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Insurance Journal

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Insurance Journal delivers the latest business news for the Property/Casualty insurance industry
Updated: 12 min 39 sec ago

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

Wed, 02/26/2020 - 11:48
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 …

Insurance Office of America Appoints Tresidder as Director of Surety

Wed, 02/26/2020 - 11:46
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 …

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

Wed, 02/26/2020 - 11:43
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 …

Markets Are Overreacting to Threat of Coronavirus: Allianz CEO Baete

Wed, 02/26/2020 - 10:23
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 …

QIC Global Names van der Straaten as Chief Executive Officer

Wed, 02/26/2020 - 10:07
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 …

Zurich Insurance Partners with Cyber-Security Specialist CYE

Wed, 02/26/2020 - 09:23
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 …

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

Wed, 02/26/2020 - 08:31
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 …

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

Wed, 02/26/2020 - 08:03
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 …

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

Wed, 02/26/2020 - 07:12
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 …

Distinguished Programs Adds Schmitt as Sales Executive for Oklahoma, Texas

Wed, 02/26/2020 - 06:40
Distinguished Programs, a national insurance program manager, has hired Erick Schmitt as 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 Distinguished Programs. …

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

Wed, 02/26/2020 - 06:17
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 …

Grange Insurance’s Hammonds Adds Community Relations to AVP Role

Wed, 02/26/2020 - 06:09
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 …

NFP Names Ongkiko Managing Director of Utah Office

Wed, 02/26/2020 - 06:00
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 …

Insurance Coverage for Losses Stemming from the Coronavirus

Wed, 02/26/2020 - 06:00
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 …

Cooper & McCloskey Opens New California Office, Moves Yap to Larger Role

Wed, 02/26/2020 - 06:00
Cooper & McCloskey Inc. Insurance Brokers has opened a new office in Walnut Creek, Calif., and has moved Jessi Yap into a full-time post in that office. Yap rejoined the firm in October on a limited bases, but has increased …

Georgia Senate Approves Easing Restrictions for Home Builds Below Dams

Wed, 02/26/2020 - 05:14
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 …

AssuredPartners Acquires Superior Benefits of Florida

Wed, 02/26/2020 - 05:07
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 …

West Virginia to Receive More Funds for 2016 Flood Recovery

Wed, 02/26/2020 - 05:05
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 …

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

Wed, 02/26/2020 - 01:56
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 …

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

Wed, 02/26/2020 - 00:10
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 …

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