October 31, 2020
Lasyone Insurance Agency
Fri, 30 Oct 2020 17:00:33 +0000
The race for the next North Carolina Insurance Commissioner features two familiar faces to state voters in what is a three-peat showdown featuring Republican Mike Causey and Democrat Wayne Goodwin. Causey, the incumbent, bested the two-term former comm...
Fri, 30 Oct 2020 16:59:34 +0000
Integrated Specialty Coverages (ISC), a program administrator developing insurance products utilizing artificial intelligence (AI) technology and analytics, has launched its Investor Property Program designed to address large complex residential proper...
Fri, 30 Oct 2020 16:51:01 +0000
More than 350,000 homes and businesses in Oklahoma were without electricity on Oct. 28 as cleanup continued from an ice storm that ravaged much of the state. By midmorning on Oct. 28, more than 356,000 homes and businesses were without …
Fri, 30 Oct 2020 16:43:55 +0000
A fast-moving Zeta weakened to a tropical storm as it barreled northeast on Oct. 29 after ripping through Louisiana and Mississippi where storm-weary residents were advised to stay indoors overnight while officials assessed the havoc the storm had wrou...
Fri, 30 Oct 2020 16:39:38 +0000
Specialty insurer and reinsurer Argo Group International is exiting the grocery and retail lines of business, which include providing general liability and self-insured retention risk management programs for grocery stores, convenience stores, restaura...
Fri, 30 Oct 2020 15:48:23 +0000
Caroline Farberger, the chief executive of a Swedish insurance company, remembers how she conducted meetings when she was a man. “I would unthinkingly turn to my favorites in the room, the ones I knew shared my views, and suddenly we …
Fri, 30 Oct 2020 15:34:35 +0000
Ohio employers will receive a record $5 billion in repayments from the state insurance fund for injured workers to help with the financial impact of the coronavirus pandemic, Gov. Mike DeWine and the fund’s administrator announced. The return of the …
Fri, 30 Oct 2020 15:34:21 +0000
Self-driving tech company Waymo, which this month opened its driverless taxi service in the Phoenix suburbs to the public, on Friday said its autonomous vehicles there had been involved in 18 minor incidents since 2019 during tests and actual rides. …
Fri, 30 Oct 2020 15:04:20 +0000
Insight Service Group (ISG) has acquired Social Detection LLC., based out of Pennsylvania, to further expand its Social Media Technology platform. Together, ISG and Social Detection will provide a more expansive and integrated combination of investigat...
Fri, 30 Oct 2020 15:01:59 +0000
A San Francisco Bay Area city has agreed to pay $7.3 million to settle a lawsuit by the family of a man who died after an officer placed him in a controversial neck hold that has since been banned in …
Fri, 30 Oct 2020 14:59:53 +0000
Federal officials released documents this week that provide details about one of the deadliest civil aviation accidents of the past decade, including testimony from people who had varying accounts of the crash pilot’s flight habits. The public docket c...
Fri, 30 Oct 2020 14:34:23 +0000
The former president and chancellor of Liberty University (LU), Jerry Falwell Jr., is suing the school for reputational damage following his August resignation, according to a complaint filed in the Commonwealth of Virginia Circuit Court for the City o...
Fri, 30 Oct 2020 13:49:43 +0000
Scottsdale, Arizona-based specialty insurer Nautilus Insurance Group announced the appointment of Thomas Joyce as president. He is succeeding Tom Kuzma, who has been named chairman. These changes will take effect January 1, 2021. Joyce joined Nautilus ...
Fri, 30 Oct 2020 13:21:07 +0000
Lloyd’s of London lost its initial bid to squelch a coronavirus business interruption lawsuit brought by a Philadelphia bar and restaurant. Judge Gary S. Glazer of the Court of Common Pleas in Philadelphia turned aside preliminary objections to the suit …
Fri, 30 Oct 2020 13:04:07 +0000
The world’s property/casualty insurers would have to collect business interruption insurance premiums for 150 years in order to absorb the estimated US$4.5 trillion global output loss inflicted by COVID-19 and its handling in 2020. P/C insurers current...
