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Today’s Insurance News
Source: Insurance Journal
45 Mississippi Counties Declared Primary Agriculture Disaster Areas Due to Weather
- August 23, 2019, 4:56 pm
U.S. Agriculture Secretary Sonny Perdue has named 45 Mississippi counties primary natural disaster areas because of freezing, flooding, flash flooding and excessive rain. Producers who had losses from those causes since Jan. 15 may be eligible for Farm Service Agency …
Austin Association of Insurance Professionals Supports Schools
- August 23, 2019, 3:35 pm
The Austin Association of Insurance Professionals made their annual donation of school supplies to Wooten Elementary in August. School supply delivery was handled by AAIP 2019 President Lindsey Burton on Aug. 2. In addition to the supplies donated by members, …
Twister in Iowa Had Winds of 150 MPH, Weather Service Reports
- August 23, 2019, 3:28 pm
The National Weather Service says the tornado that damaged or destroyed several buildings in rural Warren County was rated at EF3, with peak winds of 150 mph. It touched down near Lacona a little before 6 a.m. Tuesday and ran …
678 Citations in 1st Week of Minnesota’s Hands-Free Law
- August 23, 2019, 3:25 pm
Minnesota Department of Public Safety officials say officers cited 678 drivers across the state during the first week of the new hands-free cellphone law. The Star Tribune reports that officers handed out 286 citations in Hennepin County, or about 40 …
Fire Station in Texas Latest Recovery From Hurricane Ike
- August 23, 2019, 3:24 pm
Galveston, Texas has a new main fire station as recovery continues since Hurricane Ike swamped parts of the city in 2008. The Galveston County Daily News reports the $9.6 million Fire Station No. 1 was one of the last large …
Union Pacific Worker In Texas Dies, Pinned Between Tankers
- August 23, 2019, 3:22 pm
Investigators say a Union Pacific worker has died after being pinned between two railway tanker cars in Southeast Texas. The Jefferson County Sheriff’s Office says 39-year-old Travis Andrepont of Louisiana was killed before dawn Tuesday in Beaumont. Officials didn’t immediately …
Japan’s Tepco to Propose Decommissioning 5 Nuclear Reactors: Media
- August 23, 2019, 3:20 pm
Tokyo Electric Power will submit to a municipal official on Monday a plan regarding the decommissioning of five reactors at its Kashiwazaki-Kariwa nuclear station, the world’s biggest atomic plant, Jiji Press said. Japan suffered its worst energy crisis since the …
California Utility Wants Help Paying Wildfire Victims
Adam Beam - August 23, 2019, 3:09 pm
A troubled California utility company is asking the state Legislature to let it borrow money without paying taxes so it can compensate victims of a devastating wildfire caused by its equipment. Pacific Gas & Electric is facing up to $30 …
Fake Claims, Price Gouging, Bogus Contractors: How Fraudsters Steal Disaster Aid
Natalie Anderson, Jake Goodrick and Peter Nicieja - August 23, 2019, 3:01 pm
As the scale and frequency of major disasters escalate, millions of dollars in federal, state and insurance payments intended for recovery efforts are being stolen by fraudsters taking advantage of chaos and the pipeline of aid flowing into the stricken …
Motor Vehicle Accident Fatalities Decline
- August 23, 2019, 1:57 pm
The four-year upward trend in motor vehicle deaths that began in 2015 is ebbing, with the number of fatalities in the first six months of 2019 dropping 3% compared to the same six-month period in 2018. Preliminary estimates from the …
U.S. Lawmakers Urge Regulators to Treat Cloud Services as Players in Financial System
Pete Schroeder - August 23, 2019, 1:47 pm
Two U.S. lawmakers have called on a top financial regulatory panel to consider direct oversight of the cloud services big tech companies provide to banks, saying they have become a critical component of the global financial system. In a letter …
New Business Up 20% at Insurer AIA on Hong Kong, China Sales
- August 23, 2019, 1:32 pm
Asia-focussed insurer AIA Group Ltd on Friday posted a 20% rise in new business for the first half of the year, as it sold more insurance products in its main markets of Hong Kong and China. AIA’s new business value, …
Following Deadly Blast, Russia Launches Floating Nuclear Reactor
Olga Tanas - August 23, 2019, 1:26 pm
Russia’s Rosatom shipped its first floating nuclear-power reactor on Friday, setting the unit off on a barge journey among Arctic ice caps, raising concerns in the wake of a recent military accident that caused a brief spike in radiation. The …
China Tops List of U.S. Cybersecurity Agency’s Top Risks
William Turton - August 23, 2019, 1:11 pm
A newly created U.S. cybersecurity agency said Thursday that China represents the greatest strategic risk to the U.S., and as a result, the agency’s top operational priority is reducing the risks from Chinese compromises to the global supply chain, including …
Allianz to Buy SulAmérica’s Auto, Other P/C Insurance Operations
- August 23, 2019, 12:42 pm
Allianz has agreed to acquire automobile and other property/casualty insurance operations from Brazil’s SulAmérica for BRL 3 billion (667 million euros). Allianz said the acquisition will strengthen its competitive position in Brazil, making it one of the top three insurers …
Captain of Ferry that Ran Aground in Boston Harbor Off Job Pending Drug Test
- August 23, 2019, 12:40 pm
