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Today’s Insurance News
Source: Insurance Journal
USG Adds Meek as a Producer in Southern California
- December 14, 2018, 11:53 pm
USG Insurance Services Inc. has named Frances Meek a producer/broker in the Irvine, Calif. office. Meek will work to maintain current agent relationships and assist with expanding USG’s California network. Meek has been in the insurance industry for five years …
Alliant Names Davidson Vice President in Washington
- December 14, 2018, 11:48 pm
Alliant Insurance Services Inc. has named Megan Davidson vice president within the company’s real estate group. Davidson will be based in Alliant’s Seattle, Wash. office, and will provide insurance and risk management solutions to real estate clients with a focus …
Nebraska Senators Aiming to Get Medical Marijuana on 2020 Ballot
- December 14, 2018, 5:46 pm
Two Nebraska lawmakers have announced plans to place a medical marijuana legalization measure on the 2020 ballot. Sens. Anna Wishart and Adam Morfeld, both of Lincoln, on Dec. 13 announced the formation of Nebraskans for Sensible Marijuana Laws. The campaign …
Feds Cite Missouri Demolition Company After 2 Workers Die
- December 14, 2018, 5:34 pm
A Missouri demolition company has been cited by federal safety regulators for failing to provide fall protection after two employees suffered fatal injuries at a demolition site in St. Louis. The U.S. Department of Labor’s Occupational Safety and Health Administration …
AM Best: Outlooks Revised to Stable for Texas Farm Bureau Insurance Companies
- December 14, 2018, 5:28 pm
AM Best has revised the outlooks to stable from negative and affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “a” of Texas Farm Bureau Casualty Insurance Co. and Farm Bureau …
Indiana Officer Settles Racial Discrimination Lawsuit for $50K
- December 14, 2018, 5:23 pm
Records show a former western Indiana police officer who appealed his firing has accepted $50,000 to settle a 2015 federal lawsuit alleging racial discrimination. The Tribune-Star reports Jonathan Stevens signed an agreement in January 2017 to resolve the complaint he’d …
ICT: Central Texas October Flood Insured Losses Top $22M, So Far
- December 14, 2018, 5:21 pm
Payments made by FEMA’s National Flood Insurance Program (NFIP) for insured losses from flooding in central Texas in mid-October have exceeded $22 million and could exceed $30 million when all claims have been filed and paid, the Insurance Council of …
Texas Hurricane Harvey Rebuilding Commission: Storm Was a ‘Wakeup Call’
Carlos Anchondo, The Texas Tribune - December 14, 2018, 5:20 pm
A commission convened by Texas Gov. Greg Abbott to focus on rebuilding after Hurricane Harvey issued a report on Dec. 13 saying the state should take a series of steps to prepare for the next big storm, including improving local …
Latest Edition of AMA Guides Lowers Impairment Ratings in Workers’ Compensation
- December 14, 2018, 4:26 pm
For workers injured at work, the amount of compensation they receive depends on which edition of the medical guidelines on evaluating impairments is used. The American Medical Association (AMA) Guides to the Evaluation of Permanent Impairment is used in workers’ …
Authorities: At Least $3B to Clear Debris from Homes Destroyed By California Wildfires
Paul Elias - December 14, 2018, 3:48 pm
State and federal authorities estimate that it will cost at least $3 billion to clear debris from 19,000 homes and businesses destroyed by three California wildfires last month. The disaster relief officials said the cleanup costs will far surpass the …
More Than 100 Buildings Found Unsafe After Alaska Quake
- December 14, 2018, 3:43 pm
More than 100 homes and buildings in the Anchorage area have been found unsafe to enter because of damage caused by the magnitude 7.0 earthquake, according to city data. At least another 182 buildings received some kind of damage from …
SEC Actions Against Public Companies Surged in Second Half
- December 14, 2018, 3:39 pm
The number of new U.S. Securities and Exchange Commission (SEC) enforcement actions against public companies and subsidiaries jumped substantially in the second half of fiscal year 2018. According to a report by the NYU Pollack Center for Law & Business …
California Regulators to Look at New Blackout Rules to Prevent Deadly Wildfires
Mark Chediak - December 14, 2018, 3:33 pm
California regulators have decided they need to step in and help determine when power blackouts are appropriate to prevent wildfires after a series of deadly blazes linked to electrical equipment. Utilities PG&E Corp., Edison International and Sempra Energy have been …
S&P Upgrades Outlook for AXIS
- December 14, 2018, 3:03 pm
AXIS Capital Holdings won an outlook upgrade from Standard & Poor’s Global Ratings as well as an affirmation of its other ratings, thanks to growing confidence in its various strategic initiatives. Standard & Poor’s revised its AXIS outlook to stable …
Connecticut Insurance Department Partnering with RiskGenius in Tech Pilot Program
- December 14, 2018, 2:55 pm
The Connecticut Insurance Department is one of nine state insurance regulators participating in a pilot program to test a web-based platform that uses machine learning. The pilot states are partnering with RiskGenius, a Kansas-based tech company that has developed software …
