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Today's Headlines

 
November 1, 2018
 
 

National

 

Supreme Court Hears Google Case Where Award Monies Don't Go to Those Harmed

U.S. Supreme Court justices questioned an $8.5 million Google settlement in a case that could make it harder for companies to resolve...
 

Plaintiff in Monsanto Weedkiller Cancer Case Accepts Court's Reduced $78M Award

The school groundskeeper who won a jury trial against Bayer AG's Monsanto unit over allegations that the company's glyphosate-containing...
 

Insurtech Profile: Snapsheet's Evolution in Making Virtual Claims Service a Reality

Tech-driven virtual claims services company Snapsheet started out as a service for body shops called Body Shop Bids before pivoting to...
 

Liberty Mutual Reports $282M Profit for 3Q

Liberty Mutual and its subsidiaries reported net income of $282 million and $1.911 billion for the three and nine months ended Sept. 30,...
 

ProSight Adds Coverage for Fitness, Wellness Experts to Direct-to-Consumer Platform

ProSight has expanded ProSight Direct, its online direct-to-consumer platform that offers customized insurance for small business...
 

AIG Again Battered by Catastrophes But Reinsurance Lowers 3Q Net Loss

Catastrophe losses in Japan and North America pushed American International Group to a net loss of $1.3 billion for the third quarter of...
 
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Profitability Issues Remain in Commercial Auto, But Turnaround is Coming

Despite insurers' best efforts to increase rates to compensate for losses, commercial auto continues to be an unprofitable line. In less...
 
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Stunning Successes: InsurTechs Positioned for Network Control and Market Dominance

John D. Rockefeller was easy to overlook. He didn't drink alcohol, smoke, swear or lose his temper. He ate no more than...
 
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Featured Events

 
Plug and Play Insurtech: BrokerAge

Plug and Play Insurtech: BrokerAge

November 15 / Sunnyvale, CA
 
 
 

East

 

Two Utility Workers Killed in Helicopter Crash in Northeastern New York

Two utility workers were killed and two others were hurt when their maintenance helicopter got caught on power lines and crashed in rural...
 

N.J. Woman Pleads Guilty to Insurance Fraud in Used Luxury Vehicle Theft Scheme

A New Jersey woman has pleaded guilty to fraudulently obtaining insurance identification cards as part of a scheme to steal luxury used...
 

Pipeline Project at Center of Massachusetts Gas Explosions Complete

Pipeline upgrade work at the center of natural gas explosions and fires north of Boston last month has been completed. Columbia Gas...
 
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Midwest

 

Last Year' Fiery Iowa Derailment Caused by Broken Rail, Poor Repairs

Federal investigators determined that a broken rail caused the fiery 2017 train derailment in northwest Iowa that released 322,000...
 

Opioid Prescriptions Drop 32% in Wisconsin over Last 3 Years

A new state report shows doctors have been prescribing fewer opioids over the last three years. The report from the state Controlled...
 

Kansas Waterslide on Which Boy Died Being Torn Down

Demolition has begun on a giant waterslide that a 10-year-old Kansas boy was riding on when he was decapitated two years ago. KMBC-TV...
 
More Midwest News »
 
 

Southeast

 

Florida Insured Losses from Hurricane Michael Top $2B, And Growing

Total estimated insured losses from Hurricane Michael have reached more than $2.1 billion, according to the most recent data from the...
 

Suit Filed in Florida Against Tesla Claims Autopilot Failed, Caused Crash

A Florida man says the autopilot feature of his Tesla vehicle failed to detect a disabled car on a highway, leading to a collision that...
 

7 Children Hurt in Alabama School Bus Crash

State troopers say seven children have been injured in a school bus crash in Alabama. Alabama Law Enforcement Agency spokesman Cpl....
 
More Southeast News »
 
 

South Central

 

Oklahoma Sees Increase in Number of Volunteer Firefighters

Almost 300 new volunteer firefighters have joined rural fire departments in three years after state lawmakers eliminated the age limit...
 

Texas Nurse Sentenced on Workers' Comp Fraud Charges

Texas Mutual Insurance Co. has reported that a Travis County district court sentenced Kaydra Moore of Cedar Hill, Texas. on workers'...
 

Texas Governor Seeks Federal Disaster Declaration After Severe Weather, Flooding

Texas Gov. Greg Abbott has asked President Donald Trump for a Presidential Disaster Declaration for Texas counties heavily impacted by...
 
More South Central News »
 
 

West

 

California Utility Says Its Equipment Helped Spark Huge Fire

Southern California Edison said its equipment likely sparked one of two ignition points for the massive wildfire that tore through...
 

