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Today’s Insurance News
Source: Insurance Journal
Houston’s Harvey-Damaged Courthouse to Reopen in Early June
- May 22, 2018, 3:05 pm
Some floors of the Hurricane Harvey-damaged main criminal courthouse in downtown Houston will reopen next month as part of the $70 million repair project likely not finished until 2019. Harris County officials say the Criminal Justice Center on June 4 …
Weather Service: Possible Tornado Touched Down in North-Central Oklahoma
- May 22, 2018, 3:01 pm
The National Weather Service in Tulsa says a possible tornado touched down in north-central Oklahoma. Meteorologist Joe Sellars says the potential twister was only on the ground briefly Saturday afternoon between the towns of Fairfax and Ralston, west of Pawhuska, …
Quakes Could Affect Oklahoma Infrastructure, Experts Say
- May 22, 2018, 2:58 pm
Experts are looking at how Oklahoma’s seismic activity impacts critical infrastructure as frequent, low-level earthquake swarms continue to pop off throughout the state. The Tulsa World reports that Oklahoma has experienced 80 earthquakes of 3.0 or greater magnitudes this year …
Woman Awarded $1.2M in New Mexico Stolen Car Crash
- May 22, 2018, 2:45 pm
A Santa Fe County, N.M. jury has awarded an 80-year-old woman more than $1.2 million after she was injured in a crash involving a stolen car chased by Santa Fe police. The Santa Fe New Mexican reports the jury decided …
Man Dies After Tesla Crashes into Pond in California
- May 22, 2018, 2:39 pm
Authorities in California’s San Francisco Bay Area are investigating the death of a man after a Tesla car he was driving veered off a road, crashed through a fence and into a pond. KTVU-TV reports that rescuers pulled the submerged …
Supreme Court Pro-Arbitration Ruling a Big Win for Employers
Lawrence Hurley - May 22, 2018, 2:36 pm
The U.S. Supreme Court delivered a blow to the rights of workers on Monday by allowing companies to require them to sign away their ability to bring class-action claims against management, agreements already in place for about 25 million employees. …
J.M. Wilson Names Young Database and Marketing Administrator in Michigan
- May 22, 2018, 2:30 pm
J.M. Wilson has named Tyler Young database and marketing administrator in the Portage, Mich. office. Young is responsible for creating, developing and managing the website, assisting with the administration and management of internal applications, as well as the data analysis …
Former Uber Engineer Files Suit for Harassment, Retaliation
Jonathan Stempel - May 22, 2018, 2:25 pm
A former software engineer at Uber Technologies Inc. has filed a lawsuit against the ridesharing service, claiming she was subjected to years of sexual harassment there and subjected to retaliation for complaining about it. The lawsuit by Ingrid Avendano provides …
American Drivers Grow More Afraid of Driverless Vehicles: AAA
- May 22, 2018, 2:22 pm
Three-quarters (73 percent) of American drivers now say they would be too afraid to ride in a fully self-driving vehicle, up significantly from 63 percent in late 2017. Additionally, two-thirds (63 percent) of U.S. adults report they would actually feel …
Pennsylvania Sues Over Troubled Harrisburg Incinerator Bond Deals
Hilary Russ - May 22, 2018, 1:36 pm
Pennsylvania Governor Tom Wolf’s administration on Monday sued an array of financial, legal and other professional firms over their involvement in a 15-year-old incinerator upgrade project that nearly bankrupted the state capital, Harrisburg. The state sued RBC Capital Markets, Buchanan …
The Hilb Group Acquires New York’s Bentson Insurance Group
- May 22, 2018, 1:31 pm
The Hilb Group LLC (THG) has acquired New York–based Bentson Insurance Group. The transaction became effective May 1, 2017. Founded in 1948, Bentson Insurance Group is a full-service property and casualty insurance agency specializing in home and business insurance as …
New Jersey Reminds Residents, Insurance Companies to Prepare for Hurricane Season
- May 22, 2018, 1:26 pm
The New Jersey Department of Banking and Insurance is urging the insurance and banking companies it regulates, as well as New Jersey residents, to prepare now for hurricane season, which officially begins June 1. All Garden State residents should have …
Ascot US Acquires Inactive Greyhawk Insurance and Specialty
- May 22, 2018, 12:54 pm
Ascot US Holding Corp. has acquired Greyhawk Insurance Co. and its subsidiary Greyhawk Specialty Insurance Co. Greyhawk is a Colorado domiciled admitted lines insurer that has been in runoff since 2006. Greyhawk Specialty is a dormant Rhode Island domiciled excess …
FinTechVisor Seeks to Connect Fintechs, Insurtechs with Traditional Firms
- May 22, 2018, 12:41 pm
Consultant Capgemini and the not-for-profit Efma have launched a platform designed to bring fintechs and insurtechs together with traditional banks and insurers around innovation. The portal, named FinTechVisor, will have a feature that allows bankers and insurers to rate fintechs …
EU’s Data Privacy Law Places AI Use in Insurance Under Closer Scrutiny
Silla Brush - May 22, 2018, 12:13 pm
Regulators are beginning to teach robots who’s the boss. After spending billions of dollars on cutting-edge artificial intelligence technologies, Europe’s banks and insurers face tougher scrutiny of the tools they use to help root out fraud, check borrowers’ creditworthiness and …
