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Showing posts from February, 2020

Georgia Charcoal Company Cited, Fined $339.7K for Safety Hazards at Missouri Plants

Federal officials have cited a Georgia-based charcoal manufacturer for exposing employees to safety and health hazards at two Missouri plants. The Occupational Safety and Health Administration is recommending fines of $339,702 against Royal Oak Enterprises, based in Roswell, Georgia, for … from News – Insurance Journal https://ift.tt/2T8P9Xy

Davis Named President of Texas’ Service Insurance Holdings

Service Insurance Holdings, based in Austin, Texas, has made changes to its executive leadership team, completing a long-planned transition to provide executive leadership for all insurance operations. The company provides casualty products and services through its subsidiaries, Service Lloyds Insurance … from News – Insurance Journal https://ift.tt/2TmT5Tb

California Worries About Drought and Wildfires Amid Dry Winter

California officials are bracing for the potential of another drought and an early and more intense wildfire season amid a record-breaking warm and dry February. February is shaping up to be driest on record for much of the state, with … from News – Insurance Journal https://ift.tt/3aePXzH

California Public Utilities Commission Fines PG&E $2.1B over Wildfires

The California Public Utilities Commission has issued an administrative law judge decision imposing $2.137 billion in penalties against Pacific Gas and Electric Company for the utility’s role in the catastrophic 2017 and 2018 wildfires. If PG&E agrees to the modified … from News – Insurance Journal https://ift.tt/32EXnJR

ERS says Ogden drove up COR in 2019

Profit and GWP improved at the motor provider. from Insurer - insuranceage.co.uk https://ift.tt/396DQVi

Q4 Earnings Briefs: State Auto, National General, Donegal, Safety, Protective

State Auto Financial State Auto Financial Corp. (STFC) 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. … from News – Insurance Journal https://ift.tt/2ToT415

Opioid Firms Warn Lawyers’ Bid for 7% Fee Jeopardizes Settlement

Johnson & Johnson and other drug companies facing thousands of lawsuits over their role in the opioid epidemic have warned that settlement talks will be “severely” jeopardized if plaintiffs’ lawyers are allowed to assess a fee payment worth billions of … from News – Insurance Journal https://ift.tt/2I2QngD

The Hilb Group Acquires Assets of Rhode Island’s D.F. Dwyer & Associates

The Hilb Group LLC (THG) has acquired certain assets of Rhode Island-based D. F. Dwyer & Associates LLC (DFD). The transaction became effective February 1, 2020. Based in Newport, R.I., DFD provides a full range of property and casualty insurance … from News – Insurance Journal https://ift.tt/2VuFiwD

New York Governor Wants $40M to Respond to Coronavirus

New York’s governor says he will ask state lawmakers in coming days to approve $40 million to help state health officials respond to the deadly coronavirus outbreak. Governor Andrew Cuomo, a Democrat, told reporters Wednesday that the funding will help … from News – Insurance Journal https://ift.tt/32xwXd9

Reckless Drivers Could Lose Vehicles Under New NYC Law

New York City drivers who get five camera-issued red light tickets or 15 camera-issued speeding tickets in a 12-month period will have to take a traffic safety course or risk losing their vehicles under a bill signed by Mayor Bill … from News – Insurance Journal https://ift.tt/32Aywqu

Global Insurers Face Hefty Claims if Coronavirus Forces Olympics Cancellation

Global insurers face a hefty bill if the coronavirus forces the cancellation of the Summer Olympics in Tokyo, with estimates of the cost of insuring the sporting showpiece running into billions of dollars. Japan has more than 200 cases of … from News – Insurance Journal https://ift.tt/2TmrYaZ

Pool Re set to become part of the government

Pool Re to operate as it currently does until 31 March 2021, while a range of options are considered. from Insurer - insuranceage.co.uk https://ift.tt/2TnGwaj

The Insurance Age Podcast: 28 February 2020

The Insurance Age team chat about the most popular news stories of the week. from Insurer - insuranceage.co.uk https://ift.tt/2vdfISd

UK Threatens to Walk Away from EU Trade Talks if Quick Progress Isn’t Made

Britain published its opening demands for trade talks with the European Union on Thursday, delivering a blunt threat to walk away from the table if there is no progress within four months. The two sides appear headed for a rocky … from News – Insurance Journal https://ift.tt/2uDxv4F

