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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 16 hours ago

Axa Confirms Agreement to Sell Poland, Czech Republic and Slovakia Units to Uniqua

Mon, 02/10/2020 - 13:24
Axa has confirmed earlier reporting that it has agreed to sell its its operations in Poland, Czech Republic and Slovakia to Austria’s Uniqua Insurance Group. Axa will sell 100% of its life and savings, property/casualty and pension businesses in Central …

Virginia Tech Student Sues After Hazing Suspension

Mon, 02/10/2020 - 11:00
A former Virginia Tech student is suing the university after he was accused of overseeing a ceremony that violated the school’s hazing policy. Darrien Brown alleges the university denied him due process when administrators suspended him for two semesters for …

Delaware Companies Save More Than $4M from Reduced Workers’ Comp Rates

Mon, 02/10/2020 - 11:00
The Delaware Department of Insurance has analyzed new filings from the state’s top writers of workers’ compensation insurance after announcing the third consecutive year of decreased rates in November. The top writers represent nearly 10,000 companies that hold policies within …

Conservators Work on Items Damaged in Manhattan’s Chinatown Museum Fire

Mon, 02/10/2020 - 11:00
A volunteer team of conservators is working to salvage some of the 85,000 artifacts feared lost in a fire in the heart of Manhattan’s Chinatown. About a third of the collection belonging to the Museum of Chinese in America has …

22 Kids Sent to Hospital After 2 School Buses Crash in Georgia

Mon, 02/10/2020 - 06:46
A crash between two school buses in east Georgia sent 22 students to a hospital to be checked Thursday morning, school officials said. Further details on their conditions weren’t immediately known. Social Circle City Schools told news outlets the two …

Marsh & Mclennan Appoints Krause as CEO of Southeast Region

Mon, 02/10/2020 - 06:38
Marsh & McLennan Agency LLC (MMA), the middle market subsidiary of Marsh, has appointed Peter Krause as Southeast Regional CEO, effective immediately. In this role, Krause will oversee MMA’s offices in Georgia, Alabama, Tennessee, Kentucky, and Tallahassee, Florida. He reports …

Motel 6 to Pay 2,000 Guests Whose Names It Gave to Immigration Officials

Mon, 02/10/2020 - 06:00
Almost 2,000 guests of Blackstone Group Inc.’s Motel 6 are poised for cash payouts in a settlement with the hotel chain for sharing their names with federal immigration agents. Lawyers on both sides of the case urged a federal judge …

Grenfell Tower Fire Inquiry Chief Seeks Immunity for Corporate Witnesses

Mon, 02/10/2020 - 06:00
The chairman of the inquiry into a London apartment building fire that killed 72 people wrote Britain’s attorney general Thursday to ask for a pledge to prevent evidence provided by corporate witnesses from being used in subsequent criminal prosecutions. Martin …

California State University to Pay $240K to Settle Pro-Life Lawsuit

Mon, 02/10/2020 - 06:00
The California State University system and Cal State San Marcos agreed to pay $240,000 to settle a lawsuit challenging their refusal to use student fees to fund a pro-life speaker on campus, according to a newspaper report Wednesday. University officials …

LP Insurance Services Adds Ramatici in Nevada

Mon, 02/10/2020 - 06:00
Reno, Nev.-based LP Insurance Services LLC has named Jake Ramatici to its northern Nevada team. His role is as a commercial insurance sales executive. Ramatici was most recently the West Coast regional sales manager with the Peppermill Resort. LP Insurance …

Georgia Senate Takes Hands-Off Approach to Regulating Electric Scooters

Fri, 02/07/2020 - 17:58
The Georgia Senate on Tuesday passed a bill that could lead the state to taking a hands-off approach to the regulation of electric scooters. Senate Bill 159 would define electric scooters in state law but do nothing else, leaving regulation …

Kansas AG: Insurance Agent Sentenced to 30 Months Probation for Fraud

Fri, 02/07/2020 - 17:53
A Smith Center, Kansas, insurance agent has been convicted of insurance fraud and related charges, and ordered to serve 36 months of probation, the Kansas Attorney General’s office reported. Trisha A. Wiehl, 40, was found guilty in Smith County District …

Feds Halt North Carolina Pharmacy From Dispensing Opioids, Issue $600K Fine

Fri, 02/07/2020 - 17:50
A North Carolina pharmacy and its owner have to pay a $600,000 civil penalty and stop dispensing opioids or other controlled substances, federal prosecutors said. Farmville Discount Drug Inc., and its owner and pharmacist-in-charge, Robert L. Crocker were accused of …

AM Best Assigns A- Financial Strength Rating to Oklahoma’s Trisura Insurance

Fri, 02/07/2020 - 17:33
AM Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of “a-” to Trisura Insurance Co. (TIC), based in Oklahoma City. The outlook assigned to these ratings is stable. The ratings reflect TIC’s …

Winter Storm in Deep South Brings Snow, Floods, 1 Death

Fri, 02/07/2020 - 17:25
A powerful winter storm raked across the Deep South early Thursday, with high winds and flooding causing damage that killed one person, injured several others and littered at least 10 states. Rescue crews repeatedly pulled people from flooded cars, and …

1 Injured, Cars Damaged in Scaffold Collapse at New Orleans Four Seasons Site

Fri, 02/07/2020 - 16:47
A section of scaffolding at the Four Seasons Hotel construction site in New Orleans collapsed onto at least a dozen cars on Feb. 5, leaving one person injured, as thunderstorms and high winds moved through the area. The scaffolding was …

Prudential in Talks to Fully Control China Venture; Weighs Sale of U.S. Business

Fri, 02/07/2020 - 16:06
Prudential is in talks that could lead to it taking full control of its 50:50 joint venture with China’s CITIC and is considering selling some or all of its U.S. business to sharpen its focus on Asia, a source told …

Coronavirus Hits Trade Fairs, Industry Conferences

Fri, 02/07/2020 - 16:00
Feb 7 (Reuters) – Over two dozen large trade fairs and industry conferences in China and overseas have been postponed or hit by travel curbs and concerns about the spread of a coronavirus, potentially disrupting billions of dollars worth of …

United Valley in California Names Aguirre Member Services Director

Fri, 02/07/2020 - 15:51
United Valley Insurance Services Inc. has named Monika Aguirre member services director. Her expanded responsibilities include overseeing all departments providing services to United Valley members. Aguirre joined United Valley in 2018 as a Member Relationship Manager. United Valley is a …

Female Firefighter in Oregon Files Gender Discrimination Lawsuit

Fri, 02/07/2020 - 15:48
A woman who fought fires for Atira Systems GST of Oregon is suing for gender discrimination, saying she was forced to share a hotel room with male colleagues, according to court documents. Michelle LaPage, who is identified in the documents …

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