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Insurance Journal delivers the latest business news for the Property/Casualty insurance industry
Updated: 2 hours 25 min ago

Mayor of Major California City Wants Gun Owners to Get Liability Insurance

2 hours 52 min ago
The mayor of San Jose has proposed requiring gun owners in the nation’s 10th largest city to carry liability insurance to cover taxpayer costs associated with firearm violence. The Mercury News reported that, if approved, Mayor Sam Liccardo’s strict new …

Oklahoma Pharmacist Pleads Guilty to Fraud; Agrees to Pay $1M Restitution

6 hours 33 min ago
Prosecutors say an Oklahoma pharmacist has agreed to pay more than $1 million in restitution after pleading guilty to health care fraud. Federal court records show 37-year-old Jeffrey Scott Terry pleaded guilty to two felony counts of health care fraud …

Overdose Deaths Again Rise More in Urban Than Rural Communities

6 hours 43 min ago
U.S. drug overdose deaths had been most common in Appalachia and other rural areas in recent years, but they are back to being more concentrated in big cities, according to a government report Friday. The Centers for Disease Control and …

Nation’s Excess & Surplus Market Reports 13% Growth Through Midyear

7 hours 56 min ago
The nation’s excess and surplus lines insurance industry is growing almost 13 percent faster halfway through this year than it did last year at this time. Mid-year premium growth reported by the 15 excess and surplus lines (E&S) stamping/service offices …

Hail and Lightning from Montana Weekend Thunderstorms Cause Damage

8 hours 17 min ago
Some Montana residents are cleaning up after a series of weekend thunderstorms that brought large hail, heavy rain and strong winds that downed trees and power lines and damaged buildings and vehicles. The National Weather Service reports the worst damage …

Missing Drive Has Health Patient Info of Nevada’s Largest Healthcare Provider

8 hours 20 min ago
The largest health care provider in northern Nevada says some of its patients’ private information was stored on a thumb drive that’s been missing since June 30. Renown Health said in a letter sent to patients last week the incident …

Northern California Wildfire Victims Can File Claims With PG&E

8 hours 23 min ago
People affected by wildfires in Northern California in 2017 and 2018 can soon file claims for housing assistance and other immediate needs with Pacific Gas & Electric Co. They can file their claims online through the website for the utility’s …

Jury Awards $13M to Former Patients of California Psychiatric Facility

8 hours 26 min ago
A jury has awarded more than $13 million to three women, finding they were harmed and did not consent to sexual contact by an employee of a California psychiatric facility. The Ventura County Star reports the jury found Monday that …

Insurance Technologies Corp. Acquires Ohio’s Smart Harbor

8 hours 45 min ago
Insurance Technologies Corporation (ITC), a provider of websites, marketing, comparative rating and management software and services, has acquired Columbus, Ohio-based Smart Harbor, which provides digital technology products and services to insurance agents. Smart Harbor is owned by The Shipyard, a …

Liberty Global Names Singh to Head M&A Transactions Insurance Tax Team in London

9 hours 57 min ago
Liberty Global Transaction Solutions (GTS) has named Jugdeep Singh as head of Tax, based in London. Singh will manage the Liberty GTS international tax liability insurance team for tax risks related to merger and acquisition transactions, restructurings and other bespoke …

Lawsuit: Negligence Caused Legionnaires’ Outbreak at Atlanta Hotel

10 hours 30 min ago
A lawsuit filed Monday alleges “negligence in the operation and maintenance of the water systems” caused a Legionnaires’ disease outbreak at a downtown Atlanta hotel that killed one person and potentially sickened dozens. State and county health officials are investigating …

Delaware Officials to Update Public on Aftermath of Gas Leak

10 hours 34 min ago
Delaware environmental officials are updating residents about actions taken by a chemical plant owner since a gas leak last year temporarily closed the Delaware Memorial Bridge on one of the busiest travel days of the year. Department of Natural Resources …

Pennsylvania Makes Changes to Reduce Chances of Workers’ Comp Rate Filing Errors

10 hours 38 min ago
Pennsylvania Insurance Commissioner Jessica Altman and Labor & Industry Secretary Jerry Oleksiak announced agreements with two insurers and the Pennsylvania Compensation Rating Bureau (PCRB) to protect Pennsylvania businesses and lessen the chances of errors in the filing of loss costs, …

Prudential to Complete Split of Insurance, Asset Fund by Year’s End

10 hours 39 min ago
Britain’s biggest insurer Prudential will complete a planned break-up of the company by the end of the year, with its UK-focused fund and insurance business set to list as M&G Plc. The Asia and U.S.-focused rump of the company will …

Concord Specialty Risk Hires Peress as Vice President in New York

10 hours 44 min ago
Concord Specialty Risk has hired Ilan D. Peress as vice president and Reps & Warranty Insurance underwriter, where he will take on a leading role in Concord’s Reps & Warranty Insurance practice. Peress will be based in New York, N.Y. …

Cook Maran Hires Patterson as a Client Advisor in New Jersey

10 hours 50 min ago
Cook Maran, a Prime Risk partner, headquartered in Melville, N.Y., recently hired Eric Patterson as a client advisor. He will operate out of the Cook Maran location in Fair Lawn, N.J. Patterson was previously a Professional Employer Consultant at TriNet …

Fidelity Battles IRS Over Tax Credits for Coal Investment Involving A.J. Gallagher

11 hours 47 sec ago
Fidelity Investments’ courtroom battle with the IRS over disallowed tax credits drew to a close on Tuesday when lawyers clashed over whether the mutual fund giant was a bonafide partner in the production of chemically treated coal. U.S. Tax Court …

Many Reinsurers Take Increased Catastrophe Risks as Rates Harden: S&P

11 hours 46 min ago
Some global reinsurers have chosen to stop retrenching from catastrophe risks, deciding instead to take advantage of higher premium rates and increase their exposure, according to S&P Global Ratings. Although risk discipline is likely to prevail, global reinsurers’ greater exposure …

China’s Anbang Insurance Selling $2.4 Billion in Japan Properties

12 hours 17 min ago
China’s troubled Anbang Insurance Group has put its $2.4 billion property portfolio in Japan up for sale and previous owner Blackstone Group is bidding, two people familiar with the company’s plans said. The insurer is offering its entire portfolio of …

With Smarter, Joined-Up Pricing, There’s No Such Thing as a Bad Risk: Viewpoint

15 hours 55 min ago
It’s a well-trodden truth in our industry that not all risks are created equal, and for insurers, that some risks are riskier than others. However, new technologies mean new avenues of innovation for insurers to explore, providing opportunities to drastically …

Auto Insurance

Auto Insurance

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