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Today’s Insurance News
Source: Insurance Journal
CSAA Chief Downey to Retire after 45 Years
- August 21, 2018, 7:15 pm
Paula Downey, president and CEO of CSAA Insurance Group in California since 2010, will retire following a search for her successor. Downey recently led the AAA insurer through a six-year infrastructure transformation. She was in the insurance business for 45 …
Farmers in California Names Wilson Chief Information Officer
- August 21, 2018, 6:11 pm
Woodland Hills, Calif.-based Farmers Insurance has named Paul Wilson the new chief information officer. Wilson will serve as a member of the insurer group’s senior leadership team and oversee the development and application of all strategic IT initiatives. Wilson joins …
California Commissioner OKs State’s First Insurtech Title Insurer
- August 21, 2018, 5:46 pm
California Insurance Commissioner Dave Jones has approved a license for States Title, the first insurtech title insurer licensed and domiciled in California. States Title Insurance Company of California will use data-driven technology to predict the risk and severity of a …
11 Ways to Balance Technology with Personal Touch to Engage Customers
- August 21, 2018, 3:44 pm
Technology does a lot but it can’t do everything. Sometimes insurance agents and other business people forget that. They become so dependent on email and social media that they lose sight of what people really need from them. Yes, clients …
New York Man Pleads Guilty in the Killing of His Girlfriend’s Mother
- August 21, 2018, 3:34 pm
A New York man charged in the killing of his girlfriend’s mother for insurance money has pleaded guilty. WHEC-TV in Rochester reports Knowledge Couser entered his plea Thursday to murder charges in connection with the death of 52-year-old Julie Martin. …
Missouri Man Files Lawsuit Over Deadly 2015 Shooting of Son
- August 21, 2018, 3:23 pm
The father of a man killed in a St. Louis, Mo. police shooting has filed a wrongful death lawsuit. The St. Louis Post-Dispatch reported that the federal lawsuit alleges that Mansur Ball-Bey was unarmed in August 2015 when he was …
Weather Service Confirms Tornado in Southwest Missouri
- August 21, 2018, 3:13 pm
Authorities say storms have damaged trees, downed power lines and churned up at least one small tornado in southwest Missouri. National Weather Service meteorologist Drew Albert says an EF-0 tornado has been confirmed near Diggins in Webster County. It uprooted …
Heavy Rain Dumped by North-Central Arkansas Storm
- August 21, 2018, 3:11 pm
Storms moved across northern Arkansas, dumping heavy rain and causing flooding in the town of Clinton. National Weather Service meteorologist Sean Clarke in Little Rock says 5.1 inches of rain fell in about a two-hour period Sunday night in the …
Oklahoma Concert-goers Injured by Powerful Storm
- August 21, 2018, 3:08 pm
An Oklahoma casino says 14 people suffered cuts and bruises when a powerful rainstorm toppled entrance trusses and disrupted the start of an outdoor concert by the Backstreet Boys. Kym Koch-Thompson, spokeswoman for the WinStar World Casino and Resort, says …
UK Insurers Push Ahead with Brexit Plans in Absence of Trade Deal: A.M. Best Report
L.S. Howard - August 21, 2018, 2:54 pm
In the absence of a Brexit trade deal between the United Kingdom and the European Union, insurers in the UK have accelerated their plans to establish new EU subsidiaries and ensure business continuity after Brexit, according to a report published …
Federal Government Will Shrink California Beach City’s Flood Zone
- August 21, 2018, 2:51 pm
A report says a Southern California beach city has persuaded federal officials to exclude about 2,700 coastal properties from updated flood maps, saving homeowners thousands in insurance costs. The Los Angeles Times reported that as a result, homeowners in parts …
Colorado Rafting Outfitter Says Waiver Means It’s Not Liable for Death
- August 21, 2018, 2:49 pm
A Colorado rafting company says it can’t be held responsible for the 2016 death of a Maryland man because the victim signed a waiver before entering the boat. Aspen Whitewater Rafting filed a counterclaim Aug. 8 in the U.S. District …
FBI Seeks Help to Find Art Depicting Old West Stolen from New York City Home
Karen Matthews - August 21, 2018, 1:42 pm
The FBI is seeking the public’s help in rounding up more than a half-million dollars’ worth of artworks that were stolen in 1983 from the New York City home of an artist known for his scenes of the American West. …
Study Says Uber Had No Impact on Some Crash Rates in Virginia
- August 21, 2018, 1:30 pm
A recent study finds no evidence that ride-hailing app Uber reduced the number of serious car wrecks in Virginia. The research also found no change in the likelihood that a fatal crash involved alcohol. The College of William & Mary …
Repko Joins AIG as AIG Chief Information Officer, Replacing Gallo
- August 21, 2018, 1:11 pm
American International Group announced that John P. Repko will join the company as executive vice president, chief information officer, effective September 4, succeeding Martha Gallo, who the insurer said is leaving AIG to pursue other interests. Repko will be responsible …
Lafreniere Joins Slice Labs as Chief Growth Officer to Work with Insurers
- August 21, 2018, 12:56 pm
