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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 15 hours ago

Coronavirus Epidemic Could Infect Two-Thirds of World’s Population: WHO Scientist

Fri, 02/14/2020 - 07:15
As the number of coronavirus cases jumps dramatically in China, a top infectious-disease scientist warns that things could get far worse: Two-thirds of the world’s population could catch it. So says Ira Longini, an adviser to the World Health Organization …

Australia’s Central Bank Chief Warns of Economic, Financial Effects of Climate Change

Fri, 02/14/2020 - 07:15
Australia’s central bank chief Philip Lowe warned of wide-ranging economic and financial impacts from climate change, after his drought-stricken nation suffered some of its worst wildfires ever. Speaking on a panel with his Canadian counterpart, Lowe pointed out that drought …

AAA Carolinas Merges with The Auto Club Group

Fri, 02/14/2020 - 06:53
The Auto Club Group (ACG) and AAA Carolinas have merged and combined operations, it was announced last month. With North and South Carolina part of The Auto Club Group family, the company now serves more than 13.5 million members and …

Missouri’s Valley Insurance Agency Alliance Promotes Qaoud

Fri, 02/14/2020 - 06:52
Valley Insurance Agency Alliance (VIAA), based in St. Louis, Missouri, has promoted Robert Qaoud to director of Performance His responsibilities include providing resources to member agencies, integrating new members into the alliance, and maintaining relationships with strategic partner carriers and …

Texas’ Watkins Insurance Group Names New Shareholders: Siddons, Scott

Fri, 02/14/2020 - 06:48
Austin, Texas-based Watkins Insurance Group has expanded its executive team with the addition of Jim Siddons and Chris Scott as new shareholders. These appointments increase Watkins Insurance Group executive team to 11. Siddons joined the insurance agency in 2014 and …

Parts of Alabama Face Millions of Gallons of Sewage Overflow After Storms

Fri, 02/14/2020 - 06:41
Days of rain have left parts of Alabama awash in millions of gallons of dingy water that overflowed from sanitary sewer systems. On Wednesday, reports submitted to the Alabama Department of Environmental Management showed that more than 18.5 million gallons …

Kentucky Inches Closer to Legalizing Medical Marijuana

Fri, 02/14/2020 - 06:37
After years of setbacks, medical marijuana advocates in Kentucky gained momentum Wednesday when a House committee overwhelmingly approved a bill to legalize medical cannabis. The House Judiciary Committee advanced the measure on a 17-1 vote. The bill moves to the …

Idaho Falls Agent Pleads Guilty to Insurance Fraud

Fri, 02/14/2020 - 06:00
Idaho insurance agent Misty A. Adams was taken into custody this week after being sentenced for insurance fraud. A licensed insurance producer from Idaho Falls, Adams, 45, reportedly backdated her son’s auto insurance policy after he was involved in a …

Distinguished Programs Promotes Madsen to Pacific Northwest Sales Executive

Fri, 02/14/2020 - 06:00
Distinguished Programs has promoted Jack Madsen to the role of regional sales executive. In his new role, Madsen will consult with retail agents and brokers across all of Distinguished Programs’ insurance products and services, covering the Pacific Northwest, including Nevada, …

Alliant Names USI’s Parvey Vice President in Oregon

Fri, 02/14/2020 - 06:00
Alliant Insurance Services Inc. has named Casey Parvey vice president. The Portland, Ore.-based Parvey will provide risk and insurance solutions to a client base throughout the region. Parvey has a background in workers’ compensation, property, liability and other lines of …

Report: 2019 Was 7th Year in Last Decade with 10 or More Disasters of $1B-Plus

Wed, 02/12/2020 - 19:12
Last year was a particularly hazardous one, with natural catastrophes causing excessive damages in what appears to be an ongoing trend of higher losses in the past decade, while also posing a danger in many U.S. communities to home ownership, …

Facebook, Twitter, Other Internet Firms to Be Responsible for Harmful Content Under UK Plan

Wed, 02/12/2020 - 19:00
Britain said it would force social media companies such as Facebook, Twitter and Snap to do more to block or remove harmful content on their platforms. Following a consultation, the UK government said on Wednesday it planned to legislate to …

‘Numbers Guy’ Zaffino Expected to Succeed Duperreault as AIG CEO…Eventually

Wed, 02/12/2020 - 18:00
Peter Zaffino sat at 2 World Trade Center poring over financial reports on the morning of Sept. 11, 2001, when the first plane struck a neighboring building. Zaffino, known by colleagues for his laser-like focus, remained at his desk as …

Louisiana Small Business Protection Act now in Effect

Wed, 02/12/2020 - 17:50
Louisiana’s Small Business Protection Act (SBPA), passed in the 2019 Legislative Session and effective as of Feb. 1, aims to help make small business owners aware of proposed regulations that could negatively impact their business entities, according to Secretary of …

Missouri Officer Told to ‘Tone Down’ Gayness Settles Lawsuit for $10.25M

Wed, 02/12/2020 - 17:18
Missouri’s St. Louis County has agreed to a $10.25 million settlement with a gay police lieutenant who says he was passed over for promotion 23 times and was told to “tone down” his “gayness.” The agreement with Keith Wildhaber was …

Arthur J. Gallagher & Co. Acquires Illinois’ Affiliated Benefit Consultants

Wed, 02/12/2020 - 17:07
Arthur J. Gallagher & Co. has acquired Oakbrook, Illinois-based Affiliated Benefit Consultants Inc. Terms of the transaction were not disclosed. Founded in 1986, Affiliated Benefit Consultants offers a full suite of benefits consulting services to clients throughout the United States. …

Families of 2 Killed in Louisiana Barge Crash Sue Vessel Owners

Wed, 02/12/2020 - 17:05
Families of two crew members killed in a barge collision on the Mississippi River have filed a wrongful death lawsuit against the boats’ owners, saying the vessels weren’t seaworthy and the crash could have been avoided. Matthew Brigalia and Shawn …

Man Pleads Guilty to Burning African American Churches in Louisiana

Wed, 02/12/2020 - 17:05
The aspiring ‘black metal’ musician who was arrested in a series of fires set at African American churches in Louisiana last spring pleaded guilty to federal and state criminal charges. The U.S. Attorney’s Office said in a news release that …

Sentenced for Crop Insurance Fraud, Kansas Farmer Must Repay $604K

Wed, 02/12/2020 - 17:04
A Kansas farmer has been sentenced to 2.5 years in prison for federal crop insurance fraud and bankruptcy fraud. Kevin Struss, 63, of Wakeeney, was also ordered to pay $604,303 in restitution. Struss pleaded guilty in October 2019 to defrauding …

Safety Probe Finds Tesla Driver Killed in Crash Reported Prior Autopilot Problems

Wed, 02/12/2020 - 15:15
A Tesla driver killed in a March 2018 crash in California while using the Autopilot driver-assistance system had reported that on prior trips, the car had steered away from the highway, the National Transportation Safety Board (NTSB) disclosed in documents …

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