Colorado Forges Ahead On A New Model For Health Care While Nation Waits

DENVER — With the nation’s capital mired in gridlock and the Affordable Care Act facing a dire legal challenge, the prospects of lowering health care costs for Americans this year seem unlikely. Just don’t tell that to Coloradans. Democratic majorities in the state House and Senate and a Democratic governor eager to push aggressive health care measures have turned Colorado into one of the foremost health policy laboratories in the country. State lawmakers have taken swift action on many of the same health issues being debated at the federal level, including a government-run health plan known as a public option, surprise medical billing, drug importation and high drug costs. Colorado has emerged as a potential model for revamping health care in other states — and provided a glimpse of what a sweeping Democratic victory in November might mean for Americans. “From a national perspective, this is known as one of the cool places for health care reform, where people are trying new ideas,...

Catastrophe Bond Prices Signal Coronavirus Nearing Pandemic Status

The World Health Organization says the coronavirus isn’t yet a global pandemic. Bonds that insure against just such a catastrophe say that it probably is. The bonds, sold in 2017 by the World Bank to raise money for poor countries … from News – Insurance Journal https://ift.tt/3cc7CKh

Former Neon Exec Conway Joins TigerRisk’s Bermuda Reinsurance, Retro Teams

TigerRisk Partners LLC, the Stamford, Conn.-based re/insurance broker, announced it has appointed Christopher Conway to a newly created senior role strategically positioned across both TigerRisk’s Reinsurance and Retro teams in Bermuda. Conway will report to Alex Bridges, partner and head … from News – Insurance Journal https://ift.tt/2TqVvjX

California Father And Son Charged With Auto Insurance Fraud

A father and son from California have been charged with felony counts of auto insurance fraud after allegedly falsifying an insurance claim in order to receive an undeserved payout from an insurance company. The charges were filed this week against … from News – Insurance Journal https://ift.tt/2wUtr0F

Arizona Court Rules Workers’ Comp OK for Cops’ High-Stress Situations

An Arizona court ruling stemming from a sheriff’s deputy’s encounter with a shotgun-wielding man says law enforcement officers can claim workers’ compensation benefits if diagnosed with PTSD or other mental conditions because of extraordinary high stressful incidents on the job. … from News – Insurance Journal https://ift.tt/2vriPWH

Fired Arizona State University Associate Athletic Director Files $1.5M Claim

A former senior associate athletics director at Arizona State has filed a $1.5 million claim against the university over his firing last December. David Cohen said in his claim – which is the precursor to a lawsuit – that an … from News – Insurance Journal https://ift.tt/2T72Ypm

The Hagar Group, Bruening Insurance Agency Join Renaissance Alliance in Florida

Renaissance Alliance Insurance Services, a membership alliance for independent insurance agencies, has added two new independent insurance agencies to its Florida network. The new agencies include Bruening Insurance Agency of Weston, Fla., and The Hagar Group of Inverness, Fla. Bruening … from News – Insurance Journal https://ift.tt/2Tmt1HT

Georgia to Receive $347M in Long-Awaited Hurricane Michael Relief

Georgia’s governor and agriculture commissioner on Wednesday announced that $347 million in federal disaster relief funding would soon be available to farmers, nearly a year and a half after Hurricane Michael caused billions of dollars in damage to southwest Georgia. … from News – Insurance Journal https://ift.tt/2w95OBc

Nationwide, Generali Form Joint Venture N2G to Sell International Commercial Lines

Trieste, Italy meet Columbus, Ohio. Ciao! Hello! Two large insurers — Ohio’s Nationwide and Italy’s Generali — are teaming up to serve commercial insurance customers with global needs. The insurers announced they have formed a joint venture called N2G to … from News – Insurance Journal https://ift.tt/2T5ohY5

AM Best Downgrades Argo’s Credit Ratings After a Disappointing Q4

Argo Group International Holdings, already reeling from a tough 2019 fourth quarter and year, now must deal with downgraded credit ratings from AM Best. The Bermuda-based specialty insurer and reinsurer had its long-term issuer credit ratings downgraded for the main … from News – Insurance Journal https://ift.tt/32uS0wK

