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News – Insurance Journal

10 People at Clark Atlanta University Treated After Chemical Spill in Science Building
At least 10 people had to be decontaminated after a worker at a university in Atlanta spilled a chemical, creating a white cloud inside a science building. News outlets report everyone was evacuated Friday from the building at Clark Atlanta …

POSTED JUNE 24, 2019 4:58 PM
Arkansas River Too High, Fast to Assess Little Rock-Area Flood Damage
The Arkansas River remains too high and fast to assess flood damage in the Little Rock area, officials say. The U.S. Army Corps of Engineers said the removal of silt and the restoration of the channel for barge traffic are …

POSTED JUNE 24, 2019 4:43 PM
Louisiana Couple Pleads Guilty in $48M Medical Reimbursement Scam
A Louisiana couple has pleaded guilty in a $48 million scheme that targeted a medical reimbursement program, federal prosecutors said on June 21. The U.S. Justice Department, New Orleans-based U.S. Attorney Peter Strasser and other officials outlined the case in …

POSTED JUNE 24, 2019 4:40 PM
Doctors in Missouri Reluctant to Certify Patients for Medical Marijuana
Missourians looking for physicians to certify them to buy medical marijuana when it becomes available next year are running into resistance from doctors who are reluctant to prescribe the substance. Instead, would-be users are turning to pop-up and specialty clinics …

POSTED JUNE 24, 2019 4:39 PM
2 More Workers Indicted in Missouri Duck Boat Sinking That Killed 17
A federal grand jury has indicted two more employees of a company that owns a duck boat that sank on a Missouri lake last summer, killing 17 people. Curtis Lanham, the general manager at Ride the Ducks Branson, and Charles …

POSTED JUNE 24, 2019 4:38 PM
Universal Property & Casualty Expanding Into Wisconsin
Universal Insurance Holdings Inc. subsidiary, Universal Property & Casualty Insurance Co. (Universal Property), has received a Certificate of Authority in to operate as a licensed insurance entity in Wisconsin. Universal Insurance Holdings (UVE) is a holding company offering property/casualty insurance …

POSTED JUNE 24, 2019 4:34 PM
Texas Windstorm Insurer Funded at $4.2 Billion for 2019 Hurricane Season
Texas’ insurer of last resort for properties in counties along the state’s coastline says it has $4.2 billion in available funds as this year’s hurricane season gets underway. By comparison, at the start of the hurricane season in 2017 the …

POSTED JUNE 24, 2019 4:33 PM
MGM Resorts Sues Zurich American Insurance for Las Vegas Shooting Defense Costs
More than 4,000 people are seeking damages from MGM Resorts International related to the Las Vegas Strip mass shooting that left 58 people dead, the casino giant said in a lawsuit alleging its insurance company has failed to pay promised …

POSTED JUNE 24, 2019 3:27 PM
Technology Expected to Aid Drivers in Arizona Dust Storms
With Arizona’s monsoon season quickly approaching, state transportation planners plan to begin installing a new dust-detection system on Interstate 10. The Arizona Department of Transportation recorded 85 dust-related crashes along the busy freeway from Phoenix to Tucson from 2010 to …

POSTED JUNE 24, 2019 3:16 PM
Idaho Crop Insurance Company Will Pay $3.48M in Lawsuit
A crop insurance company has agreed to pay a southwestern Idaho farming family $3.48 million following a lawsuit. The Idaho Statesman reported that the Farm Bureau Mutual Insurance Company of Idaho agreed to pay Nate and Kristin Pancheri for damage …

POSTED JUNE 24, 2019 3:14 PM

News – Claims Journal

Arizona Fire Highlights Hazards for Energy Storage
PHOENIX — Arizona’s largest electric company installed massive batteries near neighborhoods with a large number of solar panels, hoping to capture some of the energy from the afternoon sun to use after dark. Arizona Public Service has been an early …

POSTED JUNE 24, 2019 4:26 PM
US Appeals Court Says Judge Went Too Far on Drug Data Order
CINCINNATI — A federal appeals court ruled Thursday that a judge went too far in blocking release of federal data about how prescription opioids were distributed. A 6th U.S. Circuit Court of Appeals three-judge panel on Thursday vacated an order …

POSTED JUNE 24, 2019 4:17 PM
Unit at Philadelphia Refinery Completely Destroyed in Fire
The alkylation unit involved in a massive fire on Friday at Philadelphia Energy Solutions Inc’s oil refinery has been completely destroyed, which will hamper the supply of gasoline from the U.S. East Coast’s largest refinery, sources familiar with the matter …

POSTED JUNE 24, 2019 4:08 PM
Farm Deluge Starts to Seep Into America’s Fragile Rural Economy
From 100 feet up in the air, Indiana crop duster Robert Sneberger gets a better view than most of how cornfields are faring. This season, the picture is bleak. Instead of the stretching green stalks he normally sees at this …

POSTED JUNE 24, 2019 3:57 PM
Billions at Stake in Opioid Suits, But It’s No Tobacco Windfall
An Oklahoma case, the first of more than 1,600 lawsuits filed by U.S. state and local governments against opioid makers to go to trial, could serve as a key benchmark for governments hoping to recoup costs associated with the public …

POSTED JUNE 24, 2019 3:49 PM
Facebook Must Face Lawsuit Over 29 Million-User
Facebook Inc. failed to fend off a lawsuit over a data breach that affected nearly 30 million users, one of several privacy snafus that have put the company under siege. The company’s disclosure in September that hackers exploited several software …

POSTED JUNE 24, 2019 3:17 PM
Cyber Insurers Need Loss Data to Properly Underwrite Risks
While there are “huge opportunities” on the horizon for the cyber insurance industry, cyber insurance underwriters still face the challenge of not having enough historical data to work with. “It’s really scary to underwrite something when you just don’t know …

POSTED JUNE 24, 2019 5:00 AM
Data Ownership Question Impedes Insurance Tech-topia
Insurers need to learn to share their data if they want to take full advantage of the mountain of information generated from connected devices, insurtech executives say. Along the way, somebody’s got to figure out who owns the data. Presentations …

POSTED JUNE 24, 2019 5:00 AM
If PG&E Wants Newsom’s Fire Aid, Here’s What It Has to Do
It’s no secret that California Governor Gavin Newsom wants to create a fund that the state’s electric utilities can tap to cover the costs of catastrophic wildfires. Now, the utilities know what he wants in return. Based on a proposal …

POSTED JUNE 24, 2019 5:00 AM
Armada of Barges Cleared for Mississippi River Shipments After Floods
CHICAGO — The upper Mississippi River reopened to barge traffic on Friday as vessels were cleared to ship through St. Louis harbor, the U.S. Coast Guard said, and the situation quickly became a logistics nightmare as dozens of towboats and …

POSTED JUNE 21, 2019 4:19 PM

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