Des Moines Ordered to Pay Nearly $1M to Blacklisted Company
- May 22, 2018, 5:58 am
Des Moines, Iowa, has lost a lawsuit and been ordered to pay nearly $1 million in damages to a construction company it blacklisted. A jury made the award last week to Jenco Construction Inc., which is based in Des Moines. …
Kansas Woman Struck by Deputy Settles Lawsuit for $40K
- May 22, 2018, 5:56 am
A Kansas woman who was injured when a deputy crashed into her car while rushing to an accident at a motorcycle race course is settling her lawsuit for $40,000. The Wichita Eagle reports that the Sedgwick County commission approved the …
Missouri Employers Mutual Awards $800K in Workplace Safety Grants
- May 22, 2018, 5:00 am
Workers’ compensation insurer, Missouri Employers Mutual has awarded the company’s fourth round of safety grants to Missouri businesses this month to help them take the next step toward improving workplace safety. To date, MEM has awarded a total of 86 …
Europe’s New Data Privacy Law Boosts Cyber Insurance Sales
Carolyn Cohn - May 22, 2018, 5:00 am
Data privacy rules coming into force this week are giving Europe’s fledgling cyber insurance market a boost as they make companies more aware of the risks caused by customer information breaches. Europe’s General Data Protection Regulation (GDPR), which takes effect …
Congress Considers Tightening Oversight of Foreign Investments
Diane Bartz - May 22, 2018, 5:00 am
A lobbying group representing major foreign companies doing business in the United States including Anheuser Busch Inbev and Siemens said on Friday it had dropped its opposition to bills that would tighten oversight of foreign investment. The U.S. Senate and …
Why Insurance Industry Should Embrace, Not Fear, Artificial Intelligence
Don Jergler - May 22, 2018, 5:00 am
Artificial intelligence isn’t the cold, job killing disruptor many fear it to be – at least it won’t be for many years to come, says Jeff Somers, president of Insureon. Insureon, a bit of a disruptor itself, is a national …
BP Fears Climate Change Lawsuits in U.S.
Kelly Gilblom - May 22, 2018, 5:00 am
After paying more than $65 billion in legal costs for the Deepwater Horizon catastrophe, BP Plc is wary of the risk of lawsuits related to climate change. Chief Executive Officer Bob Dudley raised the topic of class-action lawsuits twice during …
Florida Makes 3 Arrests in ‘Operation Rent-to-Burn’ Arson Crime Ring
- May 22, 2018, 4:03 am
Three additional people have been arrested for their various roles in an arson-for-profit scheme that took place over 7 years in three Florida counties, according to a statement from Chief Financial Officer (CFO) and State Fire Marshal Jimmy Patronis. Yamina …
Icahn Sues AmTrust Directors, Claims Privatization Plan Hurts Investors
Jef Feeley - May 21, 2018, 9:10 pm
Billionaire investor Carl Icahn sued the directors of AmTrust Financial Services Inc., Chief Executive Officer Barry Zyskind and the family that controls the insurer to challenge a plan to take the insurer private, arguing it will shortchange investors. Icahn, who …
XL Catlin Adds Nieves to War, Terrorism, Political Violence Team in Atlanta
- May 21, 2018, 4:54 pm
XL Catlin has promoted Lindsey Nieves to AVP, underwriting manager in its regional US War, Terrorism & Political Violence insurance team for the South and Central zone, which is headquartered in Atlanta. According to Ben Tucker, head of XL Catlin’s …
Supreme Court Backs Employers on Forced Arbitration, Limiting Employee Class Actions
Greg Stohr - May 21, 2018, 2:49 pm
A divided U.S. Supreme Court ruled that employers can force workers to use individual arbitration instead of class-action lawsuits to press legal claims. The decision potentially limits the rights of tens of millions of employees. The justices, voting 5-4 along …
Wisconsin Family Sues Over Stun Gun Death of Mentally Ill Man
- May 21, 2018, 2:38 pm
The family of a mentally ill man who died after Milwaukee, Wis.-area police officers used a stun gun on him has filed a federal civil rights lawsuit against the Village of West Milwaukee. The Milwaukee Journal Sentinel reported the family …
Restrictions on Cellphones While Driving Not Being Added in Louisiana
- May 21, 2018, 2:35 pm
Louisiana will not be enacting a ban on hand-held cellphone use while driving. A House-backed proposal stalled in the Senate, and the regular session ended Friday without action on the bill, killing it. Rep. Mike Huval, a Breaux Bridge Republican, …
Gas Leak Was Cause of Explosion at Houston-Area Plant, Company Says
- May 21, 2018, 2:33 pm
Officials say a gas leak caused an explosion and brief flash fire at a chemical plant near Houston, Texas, resulting in non-life threatening injuries to nearly two dozen workers. Kuraray America says in a news release that ethylene escaping from …
XL Catlin’s Benjamin to Head Zurich North America’s Management Solutions Group
- May 21, 2018, 2:19 pm
Brian Benjamin, a longtime insurance executive with experience in professional liability lines, has joined Zurich North America as head of Management Solutions. Benjamin will be accountable for the performance of the Management Solutions Group (MSG) unit, which is part of …

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