On-demand insurance platform Slice Labs Inc. has hired Philippe Lafreniere as chief growth officer to work with carriers on the development of digital insurance products serving business and consumers. Lafreniere brings 25 years of global insurance technology experience to the …
Augmented Reality Property Claims Venture Raises $3.9 Million
- August 21, 2018, 12:39 pm
PLNAR, an augmented reality service that creates, fully measured, real-time 3D models of any room, has raised $3.9 million in a Series A investment round led by insurtech and healthcare venture capital fund ManchesterStory Group. Additional funding came from The …
Republicans Move to Clarify Tax Provision on Sexual Harassment Claims
David Morgan - August 21, 2018, 12:16 pm
U.S. Senate Republicans on Thursday sought to correct a section of President Donald Trump’s tax overhaul that threatened to prevent sexual harassment victims from claiming a tax deduction for the legal costs they incur while pursuing their cases. In a …
Chubb Appoints Wong as Country President for Hong Kong, Taiwan & Macau
- August 21, 2018, 10:53 am
Chubb has appointed Stanley Wong as country president for Hong Kong, Taiwan & Macau, effective Oct. 1, 2018. He replaces Doug White, who was appointed to the role of head of the Major Accounts Division for Chubb in Asia Pacific. …
AIR Worldwide Estimates Insured Losses from Japan Floods Could Reach US$4B
- August 21, 2018, 10:31 am
Industry insured losses from the flooding in western Japan caused by excessive rainfall from June 28 to July 8, 2018, will be between JPY284 billion (US$2.6 billion) and JPY423 billion (US$4.0 billion), according to Boston-based catastrophe modeling firm AIR Worldwide. …
Genoa Bridge’s ‘Unusual’ Design Investigated as Possible Contributor to Collapse
Alexandra Olson - August 21, 2018, 9:52 am
The bridge that collapsed in the Italian port city of Genoa was considered a feat of engineering innovation when it was built five decades ago, but it came to require constant maintenance over the years. Its design is now being …
China’s Ping An Insurance Profits Rise 34% in First Half, Biggest in 10 Years
- August 21, 2018, 9:28 am
Ping An Insurance Group Co. of China , the country’s largest insurer by market value, on Tuesday reported its biggest half-yearly profit in at least a decade on robust customer growth. The results underline strength in Ping An’s business versus …
Extreme Weather Risk Grows as Warming Earth Disrupts High-Altitude Winds: Study
Alister Doyle - August 21, 2018, 9:12 am
Scorching summer heatwaves and downpours are set to become more extreme in the northern hemisphere as global warming makes weather patterns linger longer in the same place, scientists said on Monday. They said there was a risk of “extreme extremes” …
VW’s CEO Knew About Cheating Software Before Scandal Emerged: Der Spiegel
- August 21, 2018, 8:56 am
Volkswagen Chief Executive Herbert Diess was told about the existence of cheating software in cars two months before regulators blew the whistle on a multi-billion exhaust emissions scandal, German magazine Der Spiegel said. Der Spiegel’s story, based on recently unsealed …
Benetton Family’s Wealth Drops by $2B After Genoa Bridge Disaster
Devon Pendleton and Tommaso Ebhardt - August 21, 2018, 8:45 am
Fallout from the Genoa bridge disaster has erased about $2 billion of net worth from one of Italy’s richest families. The billionaire Benettons control 30.25 percent of Atlantia SpA, the construction company and toll-road owner that operated the Morandi Bridge …
Artist R. Kelly Accused of Damaging Georgia Rental Homes in Lawsuit
- August 21, 2018, 6:17 am
An Atlanta-area property company is suing Grammy-winning R&B artist R. Kelly for $203,400 over “extensive damage” to two homes he rented. The Atlanta Journal-Constitution reports SB Property Management Global, LLC., based in East Point, filed the lawsuit Wednesday. It says …
Sentenced for Workers’ Comp Fraud, Ohio Home Remodeler Must Repay $255K
- August 21, 2018, 5:57 am
The owner of a residential construction business in Dayton who under reported his payroll by millions of dollars to lower his workers’ comp premiums has been sentenced for workers’ compensation fraud, the Ohio Bureau of Workers’ Compensation (BWC) reported. Honorato …
Ohio Tool Manufacturer Faces $213K in OSHA Penalties for Amputation Hazards
- August 21, 2018, 5:50 am
Federal safety officials have proposed $213,411 in penalties against an Ohio manufacturer for amputation hazards at the company’s workplace. The U.S. Department of Labor’s Occupational Safety and Health Administration (OSHA) cited ArtiFlex Manufacturing for exposing workers at its Wooster location …
Why Organizations Cover Up Sex Abuse Scandals
Tamara Lush - August 21, 2018, 5:00 am
Of all the horrific details contained in the Pennsylvania grand jury report on child sexual abuse in the Catholic Church, one sentence stands out: “The main thing was not to help children, but to avoid `scandal.”’ When sex-abuse cases dominate …
Texas Workers’ Comp Fraudster Sentenced for Double Dipping
Don Jergler - August 21, 2018, 5:00 am
A Travis County, Texas district court has sentenced Gary Hunt of Austin on workers’ compensation fraud charges. Hunt reported a job-related injury while working as a sales coach for Radiant Plumbing Service Inc., and claimed he was unable to work …

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