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Today’s Insurance News
Source: Insurance Journal
Parents of Florida College Student Killed by Garbage Truck Awarded $25M
- October 23, 2018, 4:22 am
Jurors have awarded $25 million to the parents of a University of Florida student who was run over and killed by a garbage truck near campus. The Gainesville Sun reports that an Alachua County jury awarded $12.5 million each on …
Georgia Estimates $250M in Insured Losses from Hurricane Michael
- October 23, 2018, 4:06 am
The Georgia Department of Insurance has estimated insured property losses from Hurricane Michael will reach $250 million, according to a statement Georgia Insurance Commissioner Ralph Hudgens. In figures released Oct. 18, GADOI said more than 35,000 property-related claims were expected. …
Major Surgey Patients Without Opioids Have Shorter Hospital Stays: Research
- October 22, 2018, 8:05 pm
Surgeons at an Ohio hospital have developed a treatment protocol that they say sends people home after operations without any opioids to manage their pain, leading to shorter hospital stays. “Over 75 percent of our elective colorectal patients underwent surgery …
New Report Shows California’s Share of Payroll, Workers’ Comp
- October 22, 2018, 7:09 pm
Californians accounted for 11.9 percent of all jobs covered by workers’ compensation in the U.S. in 2016, 13.9 percent of covered payroll and 19.6 percent of all cash and medical benefits paid for work injuries and illnesses, according to the …
Robertson Ryan & Associates Adds First Dependable Insurance in Nevada
- October 22, 2018, 6:15 pm
Robertson Ryan & Associates Inc. has added First Dependable Insurance in Las Vegas, Nev. with the addition of Tom and Vicky Raasch. Tom and Vicky Raasch own First Dependable Insurance. Tom Raasch focuses on commercial insurance programs for business, but …
Insurtech Profile: Kordinator Adds Empathy to Automated Customer Service
Andrew G. Simpson - October 22, 2018, 6:00 pm
Automated customer service is a fact of life. In fact, many people are more comfortable sharing personal details with a machine than with a human. But automation must appreciate that not every customer is a 40 year-old college graduate, with …
Oregon Woman Sues Bank of America After Losing Money in Scam
- October 22, 2018, 5:14 pm
An Oregon woman is suing Bank of America, claiming a Hillsboro branch transferred $13,000 from her account to scammers. The Oregonian/OregonLive reported Rebekah Adams filed the lawsuit last week, claiming a teller failed to inform her that the money she …
Power Outages Still Plague Florida Panhandle Nearly 2 Weeks After Michael
Brendan Farrington and Jay Reeves - October 22, 2018, 4:56 pm
It’s the greatest need after a hurricane and sometimes the hardest one to fulfill: Electricity. Almost two weeks after Hurricane Michael smashed into the Florida Panhandle on a path of destruction that led all the way to the Georgia border, …
Timber Industry Suffers $1.3B in Losses from Hurricane Michael
- October 22, 2018, 4:42 pm
Trees brought down by Hurricane Michael’s ferocious winds took a heavy toll on life, property and the timber industry in the heavily forested Florida Panhandle, where $1.3 billion in timber was lost, authorities said Friday. Florida Agriculture Commissioner Adam Putnam …
Premium Price for ACA Policies to Decline in Louisiana
- October 22, 2018, 4:37 pm
People searching for health insurance policies in Louisiana will likely fare better than those in many other states as the Nov. 1 annual open enrollment period approaches for the individual marketplace. The Advocate reports data from the Centers for Medicare …
Minnesota Frozen Food Company Recalls 212K Pounds of Pork, Chicken Products
- October 22, 2018, 4:34 pm
Authorities say a Minnesota frozen food and packing company is recalling more than 212,000 pounds of ready-to-eat pork and chicken products that contain vegetables that might be contaminated with salmonella and listeria. The Agriculture Department said in a release issued …
Insurance Office of America Hires Lane in Florida, Expands in Brevard County
- October 22, 2018, 4:32 pm
Insurance Office of America (IOA) has hired industry veteran Phillip Lane to its team as it adds locations in Brevard County, Fla. Lane joins the team as a risk management consultant. Prior to joining IOA, Lane was a producer at …
Land O’Lakes, Gravie to Expand Farmer Health Insurance Plan in Minnesota
- October 22, 2018, 4:30 pm
Land O’Lakes Inc. and Gravie will expand their Farmer Health Insurance Plan in next year in Minnesota. When a law was passed in Minnesota last year allowing agricultural co-op members to band together to purchase group health benefits, Land O’Lakes …
Texas, Oklahoma Panhandles Shaken by Magnitude 4.0 Quake
- October 22, 2018, 4:25 pm
An earthquake shook parts of the Texas and Oklahoma panhandles on Oct. 20. The U.S. Geological Survey says the 4.0 magnitude earthquake was recorded at 8:04 a.m. Saturday about 9 miles (15 kilometers) north-northeast of Amarillo. The temblor was recorded …
After Catastrophic Flooding, Austin Issues First Ever City-Wide Boil Water Notice
Carlos Anchondo, The Texas Tribune - October 22, 2018, 4:24 pm
Early Monday morning, Austin Water issued a boil water notice for all of its customers due to elevated levels of silt from last week’s flooding. The water system is “the most recent infrastructure to struggle to keep up with” the …
