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Insurance Journal

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Insurance Journal delivers the latest business news for the Property/Casualty insurance industry
Updated: 1 day 19 hours ago

Iowa Safety Agency Fines Animal Food Operation $74K

Tue, 03/31/2020 - 16:51
Iowa’s workplace safety agency wants to fine an eastern Iowa animal food operation for workplace safety violations, saying it has exposed employees to risks that include long falls. The Occupational Safety and Health Administration wants to impose fines of more …

Texas’ Insurance Agency Higginbotham Buys Delivery Meals for Service Workers

Tue, 03/31/2020 - 16:50
Fort Worth, Texas-headquartered insurance and financial services firm, Higginbotham, is purchasing meals from local eateries that have temporarily reduced their operations to take-out and delivery due to COVID-19 mandates. The food deliveries go to those organizations working for the well-being …

Texas Mutual Donating $2M in Grants to Nonprofits Providing COVID-19 Relief

Tue, 03/31/2020 - 16:49
Workers’ compensation insurer, Texas Mutual Insurance Co., is donating $2 million in grant funding for nonprofit organizations across the state that are vital to COVID-19 relief and recovery. The grants will go to 40 nonprofit organizations, including Meals on Wheels, …

Ohio Insurance Department Extends Licensing, Continuing Education Expiration Dates

Tue, 03/31/2020 - 16:47
The Ohio Department of Insurance announced the extension of license renewal dates during the state of emergency declared by Gov. Mike DeWine in response to the COVID-19 pandemic. The department said if a license expires during the state of emergency, …

Texas Insurance Regulators Expediting Review of COVID-19 Coverage Filings

Tue, 03/31/2020 - 16:38
The Texas Department of Insurance (TDI) said it is expediting approvals for property/casualty filings that provide additional coverage or relief to policyholders during the COVID-19 outbreak. Recent filings related to COVID-19 include: Some auto insurers filed to remove delivery exclusions …

North Dakota Insurance Commissioner Issues Guidelines in Response to COVID-19 Pandemic

Tue, 03/31/2020 - 16:32
North Dakota Insurance Commissioner Jon Godfread has issued a number of bulletins offering guidance to the insurance industry in response to executive orders made by Gov. Doug Burgum, and in the interest of protecting North Dakotans during the COVID-19 (coronavirus) …

P/C Insurance Industry Backs New Government Fund to Help Businesses, Workers Hurt by Coronavirus Shutdowns

Tue, 03/31/2020 - 15:19
The property/casualty insurance industry has joined a broad business coalition in supporting and crafting a new federal relief fund for businesses and workers affected by the quarantine and stay-at-home measures necessitated by the coronavirus crisis. The new relief vehicle, the …

New Hampshire Fire Destroys Several Apartment Buildings, Displaces 12 Families

Tue, 03/31/2020 - 14:35
A fire in New Hampshire destroyed several apartment buildings Friday and displaced 12 families. Manchester fire officials say that two multi-level apartment buildings were complete losses, WMUR-TV reported. Several surrounding buildings and several cars were damaged as well. The fire …

Coronavirus Pandemic Reveals the Science of Risk That Shapes Our Lives

Tue, 03/31/2020 - 14:05
Hours after the results of a risk model reached the public, U.K. Prime Minister Boris Johnson and U.S. President Donald Trump asked nearly 400 million people to upend their lives. A group of epidemiologists at Imperial College London published the …

Experts Count 100-Plus Aftershocks Since Nevada Quake

Tue, 03/31/2020 - 14:05
More than 100 small aftershocks were recorded since a 4.5 magnitude earthquake shook near Carson City on Friday, causing minor damages across the city, experts said. The largest recorded aftershock was a magnitude 3.2 temblor on Saturday, which could be …

10 Nursing Homes in Colorado Have COVID-19 Outbreaks

Tue, 03/31/2020 - 14:03
The Colorado Department of Health has released the names and locations of nine of the 10 nursing homes and long-term care facilities that are facing outbreaks of COVID-19 in response to a public records request filed by The Denver Post. …

Lawsuit Alleges Bullet at New Mexico School Harmed Student

Tue, 03/31/2020 - 14:01
The family of a boy is suing a police officer who mistakenly fired his weapon inside a southern New Mexico middle school and nearly hit the student. The family recently filed a lawsuit in U.S. District Court against officer Francisco …

Maryland’s RCM&D Hires Kahn as Commercial Division Director

Tue, 03/31/2020 - 13:52
RCM&D, an independent risk management, insurance and employee benefits firm, has hired Matthew Kahn as the new Commercial Division director. Kahn will be working alongside current Commercial Division Director Bill Kable to lead the firm’s largest operating division, representing thousands …

Rumbull Named Head of Willis Re Specialty in North America

Tue, 03/31/2020 - 13:14
Charles Rumball, currently executive vice president of Willis Re’s Specialty Reinsurance Division in Bermuda, is relocating to New York to assume the new role of head of Specialty for North America for Willis Re. Rumball brings considerable experience to his …

Massachusetts Joins Ohio, N.J. in Proposing COVID-19 Business Interruption Bill

Tue, 03/31/2020 - 13:08
Massachusetts is one of the latest states to propose legislation that would mandate insurers cover COVID-19 related business interruption claims despite virus exclusions in many policies. This comes as Insurance Journal reported legislators in New Jersey and Ohio have floated …

Coronavirus Infections on Rise in Already-Strained Urban Police Departments

Tue, 03/31/2020 - 13:05
When nine police officers showed up to make an arrest near Melrose Avenue in the Bronx last Wednesday, none wore a mask or gloves to protect them from coronavirus. Similar scenes play out all over the city daily: officers making …

Insurance Claims for February’s Australian ‘East Coast Low’ Estimated at A$794M

Tue, 03/31/2020 - 12:10
Initial insured property claims estimate for the Australian east coast low event, which hit the Australian east coast states of New South Wales and Queensland between Feb. 5-13, 2020, is estimated at A$794 million (US$488.3 million), according to PERILS, the …

SCOR-Backed Channel Syndicate Taps Coulson from Lancashire as Senior Underwriter

Tue, 03/31/2020 - 10:41
Channel Syndicate, which is backed by reinsurer SCOR, has appointed Caroline Coulson as a senior underwriter on the political and credit risks team within SCOR Specialty Insurance, effective immediately. Coulson started on March 23 and will report to Kade Spears, …

Legacy Specialist Catalina Holdings Completes Purchase of Asia Capital Reinsurance

Tue, 03/31/2020 - 10:15
Catalina Holdings (Bermuda) Ltd., the legacy re/insurance acquisition specialist, announced it has completed the acquisition of Asia Capital Reinsurance Group Pte. Ltd. (ACR), a Singapore-headquartered reinsurance business. Following regulatory approval from the Monetary Authority of Singapore and Bank Negara Malaysia, …

New Argo Group CEO Rehnberg Aims for Transparency and Straight Shooting

Tue, 03/31/2020 - 09:22
Argo Group had been under fire for months over allegations that its board spent excessively on executive compensation when Kevin Rehnberg became interim CEO in November 2019. Three months later, Rehnberg was named as its full-time leader. Less than a …

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