Insurance News

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

  • Washington State Issues Workplace Mask Guidance
    on June 5, 2020 at 7:23 pm

    Most workers in Washington will be required to wear a mask or face covering at work under new coronavirus workplace safety and health requirements that take effect June 8. With few exceptions, workers must wear some type of face covering …

  • Colorado Resort Files Suit Against Railroad for 2018 Fire
    on June 5, 2020 at 6:33 pm

    An insurance company representing a Colorado resort filed a lawsuit against the Durango & Silverton Narrow Gauge Railroad for damage costs associated with an extended wildfire. Purgatory Resort’s insurance provider submitted the claim shortly before the end of a two-year …

  • Phase 2 of Reopening Begins for Florida with Theme Parks, Bars
    on June 5, 2020 at 4:59 pm

    Florida bars, bowling alleys and theme parks will be part of the next phase of reopening the state in the midst of the coronavirus pandemic, Republican Gov. Ron DeSantis announced Wednesday. DeSantis made his announcement at Universal Orlando Resort, which …

  • South Carolina to Remain Open Despite Spike in Virus Cases
    by Jeffrey Collins on June 5, 2020 at 4:58 pm

    South Carolina health officials issued a warning Wednesday that people who go to graduations, businesses or other recently opened places and aren’t careful about wearing masks or social distancing may be contributing to an increase in COVID-19 cases in the …

  • Louisiana Tells Former Producer’s Insurance Agency to ‘Cease and Desist’
    on June 5, 2020 at 4:41 pm

    A Louisiana insurance agency that state insurance regulators say enabled a former insurance producer to transact insurance business without a license has been issued a Cease and Desist order. Insurance Commissioner Jim Donelon issued the C&D order to Bennett Seymour …

  • West-Central, Southern Minnesota Hit with Tornado, Large Hail
    on June 5, 2020 at 4:37 pm

    At least one tornado moved through west-central and southern Minnesota, but there are no reports of injuries or widespread damage, according to the National Weather Service. The tornado was reported near Garden City about 5 p.m. on June 2. The …

  • New Orleans Universities, Archdiocese Named in Katrina Aid Lawsuit
    by Kevin McGill on June 5, 2020 at 4:36 pm

    Two New Orleans universities, the Roman Catholic Archdiocese of New Orleans and a government contractor are defendants in a whistleblower lawsuit alleging fraud involving more than $100 million in Hurricane Katrina aid. The 2016 federal lawsuit was unsealed on June …

  • Property Damage from Unrest in Minneapolis: $55M and Rising
    on June 5, 2020 at 4:32 pm

    The city of Minneapolis says the looting and property damage that following the death of George Floyd in police custody has caused least $55 million in destruction so far. Vandals damaged or set fire to at least 220 buildings, but …

  • Mistake in Louisiana Auto Crash Bill Could Cause Higher Damage Awards
    by Melinda Deslatte on June 5, 2020 at 4:28 pm

    After a last-minute scramble to pass the business lobby’s top priority for the regular session, Republican legislators quickly realized they mangled the language of the bill aimed at limiting damage claims against insurance companies in car wreck lawsuits. Now, GOP …

  • Lloyd’s Creates Single Body for Governance to Improve Speed, Efficiency of Decisions
    on June 5, 2020 at 4:00 pm

    Lloyd’s announced it has merged the Council of Lloyd’s with the Franchise Board, creating one body to govern the marketplace. The decision to merge the two entities was first announced in November 2019. ‘The combination of board and council will …

  • Stadiums May Test Fans’ Privacy Boundaries With Virus Prevention Technologies
    by Dave Campbell on June 5, 2020 at 3:00 pm

    The metal detectors every sports fan has become accustomed to at the gate might soon be accompanied by thermal body scanners as part of the gargantuan task of preventing the spread of the new coronavirus and other airborne diseases. And …

  • N.Y. Emergency Reg Requires Insurers to Expedite Claims Related to Civil Unrest
    on June 5, 2020 at 2:42 pm

    The New York State Department of Financial Services (DFS) has issued an emergency regulation requiring New York-regulated insurers to accelerate the claims process for businesses and individuals suffering damage as a result of looting. Governor Andrew M. Cuomo’s announced the …

  • Magnitude 5.5 Earthquake Confirmed in California Desert Region
    on June 5, 2020 at 2:38 pm

    A magnitude 5.5 earthquake has jolted the region of California desert where a powerful quake last summer was followed by thousands of aftershocks, the U.S. Geological Survey confirmed. The USGS says Wednesday’s quake hit at a fairly shallow depth shortly …

  • Homes Burned, Evacuations Ordered in California Wildfire
    on June 5, 2020 at 2:34 pm

    A grass fire burning northeast of San Francisco destroyed or damaged about a dozen homes Wednesday and prompted evacuations of several streets, fire officials said. The fire erupted at around 3:30 p.m. near a wildlife center in Suisun City, near …

  • Arch Insurance International Appoints Leadership Team for Syndicate 1955
    on June 5, 2020 at 2:33 pm

    Arch Insurance International, part of Arch Capital Group Ltd., has today announced the appointment of Simon Williams to the position of active underwriter, Syndicate 1955. He will be supported by David Slade as deputy active underwriter, who has held the …