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Insurance Journal delivers the latest business news for the Property/Casualty insurance industry
Updated: 18 hours 5 min ago

EU Seeks More Control Over Insurers and Financial Sector

Wed, 09/20/2017 - 06:46
The European Commission proposed on Wednesday transferring some powers to oversee the financial sector from national capitals in a move to extend the EU’s grip on the industry as the bloc prepares for the departure of London, its main financial …

Ferris Wheel Owner Says Injured Kid At Fault for Tennessee Fair Accident

Wed, 09/20/2017 - 00:11
The owner of a Ferris wheel in which four people were injured in Tennessee last year has responded to lawsuits over the incident, saying that one of the injured children was to blame for a gondola overturning. The Greeneville Sun …

Chemical Explosion at Florida Food Warehouse Injures 3

Wed, 09/20/2017 - 00:02
Authorities say three people suffered injuries in a chemical explosion at a Florida warehouse. Lakeland Fire Department officials said about 50 people were eflvacuated from the area around the Natural Advantage Food Flavorings plant on Friday afternoon. Sixteen people, including …

Agriculture Officials Say Florida Crops Devastated by Irma

Wed, 09/20/2017 - 00:00
Florida’s agriculture commissioner said Monday that the path of Hurricane Irma “could not have been more lethal” to the state’s farmers and that the scope of damage to the state’s fruits and vegetables is unprecedented. Commissioner Adam Putnam, along with …

California Commissioner Sums up Trump Battle, High on Cannabis Insurance

Tue, 09/19/2017 - 15:21
It’s David vs. Goliath. That about sums up California Insurance Commissioner Dave Jones’ feelings on his efforts to keep the remnants of Obamacare up and running in his state while President Trump does his best to repeal and replace it. …

Travelers’ Cunningham Joins Liberty Mutual to Lead National Insurance Property

Tue, 09/19/2017 - 14:51
Liberty Mutual Insurance has appointed Gregg Cunningham as executive vice president, National Insurance, and general manager, National Insurance Property. Cunningham, who has 25 years of commercial insurance experience, leads the area of Liberty Mutual that provides property insurance, inland marine …

Percent of Indiana Residents Without Health Insurance Declines

Tue, 09/19/2017 - 12:19
A U.S. Census Bureau report has found that Indiana had 373,000 fewer people without health insurance last year than three years earlier. The report released last week said about 8 percent of Indiana residents, or about 530,000 people, lacked medical …

Iowa Workers’ Comp Rate to Drop in 2018; Debate On as to Why

Tue, 09/19/2017 - 12:16
Iowa’s governor and the organization that sets workers’ compensation rates are disputing whether a new law influenced a recent rate reduction in premiums for employers. The National Council on Compensation Insurance announced an 8.7 average premium reduction for Iowa employers …

Ohio Insuretech, Bold Penguin, Appoints Metcalf as Chief Financial Officer

Tue, 09/19/2017 - 12:05
Bold Penguin, a Columbus, Ohio-based insurtech providing an online marketplace for commercial lines property and casualty (P/C) agents, has hired former Ohio Deputy Treasurer Seth Metcalf as the company’s chief financial officer (CFO). Most recently, Metcalf spearheaded several successful, award-wining …

Rain and Snow Help Montana Wildfires But Won’t End Season

Tue, 09/19/2017 - 11:13
Rain snow and cold have replaced heat and smoke after about two dry months on Montana’s fire lines, leaving crews scrambling for extra sleeping bags, heaters, coats and long underwear. While the change in weather is welcome, it brings its …

Advocates Rally Behind New Federal Bill to Fix New York’s Scaffold Law

Tue, 09/19/2017 - 11:11
The Lawsuit Reform Alliance of New York (LRANY) today will join the New York State Association for Affordable Housing (NYSAFAH), Habitat for Humanity, MWBE contractors and other construction and business organizations to applaud Rep. John Faso for introducing the Infrastructure …

M5.1 Quake Rattles Alaska

Tue, 09/19/2017 - 11:11
A Magnitude 5.1 earthquake shook Alaska about 135 miles northwest of the state’s capital city Juneau, the Alaska Earthquake Center confirmed. Coincidentally, the City and Borough of Juneau’s Disaster Preparedness Expo was winding down as the earthquake hit Saturday afternoon. …

Dietz, Gilmor & Chazen Makes 3 Partner Promotions in California

Tue, 09/19/2017 - 10:53
Dietz, Gilmor & Chazen has promoted Robert E. Robinson, Richard A. Lynn and Robert Lance to partners in the firm in California. All three newly promoted partners were previously with Dietz, Gilmor & Associates, before the firm became Dietz, Gilmor …

The Hilb Group Acquires Massachusetts’ Mid-State Insurance Agency

Tue, 09/19/2017 - 10:51
The Hilb Group LLC (THG), a property and casualty insurance and employee benefits broker based in Richmond, Va., has announced the acquisition of Massachusetts-based Mid-State Insurance Agency Inc. (MSIA). The transaction became effective September 1, 2017. MSIA is THG’s 37th …

New York’s Cuomo Proposes Regulation in Wake of Equifax Security Breach

Tue, 09/19/2017 - 10:03
In response to the recent cyberattack that exposed the personal private data of nearly 150 million consumers nationwide, New York Governor Andrew M. Cuomo has directed the New York Department of Financial Services (DFS) to issue new regulation making credit …

What If an Irma-Like Hurricane Hit the New York City Metro Area?

Tue, 09/19/2017 - 09:44
It sounds like a Hollywood disaster movie. A Category 5 hurricane churning in the mid-Atlantic suddenly veers northwest – and heads straight for New York City. The good news is that, for now, experts agree a Cat 5-sized deluge appears …

Financially-Strapped Puerto Rico Faces Hurricane Maria After $1 Billion Hit by Irma

Tue, 09/19/2017 - 08:29
Two weeks ago, Puerto Rico was spared a devastating hit when Hurricane Irma ripped up the Caribbean. This time, it may not be so lucky. The bankrupt island, already contending with the aftermath of a storm that left as much …

Ed Names Jani Chief Executive for Middle East, North America, India

Tue, 09/19/2017 - 05:18
Ed, the global reinsurance, wholesale and specialty broker, has announced the appointment of Minesh Jani as chief executive of Middle East North America (MENA), India and Indian sub-continent. Jani brings two decades of reinsurance experience to Ed. He joins from …

Autonomous Vehicle Regulation Highlights Federal vs. State Divide

Tue, 09/19/2017 - 01:00
As the U.S. Congress moves quickly to pass the first federal law governing self-driving cars, some state and city officials are pushing back over fears that the measure will limit their ability to regulate vehicle safety at the local level. …

Qatar Insurance Closes UAE Branch as Diplomatic Crisis Continues

Tue, 09/19/2017 - 01:00
A Qatari insurance company is closing its branch in Abu Dhabi because authorities there have not renewed its license, a sign of how the region’s diplomatic crisis is starting to have long-term effects on its economy. Qatar’s stock index also …

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