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News – Insurance Journal

Arizona Becomes 48th State with Cellphone-Driving Law
Arizona ended a decade of resistance to restrictions on using a cellphone while driving when Gov. Doug Ducey signed a law this week outlawing holding a phone behind the wheel. It is now the 48th state to ban texting and …

POSTED APRIL 25, 2019 2:04 PM
Bayer Seeks Dismissal of $78M Roundup Glyphosate Verdict or New Trial
Bayer AG on Wednesday asked a California appellate court to throw out a $78 million judgment it was ordered to pay to a school groundskeeper who claimed the company’s weed killers gave him cancer. In a filing in California’s Court …

POSTED APRIL 25, 2019 1:14 PM
Direct-to-Consumer Auto Insurers Grabbing Market Share
Direct-to-consumer auto insurers appear to be gaining serious market traction, according to a report from J.D. Power. The firm reports that auto insurance revenue hit $245 billion in 2018, reflecting industrywide growth of 6.2 percent. But 54 percent of those …

POSTED APRIL 25, 2019 1:03 PM
Upstate New York Prepares as Lake Ontario Water Rises Again
Emergency officials in upstate New York are again preparing for possible flooding along Lake Ontario. Niagara County’s director of emergency services, Jonathan Schultz, says lake levels have risen about five inches in 10 days. Recent heavy rains, seasonal thaw and …

POSTED APRIL 25, 2019 12:57 PM
Indictment Alleges Ex-CEO Ignored Red Flags as Opioid Crisis Raged
The pharmaceutical industry executive hit Tuesday with criminal charges stemming from the opioid crisis doesn’t have his name on a museum wing, and his company isn’t within earshot of Apple or anyone else on the Fortune 500. Even his $1.5 …

POSTED APRIL 25, 2019 12:54 PM
NTSB Cites Poor Planning for Toy Run Crash That Killed Two in Maine
The National Transportation Safety Board faults law enforcement planning in a report on a double fatal crash during the United Bikers of Maine Toy Run in September 2017. The report, released Tuesday, said an unsafe maneuver by a motorcycle rider …

POSTED APRIL 25, 2019 12:43 PM
Board Faults Utility’s Equipment in Fatal 2016 Explosion in Maryland
A gas company’s faulty equipment is the most likely cause of an explosion at a suburban Maryland apartment complex that killed seven people in 2016, according to federal report issued Tuesday. The explosion and fire at the Flower Branch apartments …

POSTED APRIL 25, 2019 12:39 PM
W.R. Berkley Q1 Results Show Rate Increases Working
W.R. Berkley Corp. enjoyed solid premium growth in the 2019 first quarter and its reinsurance arm booked encouraging results, with the carrier crediting “further rate improvement” for the positive trend. The insurer said its rate increases appear to be outpacing …

POSTED APRIL 25, 2019 12:11 PM
Cyclone Kenneth Grows Stronger as It Barrels Towards Mozambique
Tropical Cyclone Kenneth continued to grow stronger as it swirled toward the coast of Mozambique, where Anadarko Petroleum Corp. has halted all flights to and from its liquefied natural gas site. Mozambican authorities declared a “red alert” in Cabo Delgado …

POSTED APRIL 25, 2019 11:35 AM
China’s Swine Virus Epidemic Should Be a Global Concern: Opinion
It’s a familiar and ominous story. A deadly pathogen with no known cure begins spreading in China. Rather than acknowledge the problem, officials throughout the Chinese government shut down media coverage, while underreporting infection and mortality rates for fear of …

POSTED APRIL 25, 2019 11:13 AM

News – Claims Journal

FBI Reports Cybercrime Losses Nearly Doubled in 2018
The amount of reported losses from cyber crime nearly doubled in 2018 to $2.7 billion, with almost half of that from business email schemes that targeted wire transfer payments, according the FBI’s 2019 Internet Crime Report. The report, prepared by …

POSTED APRIL 25, 2019 5:00 AM
Puerto Rico Oversight Board Loses Bid to Extend Claims Filing Deadline
A U.S. judge on Wednesday denied a request by Puerto Rico’s federally created financial oversight board to extend a looming deadline to file claims, the latest hurdle for its plan to recoup billions of dollars paid to bondholders of potentially …

POSTED APRIL 25, 2019 5:00 AM
Scaffolding Firm Says Workers Smoked at Notre Dame, Despite Ban
PARIS — A scaffolding firm that has worked on the roof of Notre Dame said some of its workers had smoked on the site, but ruled out that a cigarette butt might have started the fire that destroyed the cathedral’s …

POSTED APRIL 25, 2019 5:00 AM
Popular Heart Drugs Tainted by Carcinogens Face Wave of Lawsuits
Dozens of lawsuits have been filed against drug makers and sellers over widely prescribed generic heart medications tainted with potential carcinogens, the first claims in what some lawyers expect to be a wave of litigation. Millions of Americans have taken …

POSTED APRIL 24, 2019 4:35 PM
Explosions Threatening Lithium-Ion’s Edge in a Battery Race
Another lithium-ion battery has exploded, this time at an energy-storage complex in the U.S. At least 21 fires had already occurred at battery projects in South Korea, according to BloombergNEF. But this latest one, erupting on Friday at a facility …

POSTED APRIL 24, 2019 4:28 PM
Customers Videotaped at Spa in Kraft Case Sue Florida Authorities
FORT LAUDERDALE, Fla. — Nearly three dozen men and women have filed a federal class-action lawsuit accusing Florida authorities of unlawfully videotaping them as they received legal massages at a parlor where New England Patriots owner Robert Kraft and others …

POSTED APRIL 24, 2019 4:21 PM
California May Boost Rules for Homes at High Wildfire Risk
SACRAMENTO, Calif. — Years of increasingly deadly California wildfires spurred lawmakers to consider regulations Tuesday that would toughen local governments’ requirements for approving housing developments in high-risk areas. A state Senate committee voted 8-3 Monday to advance a measure requiring …

POSTED APRIL 24, 2019 4:12 PM
Fatal Plane Crash in Southern California Prison Yard Kills One
NORCO, Calif. — A one-of-its-kind flying wing aircraft crashed and burst into flames in the exercise yard of a Southern California prison on Monday, killing at least one person, authorities said. The Northrop N-9M crashed around midday “under unknown circumstance” …

POSTED APRIL 24, 2019 3:51 PM
Sources: Boeing Sees FAA Approving Software Fix in May, MAX Ungrounding in July
Boeing Co has told some 737 MAX owners it is targeting U.S. Federal Aviation Administration approval of its software fix as early as the third week of May and the ungrounding of the aircraft around mid-July, two sources told Reuters. …

POSTED APRIL 24, 2019 5:00 AM
U.S. Brings First Criminal Case Against Major Drug Distributor Over Opioids
NEW YORK — The U.S. government on Tuesday filed its first criminal charges against a major drug distributor and company executives over their alleged roles in fueling the nation’s opioid epidemic by putting profits ahead of patients’ safety. Rochester Drug …

POSTED APRIL 24, 2019 5:00 AM

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