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News Archives - Insurance Journal
Inspectors in McClenney Moseley ‘Fraud’ Scheme Sue for Unpaid Bonuses and Overtime
Seventeen former field inspectors for a company that provided damage estimates for McClenney Moseley & Associates filed a lawsuit against their former employer, saying they are owed for bonuses that were promised but never paid and uncompensated overtime. The plaintiffs …
POSTED MAY 30, 2023 3:18 PM |
Louisiana Parishes Top List of Riskiest US Housing Markets
A pair of Louisiana parishes lead CoreLogic’s ranking of riskiest U.S. housing markets based on natural-disaster probability. CoreLogic’s Climate Risk Analytics: Composite Risk Score (CRA Composite Risk Score) identified Plaquemines Parish as the place most at risk for property damage …
POSTED MAY 30, 2023 3:12 PM |
People Moves: Hiscox Appoints Bloomer as Chair, Succeeding Childs; SCOR Names de Varenne as Group CFO and Deputy CEO
This edition of International People Moves details executive appointments at Hiscox and SCOR. A summary of these new hires follows here. Hiscox Appoints Bloomer as Chair, Succeeding Childs Hiscox Ltd., the international specialist insurer, announced the appointment of Jonathan Bloomer …
POSTED MAY 30, 2023 2:45 PM |
Illinois Video Game Parlor Operator to Pay $92K Over Pay Discrimination Suit
Lacey’s Place LLC Series Midlothian, doing business as Lacey’s Place, which owns and operates more than 30 video gaming parlors in Illinois, will pay $92,964 and furnish other relief to settle a pay discrimination and retaliation lawsuit filed by the …
POSTED MAY 30, 2023 2:42 PM |
Purdue Pharma Can Protect Sackler Owners in Opioid Bankruptcy, Court Rules
Bankrupt Oxycontin manufacturer Purdue Pharma can shield its owners, members of the wealthy Sackler family, from opioid lawsuits in exchange for a $6 billion contribution to the company’s broader bankruptcy settlement, a U.S. appeals court ruled on Tuesday. The New …
POSTED MAY 30, 2023 2:39 PM |
Davenport, Iowa Officials: No Fatalities After Partial Building Collapse
DAVENPORT, Iowa (AP) – There were no confirmed fatalities and no known people still trapped the morning after a six-story apartment building in the eastern Iowa city of Davenport partially collapsed, authorities said Monday. Davenport Fire Chief Michael Carlsten said …
POSTED MAY 30, 2023 2:36 PM |
Verisk Buys London-Based Morning Data, an End-to-End-Processing Supplier
Verisk, a leading global data analytics and technology provider, has acquired Morning Data, a supplier of state-of-the-art software to brokers and managing general agents (MGAs) in London and across the globe. The acquisition enables Verisk to enhance and expand its …
POSTED MAY 30, 2023 2:03 PM |
People Moves: The Hartford Promotes Within Group Benefits, Small Commercial, Personal Sales
The Hartford announced new leadership appointments in sales and distribution across multiple lines of business in support of the company’s growth and innovation plans. Hayes Henderson has been promoted to head of sales and relationship management for group benefits, succeeding …
POSTED MAY 30, 2023 1:57 PM |
Judge in Montana Case Says Fire Retardant Drops Polluting Streams But Allows Use to Continue
A judge ruled that the U.S. government can keep using chemical retardant to fight wildfires, despite finding that the practice pollutes streams in western states in violation of federal law. Halting the use of the red slurry material could have …
POSTED MAY 30, 2023 1:49 PM |
California Unlikely to Run Short of Electricity This Summer Thanks to Storms, New Power Sources
California regulators say the state is unlikely to run out of electricity this summer because of a big increase in power storage and a wet winter that filled the state’s reservoirs enough to restart hydroelectric power plants that were dormant …
POSTED MAY 30, 2023 1:43 PM |
West News Archives - Insurance Journal
Judge in Montana Case Says Fire Retardant Drops Polluting Streams But Allows Use to Continue
A judge ruled that the U.S. government can keep using chemical retardant to fight wildfires, despite finding that the practice pollutes streams in western states in violation of federal law. Halting the use of the red slurry material could have …
POSTED MAY 30, 2023 1:49 PM |
California Unlikely to Run Short of Electricity This Summer Thanks to Storms, New Power Sources
California regulators say the state is unlikely to run out of electricity this summer because of a big increase in power storage and a wet winter that filled the state’s reservoirs enough to restart hydroelectric power plants that were dormant …
POSTED MAY 30, 2023 1:43 PM |
State Farm Stops Taking New Applications for Business, Personal Lines P/C in California
An insurer group was quick to respond over the weekend after State Farm announced it will cease accepting new applications for business and personal lines property/casualty in California to deal with increased risks and higher construction costs. The American Property …
POSTED MAY 28, 2023 1:12 AM |
Inszone Acquires Specialty Contractors Insurance Services California
Inszone Insurance Services acquired Specialty Contractors Insurance Services. Specialty Contractors Insurance Services has predominantly served business owners and contractors. It is headquartered in Sacramento, California. Inszone is a national provider of benefits, personal, and commercial lines insurance.
POSTED MAY 26, 2023 2:44 PM |
California Commissioner Issues Decision on Workers’ Comp Regulatory Filing
California Insurance Commissioner Ricardo Lara issued a decision this week regarding the Workers’ Compensation Insurance Rating Bureau of California’s Sept. 1, 2023 regulatory filing. The Commissioner approved all of the WCIRB’s proposed changes to: the California Workers’ Compensation Uniform Statistical …
POSTED MAY 26, 2023 5:00 AM |
California Department of Insurance Bans Sender of Misleading Wildfire Mailers
A California Department of Insurance investigation into misleading mailers on insurance claims following wildfires led to a ban of public adjuster and California Recovery Group owner Argen Youssefi of Glendale. The investigation reportedly found California Recovery Group and its owner, …
POSTED MAY 26, 2023 5:00 AM |
People Moves: Aihara & Associates in California Names Kinoshita EVP
Aihara & Associates Insurance Services named Mike Kinoshita executive vice president. Kinoshita is a third-generation insurance agent and current senior client advisor at The J. Morey Company, an Ori-gen Family Company. Kinoshita’s appointment will succeed agency principal Douglas Aihara. Aihara …
POSTED MAY 26, 2023 5:00 AM |
Family of Suicidal Black Teen Killed in Nevada Agrees To $2M Settlement
The parents of a suicidal Black teenager who was fatally shot by police in 2020 in Nevada have agreed to a $2 million settlement with the city of Sparks that also includes more crisis intervention and mental health training for …
POSTED MAY 25, 2023 2:14 PM |
Walmart Paying California $500K in Settlement Over Sale of Brass Knuckles
Walmart will pay half a million dollars to settle allegations from California’s Department of Justice that it was selling brass knuckles on its website, state Attorney General Rob Bonta said. Brass knuckles are classified as deadly and illegal weapons in …
POSTED MAY 25, 2023 2:10 PM |
California Couple Sentenced Thanks to YouTube Videos of Intentional Collisions
Christopher Phelps, 40, of Yucaipa, and his wife, Kimberly Phelps, 40, were sentenced this week after pleading no contest to felony counts of insurance fraud, child abuse and assault with a deadly weapon. The sentencing comes after a California Department …
POSTED MAY 25, 2023 2:06 PM |
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