Another California City Bans Electric Scooters

The growing pains of shared electric scooter businesses have led one Southern California city to take a wait-and-see approach. The...
 

$251K Settlement After Jailers in Oregon Sic Dog on Man

The insurance provider for Columbia County, Ore. will pay $251,000 to settle a lawsuit filed by a former inmate who claimed jail deputies...
 

Pinnacol Assurance in Colorado Names O'Rourke to Executive Team

Pinnacol Assurance in Colorado has named Krista O'Rourke vice president of agency relations and safety services. O'Rourke replaces...
 
More West News »
 
 

International

 

RenRe's Purchase of Tokio Millennium Re Reinforces Strategy of Independence: CEO

RenaissanceRe's planned $1.5 billion purchase of Tokio Millennium Re (TMR) reinforces its strategy of being an independent reinsurer,...
 

Brexit Deal, Covering UK Financial Services, Is Closer to Completion: Officials

The United Kingdom and the European Union have made progress on a deal to give London's dominant financial center basic access to EU...
 

Black Box from Crashed Lion Air Jet Retrieved from Wreckage by Divers

Indonesian authorities on Thursday retrieved a flight data recorder from a Lion Air jet that crashed and broke apart in shallow sea near...
 

China's Biggest Insurer, Ping An, Plans $2B IPO of Health Tech Unit

Ping An Insurance Group Co., China's biggest insurer by market value, is planning a Hong Kong initial public offering of its health-care...
 

Arch Insurance Europe Buys Ardonagh Group's UK Commercial Lines Business

Arch Insurance Europe has purchased the UK Commercial Lines business owned by The Ardonagh Group and part of its Geo Underwriting...
 

QBE Restructures Operations, Creating 3 Global Units; Executive Team Named

QBE announced changes to its structure, designed to further simplify its operations and build a more streamlined, agile and...
 

Generali Opens Representative Office in Moscow

Generali opened a representative office of Generali in Moscow on Oct. 31, 2018, which the company said is an important milestone in its...
 
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Insurance Journal Blogs and Columns

 

Holiday Policy Language: Halloween Edition

Can I be honest for a minute? I'm not a Halloween fan. It makes my list of favorite holidays right after Columbus Day and before Black...
 

5 Things Not to do This Thanksgiving

This post is part of a series sponsored by PersonalUmbrella.com A burnt-to-a-crisp turkey served along a side of political discourse is...
 

The Lowdown: Top 10 Senior Housing Markets, Risks for Operators and More...

As we continue to explore niche opportunities in your market, this Lowdown is dedicated to the senior housing arena. I've added two...
 
More Blogs »
 
 

Insurance Journal TV

 
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Insurtech Pie's Chief Explains Entry into California Workers' Comp Market

Pie Insurance, a direct provider of workers' compensation, started operating in California in...
 
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Reimagining Automated Customer Service with Empathy, Culture and Slang

Automated customer service is a fact of life. Another fact is that many people are more...
 
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New Discussions in the Forums

 

Referral - consultant to start an insurance brokerage

Posted: Wed Oct 31 -- Hey there is a lot of truth in what Catz is saying. You also might wish to talk to a few insurance agents. What you are trying to do is... mccluney
 

What to expect from a new producer

Posted: Fri Oct 19 -- At some point, you just have to cut your losses. Move on. My best success with producers is college marketing / business students. They want... FFA
 
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Reader Comments

 

Virginia Lawsuit Seeks $350K for Injuries in Game of Tag in Gym Class

Posted: Tue Oct 30 -- $350 large will buy a nice plastic bubble for this child to live in, and a nice car for his dad to drive him to school in. And maybe some... reality bites
 

Mass. Court Rules for Auto Insurer in 'Blood Relative' Household Member Case

Posted: Mon Oct 29 -- Good read and an interesting topic. I expect the Commerce policy has been in force for years and Oliveira moved into the household after the... Fair Playing Field
 

As Deaths, Injuries Pile Up, So Do Claims Against Electric Scooter Firms

Posted: Wed Oct 31 -- Call it jaded labeling, but the majority of the "smartphone-enabled sharing economy" industries are nothing more than a regulatory dodge... Fair Playing Field
 

New Jersey Insurance Broker Stole Nearly $1M While Selling Fake Health Insurance

Posted: Fri Oct 26 -- $1 million dollars and he gets 18 months? It seems like a slap on the hand for such fraudulent activities. Chris
 

Wells Fargo Says Repaying Auto Insurance Customers to Take Until 2020

Posted: Tue Oct 30 -- The simplest solution to this issue would be: How much did Wells Fargo charge each person they slapped with force-placed insurance, whether... Fair Playing Field
 
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