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Source: Insurance Journal
North Carolina Jury Awards $18 million to Estate of Bus Crash Victim
Amy O' Connor - March 30, 2015, 5:30 am

A jury has awarded $18 million to the estate of a Chapel Hill, N.C., man killed in a charter bus crash almost two years ago. WRAL in Raleigh reports the wrongful death lawsuit sought $52 million, but lawyers for Horizon …

The article North Carolina Jury Awards $18 million to Estate of Bus Crash Victim appeared first on Insurance Journal.

Georgia State Agencies Preparing for Medical Marijuana Law
- March 30, 2015, 5:08 am

In an emotional ceremony in his Capitol office, Georgia Governor Nathan Deal signed an executive order Friday ordering state agencies to start preparations now for the enactment of the state’s medical marijuana bill. Deal said he’ll sign it into law …

The article Georgia State Agencies Preparing for Medical Marijuana Law appeared first on Insurance Journal.

Boston Area Expects a Flood of Claims After Record Winter
- March 30, 2015, 1:03 am

After the Big Dig-out, it’s time for the Big Payout. Or will it be the Big Denial? New England’s epic winter is on pace to produce a corresponding number of claims as thousands of homeowners seek to repair damage. Successive …

The article Boston Area Expects a Flood of Claims After Record Winter appeared first on Insurance Journal.

Ex-Pilot’s Suit Says JetBlue Should Have Known He Was Unfit to Fly
- March 30, 2015, 12:31 am

A former JetBlue Airways Corp. pilot whose midair meltdown forced an emergency landing of a 2012 flight on Friday sued the carrier for $14.9 million, saying it should have grounded him because it knew he was incapable of flying. Clayton …

The article Ex-Pilot’s Suit Says JetBlue Should Have Known He Was Unfit to Fly appeared first on Insurance Journal.

Federal Reserve Mulling Insurers’ Proposal for Capital Standards
- March 30, 2015, 12:17 am

The U.S. Federal Reserve is considering a proposal from life insurers that could delay the implementation of a costly nationwide capital framework for the $1 trillion industry, according to records of a recent meeting between the two sides seen by …

The article Federal Reserve Mulling Insurers’ Proposal for Capital Standards appeared first on Insurance Journal.

Obama Gets Chemical Safety Board Chief to Resign
- March 29, 2015, 11:47 pm

The head of a U.S. industrial oversight agency who was dogged by congressional criticism has resigned at President Barack Obama’s request, the White House said. U.S. Chemical Safety Board Chairman Rafael Moure-Eraso stepped down on Thursday, a week after a …

The article Obama Gets Chemical Safety Board Chief to Resign appeared first on Insurance Journal.

NYC Mayor: Someone May Have ‘Inappropriately’ Tapped Gas Line
- March 29, 2015, 3:15 am

Someone may have improperly tapped a gas line before an explosion that leveled three apartment buildings and injured nearly two dozen people, New York City Mayor Bill de Blasio said on Friday, March 27, as firefighters soaked the still-smoldering buildings …

The article NYC Mayor: Someone May Have ‘Inappropriately’ Tapped Gas Line appeared first on Insurance Journal.

Massachusetts Governor Asks for Snow Disaster Declaration
- March 28, 2015, 11:14 pm

Massachusetts Gov. Charlie Baker formally asked the federal government on Friday, March 27, to declare a disaster in 10 Massachusetts counties after a relentless series of winter storms brought record snowfall and frigid temperatures, causing 25 deaths and costing the …

The article Massachusetts Governor Asks for Snow Disaster Declaration appeared first on Insurance Journal.

Pennsylvania Workers’ Comp Rate to Decline for 4th Year
- March 28, 2015, 11:04 pm

The cost of workers’ compensation insurance is declining for the fourth consecutive year in Pennsylvania. The state departments of Insurance and Labor & Industry said on Friday, March 27, that overall rates will decline by 5.99 percent while benefits for …

The article Pennsylvania Workers’ Comp Rate to Decline for 4th Year appeared first on Insurance Journal.

Mass. AG Asks DOI to Reject Proposed Fee Increase for MAIP Policies
Young Ha - March 27, 2015, 11:36 pm

Massachusetts Attorney General Maura Healey’s office sent a letter to the state’s Division of Insurance (DOI) this week, urging regulators to reject the proposed fee hike in the Massachusetts Automobile Insurance Plan (MAIP), the state’s private passenger auto insurance market …

The article Mass. AG Asks DOI to Reject Proposed Fee Increase for MAIP Policies appeared first on Insurance Journal.