The captain of a commuter ferry that ran aground in Boston Harbor has been placed on leave pending drug test results. The Boston Globe reported Saturday that the captain was taken off the job pending the test, which is routine …
Everest Insurance Adds Three Members in Pennsylvania, New York
- August 23, 2019, 11:44 am
Everest Insurance has added three members to the Financial Lines Private Company/Not‐For‐Profit group. This group provides management liability insurance for private and not‐for‐profit companies of all sizes and industries. Michelle Bockin has joined Everest Insurance as a director, managing all …
The Connecticut Interlocal Risk Management Agency Hires Dion, Martin
- August 23, 2019, 11:35 am
The Connecticut Interlocal Risk Management Agency (CIRMA) has hired Ellen Dion as chief financial officer (CFO). Dion has property and casualty insurance industry expertise spanning more than 25 years and will oversee budget preparation and administration, financial planning and operations, …
Alliant Adds Shaffer to Its Mid-Atlantic Team as Senior Vice President
- August 23, 2019, 11:08 am
Alliant has added John Shaffer III to its Mid-Atlantic team. The Bethesda, Md.-based property and casualty specialist will serve as senior vice president, designing and delivering a range of insurance and risk management services to clients throughout the region as …
Broker Not Liable for Late Notice that Cost Illinois Client $1.34M
Jim Sams - August 23, 2019, 5:32 am
An Illinois construction company that waited six years to inform its excess insurer that it had been sued cannot expect coverage from that carrier, and it can’t go after the insurance brokerage that sold it the policy either, a federal …
Bridge Span Near Florida-Georgia Line Collapses, Causes 2 Accidents
- August 23, 2019, 5:03 am
Authorities say two motorists have been injured when their cars went airborne over a collapsed bridge span near the Florida-Georgia Line. Officials closed a short stretch of Hutchinson Ferry Road northwest of Tallahassee on Wednesday morning because of the gap …
Trump Administration Appoints Aviation Safety Advisory Panel
- August 23, 2019, 5:00 am
U.S. Transportation Secretary Elaine Chao on Thursday named 22 people to a new panel that will advise the department on aviation safety oversight and certification programs as the Federal Aviation Administration continues to grapple with the fallout from two fatal …
For Many U.S. Communities, There’s No Easy Path to Safety From Disasters
- August 23, 2019, 5:00 am
As the country enters peak season for major natural disasters, new research indicates which states and communities are the riskiest for those needing to evacuate whether from wildfires or hurricanes. StreetLight Data Inc., a company that collects and analyzes data …
Early Claims and Crash Tests Suggest Risks of Luxury, SUV Electric Vehicles
Michael Shields - August 23, 2019, 5:00 am
Electric luxury cars and sport utility vehicles (SUVs) may be 40% more likely to cause accidents than their standard engine counterparts, possibly because drivers are still getting used to their quick acceleration, French insurer AXA said. The numbers, based on …
Wells Fargo Settles Navajo Nation Claims Over Fake Accounts for $6.5 Million
Bryan Pietsch - August 23, 2019, 5:00 am
Wells Fargo & Co. will pay the Navajo Nation $6.5 million to settle a lawsuit over “predatory and unlawful practices” by the bank, the Native American tribe said on Thursday. The Navajo Nation sued Wells Fargo in federal and tribal …
Authorities Investigate String of Arson Fires in Kentucky Neighborhood
- August 23, 2019, 4:22 am
A string of fires in a western Kentucky neighborhood has left authorities wondering if they’re all related. News outlets report four fires in the past week have occurred in the Pleasant Ridge area and three of the fires were caused …
Miami Contractor Arrested Over $737K in Workers’ Comp Fraud
- August 23, 2019, 4:09 am
A Florida contractor was arrested this month for an alleged workers’ compensation fraud scheme totaling nearly $737,000, according to a statement from Chief Financial Officer (CFO) Jimmy Patronis. Norma Lopez Cedillo, president of Nuvo Contractor, Inc., allegedly evaded paying nearly …
Retreat as an Answer to Climate Change?
Don Jergler - August 22, 2019, 9:37 pm
Think retreat is never an option? Think again. “Faced with global warming, rising sea levels, and the climate-related extremes they intensify, the question is no longer whether some communities will retreat—moving people and assets out of harm’s way—but why, where, …
Idaho Company Hit With Fine Following Tree-Trimming Death
- August 22, 2019, 8:15 pm
The Occupational Safety and Health Administration has fined an Idaho tree-trimming company after an employee was killed and another was injured when the work platform of a bucket truck fell about 65 feet. The Times-News reported that the federal agency …
California State Fund Declares $105M Dividend for Workers’ Comp Policyholders
- August 22, 2019, 8:13 pm
The board of California’s State Compensation Insurance Fund announced plans to distribute a $105 million dividend to qualifying policyholders with policies that took effect between Jan. 1 and Aug. 19. This dividend equals roughly 15% of the estimated annual premium …

The Amynta Group Announces Acquisition of ClearView Risk Holdings.

Southwest Risk continues to actively recruit seasoned insurance professionals to join our winning team!

Meet Steven Ateek – Vice President at Southwest Risk specializing in Construction, Energy, Products and Habitational.

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