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Insurance Journal delivers the latest business news for the Property/Casualty insurance industry
Updated: 19 hours 27 min ago

Chubb Launches Multi-line Practice for Large Transportation Clients

Fri, 07/21/2017 - 12:59
Chubb has launched a multi-line industry practice within its Major Accounts division that will provide insurance products, service and risk management options for best-in-class large risk transportation clients in the United States and Canada. Chubb’s Transportation Industry practice provides a …

Morris Reappointed to Louisiana Workers’ Comp Advisory Council

Fri, 07/21/2017 - 12:50
Michael D. Morris of Baton Rouge has been reappointed to the Louisiana Workers’ Compensation Advisory Council. Morris is an attorney and the chief executive officer of the Louisiana Home Builders’ Association. He will serve as a representative of self-insured industries …

Hundreds Evacuate from Flooding in Western Wisconsin City

Fri, 07/21/2017 - 12:48
Several hundred people evacuated their homes early on July 20 in the small western Wisconsin community of Arcadia where heavy rain sent a creek over its banks. The waterlogged city is part of more widespread flooding in Wisconsin and Minnesota …

Fatal Arkansas Train Accident Prompts Hazard Rating Increase

Fri, 07/21/2017 - 12:46
The Arkansas Highway and Transportation Department has increased the hazard rating for a train crossing after the recent deaths of a couple whose car was struck by a train. ATHD Railroad Crossing Coordinator Steve Weston tells the Jonesboro Sun that …

Authority Wants 1952 Quake Anniversary to Remind Californians to Prepare

Fri, 07/21/2017 - 12:41
Friday marks the 65th anniversary of the 1952 magnitude 7.5 earthquake that struck Kern County, Calif., considered the largest quake to strike Southern California since the 1870s. While the epicenter was on the White Wolf fault in the southern San …

Louisiana Regulators Recover $4M for Insurance Policyholders

Fri, 07/21/2017 - 12:37
Insurance policyholders collected an additional $4 million in the first half of the year as a result of assistance provided by the Louisiana Department of Insurance (LDI). These funds are a result of staff from the LDI Office of Consumer …

Minnesota Fines 2 Insurers for Refusing to Pay Auto Accident Claims

Fri, 07/21/2017 - 12:33
Minnesota Commerce Commissioner Mike Rothman has fined two insurance companies for violating state consumer protection laws by refusing to pay auto accident claims for damage caused by drivers they insured. In recent consent orders with the Commerce Department, American Family …

Minnesota: Farmers Insurance Exchange Overcharged Renters for Auto Coverage

Fri, 07/21/2017 - 12:29
Minnesota Commerce Commissioner Mike Rothman has ordered an insurance company to refund more than $300,000 to Minnesota drivers who were charged higher auto insurance rates solely because they were renters rather than homeowners. According to the Minnesota Commerce Department Insurance …

Pennsylvania’s PLM Names Selfe Vice President of Information Technology

Fri, 07/21/2017 - 11:44
Pennsylvania and Indiana Lumbermens Mutual Insurance Companies (PLM), a property and casualty insurance carrier based in Philadelphia, Penn., has named Erin Selfe vice president of information technology. With more than 20 years of experience, Selfe will be responsible for all …

Additional Homes at Risk as Florida Sinkhole Widens

Fri, 07/21/2017 - 11:41
Florida sinkhole that swallowed two homes last week isn’t getting any deeper, but it’s getting wider, officials said Wednesday –and one resident who’s back home after being evacuated is vowing to stay unless the hole consumes her house. “I’m apprehensive, …

Academics in Hawaii Developing Flood Alert System

Fri, 07/21/2017 - 11:05
An alert system is being developed to give West Maui residents a six-day heads up when large wave and flooding events are possible. The University of Hawaii ocean observation program will use a $500,000 federal grant to start developing the …

Alaska Fatal Airplane Crash Getting NTSB Hearing

Fri, 07/21/2017 - 11:03
A National Transportation Safety Board investigative hearing in Alaska next month on a fatal commercial airplane crash will be the first held outside of Washington, D.C., in nearly 20 years. The board is conducting an investigative hearing Aug. 17 on …

50 Homes Destroyed in California Wildfire

Fri, 07/21/2017 - 11:00
The town of Mariposa, with its century-old saloons and covered sidewalks, normally bustles with summer visitors on their way to Yosemite National Park but the Gold Rush-era hamlet was mostly empty as ash rained down and heavy smoke from a …

California Officials Clear Way for Reopening of Gas Field That Made L.A. Residents Sick

Fri, 07/21/2017 - 10:42
The planned reopening of a massive Los Angeles natural gas storage facility that spewed methane for months has only renewed the fight over its future. California state officials this week cleared the way for resumption at reduced capacity in the …

GOP Senate Health Bill Would Substantially Raise Deductibles, Number of Uninsureds: CBO

Fri, 07/21/2017 - 09:01
  The Senate Republican health bill promises lower premiums for consumers. To get there, it would require patients in standard plans to spend as much as about $13,000 upfront on their own care. The deductibles would be so high, in …

New York State Rejects City’s Request for Funds for Big Fire Costs

Fri, 07/21/2017 - 08:57
A western New York city won’t be getting state aid to cover the costs linked to a massive fire at a former steel plant last fall. The blaze started Nov. 9 in a large building on the Bethlehem Steel site …

O.J. Simpson Faces $58 Million Wrongful Death Damages After Release from Jail

Fri, 07/21/2017 - 08:53
O.J. Simpson will walk out of prison in October after nine years behind bars, but he is far from free of his financial woes. The 70-year-old football star, who won his release from a Nevada parole board on Thursday after …

Connecticut Man Gets Prison for Defrauding Investors out of $874K

Fri, 07/21/2017 - 08:36
A Connecticut man will spend almost four years in prison for operating an investment scheme that defrauded people of more than $874,000. The U.S. Attorney’s office says 54-year-old Anthony Sciarra, of Wethersfield, Conn., was sentenced Wednesday in Hartford federal court. …

‘Specialize and Diversify,’ Industry Veteran Markel Tells Super Regional Insurers

Fri, 07/21/2017 - 08:31
Insurance is a very simple business. “You take in some money, you spend some money and you lose some money, and God willing, you have some left at the end of the day,” according to Anthony (Tony) Markel, vice chairman …

Markel Hires Ferguson to New York-Based U.S. Excess Casualty Team

Fri, 07/21/2017 - 08:28
Markel Global Insurance, a division of Markel Corporation, has hired John Ferguson as a director of its New York-based U.S. Excess Casualty team. In his new role, Ferguson serves as the retail construction practice lead and is responsible for a range …

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