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Updated: 9 hours 47 min ago

RMS: Flood Insurance Uptake Low in Areas Hit Hardest by Louisiana Flooding

Fri, 08/19/2016 - 6:04pm
Calling the recent flooding event in Louisiana one of the most significant natural disasters in the United States, catastrophe modelling firm RMS said flood insurance participation is low in the parishes most affected by floods. Flooding since Aug. 11 has been particularly …

Hanover Launches Pay-As-You-Go Workers’ Comp Coverage

Fri, 08/19/2016 - 11:51am
The Hanover Insurance Group, Inc. has launched arkets, a pay-as-you-go option for workers’ compensation policies that allows insureds to pay their premiums in real-time, based on payroll. The new payment option offers businesses the choice of paying their premiums as part …

Texas Lawyer Accused of Fraud in BP Oil Spill Case Acquitted in Mississippi

Fri, 08/19/2016 - 11:44am
A prominent Texas lawyer was acquitted on Thursday of charges he made up thousands of fake clients to sue BP Plc for damages that the oil company caused in the 2010 Gulf of Mexico spill, court records show. Mikal Watts …

Wal-Mart to Pay $90K to Settle Disability Lawsuit

Fri, 08/19/2016 - 11:42am
Wal-Mart Stores Inc. will pay a former, long-term employee at a Wal-Mart location in Illinois, $90,000 to settle a disability discrimination lawsuit filed by the U.S. Equal Employment Opportunity Commission (EEOC). EEOC’s lawsuit charged Wal-Mart with violating federal discrimination law when …

Stringer Joins All Risks’ South Central Region in New Orleans

Fri, 08/19/2016 - 11:38am
Independent wholesale insurance brokerage firm All Risks Ltd., has added Sam Stringer as a broker in its New Orleans, La., branch office. As a casualty broker, Stringer will focus on risks within the construction, energy and environmental industries. Lines of …

Amtrak to Pay $112K to Settle Seattle Disability Discrimination Lawsuit

Fri, 08/19/2016 - 11:36am
The Washington, D.C.-based National Passenger Railroad Corp., better known as Amtrak, will pay $112,000 and provide other relief to settle a federal disability discrimination lawsuit filed by the U.S. Equal Employment Opportunity Commission (EEOC) on behalf of a Seattle-based Amtrak …

Source: Locally Transmitted Zika Virus Found in Miami Beach

Fri, 08/19/2016 - 11:35am
Florida health officials have found evidence of local Zika virus transmission in Miami Beach, one of the world’s most popular tourist destinations, opening a new front in the fight against the mosquito-borne virus, according to a source familiar with the …

Texas Man in Tesla Autopilot Crash Won’t Sue, But Car Insurer May

Fri, 08/19/2016 - 11:34am
A Texas man said the Autopilot mode on his Tesla Model S sent him off the road and into a guardrail, bloodying his nose and shaking his confidence in the technology. He doesn’t plan to sue the electric-car maker, but his …

U.S. Court Approves Clean-Up Deals, Executive Bonuses for Peabody

Fri, 08/19/2016 - 11:30am
Bankrupt coal company Peabody Energy has won U.S. court approval for agreements with three states to partially cover $1.14 billion in potential environmental liabilities and for a bonus plan for its six top executives. Under the agreements, Wyoming can receive …

86,500 People Affected by Louisiana Floods Seek Federal Aid

Fri, 08/19/2016 - 11:27am
Some 86,500 people have filed for federal aid after deadly flooding hit Louisiana in the past several days and damaged some 40,000 homes, Gov. John Bel Edwards told a news conference on Aug. 18. He said the death toll from …

Louisiana Issues Post-Flooding Emergency Insurance Rule

Fri, 08/19/2016 - 11:25am
Louisiana Insurance Commissioner Jim Donelon has issued an emergency rule allowing greater protection and flexibility for insurance policyholders impacted by recent flooding. The emergency rule gives flood-affected policyholders more time to pay insurance premiums. Executive Order 2016-58, issued by Gov. …

Nebraska Doctor Opens Membership-Based, Insurance-Free Practice

Fri, 08/19/2016 - 11:22am
Dr. Todd Johnson of Lincoln is a modern-day pioneer, starting the first membership-based, insurance-free medical practice in Nebraska. Access Family Medicine opened in mid-July and provides what is called direct primary care, the Lincoln Journal Star reported. His patients pay …

Crop Insurance Fraud Leads to 2 Years in Prison for Missouri Farmer

Fri, 08/19/2016 - 11:19am
A southeast Missouri farmer has been ordered to spend two years in prison for crop insurance fraud of more than $200,000. The Southeast Missourian reports that 48-year-old Bobby David Lowrey, of Parma, was sentenced for making false statements about crop-insurance …

Hawaii Officials Warn of Raw Food Risk After Hepatitis A Outbreak

Fri, 08/19/2016 - 11:18am
Hawaii authorities are urging diners to be aware of the risks of eating raw and undercooked food after they traced a hepatitis A outbreak to frozen scallops served raw at a sushi restaurant chain. State Department of Health Sanitation Branch …

American Family Insurance Signs Singer-Songwriter Legend as Brand Ambassador

Fri, 08/19/2016 - 10:25am
American Family Insurance said it has signed John Legend – multi-award winning singer and songwriter – as the company’s newest brand ambassador. The company has partnered with other celebrity ambassadors whose experiences and values it believes not only motivate current …

CNA to Merge Central Zone Field Operation Into Others as Vezzosi Retires

Fri, 08/19/2016 - 9:53am
CNA plans to eliminate its Central zone branch network as a standalone zone and realign it into the property/casualty insurer’s other remaining U.S. market territories, according to Carrier Management. The Chicago-based insurer explained in a statement issued to Carrier Management …

Zurich Insurance (Hong Kong) Appoints Chiu as Head of Global Corporate Division

Fri, 08/19/2016 - 9:38am
Zurich Insurance (Hong Kong) has appointed Philip Chiu as the head of its Global Corporate Division, in a move from his previous position as Zurich’s head of Financial Lines in Asia. He will directly report to Keith Thomas, CEO Global Corporate APAC, …

Brown, Holmes & Milliken of Maine Hires Freeman

Fri, 08/19/2016 - 9:27am
Brown, Holmes & Milliken Agency, an independent insurance agency based in Ellsworth, Maine, has hired Larry Freeman to join its sales staff. In his new role, Freeman will service commercial accounts along with selling home, auto and life policies. He is a 35 …

Massachusetts Restaurant Owner Sentenced to Four Years for Insurance Fraud

Fri, 08/19/2016 - 9:25am
A Leominster, Mass., man who set fire to his own restaurant to collect the insurance money has been sentenced to four years in prison. Jeffrey Cordio, who owned the West End Diner, was also sentenced in federal court to three …

Formal Brexit Talks Likely to Be Triggered in April 2017: UK Officials

Fri, 08/19/2016 - 9:15am
Prime Minister Theresa May’s team is still leaning toward the first part of 2017 as the best moment to trigger the start of formal talks over the U.K.’s withdrawal from the European Union, according to two British officials. While reports …

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