Supreme Court Rejects Stricter Deadline for Employee Claims Against Retirement Plans

The U.S. Supreme Court on Wednesday refused to back stricter deadlines for workers to sue retirement plans over alleged mismanagement, ruling Intel Corp. cannot avoid a suit accusing it of unlawfully making high-risk investments that cost retirement plan beneficiaries hundreds … from News – Insurance Journal https://ift.tt/387ByUm

Broker Investor Group Selects 12 Insurtechs for First Cohort

BrokerTech Ventures, an investor group and accelerator program led by nine insurance brokerages, has selected 12 insurtechs for its first cohort that convenes March 2 in Des Moines, Iowa, for a five-week curriculum. BrokerTech Ventures offers the cohort insights into … from News – Insurance Journal https://ift.tt/2wSImZg

RSA is "getting its mojo back" says UK boss Scott Egan

Egan points to growth in RSA's regional commercial broker book as UK business moves back into profit. from Insurer - insuranceage.co.uk https://ift.tt/2wSsUwc

HDI Group Takes Stake in German Cyber-Security Start-Up Enginsight

The HDI Group, the Hannover, Germany-based subsidiary of Talanx Group, has taken a stake in the cyber-security start-up Enginsight in Jena, Germany. Financial details of the transaction were not disclosed. Enginsight offers companies fully automated protection against attacks on their … from News – Insurance Journal https://ift.tt/392PErC

UK Financial Services Sector Could Take Back Seat to Fishing in EU Trade Talks

Britain will likely secure only temporary access to the European Union financial market under a broader trade deal in which finance may take a back seat to sectors such as fishing, financial industry officials said on Wednesday. Britain and the … from News – Insurance Journal https://ift.tt/2w9TZux

QBE Promotes Postlewhite to Managing Director of QBE Re

QBE has appointed Stephen Postlewhite as managing director, QBE Re. He will start the new role from April 1, taking over from Jonathan Parry, who will retire in 2021. With more than 20 years’ experience in the industry, Postlewhite joined … from News – Insurance Journal https://ift.tt/2TjzcN1

New York’s Greene & Associates Hires Fischer to Production Team

Greene & Associates, an East Aurora, N.Y.-based underwriting manager and wholesaler broker, recently announced the addition of Seth Fischer to its production team. Fischer brings 25 years of specialty underwriting, marketing, product development, portfolio management and leadership experience to Greene. … from News – Insurance Journal https://ift.tt/32vJ6zb

New York DFS Announces Settlement with Global Provider of Mobile Insurance

The New York State Department of Financial Services (DFS) has fined Asurion Insurance Services Inc. and Asurion Protection Services LLC (Asurion) four million dollars for providing inadequate consumer disclosures for insurance offerings for mobile phones, tablets and other wireless communication … from News – Insurance Journal https://ift.tt/2vl9kIw

New Hampshire Insurance Department Confirms Nicolopoulos as Commissioner

The New Hampshire Insurance Department has confirmed Chris Nicolopoulos as insurance commissioner succeeding John Elias, who resigned in December less than two years after his appointment. Nicolopoulos was nominated by New Hampshire Governor Chris T. Sununu following Elias’ resignation and … from News – Insurance Journal https://ift.tt/2v9YjK9

Bank of England’s Carney Warns Investors to Get Serious About Climate Change

In a world facing a climate crisis, investors need to start taking account of carbon emissions and rising temperatures in their decisions, according to Bank of England Governor Mark Carney. The shift in thinking will be key to the industry’s … from News – Insurance Journal https://ift.tt/2Pt3WtO

RSA reports “strong results” after “disappointing” 2018

Performance at group and UK & International level improved and COR was 95.0% as the business noted the impact of discipline and portfolio exits. from Insurer - insuranceage.co.uk https://ift.tt/2wSYfyP

Hastings posts profit drop after "challenging" 2019

CFO John Worth said results were driven by elevated claims as the business reports rising GWP in every division except van. from Insurer - insuranceage.co.uk https://ift.tt/2TjVvBZ

AXIS Chairman, Co-Founder Butt to Retire; Smith Named Chairman-Elect

AXIS Capital Holdings Ltd. announced that Michael Butt, chairman of the board of directors, will retire from the company, effective Sept. 16, 2020. A co-founder of AXIS and member of the Insurance Hall of Fame, Butt is a recognized industry … from News – Insurance Journal https://ift.tt/2w7Hrni

