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Today’s Insurance News
Source: Insurance Journal
Arthur J. Gallagher Acquires The Jack Nebel Companies in Illinois
- July 16, 2018, 9:19 pm
Arthur J. Gallagher & Co. has acquired North Barrington, Ill.-based The Jack Nebel Companies Inc. Terms of the deal were not disclosed. Jack Nebel, Brian Nebel and their associates will continue to operate from their current location under the direction …
Workers’ Comp ‘Disruptor’ Launching in California for Injured Farm Employees
- July 16, 2018, 8:55 pm
An insurtech startup says it will disrupt California’s workers’ compensation system with “technology-enabled triage and care coordination” for California Farm Management. ChronWell, a mobile platform for the workers’ comp industry, announced on Monday that it will launch its pilot program …
J.M. Wilson Taps Francis, Gibbons and Hassan in Midwest
- July 16, 2018, 7:39 pm
J.M. Wilson has named Steve Francis as assistant transportation underwriter in the Arlington Heights, Ill. office. The firm has also named Ryan Gibbons a transportation underwriter in the Westerville, Ohio office, and Sarah Hassan as agency information coordinator in the …
New Orleans Won’t Have to Return $2B in Hurricane Katrina Grants
- July 16, 2018, 7:24 pm
Congressman Cedric Richmond says New Orleans can keep $2 billion in Federal Emergency Management Agency grants approved to fix sewers and water pipes damaged by Hurricane Katrina. A Department of Homeland Security audit last July said FEMA should take back …
The Doctors Co. in California Names Bashaw Senior Vice President
- July 16, 2018, 7:18 pm
Napa, Calif.-based The Doctors Co. has named Kerin Torpey Bashaw senior vice president of patient safety and risk management. Bashaw reports to Bill Fleming, chief operating officer. Bashaw has more than 20 years of experience. She has held a variety …
Willis Towers Watson Names Botkin as Health Care Industry Lead
- July 16, 2018, 7:00 pm
Insurance broker Willis Towers Watson has appointed Mary Botkin, as health care industry lead in its Corporate Risk and Broking (CRB) segment. Botkin will be responsible for delivering the company’s integrated risk management strategy to its health care portfolio, including …
Southwest Louisiana Considering Bike-Sharing Programs
- July 16, 2018, 3:49 pm
Southwest Louisiana officials are looking at bike-sharing. Bike-sharing programs use computers and GPS to track bicycles, rented through a smartphone app by the hour or half-hour. Baton Rouge and St. Tammany Parish are investigating whether to start such programs. New …
Conservative States Like Oklahoma Balk at Voter-Approved Medical Marijuana
Sean Murphy and Andrew DeMillo - July 16, 2018, 3:47 pm
Pot advocates celebrated the culmination of a yearslong effort to ease restrictions on the use of cannabis last month when nearly 60 percent of Oklahoma voters approved medical marijuana. Oklahoma’s proponents had even included a two-month deadline for the implementation …
North Dakota Official Says Tornado Warning Worked, But Residents Didn’t Hear It
- July 16, 2018, 3:44 pm
All eight outdoor warning sirens in a North Dakota oil patch city were sounded before a deadly tornado ravaged an RV park, but park residents and others said they didn’t hear them, authorities said. A newborn baby was killed and …
Michigan Governor Wants to Sue 3M for Costs of Contamination
- July 16, 2018, 3:40 pm
Gov. Rick Snyder wants Michigan to sue the manufacturer of chemicals linked to contaminated water detected at military bases and industrial sites across the state. Snyder wrote a letter to Attorney General Bill Schuette seeking a lawsuit against 3M. The …
Minnesota Lawsuit Takes on Involuntary Sedations
- July 16, 2018, 3:37 pm
An attorney for a Minneapolis, Minn. man is drawing parallels between his client’s lawsuit and the recent debate over police urging paramedics to sedate unruly people. Forty-eight-year-old John Powell says he suffered breathing problems and needed emergency care after suburban …
Oregon Acknowledges Oversight Lack in Medical Marijuana Program
Andrew Selsky - July 16, 2018, 3:23 pm
How much medical marijuana is in the pipeline in Oregon? The managers of the state’s program concede that they simply don’t know because of lax reporting by producers and a lack of site inspectors. That, they say, creates opportunities for …
Another Lawsuit From Ex-Worker in New Mexico City
- July 16, 2018, 3:20 pm
A northern New Mexico city is facing another lawsuit from a former employer in yet another controversy involving its mayor. The Santa Fe New Mexican reports Martin Gonzales, a former public works director of Las Vegas, N.M., is suing the …
25 Injured When Bus Overturns on California Freeway
- July 16, 2018, 3:19 pm
Authorities say 25 people have been injured after a bus overturned on a Southern California freeway but most of the passengers had minor injuries. The Los Angeles Fire Department says the bus crashed shortly before 4 a.m. Saturday in Pico-Union, …
Toyota Launching App-Controlled Car-Sharing in Hawaii
- July 16, 2018, 2:54 pm
Toyota Motor Corp. launched a Honolulu, Hawaii car-sharing service that enables customers to use smartphones to unlock and start cars for rent by the hour or day. It’s the latest service offered by an automaker that competes with ride-hailing and …
JLT Re Hires Guy Carpenter’s MacColl to Head Credit, Surety for North America
