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News – Insurance Journal

04/03/2020 03:52 PM
California Commissioner Orders Insurance Claim, Coverage Deadline Extensions
California Insurance Commissioner Ricardo Lara has issued a notice to insurers ordering them to stop enforcing policy or statutory deadlines on policyholders for claims or coverage until 90 days after the statewide “state of emergency” or other “state of emergency” …

04/03/2020 12:58 PM
Mississippi Businesses Shift Production During Pandemic
As the nation hunkers down and people shelter in place amid the coronavirus pandemic, several Mississippi businesses have stayed open, switching gears to make much-needed products. A jeans company is making face guards, a coffeehouse is making loaves of bread …

04/03/2020 12:54 PM
Gender Reveal Party Sparks 10-Acre Fire in Florida
A gender reveal party mixed with explosives sparked a 10-acre fire in Florida. It happened Saturday in Brevard County, WESH-TV reported. The county has prohibited open burning because of an increase in fires, and officials are urging people to follow …

04/03/2020 12:44 PM
47 Long-Term Care Sites in Louisiana Seen as Coronavirus ‘Clusters’
As coronavirus cases spike ever higher in Louisiana, the state’s nursing homes, assisted living sites and adult residential care facilities are showing more and more “clusters” of the virus, but the full scale of the outbreak at those sites remains …

04/03/2020 12:23 PM
Oklahoma’s Insurance Risk Partners Joins BRP Group
Oklahoma City-based Insurance Risk Partners (IRP) has entered into a partnership with BRP Group Inc. to become part of their BKS-Partners operating group. IRP was formed in 2016 by industry veterans Paul and David Brown, and Patrick Truhlar, who have …

04/03/2020 11:52 AM
Illinois Lawsuits Challenge Society Insurance’s Coronavirus Claim Denials
Two lawsuits have been filed in federal court in Illinois by a group of businesses — who were forced to close their operations by government authorities as a result of the COVID-19 pandemic — over the denial of business interruption …

04/03/2020 10:36 AM
New Jersey Manufacturer Cited for Safety Lapse After Employee Amputation
The U.S. Department of Labor’s Occupational Safety and Health Administration (OSHA) has cited BWay Corp., doing business as Mauser Packaging Solutions, for workplace safety and health hazards after an employee suffered an amputation on Sept. 26, 2019, at the Lawrence …

04/03/2020 10:00 AM
Why Artificial Intelligence Is Not the Answer for All Businesses
The temptation for businesses to use artificial intelligence and other technology to improve performance, drive down labor costs, and better the bottom line is understandable. But before they pursue automation that could put the jobs of human employees at risk, …

04/03/2020 09:25 AM
A Coronavirus Outbreak Among Farm Workers Would Be Catastrophic: Viewpoint
There is no evidence that Covid-19 has been transmitted by food or food packaging, according to U.S. federal health agencies. How the virus fares among food workers may be a different story. By law, food manufacturers must prevent anyone who …

04/03/2020 08:26 AM
Glyphosate Settlement Talks Delayed by Coronavirus, Bayer Reports
Talks between Bayer AG and plaintiff lawyers to settle claims that the German company’s glyphosate-based weedkillers cause cancer have been slowed by the coronavirus pandemic, Bayer’s Chief Executive told daily Handelsblatt. “This is about currently not being able to meet …

04/03/2020 08:23 AM
Greenlight Re Decides Against Sale After Completing Strategic Review
Greenlight Capital Re, Ltd., the Cayman Islands-headquartered reinsurer, announced it has decided to continue with its existing business plan after completing a strategic review of transaction alternatives. Following a recommendation made by a special committee composed of independent directors, the …

04/03/2020 08:13 AM
Gig Workers Seeking Coronavirus Unemployment Insurance Frustrated
Uber and Lyft drivers are hitting a wall in their efforts to apply for the coronavirus jobless benefits promised by Congress as state agencies say they are not ready to handle a class of workers who are totally new to …

04/03/2020 08:05 AM
This Insurance Would Have Helped in Coronavirus Crisis But Nobody Bought It
Like everyone else, Peter Lacovara is coping with COVID-19, working at home to limit contagion to the coronavirus and stay healthy. He’s also plugging away trying to keep businesses healthy, as well. In his role as a senior vice president …

04/03/2020 07:51 AM
Munich Re Specialty Group Appoints Boo from Ironshore as Head of Asia
Munich Re Specialty Group (MRSG) has appointed Hui Yun Boo as head of Asia, effective April 3, 2020. Boo will be based in the firm’s Singapore office and will lead Munich Re Syndicate offices throughout the Asia region. Boo has …

04/03/2020 07:50 AM
Disaster Declaration Sought; Stay-Home Order Underway in Maine
Maine Governor Janet Mills requested a federal disaster declaration Wednesday as the state recorded two more COVID-19 deaths, dozens more people tested positive, and the start of a “stay-at-home” order neared. If approved, the declaration would open the door to …