Lloyd's outlines priorities for 2020

CEO John Neal says the corporation has raised £300m in debt to fund Future at Lloyd's programme as he admits Lloyd’s is “bound to go down some blind alleys” as it seeks to transform. from Insurer - insuranceage.co.uk https://ift.tt/2w7xczm

Oklahoma Senate Passes Bill Requiring All Children to Wear Seat Belts

The Oklahoma Senate has passed legislation that would require any child under the age of 17 to wear a seat belt while riding in the back seat of a vehicle. Current Oklahoma law only requires children under the age of … from News – Insurance Journal https://ift.tt/2HYXpTl

J.M. Wilson Hires Pov as Assistant P/C Underwriter in Michigan

J.M. Wilson has added Kim Pov as an assistant property/casualty underwriter in its Madison, Wisconsin, office. Pov is responsible for assisting underwriters on a wide variety of property and casualty risks, as well as quoting new and renewal business and … from News – Insurance Journal https://ift.tt/2ThrD9C

39 States Investigating E-Cigarette Maker Juul Over Marketing to Underage Users

A group of 39 state attorneys general on Tuesday announced an investigation into Juul Labs Inc.’s marketing practices, adding to mounting legal and regulatory problems for the e-cigarette maker over its role in the nation’s youth vaping epidemic. The probe, … from News – Insurance Journal https://ift.tt/2Pttl6K

Time Warner Cable Will Pay $18.8M in California Internet Case

Time Warner Cable will pay $18.8 million to settle a lawsuit that claimed it misled more than 170,000 California customers who paid for high-speed internet service that they didn’t receive, prosecutors said. Eligible customers will receive about $16.9 million in … from News – Insurance Journal https://ift.tt/2Tn2Wsj

How Draining the Reservoir Can Help Mitigate Flooding

Persistent rains have been pounding the Southeast, and a week ago, the Pearl River in Jackson, Mississippi, spilled over its banks, submerging a dozen city blocks in several feet of water. The river had crested at 36.7 feet—its third-highest level … from News – Insurance Journal https://ift.tt/2VxxTMS

Arizona Gets Court Order Blocking Vaping Firm’s Products

Arizona’s attorney general has obtained an injunction against a New Jersey-based vaping company he recently sued that bars the company from marketing or selling any of its products in the state. The injunction against Eonsmoke was announced by Attorney General … from News – Insurance Journal https://ift.tt/2Pu8Q9R

Northern California Sting Brings Insurance Fraud Charges in Auto Body Repair Bust

An operation by a crime task force in Northern California targeting auto body repair facilities resulted in eight felony counts of insurance fraud against four individuals The California Department of Insurance, Contra Costa County District Attorney’s Office and the National … from News – Insurance Journal https://ift.tt/3a5HpuX

Idaho Man Sentenced for Fabricating Bill of Sale on $700 Mercedes

An Idaho man was sentenced for insurance fraud in violation of Idaho code after reportedly purchasing a 1992 Mercedes for $700 and then adding the vehicle to an existing policy with GEICO. Hester then filed a claim for damages done … from News – Insurance Journal https://ift.tt/385qlUp

Toyota to Offer Nationwide’s Auto Insurance Product with Telematics

Toyota car owners can buy insurance that promises them up to 40 percent savings for safe driving. Toyota Insurance Management Solutions (TIMS) has teamed up with Nationwide to launch what they are calling TIMS BrightDrive, a telematics offering that uses … from News – Insurance Journal https://ift.tt/3aas50b

Direct Line’s Ipswich office to close amid redundancy plan

The provider confirmed that the Manchester office is also set to be down-sized as the insurer seeks to cut around 800 jobs due to digital drive. from Insurer - insuranceage.co.uk https://ift.tt/32tjHWM

School Bus Crash in Upstate New York; Five Children, Two Adults Injured

Five children aged six to 17 and two adults were injured in a school bus accident Thursday about 60 miles northwest of New York City, according to state police. Troopers said a pick-up truck apparently rear-ended the eastbound bus on … from News – Insurance Journal https://ift.tt/3c4fHR7

