Insurance News

News – Insurance Journal Insurance Journal delivers the latest business news for the Property/Casualty insurance industry

  • California Safety Board Oks Regulation to Protect Workers from Wildfire Smoke
    on July 19, 2019 at 5:06 pm

    The California Occupational Safety and Health Standards Board has adopted an emergency regulation designed to protect workers from hazards associated with wildfire smoke. The regulation is expected to go into effect in early August and be effective for one year. […]

  • Berkshire Hathaway GUARD Expands Commercial Auto into Delaware, Kentucky, D.C.
    on July 19, 2019 at 5:00 pm

    Berkshire Hathaway GUARD Insurance Companies have expanded its commercial automobile product into Delaware, Kentucky, and the District of Columbia. The company’s policy is designed for local and intermediate travel exposures up to a 200-mile radius. The commercial auto product is […]

  • Going to Monte Carlo for the Rendezvous? What’s It Like?
    on July 19, 2019 at 4:46 pm

    Have you been to the Reinsurance Rendezvous in Monte Carlo? What would you tell someone thinking of going for the first time about the experience? Carrier Management is looking to compile stories and advice from professionals who have been to […]

  • Illinois Medical Instrument Sterilization Plant to Reopen with Emission Control Equipment
    on July 19, 2019 at 4:45 pm

    The operator of a closed suburban Chicago plant where medical instruments were sterilized with a cancer-causing chemical has reached an agreement with the state of Illinois that will allow the plant to reopen, both sides announced on July 12. Attorney […]

  • CoreLogic Estimates Barry Flood, Wind Losses at $500M to $900M
    on July 19, 2019 at 4:20 pm

    The total cost of losses from damage caused by Hurricane Barry will likely fall between $500 million and $900 million, Irvine, California-based property information and data analytics provider CoreLogic says. CoreLogic estimates Barry-related flood loss for residential and commercial properties […]

  • Judge Permits Short-Term Health Plans in Blow to Obamacare Supporters
    by Andrew Harris and John Tozzi on July 19, 2019 at 4:13 pm

    The Trump administration can expand the sale of short-term health insurance policies that don’t meet the standards of the Affordable Care Act, a federal judge ruled, advancing the government’s efforts to undo Obamacare. U.S. District Judge Richard Leon in Washington […]

  • PTSD Coverage for First Responders Left Out of Ohio Workers’ Comp Budget
    on July 19, 2019 at 3:55 pm

    Lawmakers have approved a two-year budget for Ohio’s insurance fund for injured workers after missing the initial deadline at the end of June and covering the gap with a temporary budget. The nearly $645 million funding measure for the Bureau […]

  • Berkshire Hathaway’s Applied Underwriters Settles Workers’ Comp Dispute with New York
    on July 19, 2019 at 3:49 pm

    Berkshire Hathaway subsidiary Applied Underwriters will voluntarily halt the selling of a reinsurance-based, loss-sensitive workers’ compensation product in New York under an agreement with the state regulator who first raised questions about the product three years ago. Applied Underwriters will […]

  • Arizona Suit Names Former Opioid Manufacturer Executives
    on July 19, 2019 at 2:39 pm

    Arizona’s top attorney is accusing former opioid manufacturer executives of trying to sell a prescription drug through unethical means. Attorney General Mark Brnovich announced that his office filed a consumer fraud lawsuit Wednesday against Chandler-based Insys Therapeutics Inc. The state […]

  • Nevada Wants Feds to Restudy Seismic Risk at Nuke Dump Site
    by Ken Ritter on July 19, 2019 at 2:35 pm

    Nevada’s governor and congressional delegation are pointing to earthquakes this month in the California desert and calling for the U.S. Energy Department look again at seismic risks of burying the nation’s most radioactive nuclear waste at a site in the […]

  • Report: California Private Self-Insured Employers Comp Claim Frequency Rose Last Year
    on July 19, 2019 at 2:30 pm

    Workers’ compensation claim frequency reported by private self-insured employers in California rose last year, as the incidence of both indemnity and medical-only claims rose from the 2017 levels, the California Workers’ Compensation Institute reported. This is the second consecutive year […]

  • Investigation Uncovers Widespread Fraud in the New York City Towing Industry
    on July 19, 2019 at 2:20 pm

    The NYC Department of Consumer and Worker Protection (DCWP) Commissioner Lorelei Salas has announced an in-depth investigation into the tow truck industry that suggests widespread insurance and workers’ compensation fraud. DCWP is in the process of notifying approximately 130 tow […]

  • Hartford InsurTech Hub Opens Applications for Accelerator Program’s Third Year
    on July 19, 2019 at 2:11 pm

    Hartford InsurTech Hub, powered by Startupbootcamp, has opened applications for the third year of its accelerator program. Insurance Technology (InsurTech) startups that have shown strong traction and are looking to connect with several of the biggest insurance companies in the […]

  • Nuclear Industry Looks to Save Money Under Reduced U.S. Safety Oversight
    by Ellen Knickmeyer on July 19, 2019 at 1:40 pm

    Fewer mock commando raids to test nuclear power plants’ defenses against terrorist attacks. Fewer, smaller government inspections for plant safety issues. Less notice to the public and to state governors when problems arise. They’re part of the money-saving rollbacks sought […]

  • New Hampshire Committee to Consider Tough Water Standards for Chemicals
    on July 19, 2019 at 1:38 pm

    A New Hampshire legislative committee will consider a proposal to create some of the nation’s toughest drinking water standards for a class of toxic chemicals that have caused widespread contamination in the state. On Thursday, the New Hampshire Joint Legislative […]