04/03/2020 07:47 AM
Massachusetts’ Sayata Labs Announces Two New Hires
Sayata Labs has announced two new hires to boost its on-the-ground capabilities. Valorie Owens will serve as U.S. business development manager, and Ben Goldfien will serve as insurance operations manager. They will both report to recent hire and former Beazley …

04/03/2020 05:28 AM
BMS Signs Preferred Partner Agreement with Portuguese Specialty Broker Tagus
BMS Group, the independent specialist re/insurance broker, announced the conclusion of a preferred partner agreement with the new wholesale and specialty broker Tagus Specialty in Portugal. An ambitious production plan has been developed that will see BMS teams in London …

04/03/2020 05:03 AM
Fitch Places Lloyd’s of London’s on Rating Watch Negative on COVID-19 Crisis
Fitch Ratings has placed Lloyd’s of London’s ‘AA-‘ Insurer Financial Strength (IFS) ratings on rating watch negative, on the uncertainty and increased risk to Lloyd’s earnings and underwriting performance due to claims from the COVID-19 pandemic. The negative rating watch …

04/03/2020 03:02 AM
Health-Care Providers See Surge in Ransomware Attacks in Europe, U.S.
When hackers broke into computers at Hammersmith Medicines Research, a London-based company that carries out clinical trials for new medicines, it was a nightmare scenario for managing director Malcolm Boyce. The coronavirus crisis was just beginning to take hold in …

04/03/2020 02:19 AM
North Carolina Requests Insurers Defer Premium Payments to Help Consumers
North Carolina Insurance Commissioner Mike Causey has activated an emergency declaration that gives policyholders in all 100 counties the option to defer insurance premium payments should they need to do so. The order was activated March 27 as a result …

04/03/2020 02:06 AM
Washington Dentist Arrested, Charged with Arson After Office Fire
A Bellevue, Washington, dentist was accused of using lighter fluid and accelerant to set fires in his exam and X-ray rooms after being evicted from his office for failing to pay rent, King County prosecutors said. Mohammad “Matt” Rafie, 53, …

04/03/2020 01:56 AM
Third Coast Underwriters Promotes Altman and Vaughn in Chicago
Workers’ compensation insurer Third Coast Underwriters (3CU) has promoted Peter Vaughn to director, Insurance Operations, and Mike Altman to regional director, Business Development. Vaughn and Altman are based at 3CU’s headquarters in Chicago. Vaughn brings 22 years of complex claim …

04/03/2020 01:55 AM
Demotech Reveals Florida Insurer Ratings, Says Market ‘Most Difficult’ in U.S.
The long-awaited Demotech rating decisions for Florida domestic carriers are in, with many carriers having satisfied necessary steps to avoid ratings downgrades by the financial analysis firm. After affirming a slew of companies in mid-March, Demotech announced April 2 that …

04/03/2020 01:30 AM
Indiana Nursing Home Operator Sued for Disability Discrimination
Bloomington, Ind.-based senior living community operator Heart of CarDon LLC has been sued by the U.S. Equal Employment Opportunity Commission (EEOC) by refusing to accommodate a qualified employee with a disability, which resulted in the employee losing her job. According …

04/03/2020 01:21 AM
Insurer, Go, Offering 50% Discount on Auto Insurance for Essential Workers in Texas
Silicon Valley-based insurance company, Go, is now offering a 50% discount on auto insurance to all essential workers in Texas who are on the front lines of the COVID-19 crisis. Go has partnered with Redpoint County Mutual Insurance Co. to …

04/03/2020 01:01 AM
Federal Officials Say Engineer Intentionally Derailed LA Train Near Hospital Ship
A train engineer intentionally drove a speeding locomotive off a track at the Port of Los Angeles because he was suspicious about the presence of a Navy hospital ship docked there amid the coronavirus crisis, federal prosecutors said on April …

04/03/2020 01:00 AM
Bender Insurance Solutions in California Names Rohr Vice President of Finance
Sacramento, Calif.-based Bender Insurance Solutions has named Heather Rohr vice president of finance. Rohr oversees administration, budgeting, financial management, accounting services and facilities maintenance. She has 15 years of accounting experience, with the past seven years in the insurance industry. …

04/03/2020 01:00 AM
Insurance Office of America Adds Miller in California
Insurance Office of America has added Steve Miller to lead the mobility and innovation group. Miller will be based in Pleasanton, Calif. He was previously vice president at McGriff Insurance Services. In his 15 years in the industry, he has …

04/02/2020 12:58 PM
Florida Governor Issues Stay at Home Order; Insurance Deemed Essential Business
Florida Governor Ron DeSantis issued a statewide executive order Wednesday requiring all citizens in the state to stay at home except for those doing essential business or activities. The move comes as the state has more than 8,000 cases of …

04/02/2020 12:07 PM
Toilet Paper-Hauling Truck Catches Fire on Texas Interstate
A tractor-trailer hauling toilet paper crashed and caught fire near Dallas early Wednesday, spilling the hot commodity all over an interstate. The fire shut down westbound lanes of Interstate 20 near Interstate 45 in Hutchins, the Texas Department of Transportation …

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