Insurance Office of America Appoints Tresidder as Director of Surety

Insurance Office of America (IOA) has added Michael J. Tresidder to its team. Tresidder has been appointed director of surety, which is a newly created position, and he will be based in IOA’s Syracuse, N.Y, office. Tresidder has more than … from News – Insurance Journal https://ift.tt/2VqzEvs

Lawsuit Alleges University of Maryland Fed Gluten to Student with Celiac Disease

A student who has celiac disease says in a lawsuit that a Maryland state university deliberately served her food containing gluten. The lawsuit from Allegany County native Hannah Smith said the University of Maryland, College Park, violated the Americans with … from News – Insurance Journal https://ift.tt/2HVOBO7

Markets Are Overreacting to Threat of Coronavirus: Allianz CEO Baete

Markets are overreacting to the threat of the rapidly spreading coronavirus and the global economy will only see a short-term impact, said the head of Allianz SE, Europe’s biggest insurer. Chief Executive Officer Oliver Baete said the firm was more … from News – Insurance Journal https://ift.tt/391zBKz

QIC Global Names van der Straaten as Chief Executive Officer

QIC Global, the specialty insurance and reinsurance subsidiary of Qatar Insurance Group, announced the appointment of Michael van der Straaten, as CEO of QIC Global (International), effective March 1, 2020. van der Straaten will remain CEO of Qatar Re. Joe … from News – Insurance Journal https://ift.tt/3c9J0So

Zurich Insurance Partners with Cyber-Security Specialist CYE

Zurich Insurance Group has created a new offering together with cyber-security company CYE to shield businesses against the growing risks of cyber crime. With the partnership, Zurich’s specialist cyber insurance and risk engineering capabilities are combining with CYE’s artificial intelligence-based … from News – Insurance Journal https://ift.tt/2w6eng5

Singapore Prepares for Worst of Climate Change with $72B Defense Plan

Singapore has a reputation for planning ahead. When it comes to climate change, it’s planning for the worst. While governments around the world are struggling to meet the goals of the Paris agreement — keeping the global temperature increase to … from News – Insurance Journal https://ift.tt/3a4j5tm

Coronavirus’ Hits to Supply Chains Could Surpass Natural Disasters: Opinion

Everyone is wondering when China will return to work. While it may be tempting to consider past epidemics or labor strikes to gauge how quickly that could happen, the industrial shutdown from the coronavirus is looking more like a natural … from News – Insurance Journal https://ift.tt/2Tcvp3U

BHSI Expands Team in Spain, Tapping Lovera from Chubb, RSA’s Sanchez

Berkshire Hathaway Specialty Insurance (BHSI) announced two appointments in Spain, naming Alejandro Lovera as head of Executive and Professional Lines and Silvia Sanchez as head of Operations. Lovera has spent nearly 15 years in the commercial insurance industry, most of … from News – Insurance Journal https://ift.tt/37TWIW4

Distinguished Programs Adds Schmitt as Sales Executive for Oklahoma, Texas

Distinguished Programs, a national insurance program manager, has hired Erick Schmitt as the new regional sales executive for Texas and Oklahoma. He is based in Dallas. Schmitt brings nearly 16 years of industry experience to his new executive role at … from News – Insurance Journal https://ift.tt/38YHO2c

Ohio Bill Would Lift Pain-and-Suffering Caps in Rape Cases

Proposed legislation in the Ohio House would lift caps on pain-and-suffering awards in lawsuits brought by rape victims. The bill introduced this month by two Democratic lawmakers stems from a 2016 Ohio Supreme Court ruling that threw out a $3.6 … from News – Insurance Journal https://ift.tt/2VmZrVl

Grange Insurance’s Hammonds Adds Community Relations to AVP Role

Grange Insurance in Columbus, Ohio, has named Priscilla Hammonds as assistant vice president, Diversity & Inclusion and Community Relations. Hammonds has served as assistant vice president, Diversity & Inclusion since joining Grange in 2015. She adds the community relations role … from News – Insurance Journal https://ift.tt/2HWdVUf

NFP Names Ongkiko Managing Director of Utah Office

NFP has named Michael Ongkiko managing director of its Utah Office. Ongkiko will lead the Utah office and be responsible for developing new business opportunities, expanding relationships and growing the NFP service capabilities in the greater Utah market. Ongkiko will … from News – Insurance Journal https://ift.tt/2T0eVNq

