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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

Insurtech Lemonade Prepares to Unleash a Pet Insurance Product

Fri, 02/07/2020 - 15:31
Insurtech carrier Lemonade plans to debut pet insurance later this year. Lemonade says it hopes to launch the pet insurance product within a few months, pending regulatory approval. It has opened its site to early registrations. The digital insurer, which …

On-Demand Firms Seek to Protect ‘New’ Economy, Wealth From ‘Frankenstein’

Fri, 02/07/2020 - 14:55
Uber Technologies Inc. wants to smother what the company calls California’s “Frankenstein” gig-worker protection law before state officials turn it loose. Uber and Postmates Inc. are scheduled Friday to ask a federal judge in Los Angeles to block enforcement of …

Argo to Sell Trident Public Risk Solutions to Paragon MGA

Fri, 02/07/2020 - 14:18
Bermuda-based global specialty lines underwriter Argo Group International Holdings has agreed to sell its Trident Public Risk Solutions brand and underwriting platform to Paragon Insurance Holdings. Trident Public Risk Solutions provides insurance and risk management services for public sector entities …

Title Insurer Fidelity National to Acquire FGL Holdings

Fri, 02/07/2020 - 13:57
Fidelity National Financial Inc said on Friday it would acquire U.S. annuities and life insurance firm FGL Holdings Inc. in a deal valued at $2.7 billion, as it seeks to expand beyond its core title insurance business. Reuters reported on …

Canadian Privacy Official Seeks Court Ruling Against Facebook

Fri, 02/07/2020 - 13:47
Canada’s privacy commissioner asked a federal court to declare that Facebook had broken federal privacy law for the private sector, according to a notice of application filed on Thursday. The application also asked for an order requiring Facebook to “implement …

CBIZ Acquires Alliance Insurance Services of Washington D.C.

Fri, 02/07/2020 - 13:45
CBIZ Inc., a provider of financial, insurance and advisory services, has acquired substantially all of the assets of Alliance Insurance Services Inc. (AIS) of Washington, D.C., effective February 1, 2020. With roots dating back to 1986, AIS is an independent …

Brazil Gives Tobacco Firms Deadline for Replying to Smoking Damages Lawsuit

Fri, 02/07/2020 - 13:42
The world’s largest cigarette makers, British American Tobacco Plc and Philip Morris International, will have until early March to defend themselves in a lawsuit in Brazil over compensation for tobacco-related diseases. Since last year, the companies have refused to receive …

Hub International Limited Acquires Pennsylvania’s TRA Insurance Solutions

Fri, 02/07/2020 - 13:40
Hub International Limited (Hub), a global insurance brokerage, has acquired Triester, Rossman & Associates Inc. (TRA Insurance Solutions). Terms of the transaction were not disclosed. Located in King of Prussia, Penn., TRA Insurance Solutions is an independent insurance firm providing …

U.S. Permits Startup Nuro to Deploy Up to 5,000 Driverless Delivery Vehicles

Fri, 02/07/2020 - 13:35
In a first-of-its-kind approval by U.S. regulators, a federal agency on Thursday gave permission for autonomous vehicle startup Nuro Inc. over the next two years to deploy up to 5,000 low-speed electric delivery vehicles without human controls like mirrors and …

Student Sues Virginia Military Institute Over Alleged Hazing

Fri, 02/07/2020 - 13:26
A former Virginia Military Institute student is suing the school, alleging he was waterboarded, assaulted and forced to wrestle another student while partially clothed. The lawsuit says the incident prompted the student to withdraw from the school. The man is …

Canada Orders Speed Limits on Trains After Canadian Pacific Railway Fire

Fri, 02/07/2020 - 13:21
OTTAWA/WINNIPEG, Manitoba – Canada said on Thursday it would impose temporary speed limits on trains hauling dangerous goods after a Canadian Pacific Railway Ltd. crude oil train derailed and caught fire. The accident, which happened in the early hours of …

Workplace-Related Deaths on the Rise in Connecticut

Fri, 02/07/2020 - 13:12
The number work-related deaths in Connecticut in 2018 was the highest it’s been since 2010, according to the state Department of Labor. The agency said 48 people lost their lives to work-related injuries in 2018, the latest year for which …

Illinois’ Alera Group Names Santelli VP, Carrier Partner Management

Fri, 02/07/2020 - 07:05
Deerfield, Illinois-based Alera Group appointed Tina Santelli as vice president, Carrier Partner Management for Alera Group Employee Benefits nationally. Santelli will be responsible for leading key top-tier partnerships at Alera Group, strategically developing relationships with preferred carriers. She will be …

Arkansas Restaurant to Pay $300K to Settle Federal Sex Harassment Lawsuit

Fri, 02/07/2020 - 07:00
Pei Wei Asian Diner LLC, doing business as Pei Wei Fresh Kitchen in Little Rock, Arkansas, will pay $300,000 to former employees as part of a settlement of a sexual harassment and constructive discharge lawsuit. The U.S. Equal Employment Opportunity …

Michigan Launching Program to Educate Drivers About Auto Insurance Changes

Fri, 02/07/2020 - 06:40
Michigan’s top insurance regulator said the state is committed to helping drivers navigate a new law that will let motorists save money by foregoing unlimited medical coverage for crash injuries. The state Department of Insurance and Financial Services created a …

Daughter of Duck Boat Victim Slams Missouri Tort Reform Bill

Fri, 02/07/2020 - 06:00
Speaking before a Missouri legislative panel, a woman whose father was among the 17 people who died after a tourist duck boat sank in a Missouri lake condemned a bill that would limit when companies can be sued over products …

Wine ‘Smoke Taint’ Disputes Linger 2 Years After California Wildfires

Fri, 02/07/2020 - 06:00
Recent wildfires in California Wine Country, particularly those that devastated parts of Napa and Sonoma counties in October 2017, have focused attention on whether insurance covers smoke taint damage to grapes and wine. Many wineries and grape growers have notified …

California Jury Awards Ex-One America News Network Employee $290K

Fri, 02/07/2020 - 06:00
An African-American man fired from his TV talk show producer job at One America News Network was not harassed on the basis of racial prejudice, but was fired in part because he lodged his complaint, a California jury found. The …

Jury Orders J&J to Pay $750 Million in Baby Powder Cancer Trial

Fri, 02/07/2020 - 06:00
Johnson & Johnson was ordered on Thursday by a New Jersey state jury to pay punitive damages of $750 million to four plaintiffs who allege that the company’s Baby Powder caused their cancer, a ruling that will be reduced to …

Florida Business Owner Accused of Evading $200K in Workers’ Comp Premium

Fri, 02/07/2020 - 05:22
A Florida business owner is accused of evading paying nearly $200,000 in workers’ compensation insurance premiums over the course of a year, according to a statement from the Florida Department of Financial Services. Chief Financial Officer (CFO) Jimmy Patronis announced …


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