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

Britain to Lose Out on 10,000 Finance Jobs in First Wave of Brexit Reaction: Reuters Survey

Mon, 09/18/2017 - 09:07
Around 10,000 finance jobs will be shifted out of Britain or created overseas in the next few years if the UK is denied access to Europe’s single market, according to a Reuters survey of firms employing the bulk of workers …

Hundreds Run in New Jersey Charity Race Marred Last Year by Bombing

Mon, 09/18/2017 - 08:48
Hundreds of runners came out Saturday for a Marine Corps charity race on the New Jersey shore, a race run without incident one year after a pipe bomb detonated at the event site and forced its cancellation. Security was beefed …

Weakening Hurricane Jose Could Graze Massachusetts Wednesday

Mon, 09/18/2017 - 08:41
A weakened Hurricane Jose could graze the Northeast as Hurricane Maria tears through the Caribbean, gaining strength and possibly heading toward the U.S. in a week. Jose will probably be downgraded to a tropical storm as it comes close to …

Maine Supreme Court Weighs Issue of Medical Marijuana and Workers’ Comp

Mon, 09/18/2017 - 08:34
The Maine supreme court on Wednesday began considering whether a paper millworker left suicidal by narcotic painkillers should receive workers’ compensation for medical marijuana. It’s the first time the court has considered the question of insurance reimbursement for medical marijuana. …

RLI Hires Fowler as VP, Chief Information Officer

Mon, 09/18/2017 - 01:57
RLI Corp. in Peoria, Ill., has added Bryan Fowler to serve as its new vice president, chief information officer (CIO). Fowler will be responsible for leading RLI’s IT strategy and initiatives to support company business goals. He comes to RLI …

Seeman Holtz Property & Casualty Acquires DernCo Insurance in Wisconsin

Mon, 09/18/2017 - 01:19
Seeman Holtz Property & Casualty Inc. has acquired DernCo Insurance, headquartered in Milwaukee, Wis. Serving both Wisconsin and Colorado for more than 25 years, Rich Dern and his team have been offering a full spectrum of insurance products from numerous …

Linhardt Named Regions Insurance’s State Exec for Arkansas, Texas

Mon, 09/18/2017 - 01:09
Regions Insurance, an affiliate of Regions Bank, has hired David Linhardt as state executive for Arkansas and Texas. As state executive, Linhardt will oversee Regions Insurance operations in the Little Rock, Fayetteville and Fort Smith markets in Arkansas, and the …

Some Insurance Adjusters Camping Out in Texas after Harvey

Mon, 09/18/2017 - 01:03
To process tens of thousands of auto and property claims with losses already well into the billions of dollars, insurance companies have adjusters camping out across Texas. The Houston Chronicle reports in one case, the adjusters — many of whom …

Hey Congress, Hurricanes and Health Care Have a Lot in Common: Bloomberg View

Mon, 09/18/2017 - 01:00
As Congress continues to struggle with health insurance reform, members should be ruminating on the scenes of “recovery” beaming in from East Texas and Florida, where the majority of households — many now severely damaged or destroyed — had not …

Firms Hit by Harvey, Irma Hope Business Interruption Coverage Pays Off

Mon, 09/18/2017 - 01:00
Business owners who are trying to get back on track after hurricanes Harvey and Irma now face a different sort of challenge: trying to recoup lost income from their insurers. Exclusions in the fine print of policies, along with waiting …

Trump Administration Now Open to Remaining in Paris Climate Accord Under Certain Conditions

Mon, 09/18/2017 - 01:00
The United States could remain in the Paris climate accord under the right conditions, Secretary of State Rex Tillerson said on Sunday. President Donald Trump was willing to work with partners in the Paris agreement if the United States could …

Ex-Coal CEO Asks Supreme Court to Toss West Virginia Mine Blast Conviction

Mon, 09/18/2017 - 00:53
Attorneys for former Massey Energy CEO Don Blankenship have made a last pitch to the U.S. Supreme Court to throw out his conviction connected to a 2010 West Virginia mine explosion that killed 29 miners. Attorneys for Don Blankenship say …

Berkley to Offer Per Project Primary Limits for Design Firms

Mon, 09/18/2017 - 00:37
Berkley Design Professional (Berkley DP), a division of Berkley Alliance Managers, a Berkley Company, has enhanced its coverage for the architects & engineers professional liability segment with a new “Per Project Primary Limits” coverage for design firm customers. This new …

What Went Wrong at Florida Nursing Home Where 8 Residents Died

Mon, 09/18/2017 - 00:36
The first 911 call from the Rehabilitation Center at Hollywood Hills didn’t sound ominous: A nursing home patient had an abnormal heartbeat. An hour later, came a second call: a patient had trouble breathing. Then came the third call. A …

Georgia Insurance Head Directs Insurers to Exercise Leniency in Wake of Irma

Mon, 09/18/2017 - 00:32
Georgia’s insurance commissioner has issued a stern message to the insurance industry in the aftermath of Hurricane Irma, saying in a directive to insurance companies on Thursday that they are to exercise leniency in dealing with Georgia residents that may …

A.M. Best: Hurricane Irma to Test Florida Market Newbies

Mon, 09/18/2017 - 00:03
Although insured losses as a result of Hurricane Irma will not be as severe as originally forecast, the storm still represents a sizeable catastrophe event that will test the infrastructure and potentially strain the financial wherewithal of some local and …

Hurricane Maria Threatens Already-Battered Caribbean Islands

Sun, 09/17/2017 - 21:17
A second powerful storm in as many weeks was bearing down on a string of battered Caribbean islands, with forecasters saying that Maria had strengthened into a hurricane on Sunday and would intensify before hitting the Leeward Islands on Monday …

Miami’s Downed Construction Cranes Spark Debate on Safety

Fri, 09/15/2017 - 12:54
In Miami’s central Edgewater district along Biscayne Bay on Wednesday, a collapsed construction crane hung from the top of a high-rise condominium under development, dangling over low-rise apartments below. Residents wondered why it hadn’t been taken down or better secured …

Cincinnati’s Fifth Third Insurance Agency to Acquire Epic Insurance Solutions

Fri, 09/15/2017 - 12:50
Fifth Third Insurance Agency Inc., an indirect, wholly owned subsidiary of Cincinnati, Ohio-based Fifth Third Bancorp, has agreed to acquire Epic Insurance Solutions Agency LLC, which also recently announced it will acquire Integrity HR Inc. Both transactions are expected to …

Ex-Illinois County Chairman, State Farm Consultant Sentenced in Fraud Case

Fri, 09/15/2017 - 12:43
A former Illinois county board chairman who also previously worked for State Farm Insurance Co. as a consultant has been sentenced to 12 months and a day in federal prison after being convicted of a wire fraud scheme. In November, …

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