News – Insurance Journal
|Industry Needs to Join Insurtech Wave to Digitize Insurance: AFL’s Esser
There is a fundamental need for reform and modernization, particularly in the London market. We should be electronically processing all lines of business, not just specialty classes. Of course, we should look at ubiquitous electronic placement too. So what can …
POSTED JANUARY 18, 2018 8:15 AM
|West Virginia College Ordered to Pay $250K in Discrimination Suit
A judge has entered a $250,000 judgment against West Virginia Wesleyan College in a discrimination lawsuit. The Exponent Telegram reports a circuit judge in Upshur County made the ruling recently in a lawsuit filed by a former employee of the …
POSTED JANUARY 18, 2018 6:38 AM
|Insurtech Lemonade’s Co-Founder Accuses Amazon of Poaching Employees
With two social media posts, Shai Wininger, co-founder of the insurtech Lemonade, accused giant Amazon of poaching employees of his startup insurance carrier that is powered by artificial intelligence and behavioral economics. Wininger also threatened to retaliate by leaving the …
POSTED JANUARY 18, 2018 6:00 AM
|How the U.S. Can Improve Workplace Injury and Illness Data
Federal agency officials involved in reducing work-related injuries and illnesses believe there is still a lot to learn about the relationship between work and injuries, According to the experts, the government needs to update its workplace surveillance and data collection …
POSTED JANUARY 18, 2018 6:00 AM
|For Florida Insurer American Integrity, Giving Back is Part of Company Culture
American Integrity Insurance Group’s charitable efforts have become an integral part of the company’s culture, and not just during the holiday season. The Florida-based insurer, which formed in 2006, began asking employees four years ago what charities they would like …
POSTED JANUARY 18, 2018 5:47 AM
|JenCap Holdings to Acquire Genesee General of Georgia
JenCap Holdings LLC (JCH), a specialty insurance business, has agreed to acquire privately-held Genesee General, a managing general agency, program administrator and wholesale insurance broker based in Alpharetta, Ga. The transaction is expected to close in January 2018. Financial terms …
POSTED JANUARY 18, 2018 5:41 AM
|National Interstate Forms Captive for Towing & Recovery Industry
National Interstate Insurance Company, a specialty property and casualty transportation insurer, has launched TowCap Premier, a group rental captive designed exclusively for the towing and recovery industry. National Interstate will market TowCap Premier directly through retail brokers, and is currently …
POSTED JANUARY 18, 2018 5:18 AM
|Judge Allows Philadelphia’s Suit Claiming Unfair Lending by Wells Fargo
A federal judge in Philadelphia on Tuesday rejected Wells Fargo & Co.’s bid to dismiss that city’s lawsuit accusing the largest U.S. mortgage lender of predatory lending targeting black and Hispanic borrowers. U.S. District Judge Anita Brody said Philadelphia may …
POSTED JANUARY 17, 2018 8:33 PM
|Ratings Assigned to Iowa’s Midwest Family Advantage Insurance
A.M. Best has assigned a Financial Strength Rating (FSR) of A- (Excellent) and a Long-Term Issuer Credit Rating (Long-Term ICR) of “a-” to Midwest Family Advantage Insurance Co. (Midwest Advantage). The outlook assigned to these ratings is stable. Concurrently, A.M. …
POSTED JANUARY 17, 2018 5:44 PM
|Harvey-Devastated Texas Coastal Towns Still Working on Recovery
Some Texas coastal towns where Hurricane Harvey made landfall are working to restore tourism and other economic attractions nearly five months after the storm. Hundreds of businesses in Rockport and Fulton are now open amid recovery efforts assisted by Aransas …
POSTED JANUARY 17, 2018 5:40 PM
Yahoo News - Latest News & Headlines
|Steve Bannon Refused To Answer Congress's Questions In Russia Probe, Says Top Democrat
Former White House chief strategist Steve Bannon invoked executive privilege and refused to answer the House Intelligence Committee’s questions during a closed-door meeting on Tuesday, according to several media accounts.
POSTED JANUARY 16, 2018 11:31 PM
|Undocumented immigrant charged in slaying of 2 police officers says he wishes he killed more cops
An undocumented immigrant who admitted to shooting and killing two Northern California police officers in October 2014 said in court on Tuesday that he regrets not killing more cops.
POSTED JANUARY 17, 2018 11:20 AM
|How 2 California Parents Could 'Home-School' Their Shackled And Abused Children
Two California parents were arrested over the weekend when police found 12 of their 13 children in filthy conditions, some chained to beds and starving.
POSTED JANUARY 16, 2018 5:54 PM
|How to protect your family against the spread of the flu
This year’s outbreak is widespread in every state but Hawaii, and has gotten so bad in Alabama that the governor has declared a public health emergency.
POSTED JANUARY 17, 2018 10:54 AM
|Pennsylvania Supreme Court Appears Open To Striking Down Gerrymandered Map
― A plurality of state Supreme Court justices seemed open to the possibility that the Pennsylvania congressional map may violate the state’s constitution, but during oral argument on Wednesday seemed unclear as to how to remedy the situation.
POSTED JANUARY 17, 2018 1:11 PM
|China planning to send robot sub to sunken ship
BEIJING (AP) — China is preparing to send a robot submarine possibly followed by divers to explore and plug holes in a sunken Iranian oil tanker whose 32 crew members are all believed to have died, the Transport Ministry said Wednesday.
POSTED JANUARY 17, 2018 5:46 AM
|Police issue warning about drugs cut with 'Rizzy' after man's skin is eaten away
Police in Alliance, Ohio, issued a warning to other law enforcement officials after a man's skin was eaten away when he allegedly injected heroin tainted with a substance called "Rizzy" into his arms, according to WEWS. Narcotics officers who arrested the unnamed 25-year-old man last week said they immediately noticed his horrific injuries. WEWS reports that the man's forearm skin was blackened and peeling, and some of his flesh had been completely eaten away.
POSTED JANUARY 17, 2018 10:22 AM
|Blessing of the animals on St. Anthony's Day
The feast of St. Anthony, Spain’s patron saint of animals, is celebrated each year. On the eve of St. Anthony’s Day, riders guide their horses through a bonfire in the village of San Bartolome de Pinares as part of the Luminarias ritual in honor of St. Anthony the Abbot.
POSTED JANUARY 17, 2018 1:29 PM
|Nine dead after under-construction bridge collapses in Colombia
At least nine construction workers were killed and five injured when a partially-constructed bridge collapsed in central Colombia on Monday, an official from the disaster response agency said. The bridge, located in Chirajara on the border of Cundinamarca and Meta provinces, was to be part of the highway that connects the capital Bogota and the city of Villavicencio, and was not yet in public use. The cause of the collapse, which sent pieces of the bridge down into a canyon below, is under investigation, Reinaldo Romero, head of disaster response for Meta province, told Reuters. Half of the bridge fell into the valley in Chirajara near Bogot Credit: JAIME SALDARRIAGA/ REUTERS “Up to now there are nine dead and five injured,” Romero said. “We are doing a check to rule out other victims.” Transportation Minister German Cardona flew over the site of the collapse later on Monday and visited rescue staff on the ground with Dimitri Zaninovich, the head of the national infrastructure agency.
POSTED JANUARY 16, 2018 8:17 AM
|Doctor gives Trump a clean bill of health, physical and mental
President Trump needs to lose 10-15 pounds but is generally in excellent health and has no problems “whatsoever” with his mental ability, his official military doctor said Tuesday. Dr. Ronny Jackson predicted that Trump would stay in good health throughout his time in office, even if it stretches to a second term.
POSTED JANUARY 16, 2018 5:35 PM