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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 14 hours ago

What is Known, Unknown About Lung Illnesses Linked to Vaping

Fri, 10/11/2019 - 17:12
Government public health officials are continuing to advise people to stop e-cigarette or vaping products, especially with THC, the main psychoactive ingredient in marijuana. The Centers for Disease Control and Prevention (CDC) and the Food and Drug Administration (FDA) issued …

Supreme Court’s High-Profile Cases in Its New Term

Mon, 10/07/2019 - 13:24
The biggest cases before the Supreme Court are often the last ones to be decided, and the focus on the court will be especially intense in June, just a few months before the 2020 election. A look at some of …

Recent Fatal Crashes Involving Vintage Aircraft

Mon, 10/07/2019 - 00:48
Last Wednesday’s crash of a World War II B-17 bomber in Connecticut was the latest in a long list of fatal crashes involving vintage planes used or designed for military purposes. Some other recent fatal crashes in the U.S. and …

Cavignac & Associates in California Adds Sousa to Construction Practice

Tue, 10/01/2019 - 20:53
San Diego, Calif.-based Cavignac & Associates has named Jacquelyn Sousa an account manager for the agency’s construction practice. Sousa’s scope of responsibilities includes evaluating and addressing client risks, marketing and negotiating with insurers, preparing and presenting proposals, managing claims and …

Allianz Emerges as Frontrunner to Invest in Bancassurance Unit of Spanish Lender BBVA

Tue, 10/01/2019 - 16:56
German insurer Allianz has emerged as the frontrunner to invest in the bancassurance business of Spanish lender BBVA, two sources close to the deal told Reuters, after Italian rival Generali pulled out of the race. The deal is worth more …

Report: Kentucky Coal Miner Crushed by 2,000-Pound Rock

Tue, 10/01/2019 - 16:55
A federal report says failure to control parts of a Kentucky coal mine led to the death of a miner crushed by a 2,000-pound piece of rock and coal. A U.S. Mine Safety and Health Administration report says 48-year-old Felix …

American Family Insurance Closes Acquisition of Wisconsin’s Ameriprise Auto & Home

Tue, 10/01/2019 - 16:49
American Family Insurance Mutual Holding Co. (American Family Insurance) has completed its purchase of Wisconsin-based property/casualty insurer, Ameriprise Auto & Home (AAH). American Family Insurance is based in Madison, Wisconsin; Ameriprise Auto & Home, the brand name for IDS Property …

Euclid Insurance Services Taps CNA’s Elliott to Lead New Life Sciences Division

Tue, 10/01/2019 - 16:47
Euclid Insurance Services, Inc. has formed Euclid Life Science Specialty, LLC (Euclid Life Science), a product and professional liability insurance underwriting platform providing tailored casualty coverage products to the life sciences industry. Ryann Elliott has joined Euclid Life Science Specialty …

Hughes Promoted to Transportation Technician at J.M. Wilson in Michigan

Tue, 10/01/2019 - 16:40
Managing general agency and surplus lines broker J.M. Wilson has promoted Brianne Hughes to transportation technician in its Portage, Michigan, office. As a transportation technician, she will process commercial transportation policies and endorsements, assist J.M. Wilson underwriters, and serve independent …

Madden Joins Alliant’s Southeast P&C Team in Atlanta

Tue, 10/01/2019 - 16:39
Alliant Insurance Services has added Atlanta-based Allen Madden to its Southeast property and casualty team as vice president. Madden will provide integrated risk and insurance products to clients throughout the region. Madden joins Alliant with more than two decades of …

Texas Insurer Trade Group, Industry Partners Donating Alarms to Local Fire Departments

Tue, 10/01/2019 - 16:37
The Insurance Council of Texas (ICT), along with insurance industry partners First Alert, Travelers Insurance, State Farm Insurance, Hochheim Prairie and the Association of Fire & Casualty Companies in Texas, will donate over 2,500 smoke alarms to 36 Texas fire …

Nebraska Woman Convicted of $246K Insurance Fraud

Tue, 10/01/2019 - 16:28
A Kearney, Nebraska, woman has been convicted of submitting a fraudulent insurance claim of nearly $246,000. Hall County District Court records say a jury found 49-year-old Debra Shriner guilty of the fraud and of misdemeanor false reporting. Her attorney, James …

Louisiana Hospital Owners, Operators to Settle Whistleblower Case for $530K

Tue, 10/01/2019 - 16:25
A whistleblower claim brought a $530,000 settlement from a Louisiana hospital. A news release from U.S. Attorney David Joseph says the claim targeted owners and operators of University Health Hospital in Shreveport. The statement says Biomedical Research Foundation of Northwest …

Imelda-Impacted Texans Still Don’t Know if They Qualify for FEMA Aid

Tue, 10/01/2019 - 16:22
Two state officials are optimistic that southeast Texans whose homes were flooded by Tropical Storm Imelda will qualify for federal aid. And since it could be weeks before the destruction is fully inventoried, many leaders continue urging residents to report …

Cyber-Attacks Named as Top Business Risk in U.S., Canada and Europe, by WEF Survey

Tue, 10/01/2019 - 15:55
Cyber-attacks are named as the leading risk for business executives in the United States, Canada and Europe, according to a survey of business leaders published by the World Economic Forum, in partnership with Zurich Insurance Group and Marsh & McLennan …

Alaska City Officials Might Prevent Pot Companies from Opening

Tue, 10/01/2019 - 14:58
Alaska city officials have sponsored protests that could stop two cannabis companies from opening despite having approved licenses. KYUK-AM reported that the state Marijuana Control Board recently approved licenses for two marijuana stores, but Bethel City Council has delayed the …

Tornado, Hail, Snow Sweep Through California

Tue, 10/01/2019 - 14:57
The National Weather Service confirmed that a tornado touched down in a California field as thunderstorms swept through the central part of the state. Cellphone video posted online shows the towering vortex spinning Saturday near Davis. NWS forecaster Emily Heller …

New York Could Add Menthol to Flavor Ban as Vaping Groups Sue

Tue, 10/01/2019 - 13:57
New York officials want to add menthol to the state’s first-in-the-nation ban on the sale of flavored e-cigarettes as the vaping industry seeks to block it, according to the governor’s office. Democratic Governor Andrew Cuomo said he’s directing his administration …

New York Files Suit Against Dunkin’ Donuts Over Security Breaches

Tue, 10/01/2019 - 13:47
Dunkin’ Donuts violated state law by not notifying almost 20,000 customers, including more than 2,000 in New York, about cyberattacks on their accounts in 2015 and inadequately warning more than 300,000 customers in 2018 about another attack, the New York …

World Insurance Associates Acquires Pennsylvania’s KPB Insurance Services

Tue, 10/01/2019 - 13:40
World Insurance Associates LLC (WIA) has acquired KPB Insurance Services Inc. of Warminster, Penn., on September 1, 2019. Terms of the transaction were not disclosed. Founded in 1982, KPB Insurance Services provides insurance and financial solutions to individuals, families and …

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