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News – Insurance Journal
Markel’s Maher Joins AXIS Cyber Team
AXIS Insurance announced the hiring of Andrew Maher as senior cyber underwriter. Maher joins AXIS from Markel in London, where he spent two years as a senior cyber underwriter. He began his career at Beazley, where he held several underwriting …
POSTED DECEMBER 14, 2018 8:00 AM |
Agents Warned About E&O Risks in Claiming Cyber, Cannabis Expertise
Insurance agents and brokers who market themselves as experts in cannabis or cyber could wind up regretting that positioning. Because both are relatively new exposures subject to changing regulations and coverages, producers marketing themselves as experts could face scrutiny, lawsuits …
POSTED DECEMBER 14, 2018 6:00 AM |
Toy Wars: Lego Sues to Halt Sales of Zuru ‘Copycat’ Figurines at Walmart
Lego A/S wants to make sure any plastic toy figurine unwrapped in an American home during the holidays isn’t what the toymaker calls a copycat of its own products. The Danish toymaker is asking a federal judge in Connecticut to …
POSTED DECEMBER 14, 2018 6:00 AM |
Possible Drone Strike on Aeromexico Jetliner Under Investigation
Grupo Aeromexico SAB is investigating whether a drone slammed into a Boeing Co. 737 jetliner as the aircraft approached its destination in Tijuana, Mexico, on the U.S. border. Images on local media showed considerable damage to the nose of the …
POSTED DECEMBER 14, 2018 6:00 AM |
Analysts See Autonomous Flying Vehicles Taking Off
Flying cars, long a staple of science fiction, may be landing in the real world sooner than you think. Sleek vehicles floating above their more chaotic, terrestrial siblings are common trope in stories of a more technologically advanced future that …
POSTED DECEMBER 14, 2018 6:00 AM |
Florida Judge Rules Deputy Had Duty to Protect in Parkland School Shooting Suit
A judge has rejected a deputy’s claim that he had no duty to confront the gunman during the school shooting in Parkland, Florida. Refusing to dismiss a lawsuit filed by the parent of a victim, Broward Circuit Judge Patti Englander …
POSTED DECEMBER 14, 2018 5:47 AM |
4.4 Earthquake Jolts Tennessee, Also Felt in Atlanta
An earthquake that struck eastern Tennessee early Wednesday could be felt as far away as Atlanta, the U.S. Geological Survey said. The light earthquake occurred about 4:15 a.m., and was centered about 7 miles (about 10 kilometers) northeast of Decatur. …
POSTED DECEMBER 14, 2018 5:35 AM |
Athens Insurance Agency of Tennessee Partners with United Benefit Advisors
United Benefit Advisors (UBA), a nationwide independent employee benefits advisory organization, has added Athens Insurance Agency as one of its partner agencies. Athens Insurance Agency provides affordable personal, commercial, and employee benefits coverage. The company is located in Athens, Tenn., …
POSTED DECEMBER 14, 2018 5:34 AM |
5Star Specialty to Assume Distribution of Protective Insurance’s Public Auto Offering
Protective Insurance Co. and 5Star Specialty Programs have expanded their partnership in the public auto market, making 5Star Protective’s sole distribution source for its commercial auto insurance offering in the public auto (charter/school bus and limo) segment. Protective has partnered …
POSTED DECEMBER 14, 2018 5:23 AM |
Jury Rules Against Smithfield Foods in Another Hog Nuisance Suit
A federal jury is again siding with neighbors who complained that a Smithfield Foods industrial-scale hog operation in North Carolina was such a nuisance it damaged how they lived their lives. The jury on Wednesday said eight neighbors should be …
POSTED DECEMBER 14, 2018 5:04 AM |
West News – Insurance Journal
California Commissioner Wants Insurers to Waive Inventory Requirement for Wildfire Victims
California Insurance Commissioner Dave Jones is asking residential insurers to pay at least 75 percent and up to 100 percent of personal property or contents coverage in the event of a total loss without requiring policyholders to provide detailed personal …
POSTED DECEMBER 13, 2018 8:45 PM |
Hub Acquires Assets of G.P. Barich Insurance Agency in California
Hub International Ltd. has acquired the assets of G.P. Barich Insurance Agency Inc. in Redlands, Calif. George Barich, president of Barich Insurance, will join Hub California and will report to Jim Jesser, executive vice president of Hub California. Terms of …
POSTED DECEMBER 13, 2018 3:35 PM |
Allstate Says Losses from California Fires $670M, CEO Wants to Address Climate Change
Allstate this week announced estimated catastrophe losses for the month of November 2018 of $685 million, pre-tax ($541 million, after-tax). Catastrophe losses occurring in November comprised six events at an estimated cost of $679 million, pre-tax ($536 million, after-tax), plus …
POSTED DECEMBER 13, 2018 3:32 PM |
The PURE Group Expands Excess & Surplus Lines Offering Into California
The PURE Group has expanded its excess & surplus (E&S) high net worth offering, PURE Programs, into California. The coverage is tailored to high value, high-risk homes with broader coverage than is typically found in the high net worth E&S …
POSTED DECEMBER 13, 2018 5:43 AM |
Report: Workers’ Comp Premiums in California for First 9 Months of the Year Down 3%
The Workers’ Compensation Rating Bureau of California issued its quarterly experience report on Wednesday showing premium for the first nine months of 2018 was 3 percent below the same period for 2017. The WCIRB issued a report in September that …
POSTED DECEMBER 13, 2018 12:50 AM |
Official Figure on Insured Losses for 2018 California Wildfires Reaches $9B
The official tally for insured losses from this year’s major California wildfires is $9.05 billion – for now. California Insurance Commissioner Dave Jones on Wednesday released official figures for losses from the Camp Fire in Northern California and the Woolsey …
POSTED DECEMBER 12, 2018 7:09 PM |
AM Best Downgrades Ratings of Mercury in California, Wildfires a Factor
AM Best has downgraded the Financial Strength Rating (FSR) to A (Excellent) from A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) to “a+” from “aa-” for the members of Los Angeles, Calif.-based Mercury Casualty Group. The record wildfires …
POSTED DECEMBER 12, 2018 6:41 PM |
PG&E Gives Details on Tower Damage at Heart of California Fire Probe
PG&E Corp. revealed that on the day California’s deadliest and most destructive wildfire started, its workers saw damage and a fire near one of its transmission towers, which are the focus of investigations and a lawsuit as a possible ignition …
POSTED DECEMBER 12, 2018 4:02 PM |
2 Small Earthquakes Strike Western Colorado
Two mild earthquakes struck western Colorado, the U.S. Geological Survey confirmed. The quakes hit early Tuesday but likely weren’t strong enough to cause any damage. The quakes were both just north of Glenwood Springs. The USGS says a 3.4 quake …
POSTED DECEMBER 12, 2018 3:58 PM |
Firms to Pay $9M to Settle Suit Over Damages in 2012 California Wildfire
Officials say a construction company and a logging firm have collectively agreed to pay $9 million for damages resulting from a 2012 wildfire that burned more than 1,600 acres of national forest land in Northern California. The U.S. Attorney’s office …
POSTED DECEMBER 12, 2018 3:55 PM |
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