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Today’s Insurance News
Source: Insurance Journal
Alberto, 2018’s First Named Storm, Heading for Florida, Southeast Coast
Brian K. Sullivan - May 25, 2018, 3:54 pm
Meet Alberto, the first named storm of 2018. The sub-tropical storm off Mexico’s Yucatan Peninsula is expected to bring heavy rain to western Cuba and much of Florida early next week, the National Hurricane Center in Miami said Friday. Alberto …
Illinois Lawmakers Send Governor Bill Legalizing Industrial Hemp
- May 25, 2018, 3:47 pm
The Illinois House has sent the governor a measure legalizing industrial hemp. The House voted 106-3 this week to allow hemp cultivation for commercial use. Hemp is a form of the cannabis plant distinct from marijuana. It does not produce …
Oklahoma Earthquakes Lead to More Injection Well Shut Downs
- May 25, 2018, 3:46 pm
The Oklahoma Corporation Commission’s Oil and Gas Division is directing some injection wells in north-central Oklahoma reduce injection volumes and others to stop operations. The directive issued Wednesday comes after the U.S. Geological Survey recently recorded several earthquakes in the …
Michigan Legislators Decide Motorists Need 3-Foot Distance to Pass Bikes
- May 25, 2018, 3:34 pm
Michigan drivers would have to allow 3 feet of clearance or a “safe passing distance” while going by a bike on the road as part of a legislative compromise that could reach the governor soon. The Senate voted 36-1 this …
Offshore Worker Alleges Bias in Louisiana Lawsuit
- May 25, 2018, 3:31 pm
An African-American offshore oil worker has filed a federal lawsuit saying he was intimidated on the job by a supervisor who drew a picture of him dangling from a high rig structure while surrounded by co-workers in Ku Klux Klan …
Ohio Homeowner Trying to Kill Weeds Burns Down Garage
- May 25, 2018, 3:28 pm
Authorities say a Ohio homeowner trying to kill troublesome weeds with a torch has burned down his garage. The Springfield News-Sun reported Springfield Township firefighters in central Ohio were called to a home around 4 a.m. Thursday for a detached …
Virginia Governor Northam Vetoes GOP Healthcare Bills
- May 25, 2018, 3:15 pm
Virginia Gov. Ralph Northam has vetoed a handful of GOP-backed bills related to health care. Northam vetoed a bill that would have allowed all groups like the Virginia Chamber of Commerce to pool their members together in a group to …
Southern California Agents Arrested for Fraud
- May 25, 2018, 3:12 pm
California-based life insurance agents, Samuel Tadlock III, 32, of Eastvale, Marlene Ramirez, 42, of Murrieta, Daniel Herrarte, 34, of Sylmar, and Jorge Lopez Jr., 38, of San Fernando, were arrested this week on multiple felony counts of identity theft and …
Fired Oregon Dispatcher Settles Suit for $75,000
- May 25, 2018, 2:59 pm
The city of Springfield, Ore. has agreed to pay $75,000 to settle a 2014 lawsuit by a dispatcher who said she was wrongly fired after accusing officers of inappropriate conduct. The Register-Guard reported that a joint statement from the city …
Hawaii, Central Pacific Could See Handful of Hurricanes This Season
- May 25, 2018, 2:56 pm
The Central Pacific could see anywhere from three to six hurricanes over the next six months, forecasters predicted Wednesday. That would be an increase over the two named storms last year. Storm activity is likely to be normal or a …
Ex-CFO in New Jersey Gets Prison Term for Stealing More Than $1M
- May 25, 2018, 1:58 pm
The former chief financial officer of a New Jersey orthopedic care provider is headed to prison for stealing more than $1 million from the company for his personal use. Harry Wolfmuller received a two-year sentence Wednesday and must pay $1,175,720 …
Southwest Crew Detail Engine Explosion Causing Emergency Philadelphia Landing
- May 25, 2018, 1:54 pm
The flight crew on the Southwest Airlines jet that was forced to make an emergency landing in Philadelphia after an engine exploded described the harrowing experience in their first joint interview on Wednesday. Capt. Tammie Jo Shults called her first …
GDPR Day 1: Privacy Activist Files Complaints Against Tech Giants Over ‘Forced Consent’
Douglas Busvine and Lucy Fielder - May 25, 2018, 1:17 pm
As Europe’s new privacy law took effect on Friday, one activist wasted no time in asserting the additional rights it gives people over the data that companies want to collect about them. Austrian Max Schrems filed complaints against Google , …
GDPR Day 1: Wake-Up Call for Many; Media Sites Shut EU Access
Julia Fioretti - May 25, 2018, 1:10 pm
New European privacy regulations went into effect on Friday that will force companies to be more attentive to how they handle customer data. The ramifications were visible from day one, with major U.S.-media outlets including the LA Times and Chicago …
Sexual Harassment Policy Changes Not High on Japan’s Corporate Agenda
Thomas Wilson - May 25, 2018, 12:57 pm
Three-quarters of Japanese companies have made no changes to sexual harassment policies over the last year and don’t plan to do so, a Reuters poll found, though awareness of harassment is on the rise. The survey results come after a …
First Blockchain for Marine Insurance Now Running
