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News – Insurance Journal
Fire Destroys Historic Church in South Chicago Suburb
A weekend fire destroyed a historic church in Chicago’s far southern suburbs that had appeared in the 2002 film “Road to Perdition.” Officials said nearly a dozen fire departments responded to the Sept. 19 fire in the Will County village …
POSTED SEPTEMBER 22, 2021 4:45 PM |
Ohio Contractor Again Cited for Exposing Workers to Fall Hazards; Fined $253.5K
Federal workplace safety officials say an Ohio contractor continues to defy federal safety requirements to ensure workers use fall protection. OSHA reports that Orwell, Ohio-based roofing contractor Neal Weaver and his company have been cited six times in 5 years …
POSTED SEPTEMBER 22, 2021 4:31 PM |
Otso, Assurely, Accelerant Partner to Offer Insurance for Lease Security
Texas-based companies, Otso and Assurely, have partnered to create an insurance coverage option for lease security in the commercial real estate industry. The insurance coverage allows landlords to reduce the risks of leasing while saving tenants of commercial property essential …
POSTED SEPTEMBER 22, 2021 4:26 PM |
People Moves: Beazley Promotes Turk to Head of Strategy; Everest Hires Chubb’s McBride as Head of Claims; Pen Names Hiscox’s Dixon as Head of Tech
This edition of International People Moves details promotions and appointments at three insurers: Beazley, Everest Insurance and MGA Pen Underwriting. A summary of these new hires follows here. Beazley Promotes Turk as Group Head of Strategy Beazley, the London-based insurer, …
POSTED SEPTEMBER 22, 2021 4:25 PM |
Wisconsin District Settles Suit Over Student’s Harassment for $862.5K
A Wisconsin school district has settled a lawsuit brought by a former student who said the district ignored years of complaints by her and her mother about multiple sexual assaults and a pattern of racial discrimination. The Baraboo School District …
POSTED SEPTEMBER 22, 2021 3:50 PM |
Contractor Killed at Alabama Steel Mill
A Texas man who was working for a contractor at an Alabama steel mill died after being struck by a forklift, authorities said. Don Burton died at Huntsville Hospital following the accident, which occurred Monday morning, news outlets reported. He …
POSTED SEPTEMBER 22, 2021 3:48 PM |
Oklahoma to See 9.4% Drop in Workers’ Comp Loss Costs in 2022
The Oklahoma Insurance Department approved a 9.4% decrease in workers’ compensation insurance loss costs for 2022, a reduction that will lead to lower premiums for many Oklahoma businesses, the department said. Loss costs are the average cost of lost wages …
POSTED SEPTEMBER 22, 2021 3:47 PM |
Karen Clark & Co.: Insured Loss from Nicholas Likely Near $950M
Catastrophe risk modeling firm Karen Clark & Co. estimates that the insured loss from Hurricane Nicholas will come in at around $950 million. KCC said its estimate is based on its high-resolution KCC US Hurricane Reference Model and includes the …
POSTED SEPTEMBER 22, 2021 3:46 PM |
Louisiana Lawmaker: Residents Sleeping in Tents After Ida Damaged Housing
About 13,000 homes in Louisiana’s Terrebonne and Lafourche parishes were destroyed by Hurricane Ida and displaced parish residents have been sleeping in tents and “using the rubble to build their own sort of makeshift structure,” Speaker Pro Tempore Tanner Magee …
POSTED SEPTEMBER 22, 2021 3:44 PM |
EU Plans to Ease Capital Rules for Insurers to Provide €120 Billion Economic Boost
The European Union proposed changing the bloc’s capital rules for insurers on Wednesday to release 120 billion euros ($141 billion) for repairing an economy hit by COVID and to meet climate goals without eroding policyholder protection. Britain, which is home …
POSTED SEPTEMBER 22, 2021 2:43 PM |
West News – Insurance Journal
Washington Proposes 3.1% Increase in Workers’ Comp Rates for 2022
The Washington Department of Labor & Industries is proposing an increase in the average price employers and workers pay for workers’ compensation insurance next year. If the proposal is adopted, it would be the first time in five years that …
POSTED SEPTEMBER 21, 2021 7:43 PM |
Washington Commissioner Fines Aetna for Discriminating Against Transgender Women
Washington Insurance Commissioner Mike Kreidler this month fined Aetna Life Insurance Co. $25,000 for discriminating against policyholders who sought gender-affirming medical treatment. In June 2019, a Washington consumer filed a complaint with Kreidler’s office that Aetna, a health insurer, denied …
POSTED SEPTEMBER 21, 2021 2:14 PM |
Idaho Man Pleads Guilty to Insurance Fraud
Christopher Katsikaris of Nampa, Idao, was sentenced to two years of supervised probation and a $500 fine after being convicted of one count of insurance fraud. Katsikaris plead guilty to the offense on June 21 after it was determined that …
POSTED SEPTEMBER 21, 2021 2:10 PM |
California Issues 1-Year Moratorium on Homeowner Insurance Cancellations And Non-Renewals
California Insurance Commissioner Ricardo Lara on Monday ordered insurance companies to preserve residential insurance coverage for more than 325,000 policyholders who have been affected by Northern California wildfires across 22 counties. Lara in early September issued similar orders following emergency …
POSTED SEPTEMBER 20, 2021 9:36 PM |
California Contractors Charged in $5M Workers’ Comp Fraud Scheme
The Alameda County District Attorney’s Office along with the California Department of Insurance on Monday announced charges against multiple suspects in an organized insurance and workers’ compensation fraud scheme that reportedly defrauded insurance carriers over $5 million in estimated losses. …
POSTED SEPTEMBER 20, 2021 9:27 PM |
PG&E: Power Shutoff Protocol May Avert Dixie-Like Fires in California
PG&E Corp. told a judge it has put into place new safety measures that would have resulted in power being cut to a utility line suspected of sparking the second-largest wildfire in California history. The California utility giant said it …
POSTED SEPTEMBER 20, 2021 2:42 PM |
Aluminum Wrap Being Used to Protect Homes from California Wildfires
Martin Diky said he panicked as a huge wildfire started racing down a slope toward his wooden house near Lake Tahoe. The contractor had enough time to do some quick research and decided to wrap his mountain home with an …
POSTED SEPTEMBER 20, 2021 2:20 PM |
Family Files Lawsuit in Police Restraint Death in Washington
The family of Manuel Ellis, a Black man who died while being restrained by Tacoma police officers who have since been charged criminally, has filed a federal lawsuit over his death. Attorneys for Ellis’ sister, Monet Carter-Mixon, and mother, Marcia …
POSTED SEPTEMBER 20, 2021 2:12 PM |
People Moves: CAC Names Wonder Vice President; IOA Adds Dominguez in California
CAC Specialty added Nathan Wonder to its natural resources division in Denver, Colo., as vice president, surety. Wonder has experience in power and renewables. He has worked at firms like LaPorte Insurance and Brown & Brown. CAC Specialty is an …
POSTED SEPTEMBER 20, 2021 5:00 AM |
No Injuries as 4.3M Earthquake Rattles Los Angeles
A small earthquake shook the greater Los Angeles metropolitan area Friday night, the U.S. Geological Survey confirmed. There weren’t any immediate reports of major damage or injuries. The magnitude-4.3 quake struck shortly after 7:58 p.m. and was centered near Carson, …
POSTED SEPTEMBER 19, 2021 6:02 PM |
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