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News – Insurance Journal

Oklahoma Court: Progressive’s Uninsured Motorist Exclusion Not Lawful

30 Jul 2021 16:36


Oklahoma’s highest court recently found that an insurer’s uninsured motorist exclusion violates state law. The Oklahoma Supreme Court came to that conclusion in answering a certified question from the U.S. Court of Appeals for the Tenth Circuit about the UM …


Texas Doctor Convicted of Workers’ Comp Fraud, Drug Crimes

30 Jul 2021 16:31


A North Texas doctor will pay $376,368 in restitution after pleading guilty to mail fraud conspiracy in federal court, the Texas Department of Insurance, Division of Workers’ Compensation reported. Clinton Battle M.D. of Arlington pleaded guilty on July 22, 2021, …


Family of Boy Thrown From Balcony Sues Minnesota’s Mall of America

30 Jul 2021 16:29


The family of a boy who was thrown off a third-floor balcony at the Mall of America in April 2019 has filed a lawsuit accusing the mall of failing to provide proper security. The complaint filed says the mall and …


New Mexico Public Defender’s Office Settles Harassment Claims for $345K

30 Jul 2021 16:27


Two lawsuits accusing an investigator in the state public defender’s office of sexual harassment have been settled. The Law Offices of the Public Defender agreed to pay $345,000 to resolve the lawsuits filed in 2019, the Albuquerque Journal reported. Neither …


Arthur J. Gallagher & Co. Acquires R.J. Riordan & Co. in Illinois

30 Jul 2021 16:21


Arthur J. Gallagher & Co. acquired Oakbrook, Illinois-based R.J. Riordan & Co. R.J. Riordan & Co. is a retail property/casualty broker offering a full range of insurance products and services to clients across the Chicago region. It specializes in serving …


Alaska Quake Triggers Prolonged Shaking, Small Tsunami

30 Jul 2021 16:20


A powerful earthquake which struck just off Alaska’s southern coast caused prolonged shaking and prompted tsunami warnings that sent people scrambling for shelters. Residents reported only minor damage, but officials said that could change after sunrise and people get a …


Severe Weather Causes Widespread Damage in Wisconsin

30 Jul 2021 16:18


Strong thunderstorms caused widespread damage across Wisconsin, left tens of thousands without power and triggered tornado warnings. The severe weather stretched from the Mississippi River to Lake Michigan and began in the evening on July 28 in northwestern Wisconsin. By …


Monsanto Told to Pay Washington Teachers $185M Over PCB Exposure

30 Jul 2021 16:17


Three schoolteachers in Washington state who sued chemical company Monsanto over exposure to materials in fluorescent lights have been awarded $185 million. The law firm that represented the teachers, Friedman Rubin, said a jury returned the verdict in King County …


Reinsurers Show Strong Profits During 2nd Half, Rebounding from 2020’s Challenges

30 Jul 2021 15:01


The first half financial results, reported by a group of six reinsurers over the past week, generally show a strong return to profits after last year’s challenging market conditions. A wrap-up of these H1 results follows for Swiss Re, Everest …


Delaware Farm Receives Violation for Damaged Pipeline, Wastewater Spill

30 Jul 2021 13:47


Delaware environmental officials have issued a notice of violation to Mountaire Farms in Millsboro after a contractor damaged a pipeline and treated wastewater spilled into Swan Creek. The notice from the Department of Natural Resources and Environmental Control states a …


DFS Issues New Report on Insurers’ Management of Climate Change Risks

30 Jul 2021 13:44


The New York State Department of Financial Services (DFS) has issued a report analyzing New York domestic insurers’ management of the financial risks from climate change based on their 2020 responses to the National Association of Insurance Commissioners (NAIC) Climate …


Gun Maker Offers $33M to Settle Suit by Sandy Hook Families

30 Jul 2021 13:37


The maker of the rifle used in the Sandy Hook Elementary School shooting has offered some of the victims’ families nearly $33 million to settle their lawsuit over how the company marketed the firearm to the public. Lawyers for now-bankrupt …


Bayer Books Additional $4.5 Billion for Roundup Litigation

30 Jul 2021 13:03


Bayer said on Thursday it would book an additional provision of $4.5 billion related to litigation which alleges that its weedkiller Roundup can cause cancer. Bayer made the announcement in an update to investors on how it plans to deal …


‘Real Time’ Cyber Risk Specialist At-Bay Pulls In $185M as Antidote to Insurance Spiral

30 Jul 2021 12:52


At-Bay pulled in a whopping $185 million in new financing that the cyber insurance startup plans to use for new product development, expansion into new markets and hiring more employees. Including the new round, the managing general underwriter said it …


Cyber Criminals Target Remote Workers and ‘Critical Infrastructure to Corner Stores’

30 Jul 2021 12:07


The share of policyholders who filed a cyberattack claim jumped by 50% from the first half of 2020 compared to the first half of 2021, according to a new report by cyber insurer Coalition. An increasing number of attacks were …