Andrew G. Simpson - May 25, 2018, 12:15 pm
A blockchain that is said to be the first for $30 billion marine insurance is now in commercial use, according to a coalition of technology, insurance, marine and consulting businesses. EY, Guardtime, A.P. Møller-Maersk, Microsoft and insurance partners Willis Towers …
3 Things Insurance Professionals Should Know in Honor of Wine Day
Don Jergler - May 25, 2018, 5:00 am
National Wine Day is a thing. And it’s today. Oenophiles probably know that May 25 is Wine Day, but the annual celebration of fermented grapes might be news to those who only like, but don’t necessarily love, all things wine. …
GDPR Day 1: A New Era in Data Privacy Begins
Stephanie Bodoni - May 25, 2018, 5:00 am
From tech giant Facebook Inc. to libraries and schools, organizations are now subject to the world’s most far-reaching data privacy regulation in a crackdown aimed at protecting people from losing control over their personal information. It’s occupied thousands of lawyers, …
Harvey-Arkema Lesson: Chemical Plants Must Plan for Natural Disasters
Erwin Seba - May 25, 2018, 5:00 am
The U.S. Chemical Safety Board on Thursday urged chemical plants to weigh the risks of natural disasters just as they would the integrity of pipes and production equipment. “Such facilities should perform an analysis to determine their susceptibility to extreme …
J&J Baby Powder Verdict Reaches Almost $26 Million
Tina Bellon - May 25, 2018, 5:00 am
Johnson & Johnson was ordered by a California jury to pay $4 million in punitive damages to a 68-year-old woman who claimed her deadly cancer was caused by asbestos in the company’s baby powder. The jury awarded $21.7 million in …
What NOAA Forecasts for 2018 Atlantic Hurricane Season
Brian K. Sullivan - May 25, 2018, 5:00 am
On the heels of the costliest hurricane year on record, the Atlantic is expected to produce five to nine of the mighty storms during the six-month season that starts June 1, the National Oceanic and Atmospheric Administration said. A total …
Uber Disabled Brake of Self-Driving Car in Arizona Fatal Crash
David Shepardson - May 25, 2018, 5:00 am
Uber had disabled an emergency braking system in a self-driving vehicle that struck and killed a woman in Arizona in March even though the car had identified the need to apply the brakes, the National Transportation Safety Board said in …
QBE Adds Inland Marine Property Coverage for Construction Risks
- May 25, 2018, 4:54 am
QBE North America is continuing its inland marine product expansion with the launch of The Solution for Builder’s Risk, a comprehensive policy offering with coverages tailored for construction projects. Features of this new product include capacity up to $250 million …
Florida Hurricane Fund in Good Shape for Storm Season
- May 25, 2018, 4:37 am
The Florida fund that helps private insurers pay out claims after a hurricane remains in good shape heading into a storm season. Despite losses from Hurricane Irma, estimates show the Florida Hurricane Catastrophe Fund will have $17.3 billion available this …
Georgia Jury Hands Down $1B Verdict Against Security Company in Rape Suit
Kate Brumback - May 25, 2018, 4:21 am
A Georgia jury has awarded an eye-popping $1 billion verdict against a security company after an apartment complex guard was convicted of raping a 14-year-old girl. Hope Cheston was outside by some picnic tables with her boyfriend during a party …
Bizet to Join JLT Re Property Treaty Team in Miami
- May 25, 2018, 4:18 am
JLT Re (North America) Inc., part of the global provider of reinsurance broking and consultancy, has appointed Alain Bizet as senior vice president in Miami. Alain will join the property treaty team in Miami and focus on the broking efforts …
United Airlines Settles with Passenger Over Death of Puppy
- May 25, 2018, 1:38 am
United Airlines has reached a “resolution” with the owners of a small French bulldog puppy that died during a flight after a cabin attendant ordered it stowed in an overhead bin in March, the carrier said on Thursday. “We are …
Apple Awarded $540M in Big Patent Win Over Smartphone Rival Samsung
Stephen Nellis - May 25, 2018, 1:19 am
After nearly five days of deliberations, a U.S. jury on Thursday said Samsung Electronics Co. Ltd should pay $539 million to Apple Inc. for copying patented smartphone features, according to court documents, bringing a years-long feud between the technology companies …
Professor Says Window to Prevent Dangerous Impacts from Climate Change Closing Fast
Don Jergler - May 24, 2018, 11:34 pm
Costs from climate change-driven extreme weather events are on the rise, and the amount of time left to stop those impacts before they get progressively worse is rapidly closing, according to a Columbia University professor speaking on Tuesday during a …
Rhode Island’s Starkweather & Shepley Insurance Brokerage Hires Thayer
- May 24, 2018, 4:00 pm
Starkweather & Shepley Insurance Brokerage Inc. (S&S) has hired Jessica Thayer as the Financial Services Risk Solutions (FI) Practice Group leader. Thayer has specialized in directors and officers, errors and omissions, fidelity, cybersecurity, employment practices liability and fiduciary liability for …

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