N.H. Court: Worker Who Fell Asleep While Driving Due Benefits for Crash Injuries
Young Ha - March 27, 2015, 10:57 pm

The New Hampshire Supreme Court ruled last week that a worker who fell asleep while driving a company truck and hit a utility pole in the course of his employment is entitled to workers’ compensation benefits for the severe injuries …

The article N.H. Court: Worker Who Fell Asleep While Driving Due Benefits for Crash Injuries appeared first on Insurance Journal.

Personal Insurance Federation of Florida Releases TNC Legislation Guidelines
- March 27, 2015, 5:00 pm

Transportation network companies such as Uber and Lyft represent a promising technology that can serve consumers well in the future, but Florida legislators should clarify the insurance requirements for these services in state law in order to adequately protect both …

The article Personal Insurance Federation of Florida Releases TNC Legislation Guidelines appeared first on Insurance Journal.

ProSight, Affinity Partner on Golf, Country, Leisure Club Program
- March 27, 2015, 4:48 pm

ProSight Specialty Insurance and Affinity Agency Group, LLC have partnered to create ClubComplete, a specialized one-stop insurance product for golf, country and leisure club owners and managers. ProSight’s ClubComplete is designed for private golf and country clubs, public golf courses, …

The article ProSight, Affinity Partner on Golf, Country, Leisure Club Program appeared first on Insurance Journal.

New Hampshire Senate Delays Workers’ Compensation Reform Deal
- March 27, 2015, 4:38 pm

New Hampshire state senators have pushed off a deal to reform New Hampshire’s workers’ compensation insurance laws. The chamber voted Thursday to send a tentative deal, which would’ve given providers three years to bring down costs on their own without …

The article New Hampshire Senate Delays Workers’ Compensation Reform Deal appeared first on Insurance Journal.

Los Angeles Woman Awarded $28.2M in Lost Leg Suit Against Kaiser
- March 27, 2015, 4:36 pm

A Los Angeles jury has awarded $28.2 million to a woman who said treatment delays by Kaiser Permanente doctors cost her a leg. City News Service says jurors found that Southern California Permanente Medical Group was negligent. Twenty-three-year-old Anna Rahm …

The article Los Angeles Woman Awarded $28.2M in Lost Leg Suit Against Kaiser appeared first on Insurance Journal.

Los Angeles Mayor Backs Retrofit Tax Measure for Quake Upgrades
- March 27, 2015, 4:34 pm

Saying a big earthquake is inevitable, Los Angeles Mayor Eric Garcetti is supporting a state measure that would offer incentives for people to make their buildings safer during a temblor. City News Service says Garcetti has backed a measure that …

The article Los Angeles Mayor Backs Retrofit Tax Measure for Quake Upgrades appeared first on Insurance Journal.

Michigan’s Auto Insurance Catastrophic Injury Fee to Drop to $150
- March 27, 2015, 4:32 pm

The annual auto insurance fee that Michigan drivers pay toward caring for people catastrophically injured in crashes is dropping from $186 to $150. The Michigan Catastrophic Claims Association announced March 25 that the new per-car assessment for the 12 months …

The article Michigan’s Auto Insurance Catastrophic Injury Fee to Drop to $150 appeared first on Insurance Journal.

Premiums, Claims Severity on Rise in Architects & Engineers Market: Survey
- March 27, 2015, 4:31 pm

For the third consecutive year, most insurers providing professional liability insurance for architects and engineers saw their premium rates increase modestly in 2014, as expectations of larger rate hikes were tempered by steady competition. A new survey by insurance broker …

The article Premiums, Claims Severity on Rise in Architects & Engineers Market: Survey appeared first on Insurance Journal.

Consultant: Self-Insurance for Wisconsin State Employees Premature
- March 27, 2015, 4:30 pm

A consultant says it’s not feasible to move to a self-insurance model for Wisconsin state employees next year. The Wisconsin State Journal reports that the consultant’s report found moving from a competitive HMO model to self-insurance could save the state …

The article Consultant: Self-Insurance for Wisconsin State Employees Premature appeared first on Insurance Journal.

Erie Survey Finds Wide Range of Distracted Behaviors Behind Wheel
- March 27, 2015, 4:30 pm

To discourage distracted driving in conjunction with National Distracted Driving Awareness Month in April, Erie Insurance, based in Erie, Pennsylvania, recently asked drivers what they do behind the wheel. The online survey of 1,915 U.S. drivers aged 18 and older …

The article Erie Survey Finds Wide Range of Distracted Behaviors Behind Wheel appeared first on Insurance Journal.

Texas Fire Investigators Honored for Service
- March 27, 2015, 4:29 pm

A Texas Advisory Council on Arson (ATAC) has honored two Texas fire investigators for their years of service and accomplishments. The two honored were Azle Fire Marshal Kenneth Wilson and Lt. Lorenzo Chavez, a fire investigator with the Irving Fire Department. …

The article Texas Fire Investigators Honored for Service appeared first on Insurance Journal.

