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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 6 hours ago

Mississippi Governor Says Reopening Plan has ‘Freedom with Risk’

Fri, 05/29/2020 - 07:38
Mississippi Gov. Tate Reeves said Wednesday that he will allow all types of businesses to reopen Monday but they must follow safety guidelines to try to minimize spread of the new coronavirus. “This does not mean the threat is gone,” …

Survey: Florida Residents More Concerned for Hurricane Season Amid Pandemic

Fri, 05/29/2020 - 07:06
As Florida gets ready to officially start hurricane season, a new survey shows a majority of residents are more concerned for this year’s potential storms than in previous years, given the simultaneous continuing issues related to the COVID-19 pandemic. According …

Texas Windstorm Insurer Outlines Funding for 2020 Hurricane Season

Fri, 05/29/2020 - 05:44
The board of directors of Texas’ property insurer of last resort for wind and hail in the state’s coastal counties in February set a goal of $4.2 billion in catastrophe funding for 2020. At a meeting of the Texas Windstorm …

2 Companies Fined $1M Each Over Kansas Chemical Leak

Fri, 05/29/2020 - 05:30
Two companies that caused a chlorine gas leak over Atchison, Kansas, in 2106 have each been fined $1 million for violating federal clean air laws. Harcros Chemicals Inc., and MGP Ingredients Inc., had pleaded guilty to negligently violating the Clean …

WSS Hires Easley as Sr. Broker/Underwriter in Texas

Fri, 05/29/2020 - 05:20
WSS, a member of XPT Group, a specialty insurance distribution company, has added Meghan Easley as senior broker/underwriter in its Plano, Texas, office. Easley brings 15 years of industry experience, most recently in underwriting and brokerage business. She has extensive …

South Dakota Property Owners Sue Over Recently Exposed Mine, Sinkhole

Fri, 05/29/2020 - 05:18
Residents of a Black Hawk, South Dakota, neighborhood where a sinkhole has exposed an abandoned mine endangering their properties have filed a $75.5 million lawsuit claiming government entities and private developers were negligent. Attorney John Fitzgerald is representing more than …

Governor Orders Probe of Failed Michigan Dams

Fri, 05/29/2020 - 05:00
Gov. Gretchen Whitmer has ordered an investigation to determine what caused two dams in central Michigan to fail, leading to devastating floods in several communities and forcing about 11,000 people to evacuate their homes. Whitmer ordered the Michigan Department of …

University in Utah, Parents Didn’t Settle Lawsuit Over Slain Student

Fri, 05/29/2020 - 05:00
The University of Utah did not reach a settlement after two of mediation with the parents of slain track star Lauren McCluskey who filed a $56 million lawsuit over her death in 2018. The McCluskeys’ attorney Jim McConkie described the …

Trump’s Targeting of Social Media Immunity Is ‘Political Theater,’ Claim Legal Experts

Fri, 05/29/2020 - 05:00
President Donald Trump’s attempt to curb what he says is social media censorship is a political gambit and will not change the legal obligations of companies like Twitter Inc. and Facebook Inc., according to legal experts. An executive order signed …

Tyson Foods to Close Iowa Meat Plant as More Workers Catch COVID-19

Fri, 05/29/2020 - 01:22
Tyson Foods Inc. said on Thursday it will temporarily close an Iowa pork plant due to the coronavirus pandemic, a month after U.S. President Donald Trump ordered slaughterhouses to stay open to protect the country’s food supply. Meat processors like …

Cannabis Broker Spotlight: Bozzuto with Cannabis Connect is an Outspoken Advocate for the Business

Thu, 05/28/2020 - 23:29
Editor’s note: This is the first in a series of profiles on cannabis brokers, in which Insurance Journal explores why and how these folks got into the business, the ups and downs of insuring cannabis, as well as a few …

PG&E Nears End of Bankruptcy Amid Persisting Safety Worries

Thu, 05/28/2020 - 18:24
Pacific Gas & Electric limped into bankruptcy vilified for its long-running neglect of a crumbling electrical grid that ignited a succession of horrific Northern California wildfires. After nearly a year-and-a-half of wrangling during one of the most complex bankruptcy cases …

AAIS, Berkley Re Solutions Launch Cyber Protection Product for Families

Thu, 05/28/2020 - 16:59
AAIS (the American Association of Insurance Services) and Berkley Re Solutions, a Berkley Company (BRS), have launched Family Cyber Protection Solution, a new product designed to protect consumers as cyber threats and crimes continue to increase. The Family Cyber Protection …

Kentucky Nursing Home Evacuated After Coronavirus Outbreak

Thu, 05/28/2020 - 16:53
An outbreak of coronavirus cases at a Kentucky nursing home forced the evacuation of dozens of residents to hospitals, state officials said Tuesday. Thirty-nine residents and 20 staff members at Nazareth Clifton in Louisville tested positive for the virus last …

OSHA Cites, Fines Texas Chemical Plant Owner $514.6K After Explosions, Fire

Thu, 05/28/2020 - 16:50
A chemical manufacturer has been cited by federal officials for workplace safety hazards and fined more than $500,000 after a fire and explosions at its Port Neches, Texas, plant in November 2019. The U.S. Department of Labor’s Occupational Safety and …

Heavy Rains Cause Flooded Streets in South Florida

Thu, 05/28/2020 - 16:47
South Florida streets flooded Tuesday following several days of heavy rains and thunderstorms. The National Weather Service in Miami issued flash flood warnings in parts of Miami-Dade and Broward counties that were set to last into the night. Tuesday morning …

Tornadoes Rake Parts of Iowa in 2 Days of Severe Weather

Thu, 05/28/2020 - 16:24
At least four tornadoes raked parts of Iowa on May 26, the National Weather Service confirmed, to give the state a second day of severe weather. All of the tornadoes appeared to be weak and in mostly uninhabited areas that …

Missouri’s Skyline Risk Management Joins Midwest Insurance Agency Alliance

Thu, 05/28/2020 - 16:20
Midwest Insurance Agency Alliance, Inc. (MIAA), a network of independent insurance agencies across seven states, has added Skyline Risk Management of Independence, Missouri, as a member of the agency group. Skyline Risk Management was founded by President Daniel Cooper and …

Business Owner at Missouri’s Lake of the Ozarks Defends Weekend Actions

Thu, 05/28/2020 - 16:16
The owner of a business that hosted crowded pool parties over the Memorial Day weekend at Missouri’s Lake of the Ozarks says no laws were broken and safety measures were in place to protect against the spread of the coronavirus. …

Moore Named President of Austin Association of Insurance Professionals

Thu, 05/28/2020 - 16:11
Robby Moore, with PLUS Inc. in Austin, Texas, has been installed as president of the Austin Association of Insurance Professionals for 2020/21. The 2020/21 officers and directors for AAIP were installed in virtual ceremony on May 19. In addition, the …

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