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News from Insurance Journal

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Channel Title: News – Insurance Journal
Channel Website: http://www.insurancejournal.com

Channel Description: Insurance Journal delivers the latest business news for the Property/Casualty insurance industry

 
Bird Flu Found in Georgia Farm Chicken Flock
About 18,000 chickens were destroyed at a northwest Georgia poultry farm after tests confirmed avian influenza in the flock, the first time the disease has been detected in commercial birds in the state, authorities said Monday. The infected chickens were …
...read more

Dissel to Open First Brightway Insurance Agency in South Carolina
Brightway Insurance is scheduled to open its first agency in South Carolina next week. Veteran insurance agent and now Brightway Agency owner, Gregory Dissel, will open the doors to Brightway, The Dissel Agency on Monday, April 3. While new to …
...read more

Judge to Hear Objection to Trump University’s $25 Million Settlement
A U.S. judge will hear arguments on Thursday over whether to grant final approval to a $25 million settlement of fraud lawsuits against President Donald Trump over his Trump University real estate investment seminars, with at least one former student …
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Chipotle Blocks One Class Action On Overtime Pay as Another Advances
A federal judge on Wednesday granted a bid by Chipotle Mexican Grill Inc. to undo a class action lawsuit by manager trainees in six states who say they were unlawfully denied overtime pay. U.S. District Judge Andrew Carter in Manhattan said the …
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Police Report on Uber Self-Driving Car Crash Tells Complex Tale
A recent crash involving an Uber Technologies Inc. driverless car suggests autonomous software sometimes takes the same risks as the humans it may one day replace. The accident on Friday in Tempe, Arizona, caused no major injuries. Another human-driven car turning left …
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Citizens Tells Florida Agents: We Need Your Help Fighting AOB Abuse
As the Florida property market fights what has so far been a losing battle against attorneys and unlicensed contractor firms over water loss claims and assignment of benefits (AOB), Citizens Property Insurance Corp., Florida’s property insurer of last resort, has …
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Citizens Posts Net Loss of $27M for 2016; Says Water Losses, AOB Abuse to Blame
Citizens Property Insurance Corp. will post a net loss for 2016, its first loss in more than a decade, as water loss claims, assignment of benefit (AOB) abuse and litigation costs increasingly impact the company’s bottom line, according to a …
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Texas Raises Interest, Discount Rate for Workers’ Comp
The Texas Department of Insurance, Division of Workers’ Compensation reports that the workers’ comp discount rate and interest rate for April 1 to June 30, 2017, will be 4.50 percent. The rate is computed by using the federal treasury constant …
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Shell Bill Filed in Arkansas Would Allow Alternate Workers’ Comp System
An Arkansas state senator has filed a bill that would create an alternate system for benefits to injured workers. As yet, SB 653 by Sen. David J. Sanders contains no specifics beyond a statement of purpose, which is “to establish …
...read more

A.M Best Assigns Rating to ICC Holdings; Affirms Illinois Casualty Ratings
A.M. Best has assigned a long-term issuer credit rating (Long-Term ICR) of “bb” to ICC Holdings Inc. (ICC Holdings) in Rock Island, Ill., a recently formed publicly traded holding company for the demutualization of Illinois Casualty Co. (Illinois Casualty), also based in Rock Island. …
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Proposed Wisconsin Bill Targets Adults Who Host Underage Drinkers
Adults who let teenagers drink in their homes would be breaking the law under a proposal two Republican Wisconsin lawmakers are circulating. The bill would address what Rep. Andre Jacque and Sen. Van Wanggaard call the “social host” loophole in …
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Little Rock, Arkansas, Now Offers DWI Sobriety Court Option
Little Rock, Ark., has started a sobriety court program that treats certain people charged with driving while intoxicated. The yearlong intensive program allows “hardcore DWI offenders” to choose that option instead of serving jail time, heavy fines and community service …
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Iowa Workers’ Comp Overhaul Bill Sent to Governor
The Iowa Senate has approved a bill to overhaul how workers are compensated for on-the-job injuries, sending the measure to Gov. Terry Branstad. The legislation, which passed with only Republican support, reduces benefits for employees injured at work in Iowa. …
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Alaska Workers’ Comp Reform Has Labor, Businesses Disagreeing
Alaska Gov. Bill Walker is sponsoring workers’ compensation legislation aimed at making it easier to determine whether someone is an employee or an independent contractor. Walker’s bill creates a new definition for independent contractors to determine if employers have to …
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Self-Driving Car Crash in Arizona A Reminder about Regulation Challenges
A crash that caused an Uber self-driving SUV to flip onto its side in a Phoenix suburb serves as a stark reminder of the challenges surrounding autonomous vehicles in Arizona, a state that has gone all-in to entice the company …
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California Girl Struck by Car Could Get $15.9M from Suit
A Southern California girl who was struck by a car on her way to school may receive $15.9 million for her medical expenses. The Orange County Register reported that 11-year-old Paulina Perez was hit by the car two years ago …
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RightSure Purchases Chaparral Insurance in Arizona
RightSure Insurance Group has acquired Prescott Valley, Ariz.-based Chaparral Insurance Agency. This represents RightSure’s 12th book of business acquisition. With this acquisition, Chaparral customers will have access to RightSure’s call center and its team. Tucson, Ariz.-based RightSure is an independent …
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UK at Risk of Exiting EU on ‘WTO Terms,’ Thereby Opening Legal Minefield
Failure to strike a trade deal with the European Union by a two-year deadline would force Britain to adopt World Trade Organization arrangements, bringing with it a host of new negotiations and complications. In a nutshell, Britain would have to …
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Markel International’s Trade Credit Team Opens for Business in Canada
Markel International, the specialist insurer and subsidiary of Markel Corp., is aiming to develop its trade credit and political risk business in Canada. Business will be underwritten by Markel Canada on Lloyd’s Syndicate 3000 paper. Markel Canada, established in 1966, …
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Acappella Syndicate Promotes Quinn and Bellamy in Reinsurance Division
Acappella Syndicate 2014 is very pleased to announce the promotion of Jim Quinn to the new role of head of the Reinsurance Division and Matthew Bellamy to the role of head of Property Reinsurance. Both promotions are with immediate effect. …
...read more

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