- July 16, 2018, 2:32 pm
JLT Re (North America) has appointed Scott MacColl as head of Credit and Surety for North America. In addition to his role in North America, he will be working with global teams to help build out this specialized practice area …
China’s Anbang Weighs Sale of Hexie Health Insurance: Sources
Manuel Baigorri and Vinicy Chan - July 16, 2018, 2:11 pm
Anbang Insurance Group Co. is weighing a sale of its Hexie Health Insurance Co. unit as the troubled Chinese firm reviews its assets for possible divestment, according to people familiar with the matter. The insurer is in discussions with financial …
Legal Experts See Obstacles for J&J Appeal of $4.7 Billion Talc Verdict
Tina Bellon - July 16, 2018, 1:32 pm
Johnson & Johnson has vowed to appeal a $4.7 billion verdict awarded to 22 women who claim asbestos-contaminated talc in the company’s products gave them ovarian cancer by arguing the plaintiffs’ science was flawed and the case should not have …
Fire at Historic Maine Fairground Blamed on Electrical Malfunction
- July 16, 2018, 12:58 pm
The Maine Fire Marshal’s office says the blaze that destroyed two buildings and damaged several others at a historic fairground was accidental. Fire investigators said that the fire at the Fryeburg Fairgrounds was caused by an electrical malfunction inside a …
New Hampshire Couple Claims Restaurant Over-Served Drunk Man in Assault
- July 16, 2018, 12:55 pm
A New Hampshire couple has filed a lawsuit against a Portsmouth, N.H., restaurant saying it over-served an intoxicated patron who attacked the husband and gave him a concussion. The Portsmouth Herald reports the Vrettoses say in their lawsuit Demeter’s Steakhouse …
Report from New York Health Officials Calls for Pot Legalization
David Klepper - July 16, 2018, 12:42 pm
Proposals to permit recreational marijuana use in New York state took a big step forward Friday when state health officials issued a long-awaited report concluding that the benefits of legalization outweigh the risks. The 74-page analysis from the Department of …
Did Big Data Enable Lloyd’s to Predict France’s World Cup Win? Well, Maybe…
L.S. Howard - July 16, 2018, 12:22 pm
Ahead of the recent World Cup in Russia, Lloyd’s of London predicted that France would be victorious. And victorious they were – with a 4-2 win against Croatia on Sunday. Interestingly, Lloyd’s also predicted Germany’s win against Argentina in 2014. …
UK PM’s Brexit Plans Threatened by Euroskeptics; Others Support 2nd Referendum
Stuart Biggs and Robert Hutton - July 16, 2018, 10:28 am
Theresa May’s long-running battle with her divided Conservative Party took a potentially more dangerous turn, as one of her former ministers began assembling lawmakers to vote against her Brexit plans. Euroskeptic Tories are angry that the prime minister wants to …
NTT DATA UK to Provide Robotics Services for TMK’s Marine Transactions
- July 16, 2018, 8:32 am
NTT DATA UK, a Tokyo-based consulting and IT services provider, announced it has entered into a partnership to provide robotics services to Tokio Marine Kiln (TMK). NTT DATA UK’s Cargo 10 Virtual Worker is the first of several planned Robotic …
UK Retailer Debenhams Denies Cash Crunch From Cut in Suppliers’ Credit Insurance
- July 16, 2018, 8:08 am
British department store retailer Debenhams said it had a healthy cash position after a media report on Sunday saying insurers had cut cover for its suppliers sent its shares lower. Shares in Debenhams fell as much as 8 percent on …
Sustainable Re/Insurance Industry Vital in Uncertain World: Swiss Re’s Ojeisekhoba
Moses Ojeisekhoba - July 16, 2018, 7:52 am
Following Hurricane Katrina in 2005, former U.S. Vice President Al Gore described it as “the first taste of a bitter cup that will be proffered to us over and over again.” That devastating event killed more than 1,800 people and …
U.S. Sanctions Likely to Ban Use of Lloyd’s IT Platform for Processing Iran Insurance
Carolyn Cohn and Jonathan Saul - July 16, 2018, 6:07 am
New U.S. sanctions are likely to prevent the use of a Lloyd’s of London IT platform for any Iran insurance, adding to difficulties for European insurers providing cover for the country. European insurers, reinsurers, brokers and shipping firms have been …
Judge Rules Airbnb Can’t Dodge Aimco’s Illegal Sublease Claims in Miami
Edvard Pettersson - July 16, 2018, 5:03 am
Airbnb Inc., having escaped a major U.S. landlord’s lawsuit over partying tourists at high-end Los Angeles apartments, will have to defend itself against the same allegations by the same landlord in Miami. A Florida state court judge on Wednesday denied …
Insurance Industry Is Rethinking Cat Modeling After Last Year’s Disasters
Elizabeth Blosfield - July 16, 2018, 5:00 am
After Hurricane Harvey swept through Texas last August, it not only left behind nearly 50 inches of rain in some areas and an estimated $125 billion in damage, but questions for the insurance industry in terms of how to approach …
P/C Insurers Double Q1 Profit on Tax Changes, Growing Economy, Lower Cat Losses
Andrew G. Simpson - July 16, 2018, 5:00 am
Tax reform, a growing economy and lower catastrophe losses helped U.S. property/casualty insurers more than double their first quarter profit this year. Insurers’ net income after taxes surpassed $17 billion during the first three months of the year, compared to …

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