One Killed by Falling Beams After 18-Wheeler Hits Texas Bridge
- March 27, 2015, 4:27 pm

One man was reported killed and three injured on March 26 after a tractor trailer truck hit the FM 2484 overpass bridge on Interstate 35 in Central Texas, causing beams to fall on the traffic below. The bridge near the town of Salado, …

The article One Killed by Falling Beams After 18-Wheeler Hits Texas Bridge appeared first on Insurance Journal.

Hochberg Named CEO of JLT Re in North America
- March 27, 2015, 4:19 pm

Reinsurance broker JLT Re has appointed Ed Hochberg as CEO of JLT Re in North America. Hochberg is currently global head of Analytics, Banking and Advisory at JLT Re, having joined as part of the 2013 Towers Watson Re acquisition. …

The article Hochberg Named CEO of JLT Re in North America appeared first on Insurance Journal.

Vertafore Partners to Expand Cloud, Data, Mobile Offerings
- March 27, 2015, 4:08 pm

Insurance software provider Vertafore announced three new partnerships to expand its end-to-end technology offerings for the cloud, data, and mobile spaces at its user conference, NetVU15, now taking place in Indianapolis through Saturday. The company said the new partnerships are …

The article Vertafore Partners to Expand Cloud, Data, Mobile Offerings appeared first on Insurance Journal.

ACA Financial Asks N.Y.’s Top Court to Revive Goldman Suit Over Abacus
- March 27, 2015, 3:53 pm

ACA Financial Guaranty Corp. urged New York’s top court to reinstate a suit accusing Goldman Sachs Group Inc. of conspiring to force it to insure an investment that led to a $550 million settlement with regulators. Goldman failed to disclose …

The article ACA Financial Asks N.Y.’s Top Court to Revive Goldman Suit Over Abacus appeared first on Insurance Journal.

Kentucky DUI Ignition Interlock Bill Heads to Governor
- March 27, 2015, 3:21 pm

Kentucky lawmakers have given final passage to a bill aimed at curtailing drunken driving through use of ignition interlock devices that test the sobriety of drivers. A final version cleared the House and Senate this week as lawmakers neared the …

The article Kentucky DUI Ignition Interlock Bill Heads to Governor appeared first on Insurance Journal.

Supreme Court Omnicare Ruling Addresses Company Opinion Statements
- March 27, 2015, 2:25 pm

The U.S. Supreme Court Tuesday issued a decision that will affect the landscape for securities class actions. In the unanimous ruling, which focused on opinions expressed in documents filed with the U.S. Securities and Exchange Commission, the high court said …

The article Supreme Court Omnicare Ruling Addresses Company Opinion Statements appeared first on Insurance Journal.

Lufthansa Liability May be Unlimited; Insurance in Play
- March 27, 2015, 2:11 pm

Deutsche Lufthansa AG may face unlimited liability for payments to families of victims of the Germanwings jet crashed by its suicidal co-pilot, according to lawyers. “The liability for the victims would be uncapped,” said George Leloudas, a lecturer at Swansea …

The article Lufthansa Liability May be Unlimited; Insurance in Play appeared first on Insurance Journal.

Humana to Exit Workers’ Compensation with Sale of Concentra
- March 27, 2015, 12:26 pm

Humana Inc. has agreed to sell the stock of its subsidiary Concentra Inc., one of the largest occupational health services providers. The buyer will be MJ Acquisition Corp., a joint venture between Select Medical Holdings Corp., an operator of specialty …

The article Humana to Exit Workers’ Compensation with Sale of Concentra appeared first on Insurance Journal.

Heavy Rains Cause Flooding in Usually Bone-Dry Chile Desert
- March 27, 2015, 11:41 am

Flooding caused by abnormally heavy rains cut roads, knocked out electricity and threatened several communities in the usually bone-dry Atacama Desert region early Thursday. Local media quoted police as saying two people had been killed in the coastal town of …

The article Heavy Rains Cause Flooding in Usually Bone-Dry Chile Desert appeared first on Insurance Journal.

Southwest Risk, LP is proud of the many new team members who joined the company in 2014 and January 2015: Catherine Butschek, Jackie Cavazos, Theresa Dworaczyk, Presten Ellsworth, Shannon Flowers, Mike Harris, Wade Kotrla, Kat Krasner, Holly May, Andrew Taylor, Ryan Taylor, Chad Thibodeaux and Wade Wrobel.

2015 is on target to be another exciting year of growth and expansion. We are ready start construction on a new Houston office and continue to actively recruit seasoned insurance professionals to join our winning team!