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News – Insurance Journal

Court Rules Wyoming Killer Was Not a ‘Resident’ Under Mother’s Homeowners Policy
A U.S. Court of Appeals for the 10th District this week ruled that a Wyoming man convicted of a 2014 murder was not an insured “resident” under his mother’s homeowners insurance policy, and it turns out that finding doesn’t favor …

POSTED APRIL 24, 2019 11:32 PM
Workers’ Comp Claims in Colorado’s Cannabis Industry Not as High as You Think
It’s a safe bet that there are a number of those among us who envision workers in the marijuana industry as mostly a bunch of mellow bud-blazers haphazardly performing the daily tasks of trimming, potting, transporting or selling cannabis. Those …

POSTED APRIL 24, 2019 9:19 PM
Florida Legislature Passes Industry-Backed AOB Reform Bill; Gov. Expected to Sign
After seven years of failed attempts, Florida legislators have passed property insurance reform to address the abuse of a policyholder benefit known as assignment of benefits (AOB). The insurance industry and consumers advocates say the abuse has caused higher insurance …

POSTED APRIL 24, 2019 6:44 PM
California Workers’ Compensation Rating Bureau Issues Report on Opioids
The use of opioids has significantly and continuously declined in the California workers’ compensation system since 2012, a trend that may be leading to a shift in the patterns of medical treatments for California’s injured workers as well as more …

POSTED APRIL 24, 2019 5:21 PM
CIC Services Launches Captive Program for Small, Mid-Sized Businesses
CIC Services, LLC, has created a new program help small- to mid-sized companies establish captive programs for their business. The program is designed for companies that would otherwise not be large enough to consider replacing commercial insurance with a captive. …

POSTED APRIL 24, 2019 4:48 PM
New Brightway Insurance Agency Opens in Missouri
Florida-based Brightway Insurance has opened a new store in Missouri. The Grone Agency in Des Peres was established by Brennen Grone, who first worked for Brightway, The Landers Agency in Glendale, Colo. Grone subsequently worked alongside his father in an …

POSTED APRIL 24, 2019 4:44 PM
Oklahoma Supreme Court Tosses Non-Economic Damages Cap
The Oklahoma Supreme Court on April 23 struck down a state law that caps monetary damages for pain and suffering in personal injury lawsuits, the latest civil justice measure backed by the Republican-controlled Legislature to be invalidated by the state’s …

POSTED APRIL 24, 2019 4:35 PM
Cars Submerged at Dallas Airport Amid Storm Outbreak
Storms that pummeled North Texas overnight are being blamed for stranding motorists in the Dallas/Fort Worth area and for flooding underground parking lots at a Dallas airport. Dozens of vehicles were submerged in nearly four feet of water in the …

POSTED APRIL 24, 2019 4:24 PM
Allianz Weighs Bid for Deutsche Bank’s Asset Management Business: Sources
Allianz and Amundi are considering rival deals to tie up their asset management units with Deutsche Bank’s DWS, sources close to the matter said on Wednesday. Their interest comes as Germany’s biggest bank considers a possible merger with Commerzbank, with …

POSTED APRIL 24, 2019 4:11 PM
Wading Through Coverage Differences in Expanding Private Flood Insurance
It has been a long-held insurance axiom that flood is not considered an insurable peril due to its potentially catastrophic nature. Here is what the report, “Affordability of National Flood Insurance Program Premiums: Report 1” (National Research Council, 2015) says …

POSTED APRIL 24, 2019 3:36 PM

NOTICE: The links and articles found on or within this news center are simply for informational purposes that we believe may be of benefit to our clients and/or website visitors. By providing these links on our website, we are not recommending or endorsing the use of the particular products or services these third parties offer. Nor does Wateridge Insurance Services confirm, corroborate or agree to the statistics or opinions on these links and articles. We urge you to review each website’s Privacy Policy, Disclaimers, and develop an independent opinion of the service or product for any link pursued.

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