85% of Flight Attendants Report Incidents With Unruly Passengers

30 Jul 2021 11:52


Incidents with unruly passengers have become an everyday occurrence for flight attendants. A national survey of nearly 5,000 flight attendants found that more than 85 percent of all respondents had dealt with unruly passengers as air travel picked up in …


CDC Describes Delta Variant as Highly Contagious – Report

30 Jul 2021 11:22


The U.S. Centers for Disease Control and Prevention (CDC) has described the Delta variant of the coronavirus as being as transmissible as chickenpox and cautioned it could cause severe disease, the Washington Post said, citing an internal CDC document. The …


UK’s Managing General Agents’ Association (MGAA) Expands to Republic of Ireland

30 Jul 2021 10:27


The UK’s Managing General Agents’ Association (MGAA) has expanded its membership into the Republic of Ireland (ROI) following an initiative driven by Chief Executive Mike Keating. The move to enable MGAs, insurers and suppliers to join the association is designed …


Occam Underwriting Promotes Fisher to CEO, Succeeding Gibbins Who Becomes Chair

30 Jul 2021 09:27


Occam Underwriting, the specialist lines-focused managing general agent, has announced the promotion of Chief Financial Officer Mark Fisher to chief executive officer, subject to regulatory approval. The previous CEO, Lance Gibbins, will continue to serve the company as chair. Fisher …


‘Talent War’ Forces Companies Across Globe to Pay Higher Salaries to Woo Workers

30 Jul 2021 09:09


The COVID-19 pandemic has worsened a shortage of white-collar workers in many countries, forcing companies to pay higher salaries to woo talent, a top London-based recruiter said on Tuesday [July 27]. Robert Walters – which specializes in the likes of …


Feds Sue North Carolina County Over Firing of 911 Operator Who Reported Sexual Harassment

30 Jul 2021 09:00


A North Carolina county’s emergency communications unit engaged in unlawful retaliation when it terminated a worker after she told supervisors that she had been sexually harassed while on the job, according to a lawsuit filed by the U.S. Department of …


Global Warming Could Kill 83 Million People by Turn of Next Century: Study

30 Jul 2021 08:48


A population equivalent to that of Germany — 83 million people — could be killed by 2100 because of rising temperatures caused by greenhouse-gas emissions, according to a new study that might influence how markets price carbon pollution. The research …


Mississippi ICU Capacity ‘Extinguished’ by Latest COVID Spike

30 Jul 2021 08:00


Mississippi’s top public health official said that intensive care units are filling up in some hospitals and COVID-19 outbreaks are expanding in nursing homes as the delta variant of the virus continues to spread rapidly. “We are seeing more and …


Ireland to Introduce Laws to Make Insurers, Bankers Accountable for Corporate Failings

30 Jul 2021 07:23


DUBLIN – Ireland will introduce long-anticipated laws to make senior bankers and executives in other financial sectors directly accountable for failings at institutions over the next 12 to 18 months, Finance Minister Paschal Donohoe said on Tuesday. Donohoe had planned …


Anti-Fraud Tech Company FRISS Raises $65 Million to Fund Expansion

30 Jul 2021 07:00


FRISS, a provider of AI-focused fraud prevention and detection products for P/C insurers, raised $65 million to help it carve out new product lines and market reach. The company said it serves insurers in more than 40 countries currently, and …


Global Empowerment Mission Provides Housing Assistance for Surfside Victims

30 Jul 2021 07:00


Sharon Schechter escaped the South Florida condominium tower collapse with just the nightclothes she was wearing, so she cried shortly after when the Global Empowerment Mission gave her an electric toothbrush, a phone charger and a $500 gift card to …


People Moves: IIAT Promotes Loftis, Adds Ellmer; New Officers, Board Members for Austin Agents Association

30 Jul 2021 05:20


IIAT The Independent Insurance Agents Association of Texas (IIAT) promoted H. Lee Loftis Jr. to chief legislative officer and added Regan Ellmer to the IIAT government affairs team. Loftis has been IIAT’s government affairs director since 2006. Ellmer joins Loftis …


People Moves: United Valley Adds Cyr; MJ Hall Names Brooks Lead Broker in California

30 Jul 2021 05:00


United Valley Insurance Services Inc. has named Paul Cyr Southwest region director. Cyr, formerly United Valley’s Member Advisory Council chair, joins United Valley as the lead in Arizona and surrounding states. His primary role is to liaison with members and …


Warming Rivers in Western U.S. Killing Imperiling Fish Industry

30 Jul 2021 05:00


Baby salmon are dying by the thousands in one California river, and an entire run of endangered salmon could be wiped out in another. Fishermen who make their living off adult salmon, once they enter the Pacific Ocean, are sounding …


FEMA OKs Funds to Help Fight Montana Wildfire

29 Jul 2021 16:19


Federal funds are now available to help with firefighting costs for the Poverty Flats Fire burning in Big Horn County and Crow Agency in Montana, FEMA reported. FEMA Acting Regional Administrator Tammy Littrell approved the state’s request for a federal …

        
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