News – Insurance Journal
California Construction Worker Charged with Workers’ Comp Fraud
Fri, 22 Jan 2021 22:38:15 +0000
Jose Zepeda, 45, of Fresno, Calif., self-surrendered this week on multiple felony counts of insurance fraud and attempted perjury after filing a workers’ compensation insurance claim and allegedly misleading the insurance carrier regarding his employment status in order to collect …
Jumpstart Parametric Earthquake Firm on Move in West
Fri, 22 Jan 2021 18:56:47 +0000
Jumpstart Insurance Solutions Inc. is on the move in the earthquake-prone West – and the company is now working with insurance agents. Jumpstart, a licensed surplus lines insurance broker using Lloyd’s capacity, began offering earthquake insurance in California a little …
Alabama Transgender Driver’s License Policy Ruled Unconstitutional
Fri, 22 Jan 2021 17:52:42 +0000
Alabama’s policy requiring a transgender person to undergo full gender reassignment surgery before they can change the sex on their driver’s license is unconstitutional, a federal judge ruled Friday. U.S. District Judge Myron Thompson said Alabama policy’s that people “can …
Biden Revokes Keystone XL Pipeline Permit; Construction Halted
Fri, 22 Jan 2021 17:39:37 +0000
Construction on the long disputed Keystone XL oil pipeline halted on Jan. 21 as incoming U.S. President Joe Biden revoked its permit on his first day in office. The 1,700-mile (2,735-kilometer) pipeline was planned to carry roughly 800,000 barrels of …
Homeowners Claims, Delays Top Louisiana 2020 Storm Complaints
Fri, 22 Jan 2021 17:34:28 +0000
The majority of complaint Louisiana insurance regulators have received in relation to the historic 2020 hurricane season concern homeowners insurance. The Louisiana Department of Insurance (LDI) reports that nearly 80 percent of the 873 complaints it has received about hurricane …
Victoria County, Texas, Flood Maps Ready for Review: FEMA
Fri, 22 Jan 2021 17:24:16 +0000
FEMA has made available for review revised preliminary flood risk information and updated Flood Insurance Rate Maps (FIRMs) for Victoria County, Texas. The federal agency is urging property owners to review the latest information to learn about local flood risks …
Insurer Hallmark Financial Explores Splitting Off Its Specialty Commercial Lines Business
Fri, 22 Jan 2021 17:20:05 +0000
Hallmark Financial Services, a specialty property/casualty company, announced Thursday that it is exploring the separation of its specialty commercial business to unlock its value and improve access to capital. Currently the company is comprised of three business segments—specialty commercial, standard …
North Dakota Senate Won’t Hold Oil Execs Liable for Environmental Damage
Fri, 22 Jan 2021 17:15:12 +0000
The North Dakota Senate has rejected a bill that would have allowed the state to hold liable any corporate officer responsible for oil- and gas-related violations. The North Dakota Petroleum Council and the Greater North Dakota Chamber had lobbied against …
Attune to Offer General, Professional Liability Products Through Hiscox
Fri, 22 Jan 2021 17:10:27 +0000
Attune Insurance Services, LLC has launched general liability and professional liability products with Hiscox serving as the carrier. The Attune and Hiscox partnership adds over 180 new classes and two admitted products to the Attune broker platform. All brokers with …
Farmers Launches Direct-to-Consumer Policies in Mississippi
Fri, 22 Jan 2021 17:02:31 +0000
Farmers Insurance has launched a range of customizable insurance products in Mississippi. Customers throughout the state can now quote and purchase auto, home, condo, and renters products in a direct-to-consumer model. According to Keith Daly, president of personal lines for …
Lloyd’s Appoints Aviva’s Tiernan to New Chief of Markets Position
Fri, 22 Jan 2021 16:26:36 +0000
Patrick Tiernan will be joining Lloyd’s of London in the newly-created role of chief of Markets, where he will will oversee market performance and distribution. Tiernan will join Lloyd’s from Aviva where he is currently the managing director, UK Commercial …
Biden Orders OSHA to Step Up COVID Workplace Safety Guidance, Enforcement
Fri, 22 Jan 2021 16:01:39 +0000
The Biden Administration has instructed federal workplace safety officials to do more to help halt the spread of the coronavirus on the job. On his first full day on office, President Joseph Biden signed an executive order asking the Occupational …
California OKs Using Moderna Vaccine After Illness Reports
Fri, 22 Jan 2021 15:45:05 +0000
California says it’s safe to resume using a batch of Moderna coronavirus vaccine after some people fell ill and a halt to injections was recommended. The decision frees up more than 300,000 doses to counties, cities and hospitals struggling to …
Pardon for Ex-Google Exec Who Took Self-Driving Car Secrets to Uber
Fri, 22 Jan 2021 15:42:36 +0000
A long-running Silicon Valley soap opera took an unexpected twist on Wednesday after outgoing President Donald Trump pardoned a former Google engineer for stealing self-driving car secrets shortly before joining Uber. Trump’s surprise pardon of Anthony Levandowski enables him to …
How do NFL QBs Rodgers, Mahomes and Mayfield Rate as Insurance Salesmen?
Fri, 22 Jan 2021 14:40:20 +0000
Three well-known television insurance salesmen competing for business are also competing in the National Football League playoffs. Only those totally cut off from television could not have seen at least one of the insurance commercials starring NFL quarterbacks. Green Bay …
Skyward Specialty Insurance Group Acquires Aegis Surety, Sells XPro
Fri, 22 Jan 2021 14:28:43 +0000
Skyward Specialty Insurance Group Inc. has acquired Aegis Surety and simultaneously sold XPro, which provides solutions for the pest control industry. K2 Insurance Services is both the seller of Aegis Surety and the buyer of XPro. Aegis Surety Senior Vice …
Falls Kill Two Long Island Men in Separate Workplace Accidents
Fri, 22 Jan 2021 14:11:40 +0000
A landscaper fell from a tree and a roofer fell from a building in two separate fatal workplace accidents Monday on Long Island. Suffolk County Police said 51-year-old Vicente Oliver of Levittown was trimming a tree at a West Hills …
Investors Suing Bayer Blame Drop in Stock on Buying Monsanto, Roundup
Fri, 22 Jan 2021 12:48:54 +0000
Two law firms are suing Bayer for damages on behalf of shareholders, claiming the German group’s management should have warned of the risk of lawsuits over the Roundup weedkiller when Bayer acquired Roundup maker Monsanto. Weekly Wirtschaftswoche reported on Friday …
China Says Its Fintech Antitrust Moves Not Targeted at Private Banks, Insurers
Fri, 22 Jan 2021 12:40:15 +0000
China’s recent antitrust measures are not aimed at its private sector and do not seek to hinder the development of such firms, a senior banking and insurance regulator said on Friday, as the country looks to expand scrutiny of the …
Deadline Approaches for New York-Bermuda InsurTech Early Stage Competition
Fri, 22 Jan 2021 09:00:03 +0000
The submission deadline for the 2021 InsurTech Early-Stage Competition is approaching on January 29, 2021. Global insurtech hub InsurTech NY and the Bermuda Business Development Agency (BDA), Bermuda’s independent economic development public/private partnership, have joined forces for the competition, which …

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