Iowa Supreme Court: IDOT officers Can Only Ticket Commercial Vehicles
- October 22, 2018, 4:19 pm
The Iowa Supreme Court has ruled that Iowa Department of Transportation officers do not have authority to issue speeding tickets to or arrest drivers outside of the regulation of commercial vehicles. The finding came Friday in separate 2016 cases in …
Suit Says Safeco Field in Washington Discriminates Against Wheelchair Users
- October 22, 2018, 3:06 pm
Wheelchair users attending Seattle Mariners baseball games at Safeco Field get a “second-class” experience, a nonprofit disability-rights law firm says, and has filed a discrimination lawsuit. The Seattle Times reported that Washington Civil and Disability Advocate filed the lawsuit earlier …
Oregon Worker Lawsuit Says She was Fired After Heavy Corpse Fell on Her
- October 22, 2018, 3:03 pm
A Portland, Ore. cremation worker who says she was sexually harassed and fired after reporting she sustained a back injury when a heavy corpse fell on her has filed a lawsuit seeking $900,000. The Oregonian/OregonLive reported that the sex discrimination …
Sales of Marijuana in Colorado Topped $1B Through August
- October 22, 2018, 3:01 pm
A Colorado reports shows marijuana sales in the state have exceeded $1 billion as of August of this year, with tax revenue from those sales reaching $200 million. The Denver Post reports the state Department of Revenue report indicates medical …
California Moving Ahead with Marijuana Delivery Regulations
Brian Melley - October 22, 2018, 2:58 pm
California moved a step closer Friday to allowing marijuana deliveries in communities that have banned retail sales of the drug as regulators rebuffed cities and police chiefs who are opposed to the rule. The proposal is a major issue that …
USI Insurance Services Acquires Pennsylvania’s Beneficial Insurance Services
- October 22, 2018, 2:10 pm
USI Insurance Services (USI), a provider of insurance brokerage and risk management services, has acquired Philadelphia, Penn.-based Beneficial Insurance Services, a wholly owned subsidiary of Beneficial Bancorp Inc. Founded in 2005, the insurance brokerage provides commercial property and casualty, personal …
No Trial for Amtrak Engineer in Deadly Pennsylvania Crash Until 2019
- October 22, 2018, 2:02 pm
An Amtrak engineer charged with manslaughter in a deadly high-speed derailment in Philadelphia won’t go on trial until next year because of delays in getting evidence from federal investigators. A lawyer for Brandon Bostian says neither he nor state prosecutors …
Insurance Broker Hays Companies to Be Brown & Brown’s Biggest Acquisition
- October 22, 2018, 2:01 pm
Brown & Brown Inc. has agreed to acquire the assets of the Hays Companies insurance operations. The deal for the Minnesota-based insurance broker with $200 million in revenues marks the largest acquisition ever by Brown & Brown in its 75-year …
Vermont Construction Company Investigated After Death of Employee
- October 22, 2018, 1:33 pm
Federal officials are investigating a Vermont roofing and construction company whose employee died in a fall at a job site in New Hampshire. The Brattleboro Reformer reports the Occupational Safety and Health Administration opened an investigation into Jancewicz & Son …
As Tornadoes Shift Eastward, Scientists Explore Why
Seth Borenstein - October 22, 2018, 12:51 pm
Over the past few decades tornadoes have been shifting — decreasing in Oklahoma, Texas and Kansas but spinning up more in states along the Mississippi River and farther east, a new study shows. Scientists aren’t quite certain why. Tornado activity …
How States Are Battling Distracted Driving
Kyle Stock - October 22, 2018, 12:26 pm
Like many diligent public servants, Georgia state Representative Ed Setzler enjoys crowing about a nice, tidy highway project. In a Sept. 8 Facebook video, the Republican appeared to be doing just that from behind the wheel of a car. This …
AIR Worldwide Develops Probabilistic Model for Global Cyber Risks
- October 22, 2018, 10:58 am
Catastrophe risk modeling firm AIR Worldwide announced it has developed a probabilistic model for cyber risk, which is capable of accounting for security breach and cloud service provider downtime incidents for insurance portfolios worldwide. AIR’s probabilistic cyber model estimates the …
London Market Group to Offer Faster Solution for Coverholder Approval
- October 22, 2018, 10:35 am
The London Market Group (LMG) announced that a contract has been signed with Sequel to deliver a faster and more efficient solution for approving and registering coverholders, and a new integrated tool for generating delegated authority binder contracts. This is …
Miller Agrees to Acquire London Re/Insurance Broker Alston Gayler
- October 22, 2018, 9:46 am
Miller announced it has entered into a definitive agreement to acquire Alston Gayler and Co. (AG), majority owned by Nelson Holdings Ltd. AG is an independent London market re/insurance broker specializing in multiple lines of business, said Miller, noting that …
Billionaire Li’s FWD Group Nearing Deal to Buy CBA’s Indonesia Unit
Joyce Koh, Manuel Baigorri, Emily Cadman and Fathiya Dahrul - October 22, 2018, 9:34 am
Billionaire Richard Li’s FWD Group is nearing an agreement to buy control of Commonwealth Bank of Australia’s Indonesian life insurance arm, people familiar with the matter said, in a deal that would boost the tycoon’s presence in one of the …

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