tornadoes in Alabama; 53 Confirmed So Far
Alabama already has exceeded its yearly average for tornadoes with more than 50 twisters verified in the state so far in 2019. The National Weather Service tweets that Alabama has had 53 total tornadoes so far this year. That compares …

04/24/2019 07:32 PM
Court Rules Wyoming Killer Was Not a ‘Resident’ Under Mother’s Homeowners Policy
A U.S. Court of Appeals for the 10th District this week ruled that a Wyoming man convicted of a 2014 murder was not an insured “resident” under his mother’s homeowners insurance policy, and it turns out that finding doesn’t favor …

04/24/2019 05:19 PM
Workers’ Comp Claims in Colorado’s Cannabis Industry Not as High as You Think
It’s a safe bet that there are a number of those among us who envision workers in the marijuana industry as mostly a bunch of mellow bud-blazers haphazardly performing the daily tasks of trimming, potting, transporting or selling cannabis. Those …

04/24/2019 02:44 PM
Update: Florida Legislature Passes Industry-Backed AOB Reform Bill
After seven years of failed attempts, Florida legislators have passed property insurance reform to address the abuse of a policyholder benefit known as assignment of benefits (AOB). The insurance industry and consumers advocates say the abuse has caused higher insurance …

04/24/2019 01:21 PM
California Workers’ Compensation Rating Bureau Issues Report on Opioids
The use of opioids has significantly and continuously declined in the California workers’ compensation system since 2012, a trend that may be leading to a shift in the patterns of medical treatments for California’s injured workers as well as more …

04/24/2019 12:48 PM
CIC Services Launches Captive Program for Small, Mid-Sized Businesses
CIC Services, LLC, has created a new program help small- to mid-sized companies establish captive programs for their business. The program is designed for companies that would otherwise not be large enough to consider replacing commercial insurance with a captive. …

04/24/2019 12:44 PM
New Brightway Insurance Agency Opens in Missouri
Florida-based Brightway Insurance has opened a new store in Missouri. The Grone Agency in Des Peres was established by Brennen Grone, who first worked for Brightway, The Landers Agency in Glendale, Colo. Grone subsequently worked alongside his father in an …

04/24/2019 12:35 PM
Oklahoma Supreme Court Tosses Non-Economic Damages Cap
The Oklahoma Supreme Court on April 23 struck down a state law that caps monetary damages for pain and suffering in personal injury lawsuits, the latest civil justice measure backed by the Republican-controlled Legislature to be invalidated by the state’s …

04/24/2019 12:24 PM
Cars Submerged at Dallas Airport Amid Storm Outbreak
Storms that pummeled North Texas overnight are being blamed for stranding motorists in the Dallas/Fort Worth area and for flooding underground parking lots at a Dallas airport. Dozens of vehicles were submerged in nearly four feet of water in the …

04/24/2019 12:11 PM
Allianz Weighs Bid for Deutsche Bank’s Asset Management Business: Sources
Allianz and Amundi are considering rival deals to tie up their asset management units with Deutsche Bank’s DWS, sources close to the matter said on Wednesday. Their interest comes as Germany’s biggest bank considers a possible merger with Commerzbank, with …

04/24/2019 11:36 AM
Wading Through Coverage Differences in Expanding Private Flood Insurance
It has been a long-held insurance axiom that flood is not considered an insurable peril due to its potentially catastrophic nature. Here is what the report, “Affordability of National Flood Insurance Program Premiums: Report 1” (National Research Council, 2015) says …

04/24/2019 11:36 AM
Medical Marijuana Sales in Arkansas Set to Begin in Mid-May
Medical marijuana sales in Arkansas are set to begin around May 12 as cultivators plan to begin harvesting the plant in the coming days and regulators finish the approval process for the state’s first dispensaries. Department of Finance and Administration …

04/24/2019 11:32 AM
AAIS Adds Jonas as Commercial Lines Product Manager in Illinois
The Lisle, Illinois-based national not-for-profit insurance advisory organization, American Association of Insurance Services (AAIS), has named Joseph Jonas as its new commercial lines product manager. Jonas is responsible for AAIS forms, manual rules and rating information in the standard commercial …

04/24/2019 11:30 AM
Michigan AG to Target Worker Misclassification by Employers
Michigan Attorney General Dana Nessel said her office will target businesses that cheat their employees of wages, pledging a forceful crackdown on what she called an under-the-radar problem that also lets companies dodge taxes. “Our office intends to be as …

04/24/2019 10:31 AM
PG&E Can Pay Employees $350M to Meet Safety Goals After California Wildfires
PG&E Corp. can pay employees up to $350 million in bonuses this year to spur them to help meet the bankrupt California power provider’s safety goals to prevent wildfires, a judge said on Tuesday. PG&E’s management has said the company …

04/24/2019 10:14 AM
Total Reinsurance Capital Drops in 2018, but Alternative Capital Keeps Rising: Willis Re
While total dedicated reinsurance capital dropped in 2018, alternative capital continued its steady rise, according to a report published by Willis Re. Total dedicated reinsurance capital – which includes traditional and alternative capital – dropped 5 percent to US$462 billion …

04/24/2019 09:59 AM
Services, Intellectual Property on U.S.-China Trade Talk Agenda for Next Week
U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin will travel to Beijing for trade talks beginning on April 30, the White House said in a statement on Tuesday. It said Chinese Vice Premier Liu He, who will lead …

04/24/2019 08:53 AM
How a Business Can Move from Novice to Expert in Cyber Defense Best Practices
Sixty-one percent of firms surveyed for insurer Hiscox had a cyber attack in the past year, compared to 45% in 2018. Meanwhile, the median cost for cyber incidents losses soared from $229,000 to $369,000. While those numbers are of concern, …

04/24/2019 08:20 AM
Contractor Sues Massachusetts City for $1M in Unpaid Work
A contractor alleging breach of contract is suing a Massachusetts city for $1 million. The MetroWest Daily News reports that Lupachino & Salvatore alleges Framingham, Mass., illegally withheld payments related to the renovation of a city ice skating rink. The …

04/24/2019 08:18 AM
New York State Senate Launches Vaccination Push Amid Measles Outbreak
Members of the New York state Senate are joining the fight to encourage people to get vaccinated amid an ongoing measles outbreak in the state. Lawmakers in the Democrat-led chamber launched a public awareness campaign on Monday designed to give …

04/24/2019 08:06 AM
Paquin Insurance Agency Joins OceanPoint Insurance Agency in Rhode Island
Paquin Insurance Agency has joined OceanPoint Insurance Agency’s organization in Rhode Island. Paquin Agency Principal Rick Paquin has accepted a position as vice president for OceanPoint, and he and his brother, Greg, will continue to serve the local community from …

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