December 14, 2019

News You Can Use

Fri, 13 Dec 2019 20:31:43 +0000
Note: This is been updated with a statement from Lara’s office. The FAIR Plan today filed a petition for a writ of mandate seeking to have a court annul, vacate, or withdraw an order issued last month by the California …
Fri, 13 Dec 2019 17:53:43 +0000
CoreLogic, a global property analytics provider, has integrated HOVER property measurement and 3D technology into the CoreLogic UnderwritingCenter platform for insurance clients. The integration of HOVER provides carriers a way to manage inspection exp...
Fri, 13 Dec 2019 17:49:16 +0000
The Florida Department of Health says a second person in Florida has died due to complications from vaping. The Orlando Sentinel reported Wednesday that the department also reported a slight increase in the number of vaping-associated illnesses, which ...
Fri, 13 Dec 2019 17:46:30 +0000
Federal officials have announced plans to raise $100 million to fund projects to restore seven significant coral reef sites in the Florida Keys National Marine Sanctuary. “Mission: Iconic Reefs” calls for restoring nearly 70 acres (28 hectares) of the ...
Fri, 13 Dec 2019 17:30:34 +0000
AM Best has upgraded the Financial Strength Rating to A (Excellent) from A- (Excellent) and the Long-Term Issuer Credit Rating to “a” from “a-” of McPherson, Kansas-based Farmers Alliance Mutual Insurance Co. and its wholly-owned subsidiaries, Alliance...
Fri, 13 Dec 2019 16:53:42 +0000
McDonald’s Corp. has won a huge victory in a multiyear legal battle over whether it should share responsibility for alleged labor violations in its franchisees’ restaurants, a case that posed a major threat to the franchise model underlying one of …
Fri, 13 Dec 2019 16:00:31 +0000
Five Argo Group directors plan to retire as of the beleaguered company’s 2020 annual meeting, the company disclosed on Dec. 11. Argo, a Bermuda-based specialty insurer and reinsurer, said that the decision is part of a “proactive refreshment process” a...
Fri, 13 Dec 2019 15:22:20 +0000
Family members of nine children and educators killed in the 2012 Sandy Hook Elementary School massacre have received a September 2021 trial date in their landmark lawsuit against Remington Arms Co. over its marketing of the semiautomatic military-style...
Fri, 13 Dec 2019 14:57:08 +0000
Apps that let you book a ride to work or borrow a car for your next vacation are feeding into a revolution in auto insurance — while also raising some privacy red flags. Data on everything from how frequently a …
Fri, 13 Dec 2019 14:08:29 +0000
Walt Disney Co. failed to persuade a judge to dismiss a lawsuit by female employees who allege the company discriminates by paying male workers better. A state judge in Los Angeles found that the 10 current and former employees who …
Fri, 13 Dec 2019 13:53:20 +0000
The U.S. House of Representatives on Thursday approved legislation aimed at driving down the prices that seniors pay for prescription drugs, but the bill’s future is clouded by President Donald Trump’s threat of a veto and lack of support in …
Fri, 13 Dec 2019 13:39:46 +0000
The deadly collapse of a Vale SA’s mining waste dam in Brazil was partially triggered by “a persistently high water level” that caused the structure to lose strength and stability, according to a report by a panel of experts appointed …
Fri, 13 Dec 2019 13:20:37 +0000
Prime Minister Boris Johnson won a sweeping election victory on a promise to “Get Brexit done,” but a reality check awaits for voters hoping that the messy divorce is finally over. It’s just the beginning. Johnson should now be able …
Fri, 13 Dec 2019 13:17:10 +0000
Britain was speeding towards Brexit on Friday after Prime Minister Boris Johnson won a crushing election victory, ending three years of uncertainty since the country decided to leave the bloc. Exiting the European Union, a goal Johnson has pursued rele...