Massachusetts Lawmakers Grill Natural Gas Execs After September Explosions
Philip Marcelo - December 14, 2018, 2:47 pm
Natural gas companies in Massachusetts are compromising safety by increasingly turning to outside contractors for pipeline work while cutting back on staff that would oversee these projects, state lawmakers said Tuesday at a hearing following September’s natural gas explosions in …
New York Contractor Convicted of Hiring Hit Men for Killing
- December 14, 2018, 2:36 pm
A Schenectady, N.Y., contractor has been convicted of first-degree murder in a scheme to kill a man for life insurance money. A jury convicted 54-year-old Tarchand Lall on Wednesday for hiring hit men from Delaware to kill Charles Dembrosky, who …
AnaCap Equity Firm to Sell French Broker AssurOne Group
- December 14, 2018, 2:33 pm
AnaCap Financial Partners, a private equity firm, has agreed to sell French insurance broker AssurOne Group to Societe Centrale Prevoir SA, an asset management firm based in Paris. AOG specialises in online distribution and management of personal insurance products. AnaCap …
Schumer Says Farm Bill Will Help New York Dairy Farmers
- December 14, 2018, 2:26 pm
Sen. Chuck Schumer says the sweeping farm bill approved by Congress will help New York dairy farmers. The Senate’s Democratic leader says the bill invests $100 million in the federal dairy insurance program to help make it work better for …
UN Talks Seeking Climate Rulebook Reflect U.S.-China Tension
Jeremy Hodges - December 14, 2018, 1:48 pm
China accused some of the richest nations in the world of “backsliding” on pledges to clean up pollution and provide $100 billion a year in climate-related aid by 2020. The comments at a United Nations conference on global warming in …
Markel’s Maher Joins AXIS Cyber Team
- December 14, 2018, 8:00 am
AXIS Insurance announced the hiring of Andrew Maher as senior cyber underwriter. Maher joins AXIS from Markel in London, where he spent two years as a senior cyber underwriter. He began his career at Beazley, where he held several underwriting …
Agents Warned About E&O Risks in Claiming Cyber, Cannabis Expertise
Denise Johnson - December 14, 2018, 6:00 am
Insurance agents and brokers who market themselves as experts in cannabis or cyber could wind up regretting that positioning. Because both are relatively new exposures subject to changing regulations and coverages, producers marketing themselves as experts could face scrutiny, lawsuits …
Toy Wars: Lego Sues to Halt Sales of Zuru ‘Copycat’ Figurines at Walmart
Susan Decker - December 14, 2018, 6:00 am
Lego A/S wants to make sure any plastic toy figurine unwrapped in an American home during the holidays isn’t what the toymaker calls a copycat of its own products. The Danish toymaker is asking a federal judge in Connecticut to …
Possible Drone Strike on Aeromexico Jetliner Under Investigation
Andrea Navarro and Alan Levin - December 14, 2018, 6:00 am
Grupo Aeromexico SAB is investigating whether a drone slammed into a Boeing Co. 737 jetliner as the aircraft approached its destination in Tijuana, Mexico, on the U.S. border. Images on local media showed considerable damage to the nose of the …
Analysts See Autonomous Flying Vehicles Taking Off
Esha Dey - December 14, 2018, 6:00 am
Flying cars, long a staple of science fiction, may be landing in the real world sooner than you think. Sleek vehicles floating above their more chaotic, terrestrial siblings are common trope in stories of a more technologically advanced future that …
Florida Judge Rules Deputy Had Duty to Protect in Parkland School Shooting Suit
Terry Spencer and Curt Anderson - December 14, 2018, 5:47 am
A judge has rejected a deputy’s claim that he had no duty to confront the gunman during the school shooting in Parkland, Florida. Refusing to dismiss a lawsuit filed by the parent of a victim, Broward Circuit Judge Patti Englander …
4.4 Earthquake Jolts Tennessee, Also Felt in Atlanta
- December 14, 2018, 5:35 am
An earthquake that struck eastern Tennessee early Wednesday could be felt as far away as Atlanta, the U.S. Geological Survey said. The light earthquake occurred about 4:15 a.m., and was centered about 7 miles (about 10 kilometers) northeast of Decatur. …
Athens Insurance Agency of Tennessee Partners with United Benefit Advisors
- December 14, 2018, 5:34 am
United Benefit Advisors (UBA), a nationwide independent employee benefits advisory organization, has added Athens Insurance Agency as one of its partner agencies. Athens Insurance Agency provides affordable personal, commercial, and employee benefits coverage. The company is located in Athens, Tenn., …
5Star Specialty to Assume Distribution of Protective Insurance’s Public Auto Offering
- December 14, 2018, 5:23 am
Protective Insurance Co. and 5Star Specialty Programs have expanded their partnership in the public auto market, making 5Star Protective’s sole distribution source for its commercial auto insurance offering in the public auto (charter/school bus and limo) segment. Protective has partnered …
Jury Rules Against Smithfield Foods in Another Hog Nuisance Suit
- December 14, 2018, 5:04 am
A federal jury is again siding with neighbors who complained that a Smithfield Foods industrial-scale hog operation in North Carolina was such a nuisance it damaged how they lived their lives. The jury on Wednesday said eight neighbors should be …

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