Fri, 30 Oct 2020 12:04:47 +0000
McDonald’s Corp. was hit on Thursday with a potentially multi-billion-dollar lawsuit by Black franchise owners who accused the fast-food giant of racial discrimination for steering them to underperforming stores. The proposed class action led by James ...
Fri, 30 Oct 2020 10:16:05 +0000
A decade of low interest rates and tough underwriting conditions has led reinsurers to cautiously invest in riskier and more illiquid assets to generate additional return. The good news is that this strategy also has helped reinsurers tolerate the econ...
Fri, 30 Oct 2020 07:45:29 +0000
Federal and state authorities on Wednesday investigated a crash between a school bus carrying 24 children and a utility vehicle that killed the bus driver and a 7-year-old girl in eastern Tennessee. Eight other children were injured when the utility …
Fri, 30 Oct 2020 07:43:19 +0000
The Florida Office of Insurance Regulation is monitoring the state’s property insurance situation that is seen as in a crisis by those in the industry. The regulator said the insurance market has been buffeted by multiple hurricanes in the last …
Fri, 30 Oct 2020 06:05:10 +0000
Property/casualty insurance companies in Louisiana, including those that write private and/or excess flood coverage, as well as surplus lines insurers, have been directed to report claims data arising from Hurricane Delta to the state insurance departm...
Fri, 30 Oct 2020 05:43:22 +0000
Nexus Specialty has hired Katie Schneider as assistant vice president, Management & Professional Liability, in the group’s Chicago, Ill., office. The company also named William K. Fayette, senior underwriter, Management & Professional Liability, also b...
Fri, 30 Oct 2020 05:24:04 +0000
The Douglas School District in Box Elder, S.D., will pay a former district employee $50,000 to settle a lawsuit filed in February 2019, representatives from both sides said on Oct. 27. Patrick Ealy said he was wrongly terminated by the …
Fri, 30 Oct 2020 05:20:43 +0000
An Illinois-based staffing agency will pay $25,000 to settle a federal lawsuit alleging it refused to hire qualified females as receiving associates. LTI Services LLC in Burbank, Ill., also has agreed to other conditions to settle a sex discrimination ...
Fri, 30 Oct 2020 05:00:59 +0000
Decisions on where and how to work are embodied in trillions of dollars of investment worldwide, including the siting of commercial and residential real estate as well as transportation systems and other infrastructure. Even a small shift in work patte...
Fri, 30 Oct 2020 05:00:47 +0000
Big Tech’s decisions to block some posts and videos while letting other content viewed as inflammatory proliferate have drawn the ire of Republicans and Democrats alike, raising the prospect that a 24-year-old U.S. law that fostered the internet’s expl...
Fri, 30 Oct 2020 05:00:31 +0000
Federal health officials Wednesday issued insurance coverage rules designed to deliver on the promise that every American will have access to free COVID-19 vaccines when they are approved. The regulations from the Centers for Medicare and Medicaid Serv...
Fri, 30 Oct 2020 05:00:04 +0000
The drumbeat for insurtechs to pursue a merger, acquisition or partnership is getting louder, with the number likely to substantially grow in the months ahead, an insurance industry expert believes. “InsurTech is reaching a point where [startups] must ...
Thu, 29 Oct 2020 21:08:16 +0000
Michael Lynn Cooper, 55, of Ontario, Calif., was charged with multiple felony counts of insurance fraud and grand theft after allegedly misrepresenting the facts of a collision to his insurance company to receive a payout after he was street racing. …
Thu, 29 Oct 2020 20:58:05 +0000
A new report out shows challenges current fire management policies in California, proposes a new framework for understanding the total cost of wildfire in the state and suggests that health impacts from smoke my represent substantial costs that are not …
Thu, 29 Oct 2020 17:32:54 +0000
Editor’s note: This part of a series of profiles on cannabis brokers, in which Insurance Journal explores why and how these folks got into the business, the ups and downs of insuring cannabis, as well as a few tips for …