Insurance Coverage for Losses Stemming from the Coronavirus

The coronavirus has not only sickened tens of thousands of people, killed several hundred, and disrupted life for millions, but has also sharply impacted the second-largest economy in the world. Many Chinese companies have suspended operations, and international companies like … from News – Insurance Journal https://ift.tt/37ZEnH1

Georgia Senate Approves Easing Restrictions for Home Builds Below Dams

Georgia senators voted Monday to let people build homes that could be flooded by dams without raising safety standards for the upstream dam. The state Senate voted 47-6 to pass Senate Bill 319, sending it to the House for more … from News – Insurance Journal https://ift.tt/2SXJyDg

AssuredPartners Acquires Superior Benefits of Florida

AssuredPartners, Inc. has acquired Superior Benefits, Inc. of Tampa, Fla., a national employee benefits agency with $1.5 million in annualized revenues. Superior Benefits staff will remain under the operational leadership of Joe Stagliano. stated AssuredPartners President and COO Tom Riley … from News – Insurance Journal https://ift.tt/2PpA6Gu

West Virginia to Receive More Funds for 2016 Flood Recovery

President Donald Trump has increased the federal share of costs to help West Virginia recover from floods that ravaged the state in June 2016. Gov. Jim Justice’s office said Friday that Trump approved his request to increase the federal share … from News – Insurance Journal https://ift.tt/3905enT

Democrats Sharpen Health Care Attacks As Primaries Heat Up

The ideal began to get real on Tuesday, as seven of the top contenders for the Democratic presidential nomination sparred over the price tag on health care reform and even revealed similarities on issues like marijuana legalization. With Democrats in 15 states and American Samoa set to cast their primary votes in the next week, the candidates eagerly seized their chances on the debate stage in Charleston, S.C., to jab Sen. Bernie Sanders of Vermont, the current frontrunner, during the party’s tenth debate. For all of their interruptions and talking over each other, though, the candidates offered a few thoughtful answers and, seemingly in spite of themselves, agreed on at least decriminalizing marijuana and expunging past, small-scale marijuana possession charges from Americans’ criminal records. Don't Miss A Story Subscribe to KHN’s free Weekly Edition newsletter. Sign Up Please confirm your email address below: Sign Up Sanders said he would remove ma...

Bernie Sanders Embraces A New Study That Lowers ‘Medicare For All’s’ Price Tag, But Skepticism Abounds

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“[ A recent study] said ‘Medicare for All’ will lower health care costs in this country by $450 billion a year and save the lives of 68,000 people who would otherwise have died. ” — Vermont Sen. Bernie Sanders in remarks made February 25, 2020 during the South Carolina Democratic primary debate. Defending his signature health plan — a single-payer system known “Medicare for All” that would move all Americans to government-funded coverage  — Vermont Sen. Bernie Sanders argued that the massive health care expansion would actually save the system hundreds of billions of dollars. Sanders’ figures come from a study published Feb. 15 in The Lancet, a British medical journal. This story also ran on PolitiFact . This story can be republished for free ( details ). “It said ‘Medicare for All’ will lower health care costs in this country by $450 billion a year and save the lives of 68,000 people who would otherwise have died,” Sanders said at the Feb. 25 Democratic presidentia...

Kobe Bryant’s Widow Files Wrongful Death Suit Against Helicopter Operator

Kobe Bryant’s widow sued the owner and operator of the helicopter that crashed in fog and killed the former Los Angeles Lakers star and their 13-year-old daughter last month as she publicly mourned their deaths Monday in an emotional public … from News – Insurance Journal https://ift.tt/2w25151

Progressive Continues Hiring Drive‚ Looking for 8,000 New Employees Across Country

Insurer Progressive said it intends to hire up to 8,000 new employees in 2020. With an increase in customers and total revenues topping $39 billion, the company said it needs more employees to support continued growth in auto, property, commercial … from News – Insurance Journal https://ift.tt/3cb7OsU

Residents of Anchorage, Other Nearby Alaskan Towns Feel Small Quake

Residents of Anchorage, Kenai, Sterling and Soldotna felt a small earthquake that struck the region Sunday morning, the Alaska Earthquake Center confirmed. The magnitude 3.5 earthquake hit at 7:15 a.m. and was centered in a spot 9 miles southwest of … from News – Insurance Journal https://ift.tt/3808caC

