News Center
News – Insurance Journal
Next Funding Round for Next Insurance May Double Insurtech’s Valuation to $2.25 Billion
Next Insurance is in talks to raise new capital in a round that values the insurance technology startup at about $2.25 billion, according to people familiar with the matter. Alphabet Inc.’s CapitalG is in talks to lead the roughly $250 …
POSTED SEPTEMBER 20, 2020 6:00 PM |
Report Shows Steep Drop in California Workers’ Comp IMRs in 1st Half Year
The number of independent medical reviews used to resolve California workers’ compensation medical disputes fell sharply in the first half of 2020 as the pandemic took a toll on the state’s economy with statewide unemployment spiking to a record level …
POSTED SEPTEMBER 18, 2020 9:32 PM |
Arthur J. Gallagher & Co. Acquires Erin P. Collins & Associates in Arizona
Arthur J. Gallagher & Co. has acquired Kingman, Ariz.-based Erin P. Collins & Associates Inc. Erin Collins and his associates will continue to operate from their current locations under the direction of Scott Gregory, head of Gallagher’s Southwest region employee …
POSTED SEPTEMBER 18, 2020 5:53 PM |
Fire Weather May Improve for Pacific Northwest, No Such Luck for Tinderbox California
Rains may bring some reprieve to those suffering from massive blazes in the Pacific Northwest in the next few weeks, but forecasters don’t expect any help for wildfire-plagued California anytime soon. That’s according to briefing call on Friday morning held …
POSTED SEPTEMBER 18, 2020 4:50 PM |
Is It Covered? Frozen Pipes.
This “Is It Covered?” column will examine two real-life claims from the Dakotas involving frozen pipes – one personal lines and the other commercial lines. Both are good examples of how policy language usually governs, even if the result defies …
POSTED SEPTEMBER 18, 2020 4:46 PM |
Georgia Port Foreman: No Issues Before Cargo Ship Overturned
A foreman who oversees dock workers at Georgia’s busy shipping terminal for automobiles said Tuesday he saw no problems as hundreds of cars and trucks were loaded onto the cargo ship Golden Ray shortly before the vessel overturned after leaving …
POSTED SEPTEMBER 18, 2020 4:44 PM |
Great American, VGM Insurance Launch Golf & Country Club Program
Great American Insurance Group’s Alternative Markets Division has launched a new program for golf and country clubs across the United States in conjunction with VGM Insurance Services. The program based out of Waterloo, Iowa, was awarded to Great American effective …
POSTED SEPTEMBER 18, 2020 4:29 PM |
InsureTech Connect Delays Virtual Conference Until October for Networking Signups
Four days before it was scheduled to go live, organizers of the popular annual insurance and technology conference, InsureTech Connect, announced they are postponing the now virtual 2020 conference by one month, ITC will now run from Oct. 19- Oct. …
POSTED SEPTEMBER 18, 2020 2:30 PM |
Crew on Boat Where Fire Killed 34 in California Had No Emergency Training
Crew members on a dive boat say they were never instructed on emergency procedures before a predawn fire swept through the vessel as it was anchored off the Southern California coast, killing 34 people as they slept below deck, according …
POSTED SEPTEMBER 18, 2020 2:12 PM |
NFIP’s Flood Losses Expected to Be ‘Significant’ from Hurricane Sally: AM Best
Hurricane Sally is not expected to cause a major insurance loss – compared to events such as the ongoing wildfires in California, Oregon, and Washington, or Hurricane Laura, according to AM Best. As the storm was more of a flood …
POSTED SEPTEMBER 18, 2020 1:55 PM |
News – Claims Journal
Sri Lanka Names Captain of Oil Tanker a Suspect In Fire
COLOMBO, Sri Lanka — A Sri Lankan magistrate on Thursday ordered the captain of an oil tanker that caught fire off the country’s coast to appear in court as authorities seek $1.8 million from the ship’s owner for assistance provided …
POSTED SEPTEMBER 18, 2020 4:06 PM |
No Emergency Training for Crew on Boat Where Fire Killed 34
LOS ANGELES — Crew members on a dive boat say they were never instructed on emergency procedures before a predawn fire swept through the vessel as it was anchored off the Southern California coast, killing 34 people as they slept …
POSTED SEPTEMBER 18, 2020 4:01 PM |
Push by Feds to Investigate Violent Demonstrators Nets 300 Arrests So Far
WASHINGTON — In a private call with federal prosecutors across the country, Attorney General William Barr’s message was clear: aggressively go after demonstrators who cause violence. Barr pushed his U.S. attorneys to bring federal charges whenever they could, keeping a …
POSTED SEPTEMBER 18, 2020 3:55 PM |
Colorado Workers Protest Covid-19 Fine Issued to Meat Plant
DENVER — A union representing workers at a Colorado meatpacking plant where six workers died of COVID-19 and hundreds more were infected will stage a protest Wednesday, claiming that federal officials should have fined the company more for its alleged …
POSTED SEPTEMBER 18, 2020 3:43 PM |
More Than 20 Workers Hurt in Crane Accident In Austin, Texas
AUSTIN, Texas — Two cranes collided Wednesday at a construction site in Austin, Texas, causing one of them to partially collapse and injuring at least 22 workers who were sent scrambling for safety, authorities said. The cranes collided and got …
POSTED SEPTEMBER 18, 2020 3:36 PM |
5th Circuit Reasserts That Bad Faith Not Necessary to Win Interest Penalty Against Texas Insurers
A Houston plaintiff’s attorney defeated State Farm Lloyd’s for the fourth time on the same issue, this time coming away with a federal appellate court ruling that policyholders don’t have to prove that their insurer acted in bad faith in …
POSTED SEPTEMBER 18, 2020 5:00 AM |
Businesses Call On U.S. Insurers to Ditch Fossil Fuel Underwriting
A group of about 60 American businesses on Thursday urged their insurers to stop providing coverage to and investing in fossil fuel producers. In a letter, companies including outdoor-gear producer Patagonia and ice-cream maker Ben & Jerry’s, a unit of …
POSTED SEPTEMBER 18, 2020 5:00 AM |
NTSB Says Boeing 737 MAX Safety Upgrades Are ‘Positive Progress’
CHICAGO/SEATTLE/WASHINGTON — The U.S. air accident investigator said on Thursday that proposed safety upgrades in the Boeing Co 737 MAX jet were “positive progress” toward meeting cockpit and systems recommendations it made after faulting Boeing and the Federal Aviation Administration …
POSTED SEPTEMBER 18, 2020 5:00 AM |
Federal Appeals Court Questions Asian-American Bias Claims Against Harvard
BOSTON — A federal appeals court on Wednesday appeared skeptical of arguments that Harvard discriminates against Asian-American applicants, a claim made in a closely-watched lawsuit challenging the use of race as a factor in U.S. college admissions. Members of a …
POSTED SEPTEMBER 17, 2020 4:47 PM |
How a ‘Hillbilly Brigade’ Saved an Oregon Town From Raging Wildfires
MOLALLA, Ore. — Nicole West steered her bulldozer through the smoldering forest, pushing logs into the underbrush and away from the wildfires ripping through Oregon’s Cascade Mountains. Her border collie, Oink, rode shotgun as West and a volunteer crew raced …
POSTED SEPTEMBER 17, 2020 4:44 PM |
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