February 21, 2020

News You Can Use

Fri, 21 Feb 2020 16:27:04 +0000
Massachusetts’ new hands-free driving law takes effect this Sunday, February 23rd. The law, signed by Governor Charlie Baker in November, is intended to reduce the number of distracted driving injuries and deaths in the state. It imposes penalties enfo...
Fri, 21 Feb 2020 15:52:04 +0000
Mark Friedlander and Kris Maccini have been appointed to senior communications positions at the Insurance Information Institute to broaden the organization’s traditional and social media operations. III’s Florida communications consultant since July 20...
Fri, 21 Feb 2020 15:46:00 +0000
Amerisafe Inc. on Wednesday reported fourth-quarter earnings of $34 million. The Deridder, Louisiana-based company said it had profit of $1.76 per share. Earnings, adjusted for investment gains, were $1.70 per share. The results topped Wall Street expe...
Fri, 21 Feb 2020 15:44:15 +0000
A federal judge has ruled the U.S. Army Corps of Engineers isn’t liable to damage to thousands of Houston homes that were inundated by two federally owned reservoirs in the days following Hurricane Harvey because they would have flooded regardless. …
Fri, 21 Feb 2020 15:43:17 +0000
U.S. legislation will be introduced in the coming weeks that could hurt technology companies’ ability to offer end-to-end encryption, two sources with knowledge of the matter said, and it aims to curb the distribution of child sexual abuse material on …
Fri, 21 Feb 2020 15:40:54 +0000
With the threat of spring flooding looming, Minnesota Gov. Tim Walz has asked lawmakers to approve $30 million to replenish a state disaster aid fund that was drained by a string of disasters last year. Walz said an updated flood …
Fri, 21 Feb 2020 15:38:16 +0000
State Auto Financial Corp. reported fourth-quarter net income of $32.7 million, after reporting a loss in the same period a year earlier. The Columbus, Ohio-based company said it had net income of 72 cents per share. Earnings, adjusted for investment …
Fri, 21 Feb 2020 15:24:42 +0000
A fund that offers only fire insurance to California residents in wildfire-prone areas can’t be required to provide coverage for other hazards such as flooding or theft, a judge ruled this week. Superior Court Judge Mary Strobel this week issued …
Fri, 21 Feb 2020 15:16:02 +0000
New Mexico Attorney General Hector Balderas has filed a lawsuit against Google LLC alleging the tech giant is illegally collecting personal information from New Mexico school children under 13 in violation of the Federal Children’s Online Privacy Prote...
Fri, 21 Feb 2020 15:07:32 +0000
U.S. workplaces have gotten a lot safer over the course of the past century. In 1913, the Bureau of Labor Statistics estimated that there were 23,000 “industrial deaths,” or 61 for every 100,000 workers. In 2018, the number of what …
Fri, 21 Feb 2020 13:44:40 +0000
S&P Global Ratings said that even though Swiss Re performed materially below expectation for its 2019 earnings, the ratings agency expects the group to maintain its risk-based capital above the “AA” level, which supports the “AA-” long-term ratings and...
Fri, 21 Feb 2020 12:44:01 +0000
Axel Theis (62), member of the board of Allianz SE responsible for insurance in German-speaking countries and Central and Eastern Europe, is retiring at his own request on March 31, 2020 after more than 33 years at Allianz. The Allianz …
Fri, 21 Feb 2020 12:12:50 +0000
A mortgage company staffer who created hundreds of fraudulent wire transfers to steal roughly $2 million from the firm has been sentenced to nearly four years in federal prison. Dilcia Mercedes of Camden, N.J., will also have to serve three …
Fri, 21 Feb 2020 12:08:48 +0000
A lawsuit has been settled between Virginia Tech and a former student who was accused of overseeing a ceremony that violated the school’s hazing policy. The federal lawsuit filed last month “has been resolved to the mutual satisfaction of both …
Fri, 21 Feb 2020 11:55:51 +0000
New York State Inspector General Letizia Tagliafierro has announced the arrest and arraignment of an Oswego County court stenographer who routinely added zeros to billing invoices to insurance carrier clients over the course of several years, resulting...