Fri, 13 Dec 2019 12:22:47 +0000
The public transportation system in metropolitan Boston needs to step up efforts to improve safety along its network of subways, buses and commuter rail trains. That’s the finding of a panel of transit experts hired in June by the Massachusetts …
Fri, 13 Dec 2019 12:19:29 +0000
Insurance Agents & Brokers (IA&B) opened an office in Annapolis, Md., on December 1. The organization also operates an office outside of Harrisburg, Penn. The location allows access to the Maryland State House, as well as a central meeting place …
Fri, 13 Dec 2019 12:15:57 +0000
Concord Specialty Risk has hired Matthew Edgette as vice president of Tax Insurance Underwriting, where he will take on a leading role in Concord’s Tax Insurance practice. Edgette will be based in New York, N.Y. For the last two years, …
Fri, 13 Dec 2019 06:58:46 +0000
Drivers younger than 18 would be prohibited from using cellphones except for emergencies under legislation approved by the Michigan House. Michigan now bars drivers with a learner’s or intermediate permit – those as young as 14 years, 9 months to …
Fri, 13 Dec 2019 06:56:47 +0000
J.M. Wilson has promoted Jennifer Councell to senior fleet underwriter in its Portage, Michigan, office. She is responsible for evaluating transportation fleet submissions (11-plus units); quoting new and renewal transportation fleet business, binding ...
Fri, 13 Dec 2019 06:46:20 +0000
Wholesale insurance broker Midlands Management Corp. has appointed Michael Robbins to a brokerage position in Dallas. Robbins will be responsible for the solicitation of new and renewal commercial business for large and complex accounts. Through techni...
Fri, 13 Dec 2019 06:41:04 +0000
A Texas man convicted on workers’ compensation fraud charges must repay $16,727.70 in restitution to Texas Mutual Insurance Co., the insurer reported. Texas Mutual Insurance reported that Richard R. Gutierrez of Seguin was sentenced in a Travis County ...
Fri, 13 Dec 2019 06:35:24 +0000
If it weren’t for Hurricane Katrina, Chris Greene might not have become an expert in all things flood related. Greene, a Georgia-based independent flood insurance agent, and founder and owner of The Flood Insurance Guru (floodinsuranceguru.com), never ...
Fri, 13 Dec 2019 06:02:15 +0000
The U.S. telecommunications regulator voted on Thursday to advance a plan to split a key spectrum block set aside for auto safety to accommodate the burgeoning number of wireless devices, but the Transportation Secretary warned that doing so could lead …
Fri, 13 Dec 2019 06:00:38 +0000
Vermyttya Miller, 37, of Santa Clarita, Calif., was sentenced this week to five years in county jail and ordered to pay $22,500 in restitution after pleading no contest to one count of felony insurance fraud for a wedding fraud scheme. …
Fri, 13 Dec 2019 06:00:36 +0000
Two businesses whose Northwest Portland, Ore. storefronts were destroyed by a 2016 gas explosion have filed new lawsuits against the company that was digging at the time. The Oregonian/OregonLive reports Portland Bagelworks owners Kim and Rik Bartel ar...
Fri, 13 Dec 2019 06:00:10 +0000
United Valley Insurance Services Inc. in California has named Nichole Alanis a member relations specialist. Alanis is focused on assisting members and vendors with on-boarding and training. Nichole previously worked as an underwriting support represent...
Fri, 13 Dec 2019 06:00:04 +0000
Burns & Wilcox has named Sylvia Ornelas associate vice president in addition to her current role as director, personal insurance, in the Los Angeles, Calif., office. Burns & Wilcox also promoted John Heaner to associate managing director from underwrit...
Fri, 13 Dec 2019 06:00:01 +0000
A March fire at a petrochemical terminal that spread a blanket of black smoke across Houston began when part of a manifold, which includes a pump and motor, on one storage tank broke, according to a report by local and …
Fri, 13 Dec 2019 05:36:59 +0000
Tennessee Department of Commerce & Insurance (TDCI) Commissioner Hodgen Mainda has named two longtime Tennessee captive insurance experts to new roles in the department. Michael Corbett has been named to the newly created director of Business Developme...
Fri, 13 Dec 2019 05:27:38 +0000
Burns & Wilcox has promoted John Heaner to associate managing director from underwriting manager, commercial insurance. Heaner is based in the Burns & Wilcox Tampa, Fla., office Heaner will oversee and manage day-to-day operations and team growth to su...