News – Insurance Journal
|Private Equity Owner Weighs Selling Partial Stake in Insurance Broker HUB International: Reuters
Hellman & Friedman LLC is exploring the sale of a stake in HUB International Ltd. in a deal that could value one of the largest North American insurance brokerages at between $6 billion and $7 billion, including debt, people familiar …
POSTED AUGUST 18, 2017 2:03 AM
|Middle Market Growth Spells Opportunity for California’s Insurance Community
The insurance community has at least two reasons to be interested in a new report on middle market companies, particularly those who are doing business in California. According to a report released this week from American Express and Dun & …
POSTED AUGUST 17, 2017 9:56 PM
|Report: Written Premiums for California Comp Insurers to be Flat Through 2017
Written premiums from workers’ compensation insurers in California for the year are expected to be flat at $18.1 billion compared with 2016 thanks largely to rate decreases, according to analysts with the Workers’ Compensation Insurance Rating Bureau. Premiums doubled from …
POSTED AUGUST 17, 2017 7:44 PM
|Quarry Blasts Send Barrage of Rocks Through Minnesota Neighborhood
Southern Minnesota residents are on edge after another quarry blast from a nearby mining operation sent a barrage of rocks through a neighborhood. A blast at Jefferson Quarry sent chunks of limestone — some as large as bowling balls — …
POSTED AUGUST 17, 2017 4:52 PM
|Insurance Professionals, Meteorologists to Kick Off ‘Hurricane Tour’
Texas insurance experts and meteorologists will be touring the Texas coast to inform the public about hurricane awareness and new legislation aimed at mitigating storm damage and related insurance costs. The Insurance Council of Texas (ICT) will lead the team …
POSTED AUGUST 17, 2017 4:26 PM
|Update: Vehicle Plows into Barcelona Pedestrians with 13 Dead, 50 Injured
A van plowed into pedestrians on Barcelona’s most iconic avenue at the height of the tourist season in a terrorist attack that left 13 people dead and echoed similar incidents in other European cities. Catalonia’s regional government said 50 people …
POSTED AUGUST 17, 2017 4:20 PM
|Louisiana Installing Barriers to Help Stem Fatal Highway Crashes
To help prevent fatal crashes more than 600 miles of cable barriers will be installed in highway medians across Louisiana through state and federal funding totaling more than $100 million. KTBS-TV reports crews will begin installing the barriers for 41 …
POSTED AUGUST 17, 2017 4:17 PM
|Ford Motor Co. to Pay Up to $10.1M to Settle EEOC Harassment Case
Ford Motor Co. has agreed to pay up to $10.125 million to settle an investigation by the U.S. Equal Employment Opportunity Commission (EEOC) over alleged sex and race harassment at two Ford plants, the federal agency announced. In its investigation, …
POSTED AUGUST 17, 2017 4:14 PM
|Baylor Settles with Woman Who Said University Ignored Rape
The first woman to sue Waco, Texas-based Baylor University over allegations the nation’s largest Baptist school ignored or mishandled rape allegations has settled her case, her attorney said. Jasmin Hernandez sued Baylor in early 2016, two months before the school …
POSTED AUGUST 17, 2017 4:08 PM
|J.M. Wilson Adds Bailey as Asst. Transportation Underwriter in Michigan
Managing general agency and surplus lines broker, J.M. Wilson, has added Mitchell Bailey as assistant transportation underwriter in its Portage, Michigan, office. Bailey is responsible for quoting new and renewal transportation accounts, setting up and binding policies, assisting underwriters, and …
POSTED AUGUST 17, 2017 4:02 PM
|Argo names surplus lines leader
POSTED AUGUST 17, 2017 3:22 PM
|California comp premiums expected to remain flat
Workers compensation premiums in California are expected to remain flat in 2017 after doubling between 2009 and 2015, according to a report released Wednesday by the California Workers’ Compensation Research Institute.
POSTED AUGUST 17, 2017 3:20 PM
|Injuries sustained in suicide attempt are compensable: Court
A federal appeals court ruled a man who shot himself due to anguish over injuries suffered on the job after he fell off a barge to a dry dock is entitled to compensation for the injuries he sustained during his suicide attempt.
POSTED AUGUST 17, 2017 3:05 PM
|Swiss Re forms global contingency and sports personal accident unit
Swiss Re Corporate Solutions Ltd., a division of Swiss Re Ltd., on Thursday said it is forming a global unit for its contingency and sports personal accident business.
POSTED AUGUST 17, 2017 1:11 PM
|Pennsylvania considers loss cost increase in wake of impairment evaluation ruling
The Pennsylvania Compensation Rating Bureau filed a 6.06% loss cost increase as a response to a Pennsylvania Supreme Court decision.
POSTED AUGUST 17, 2017 12:57 PM
|Insurer wins tornado damage dispute
The Cincinnati Insurance Co. has prevailed in litigation with a policyholder over the value of a claim in connection with a building destroyed by a tornado.
POSTED AUGUST 17, 2017 12:53 PM
|EEOC sues company over shunning applicants based on age, comp claims
The Equal Employment Opportunity Commission has sued an Oklahoma-based oil and gas drilling company for declining to hire potential employees based on age or previous history of filing workers comp claims.
POSTED AUGUST 17, 2017 12:36 PM
|Nutella goes missing in Germany
Perhaps a bank-caliber armored truck would have been a good risk-management strategy, as 20 tons of creamy, chocolatey hazelnut gold has gone missing in Germany, according to news outlets.
POSTED AUGUST 17, 2017 11:50 AM
|Restaurant cited for workers comp, wage theft violations
The California Labor Commissioner cited a Chula Vista, California, restaurant more than $274,000 in back wages and penalties for multiple wage theft and labor law violations, some of which affected workers compensation, the office announced Wednesday.
POSTED AUGUST 17, 2017 11:33 AM
|Paperboard mill faces $357,000 in penalties for unsafe work conditions
A New York paperboard mill is facing $357,445 in proposed penalties from federal workplace safety regulators for exposing workers to 61 safety and health hazards.
POSTED AUGUST 17, 2017 11:24 AM