News Center
News – Insurance Journal
Congressional Action Plan on Climate Change Applauded by Zurich, IBHS
A Congressional action plan for a clean energy economy is garnering a bit of praise from a few important names in the insurance industry. The House of Representatives in 2019 established the House Select Committee on the Climate Crisis to …
POSTED JULY 02, 2020 8:51 PM |
LP Insurance Services Acquires Meridian Insurance Services in Nevada
LP Insurance Services LLC has acquired Meridian Insurance Services in Nevada. As a result of the acquisition, Karen Wagner, former head of sales and service operations for Meridian, has been named the executive vice president of the Southwest Region of …
POSTED JULY 02, 2020 5:29 PM |
New Florida Laws Address Climate Issues, Require Sea Level Study for Construction
Republican Florida Ron DeSantis signed a slew of environmental bills in less than 24 hours that address issues ranging from sea level rise to blue-green algae blooms – and even given the state authority to use drones to fight invasive …
POSTED JULY 02, 2020 4:59 PM |
Another One Down: Austin City Limits Music Fest Canceled Amid Virus Surge
Austin City Limits has joined the ranks of major music festivals to be canceled because of the coronavirus. Festival organizers said in a statement on July 1 that scrapping the three-day October event was “the only responsible solution.” The announcement …
POSTED JULY 02, 2020 4:54 PM |
Midwest Business Leaders: Area’s Economy Improving with Reopening
Business leaders say the economy has begun to recover as businesses reopened in the past month in nine Midwest and Plains states, but it remains weaker than before the coronavirus outbreak began, according to a monthly survey released on July …
POSTED JULY 02, 2020 4:36 PM |
Texas Independent Agents Name Stoffle Account Manager of the Year
The Independent Insurance Agents of Texas (IIAT) has named Karla Stoffle of Upshaw Insurance in Amarillo as Account Manager of the Year. The Account Manager of the Year award is given annually to an account manager in Texas who exemplifies …
POSTED JULY 02, 2020 4:34 PM |
New Indiana State Law Bans Use of Handheld Phone While Driving
Using a handheld cellphone while driving is now illegal on Indiana roads under a new state law that took effect this week. The move aimed at combating distracted driving went onto the books on July 1 after being approved by …
POSTED JULY 02, 2020 4:32 PM |
Texas Work Comp Division: Healthcare Providers Indicted for Drug Distribution, Fraud
Three Texas healthcare providers will face trial for conspiracy to distribute controlled substances and mail fraud, according to the Texas Department of Insurance – Division of Workers’ Compensation. On June 17, 2020, a federal grand jury returned indictments against Arlington-based …
POSTED JULY 02, 2020 4:31 PM |
U.S. Supreme Court to Consider Child Slavery Appeals by Nestle, Cargill
The U.S. Supreme Court will decide whether American corporations can be sued for alleged human rights abuses occurring abroad under a 1789 law, agreeing on Thursday to hear appeals by two companies – Cargill Inc and a Nestle SA subsidiary …
POSTED JULY 02, 2020 3:09 PM |
Insurer Group Warns About California Bill Mandating Business Interruption Coverage
The American Property Casualty Insurance Association is opposing legislation that would create a rebuttable presumption that the COVID-19 virus caused property damage triggering business interruption coverage in commercial liability policies. The just amended Assembly Bill 1552 would retroactively rewrite business …
POSTED JULY 02, 2020 2:53 PM |
News – Claims Journal
PG&E Exits Bankruptcy After Wildfires Pushed It to Brink of Ruin
Nearly a year and a half after collapsing under $30 billion in liabilities from wildfires sparked by its equipment, PG&E Corp. has emerged from the biggest utility bankruptcy in U.S. history. The California power giant said in a statement Wednesday …
POSTED JULY 02, 2020 4:37 PM |
Gun Demand Is Off the Charts in America
U.S. consumers are rushing to buy guns as the Covid-19 pandemic and protests over police brutality combine with U.S. presidential politics to fuel unprecedented demand. Firearm background checks compiled by the Federal Bureau of Investigation, a proxy for gun purchases, …
POSTED JULY 02, 2020 4:24 PM |
Novartis Settles U.S. Fraud Lawsuit Over Sham Speaker Programs
NEW YORK — Novartis AG agreed to pay $678 million to settle a civil fraud lawsuit brought by the U.S. government accusing the Swiss drugmaker of paying millions of dollars in kickbacks to doctors to induce them to prescribe its …
POSTED JULY 02, 2020 4:14 PM |
Former Indivior CEO Pleads Guilty in U.S. in Opioid Addiction Treatment Probe
Shaun Thaxter, the former chief executive of drugmaker Indivior Plc, pleaded guilty on Tuesday to a criminal charge arising out of a U.S. Justice Department investigation into the marketing of its opioid addiction treatment Suboxone. Thaxter pleaded guilty in federal …
POSTED JULY 02, 2020 4:08 PM |
Nornickel Draws Up Permafrost Monitoring Plan After Arctic Fuel Spill
MOSCOW, July 2 — Russia’s Norilsk Nickel , a major global nickel and palladium producer, has prepared a long-term program to monitor permafrost and remedy environmental damage after an Arctic fuel spill in its home city, it said on Thursday. …
POSTED JULY 02, 2020 3:54 PM |
Weinstein Reaches Tentative $19M Deal With Accusers
NEW YORK — Harvey Weinstein and his former studio’s board have reached a nearly $19 million settlement with dozens of his sexual misconduct accusers, New York state’s attorney general and lawyers in a class-action lawsuit said Tuesday. The agreement was …
POSTED JULY 02, 2020 3:32 PM |
Portland’s Downtown Police Precinct Boarded Up
PORTLAND, Ore. — Workers have installed plywood over windows and washed off graffiti near the entrance to the downtown Portland police headquarters after police say windows were smashed and plywood was removed from doors. The vandalism happened after the Multnomah …
POSTED JULY 02, 2020 3:24 PM |
Business News: Hi Marley, Cambridge Mobile Telematics, Triple-I and The Institutes
Hi Marley Raises $8M in Funding Round Hi Marley, a chatbot designed for the insurance industry, announced that it raised $8 million from investors, bringing total financing for the company to $18.6 million. The Boston based insurtech said the new …
POSTED JULY 02, 2020 5:00 AM |
Claims People: SCA, AqualisBraemar and Munich Re
SCA Appraisal Appoints Director and Managers SCA Appraisal has created a new Customer Success division and appointed Monica Diaz as its senior director. SCA, based in Burbank, California, appointed Lucano Figueroa to lead the division’s Financial Services/Government Group, Yesenia Barreto …
POSTED JULY 02, 2020 5:00 AM |
Wirecard Exposes Big 4 Accounting Lapses Endure Post-Enron
Two decades of financial disasters from Enron Inc.’s collapse in 2001 to Wirecard AG’s meltdown have left the Big Four accounting firms facing a major cultural problem that regulators may struggle to resolve. The 1.9 billion euros ($2.1 billion) missing …
POSTED JULY 01, 2020 4:54 PM |
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