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News – Insurance Journal

Hub Acquires Assets of California-Based Blair Jarcik Insurance Agency
Hub International Ltd. has acquired the assets of Novato, Calif.-based Blair Jarcik Insurance Agency Inc. Blair Jarcik, president of Blair Jarcik Insurance Agency, will join Hub California and report to Bryan Costello, San Francisco bay area regional leader. Terms of …

POSTED DECEMBER 05, 2019 11:13 PM
Report Calls Out Dangers of Cannabis Branding Practices
Accurate and honest cannabis branding should be the next best step for the budding industry if it wishes to stave off false advertising and product liability lawsuits, according to the one of the authors of a new report on the …

POSTED DECEMBER 05, 2019 9:12 PM
Australia’s Bushfires Push Choking Haze over Sydney
Sydney is world famous for its shimmering harbor and clear blue skies. Not this summer. As bushfires ravage the country’s east coast, pollution is becoming a regular occurrence in Australia’s biggest city — triggering health warnings and intensifying the debate …

POSTED DECEMBER 05, 2019 7:53 PM
Study: California Self-Insured Employers Save Over Traditional Workers’ Comp
A new study on California workers’ compensation shows the cost of self-insurance is 14% to 28% less than a traditional workers’ comp policy. It should be noted that the study was commissioned by the California Self-Insurer’s Security Fund, and it …

POSTED DECEMBER 05, 2019 6:21 PM
Cybersecurity Provider Coronet, Coalition Partner on Small Business Cyber Product
Small business cybersecurity provider Coronet has partnered with Coalition, a cyber insurance provider for small and midsized businesses, to offer cyber insurance to Coronet customers. The partnership combines Coronet’s data breach protection platform with cyber insurance coverage up to $500,000. …

POSTED DECEMBER 05, 2019 5:59 PM
California Commissioner Calls for Statewide Non-Renewal Moratorium, More Measures to Protect Wildfire Victims
California Insurance Commissioner Ricardo Lara on Thursday issued a mandatory one-year moratorium on insurance companies non-renewing policyholders, a move he says will help at least 800,000 homes in wildfire disaster areas in Northern and Southern California. The commissioner’s action is …

POSTED DECEMBER 05, 2019 5:59 PM
Companies Face Class Action Suit Over Sugar Field Burns Plaguing Poor Florida Towns
For residents of the Glades, a string of poor, predominantly African American rural towns dotting the southern shore of Florida’s Lake Okeechobee, the beginning of the annual sugar cane harvest in October means the arrival of “black snow.” “You’d hate …

POSTED DECEMBER 05, 2019 5:52 PM
Mississippi Real Estate Firm Sued by 9 HOAs Over Missing Funds
A ninth homeowner’s association is suing a Mississippi real estate company over missing funds. The Clarion Ledger reports the lawsuits filed against Ridgway Lane & Associates allege the company stole more than $1.6 million from Jackson-area HOA bank accounts. The …

POSTED DECEMBER 05, 2019 5:42 PM
SLTX: Texas’ E&S Premium Amount Reaches Record High in November
The Surplus Lines Stamping Office of Texas (SLTX) says it recorded $513.68 million in Texas excess and surplus lines insurance premium in November 2019. This total continues the year’s trend of each month in 2019 setting record highs for that …

POSTED DECEMBER 05, 2019 5:14 PM
Texas Chemical Plant Shut by Explosions, Fire to Be Rebuilt, Company Says
Petrochemical maker TPC Group Inc will rebuild the Texas plant shut last week by devastating explosions that ignited fires that burned for six days, a spokeswoman said on Dec. 4. The last fire at the Port Neches plant was extinguished …

POSTED DECEMBER 05, 2019 4:38 PM

News – Claims Journal

$12.7M Dam Project Aimed at Protecting New Mexico Village
In one southern New Mexico village, it’s like clockwork — the summer rains come and the floodwaters follow. Federal officials say storm runoff regularly causes significant damage to residential, commercial and agricultural areas in and around the village of Hatch, …

POSTED DECEMBER 05, 2019 5:42 PM
Feds Sue Arkansas Insurer Over Fired Employee Who Had A Baby
LITTLE ROCK, Ark. — The federal government is suing a Little Rock-based insurance company over the firing of a worker who had just had a baby. The U.S. Equal Employment Opportunity Commission filed the lawsuit Wednesday in Little Rock against …

POSTED DECEMBER 05, 2019 5:35 PM
Buffalo Bishop Resigns Under Fire for Handling of Misconduct
NEW YORK — Bishop Richard Malone of Buffalo resigned Wednesday, forced to step aside amid mounting calls for his ouster from his staff, priests and public over his handling of allegations of clergy sexual misconduct. The Vatican said Pope Francis …

POSTED DECEMBER 05, 2019 5:23 PM
TPC to Rebuild Texas Chemical Plant Shut by Explosions, Fire
Petrochemical maker TPC Group Inc will rebuild the Texas plant shut last week by devastating explosions that ignited fires that burned for six days, a spokeswoman said on Wednesday. The last fire at the Port Neches plant was extinguished late …

POSTED DECEMBER 05, 2019 5:11 PM
Growing Group Seeks Local Takeover of PG&E
More than 110 Northern California city and county officials representing the majority of bankrupt PG&E Corp.’s customers are proposing to turn the utility giant into a customer-owned cooperative. The coalition led by the city of San Jose includes officials from …

POSTED DECEMBER 05, 2019 5:05 PM
U.S. Sanctions Russian Group ‘Evil Corp’ Over $100 Million Hack
The U.S. Treasury Department said it would sanction a Russian group known as “Evil Corp” and its leaders for cyber-thefts at hundreds of financial institutions around the world that total more than $100 million. The targets include the group’s leader, …

POSTED DECEMBER 05, 2019 4:43 PM
The Struggle to Sell a $225,000 Pile of Junk at Art Basel Miami
The artist Portia Munson is known for her very bright, very chaotic, more-is-more artworks filled with “ephemera,” which is often a polite way of saying “junk.” Her 1996 piece The Garden, a meditation on feminism and climate change, comprises more …

POSTED DECEMBER 05, 2019 4:35 PM
9th Circuit Finds Carrier Not Liable to Defend in Sexual Abuse Case
A federal appellate court reversed a ruling that would have forced a homeowner’s insurer to pay up to $300,000 in damages to a woman who had been sexually abused by its policyholder, despite exclusions in the policy for intentional acts. …

POSTED DECEMBER 05, 2019 6:00 AM
PG&E Is Near $13.5 Billion Deal With Wildfire Victims
PG&E Corp. is close to finalizing terms for a $13.5 billion payout to victims of wildfires ignited by its power lines, a key step toward resolving the biggest utility bankruptcy in U.S. history, according to people familiar with the matter. …

POSTED DECEMBER 04, 2019 6:30 PM
Surge of New Abuse Claims Threatens Church Like Never Before
NEW YORK — At the end of another long day trying to sign up new clients accusing the Roman Catholic Church of sexual abuse, lawyer Adam Slater gazes out the window of his high-rise Manhattan office at one of the …

POSTED DECEMBER 04, 2019 6:12 PM

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