Feds to Look into California Bus Rollover That Killed 3

Federal investigators are sending a team to the scene of a charter bus crash crash that killed three people and injured 18 others on a rain-slicked highway near San Diego, officials said. The bus was on Interstate 15 in Pala … from News – Insurance Journal https://ift.tt/2vi53W9

Britain’s Financial Conduct Regulator Admits Data Breach

Britain’s Financial Conduct Authority (FCA) has admitted an accidental leak of confidential information, including the names and some contact details of people who had made complaints against the watchdog in 2018 and 2019, on its website. The FCA said on … from News – Insurance Journal https://ift.tt/32pqnW1

Board Finalizes Rule Scaling Back Joint Employer Liability for Franchisees, Contractors

A U.S. labor board on Tuesday finalized a rule that will make it more difficult to hold companies liable for unlawful labor practices by franchisees and contractors, reversing a more worker-friendly Obama-era standard criticized by business groups. The rule by … from News – Insurance Journal https://ift.tt/380u7OR

U.S. Medical Panel Thinks Twice About Pushing Cognitive Screening For Dementia

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Navigating Aging Navigating Aging  focuses on medical issues and advice associated with aging and end-of-life care, helping America’s 45 million seniors and their families navigate the health care system. To contact Judith Graham with a question or comment,  click here . Join the Navigating Aging Facebook Group . See All Columns [UPDATED at 11:30 a.m. ET] A leading group of medical experts on Tuesday declined to endorse cognitive screening for older adults, fueling a debate that has simmered for years. The U.S. Preventive Services Task Force said it could neither recommend nor oppose cognitive screening, citing insufficient scientific evidence of the practice’s benefits and harms and calling for further studies. The task force’s work informs policies set by Medicare and private insurers. Its recommendations , an accompanying scientific statement and two editorials were published Tuesday in the Journal of the American Medical Association. The task force’s new ...

Aviation Safety Whistleblower to Get $90K

The Federal Aviation Administration (FAA) agreed to pay $90,000 to an aviation safety inspector who faced retaliation for raising concerns about unqualified flight safety inspectors, a U.S. agency said Monday. The U.S. Office of Special Counsel (OSC) said the whistleblower … from News – Insurance Journal https://ift.tt/2v3XX7P

Ageas adds distribution director for regional brokers

Russell White joins from RSA and completes Ageas's broker distribution team restructure following the retirement of Chris Dobson. from Insurer - insuranceage.co.uk https://ift.tt/3c7CefJ

Coronavirus Fears Drive Up Credit Risk for Gulf Crude Exporters

The cost of insuring against sovereign debt defaults by Gulf Arab states has risen in recent days as markets price the risk the coronavirus outbreak represents for the crude export-dependent region. Conventional spreads on the five-year credit default swaps (CDS) … from News – Insurance Journal https://ift.tt/37Xu1HF

Coronavirus Update: On Decline in China But of Rising Concern in South Korea, Italy, Iran

Iran’s coronavirus death toll rose to 16 on Tuesday, the most outside China, heightening its international isolation as dozens of worst-hit nations from South Korea to Italy accelerated emergency measures to curb the epidemic’s global spread. Believed to come from … from News – Insurance Journal https://ift.tt/2PnHRMZ

Grant Will Help Virginia Test Schools for Lead in Water

The Environmental Protection Agency on Thursday announced it was awarding Virginia over $700,000 in grant funding to assist with identifying sources of lead in drinking water in schools and child care facilities. The $737,000 will go to the Department of … from News – Insurance Journal https://ift.tt/2w0jkXM

FSCS declares CBL Insurance Europe has failed

The Ireland-based insurer was placed in administration in 2018 and was ordered to stop paying claims last December. from Insurer - insuranceage.co.uk https://ift.tt/39ZrnT6

Federal Appeals Court in New York Approves of $6.7M Award to Graffiti Artists

A federal appeals court in New York gave its approval Thursday to a $6.7 million award for nearly two dozen graffiti artists whose spray paintings at a once-famous site that attracted thousands of spectators were destroyed to make room for … from News – Insurance Journal https://ift.tt/2Plx1HC

