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News – Insurance Journal

Trump Says U.S. Has Plan to Contain Coronavirus
President Donald Trump said on Wednesday that the United States has a plan in place to contain the coronavirus outbreak. Speaking on the sidelines of the World Economic Forum (WEF) annual meeting in Davos, Switzerland, Trump said: “We do have …

POSTED JANUARY 22, 2020 3:03 PM
Marsh Sees Hike in Demand for Political Violence Insurance in Gulf After Tanker Attacks
Marsh, one of the world’s largest insurance brokers and risk advisers, has seen a spike in clients’ inquiries for political violence cover in the Gulf after attacks on tankers and oil installations rattled the region last year, an executive said. …

POSTED JANUARY 22, 2020 2:53 PM
Ransomware Exposure Driving Up Cyber Insurance Costs
U.S. insurers are ramping up cyber-insurance rates by as much as 25% and trying to curb exposure to vulnerable customers after a surge of costly claims, industry sources said. The changes follow a challenging year of hackers using malicious programs, …

POSTED JANUARY 22, 2020 2:31 PM
Philadelphia Teachers Union Suing District Over Asbestos in Schools
The union representing public school teachers in Philadelphia is suing the district over its handling of asbestos contamination in schools, the union said Monday. The Philadelphia Federation of Teachers suit comes after the city school district was forced to close …

POSTED JANUARY 22, 2020 2:28 PM
PMA Companies Names Consiglio as Vice President of Northeast Region
PMA Companies has named Jeanne Consiglio as vice president of the Northeast region. In her new role, Consiglio will be responsible for leading the company’s strategic growth objectives in Connecticut, the New York City metropolitan area, Massachusetts, Rhode Island, Vermont …

POSTED JANUARY 22, 2020 2:23 PM
Massachusetts’ Sayata Labs Hires King Flynn as Head of Insurance
King Flynn has joined Sayata Labs, a Boston, Mass.-based, Axa-backed insurtech startup, as head of Insurance. Sayata helps insurance carriers and brokers accelerate their mid-market cyber business while simultaneously providing insureds with knowledge about their cyber posture so they can …

POSTED JANUARY 22, 2020 2:15 PM
Pennsylvania Insurance Commissioner Appointed as NAIC Committee Chair
Pennsylvania Insurance Commissioner Jessica Altman has been selected for the second consecutive year to serve as chair of the Health Insurance and Managed Care Committee of the National Association of Insurance Commissioners (NAIC), the organization reported in announcing its leadership …

POSTED JANUARY 22, 2020 2:07 PM
Natural Disasters in Past Decade Broke Records for Economic, Insured Losses: Aon
The past decade broke new records in terms of economic damages and insured losses, according to Aon’s latest catastrophe report. The costs to global economies reached US$2.98 trillion between 2010 and 2019, which was US$1.19 trillion higher than 2000-2009, said …

POSTED JANUARY 22, 2020 1:56 PM
Pandemic Fears Grow as China Steps Up Efforts to Control New Flu-Like Coronavirus
Deaths from China’s new flu-like virus rose to nine on Wednesday with more than 470 confirmed cases, heightening global fears of contagion from an infection suspected to have come from animals. The previously unknown and contagious coronavirus strain emerged from …

POSTED JANUARY 22, 2020 12:55 PM
Former Iowa Agent Sentenced to Federal Prison for Fraud
A Muscatine, Iowa, insurance agent has been sentenced to 18 months in federal prison for wire and mail fraud. Federal prosecutors for Iowa said that Ashley Erin Murphy Schneider, 37, was sentenced Thursday in Davenport’s federal courthouse after pleading guilty …

POSTED JANUARY 22, 2020 6:42 AM

News – Claims Journal

Business News: RiskStream, Sedgwick, Clara Analytics
RiskStream Launches Innovation Lab The RiskStream Collaborative, a consortium of insurers that making a joint investment in blockchain technology, has created a new entity that will work with insurers, non-insurance organizations and governmental agencies that are looking to explore targeted …

POSTED JANUARY 22, 2020 6:00 PM
Family Sues Hawaii School Over 5-Year-Old Boy’s Death While Kayaking
HONOLULU — The family of a 5-year-old boy who died on a kayaking excursion filed a lawsuit against the school that conducted the trip. The family of Alaric Chiu filed the lawsuit Thursday against Mid-Pacific Institute citing reckless behavior and …

POSTED JANUARY 22, 2020 6:00 PM
Duck Boat Owner Settles Final Lawsuit Over 2018 Missouri Accident That Took 17 Lives
The owner of a tourist duck boat that sank in a Missouri lake, killing 17 people, has settled its final pending lawsuit for an undisclosed amount. Thirty-one lawsuits have been filed against Ripley Entertainment since the former World War II …

POSTED JANUARY 22, 2020 2:00 PM
Labor Wants to Derail Cut in Train Crews from 2 to 1 Due to Brake Technology
OMAHA, Neb. — How many people does it take to operate a locomotive? For the railroad industry, the answer is simple: One. The industry is hoping this year’s scheduled completion of an automatic railroad braking system will bolster its argument …

POSTED JANUARY 22, 2020 2:00 PM
IPO-Hopeful Airbnb’s New Governance Strategy Stresses Guest Safety, Accountability
Airbnb Inc. is laying the groundwork for a public market debut later this year, announcing a new corporate governance strategy that values safety, sustainability, diversity and accountability. The home-share startup has said it will track guest safety incidents, verify all …

POSTED JANUARY 22, 2020 2:00 PM
Top 10 ‘Judicial Hellholes’ for 2020 Named by Tort Reform Group
It’s out: the annual report by tort reform advocates of what they say are the nation’s worst local courts and states that are abusing the civil justice system. The report also warns of state courts that did not make the …

POSTED JANUARY 22, 2020 2:00 PM
Judge Cuts Johnson & Johnson Damages from $8 Billion to $6.8 Million in Risperdal Case
A Pennsylvania judge on Friday slashed to $6.8 million from $8 billion a punitive damages award against Johnson & Johnson to a man who said it failed to warn that boys using its antipsychotic drug Risperdal could grow breasts. Judge …

POSTED JANUARY 21, 2020 5:40 PM
Judge Says Facebook Must Relinquish Info on Suspicious Apps to State
Facebook must turn over information to the Massachusetts attorney general’s office regarding thousands of apps that the social media company suspects of misusing users’ data, a judge decided. The order issued by Suffolk Superior Court Judge Brian Davis on Friday …

POSTED JANUARY 21, 2020 2:00 PM
Supreme Court Rejects Colorado’s Appeal in ‘Too Poor to Pay’ Workers’ Comp Fine Case
DENVER — The U.S. Supreme Court has rejected an attempt by Colorado to close what it calls a loophole that allows businesses to avoid some regulatory sanctions by, in part, saying they’re too poor to pay penalties. Colorado Attorney General …

POSTED JANUARY 21, 2020 2:00 PM
Tribal Casino Employees Not Eligible for Workers’ Compensation, Rules New Mexico’s Top Court
SANTA FE, N.M. — A New Mexico Supreme Court decision says at least some tribal casino workers injured on the job can’t receive benefits through the state’s workers’ compensation program. A unanimous ruling last Thursday precludes an Isleta Pueblo casino …

POSTED JANUARY 21, 2020 2:00 PM

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