News – Insurance Journal
|Unlicensed Contractor Arrested by Florida Disaster Fraud Strike Team
An unlicensed contractor from Fort Myers, Fla., has been arrested after he was found to be conducting subpar roof repairs and operating without insurance in the wake of Hurricane Irma. Chief Financial Officer Jimmy Patronis said Oscar M. Palma was …
POSTED OCTOBER 24, 2017 4:33 AM
|Collision Between Car, 2 School Buses Injures 10 in South Carolina
South Carolina state troopers say 10 people, including eight students, were injured when two school buses were involved in related crashes. Troopers tell local media outlets both collisions happened Saturday afternoon on Highway 11 in Pickens County. Authorities say that …
POSTED OCTOBER 24, 2017 4:22 AM
|Georgia Reports $4.7M Recovered for Insurance Consumers So Far in 2017
The Georgia Department of Insurance’s Consumer Services Division answered more than 8,778 complaints and helped consumers receive $4,828,385 million in claims settlements through the first three quarters of 2017, according to a statement from the Georgia Department of Insurance. Many …
POSTED OCTOBER 24, 2017 4:17 AM
|Train Derailment in Tennessee Sends Multiple Rail Cars Into Buildings
Authorities in Tennessee say a Norfolk Southern train derailed in Knoxville, sending rail cars carrying shipping containers off the tracks, with some of them plowing into buildings. No one was injured. The News-Sentinel in Knoxville reported police tweeted that 50 …
POSTED OCTOBER 24, 2017 4:10 AM
|Judge Orders Georgia Vidalia Onion Farmer to Pay $1.4M in Overtime Suit
One of the largest producers of Georgia’s famous Vidalia onions must pay $1.4 million in damages and unpaid overtime owed to hundreds of workers, a federal judge ruled. A U.S. District Court judge found that Bland Farms Production and Packing …
POSTED OCTOBER 23, 2017 4:57 PM
|2 Missing After Barge Fire Off Texas Coast
The U.S. Coast Guard searched for two missing crew members on Saturday from a crude oil-bearing barge that caught fire off the Texas coast. Coast Guard spokeswoman Jennae Steinmiller says that emergency responders are also working to contain the spread …
POSTED OCTOBER 23, 2017 4:54 PM
|3 Arrested For Stealing $13K in Equipment From West Virginia Coal Company
Authorities have arrested three people after a burglary at a southern West Virginia coal company. Wyoming County Sheriff’s Chief Deputy Jimmy White tells The Register-Herald the department heard two masked people were going toward Brooks Run Coal Company Oct. 4 …
POSTED OCTOBER 23, 2017 4:54 PM
|CNA Appoints Wilson Senior VP, Underwriting Services
Chicago-based insurer CNA has named Katie Wilson as senior vice president, underwriting services, within the company’s Commercial unit. In this role, Wilson is responsible for driving the overall strategic direction and general management of Underwriting Services. Wilson reports to Julie …
POSTED OCTOBER 23, 2017 4:53 PM
|Mahaffey Promoted to Transportation Underwriter in J.M. Wilson’s Ohio Office
Managing general agency and surplus lines broker J.M. Wilson has promoted Seth Mahaffey to transportation underwriter in its Westerville, Ohio, office. Mahaffey is responsible for quoting new and renewal accounts for a wide variety of commercial transportation risks, as well …
POSTED OCTOBER 23, 2017 4:48 PM
|H.W. Kaufman Group Opens New Burns & Wilcox Office in Grand Rapids, Michigan
H.W. Kaufman Group has opened a new office for wholesale insurance broker and underwriting manager, Burns & Wilcox, in Grand Rapids, Michigan. The opening of the new location follows the acquisition of Grand Rapids-based Chlystek & White Insurance Services in …
POSTED OCTOBER 23, 2017 4:41 PM
|D&O costs decline in third quarter
POSTED OCTOBER 23, 2017 5:38 PM
|The sharing economy: Balancing risks, opportunities
POSTED OCTOBER 23, 2017 1:35 AM
|Lloyd’s lowers hurricane loss estimates
Lloyd’s of London said it has paid some $900 million in claims thus far for hurricanes Harvey, Irma and Maria, as the insurer also lowered slightly its estimates for overall losses to a combined $3.9 billion for Harvey and Irma and issued a preliminary estimate of $900 million for Windstorm Maria.
POSTED OCTOBER 23, 2017 2:53 PM
|Late notice shields Nautilus Insurance from shooting victim’s suit
A nightclub waitress who was shot when armed gunmen entered her workplace cannot recover from the insurer for the club’s security firm because of a late notice, says a federal appeals court in upholding a lower court ruling.
POSTED OCTOBER 23, 2017 2:46 PM
|Ryan Specialty to acquire Houston wholesale broker
Ryan Specialty Group has reached a definitive agreement to acquire Houston-based wholesale insurance broker Oxford Insurance Services.
POSTED OCTOBER 23, 2017 1:28 PM
|Cue angry face: Apple sued over animoji
Apple Inc. is facing a lawsuit over the face-recognition, expression animoji feature set to be introduced in with the iPhone X later this fall.
POSTED OCTOBER 23, 2017 12:43 PM
|US warns public about attacks on energy, industrial firms
The U.S government issued a rare public warning that sophisticated hackers are targeting energy and industrial firms, the latest sign that cyber attacks present an increasing threat to the power industry and other public infrastructure.
POSTED OCTOBER 23, 2017 12:30 PM
|Kaspersky Lab to open software to review, says nothing to hide
Moscow-based Kaspersky Lab will ask independent parties to review the security of its anti-virus software, which the U.S. government has said could jeopardize national security, citing concerns over Kremlin influence and hijacking by Russian spies.
POSTED OCTOBER 23, 2017 12:12 PM
|Bank of America beefs up security for online banking
Bank of America Corp. will start using an additional layer of authentication for online banking, the bank said on Monday, amid a wave of high-profile data breaches at several big U.S. companies.
POSTED OCTOBER 23, 2017 11:59 AM
|Fall protection citation against construction company affirmed
An administrative law judge of the U.S. Occupational Safety and Health Review Commission affirmed citations issued against a construction employer whose employees were photographed working on a site without fall protection and assessed total penalties of $5,600.
POSTED OCTOBER 23, 2017 11:09 AM