Vermont House Advances Climate Change Bill to Reduce State’s Greenhouse Gas Emissions

The Vermont House has given preliminary approval to legislation that sets requirements and deadlines for reducing greenhouse gas emissions in the state. The so-called Global Warming Solutions Act was up for final approval on Friday. The bill would require that … from News – Insurance Journal https://ift.tt/2w0KihQ

Needy Patients ‘Caught In The Middle’ As Insurance Titan Drops Doctors

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BAYONNE, N.J. — For five years, Rasha Salama has taken her two children to Dr. Inas Wassef, a pediatrician a few blocks from her home in this blue-collar town across the bay from New York City. Salama likes the doctor because Wassef speaks her native language — Arabic — and has office hours at convenient times for children. “She knows my kids, answers the phone, is open on Saturdays and is everything for me,” she said. But UnitedHealthcare is dropping Wassef — and hundreds of other doctors in its central and northern New Jersey Medicaid physician network. The move is forcing thousands of low-income patients such as Salama to forsake longtime physicians. Across the nation, business and contractual disputes are separating patients from longtime doctors. This often occurs when doctors don’t want to accept the rates insurers are willing to pay. It sometimes occurs when insurers’ business plans require having a narrower network of doctors — doctors whose practice patterns may be easier ...

2 Tropical Cyclones Trigger Heavy Rainfall, Flooding in Jakarta

Parts of Indonesian capital and its suburbs were flooded after two tropical cyclones off the nation’s coast triggered heavy rainfall overnight, inundating houses in low-lying areas and causing a power outage. More than 80 spots of flooding were reported in … from News – Insurance Journal https://ift.tt/37VtBl9

Arch Capital to Buy 29.5% Stake in French Credit Insurer Coface

Arch Capital Group Ltd. has entered into a share purchase agreement with Natixis regarding the acquisition of a 29.5% stake in Coface, a France-based trade credit insurer. The transaction will be completed at a price of €10.70 per share, corresponding … from News – Insurance Journal https://ift.tt/3c63lb7

Newfront in California Names Cannabis Specialist Word Head of Agribusiness

Newfront Insurance in San Francisco, Calif., has named Seth Word principal and head of agribusiness. At Newfront, he’ll oversee all aspects of cannabis as well as agriculture and horticulture coverage. Prior to joining Newfront, Word founded and lead Cultivate Insurance … from News – Insurance Journal https://ift.tt/2usoVFP

LP Insurance Services in Nevada Names Cushard Vice President

Reno, Nev.-based LP Insurance Services LLC has named Brian Cushard vice president of strategic growth. Cushard will concentrate on acquisitions, operational enhancements and growth throughout LP Insurance Services. He was with Woodruff Sawyer and Beecher Carlson in before joining LP … from News – Insurance Journal https://ift.tt/3a3dpj8

Buffett Warns of Corporate Directors Too Beholden to CEO

Warren Buffett on Saturday called on corporate America to make their boards of directors more accountable to shareholders and less beholden to chief executive officers, perhaps by reducing their pay and requiring that they buy more stock. In his annual … from News – Insurance Journal https://ift.tt/2uwjZjg

Report: Kentucky Highway Traffic Fatalities Increased in 2019

Highway traffic fatalities in Kentucky increased by 10 last year, according to a preliminary count. According to initial data, there were 734 fatalities in 2019, compared to 724 in 2018, the Kentucky Transportation Cabinet’s Office of Highway Safety said in … from News – Insurance Journal https://ift.tt/382Djm0

Florida Carriers Seek Staggering Rate Increases Amid Market Turmoil

It’s no surprise that Florida carriers are raising homeowners’ insurance rates given several years of catastrophes and losses from litigation related to assignment of benefits and water damage claims. What may be surprising for insureds, however, is how substantial the … from News – Insurance Journal https://ift.tt/2wLFu0b

300 Residents Evacuated, Dozens Treated After Pipe Rupture in Mississippi

Authorities say they’re testing the air quality after a pipe ruptured, prompting the evacuations of more than 300 residents and sending dozens of people to hospitals. The Mississippi Department of Emergency Management said 46 people were treated at area hospitals … from News – Insurance Journal https://ift.tt/2TbZa51