Fri, 21 Feb 2020 11:42:19 +0000
SterlingRisk Insurance, a Woodbury, N.Y.-based independently owned insurance brokerage, has hired Kaitlin Friedman as alternative market leader. A licensed property and casualty insurance broker, Friedman also provides wholesale support to the Sterling...
Fri, 21 Feb 2020 10:52:36 +0000
Losses from storms Ciara and Dennis, which brought strong winds, torrential rain and widespread flooding to the UK, will increase pressure on UK household insurers’ profits in 2020, said Fitch Ratings. While the claims are unlikely to exceed £500 mill...
Fri, 21 Feb 2020 10:05:08 +0000
Georgia accused Russian military intelligence of organizing a “paralyzing” cyber attack last year and called for a reaction by the international community. Russia’s GRU was behind the “large-scale” October 2019 attack that targeted the presidential adm...
Fri, 21 Feb 2020 09:41:29 +0000
China’s two-year state custody of Anbang Insurance Group Co., the group that became a poster child for private companies with too much debt and lofty global ambitions, is set to end this weekend. Authorities took control of the 2 trillion …
Fri, 21 Feb 2020 08:58:18 +0000
German insurance group Allianz announced a more ambitious profit target for this year after posting a better than expected 9.5% jump in fourth-quarter net profit on Friday. The profit increase was largely driven by an improved investment margin in its …
Fri, 21 Feb 2020 06:52:15 +0000
The Tennessee Department of Commerce & Insurance (TDCI) is marking the licensing of its 200th captive insurance company, Mattoon Insurance Co., making the state the seventh-largest captive domicile in the U.S., according to a statement from the departm...
Fri, 21 Feb 2020 06:35:20 +0000
A bill to allow medical marijuana cleared its first hurdle Wednesday in the Alabama Legislature, giving hope to advocates after years of setbacks. Audience members applauded as the Senate Judiciary Committee voted 8-1 for the bill, putting it in line …
Fri, 21 Feb 2020 06:00:45 +0000
A licensed insurance producer from Emmett, Idaho, has been sentenced for misappropriation of fiduciary funds. Casandara H. Aune admitted to receiving cash for a client’s premium payment but reportedly did not apply the payment to the client’s account. ...
Fri, 21 Feb 2020 06:00:39 +0000
New Mexico’s largest county has reached a racial profiling settlement with a black woman who was stopped by deputies three times in less than a month but never cited. Bernalillo County and Sherese Crawford reached a $100,000 settlement agreement in …
Fri, 21 Feb 2020 06:00:28 +0000
The parents of a man who died in a fire in Portland, Ore., have filed a nearly $6 million lawsuit against the apartment owners and the man accused of setting the fire. Batool and Ali Alhaji have filed a lawsuit …
Fri, 21 Feb 2020 06:00:09 +0000
A confidential settlement was reached in a former Ohio megachurch pastor’s lawsuit alleging televangelist Ernest Angley sexually abused and harassed him over a decade, starting in 2004. The allegations by Brock Miller, of Myrtle Beach, South Carolina, ...
Fri, 21 Feb 2020 06:00:06 +0000
A woman whose daughter was wrongfully arrested at a middle school is suing the Columbia school district and police department. Kandas Holmes-Barnes is seeking a total of $2.4 million from the Columbia Public Schools and the Columbia Police Department a...
Fri, 21 Feb 2020 05:53:23 +0000
The state of Florida is fining the city of Fort Lauderdale $1.8 million for a series of massive sewage spills that have sent sent toxic sewage onto streets and into waterways since December. The Florida Department of Environmental Protection sent …
Thu, 20 Feb 2020 20:31:30 +0000
“We have front row seats,” said Elise Jones, a Boulder County commissioner. Jones along with two other commissioners oversees government affairs in the Colorado county of 330,000 or so at the base of the foothills of the Rocky Mountains. Her …
Thu, 20 Feb 2020 18:11:37 +0000
Now that most major carriers are selling usage-based car insurance, one of the pioneers in that sector is selling its technology to other carriers as a claims management tool. San Francisco-based Metromile announced that Tokio Marine Holdings had deplo...