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News from Insurance Journal


Channel Title: News – Insurance Journal
Channel Website:

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

Survey: Houston, Dallas Worst Cities for Towing Hassles
Houston and Dallas rank number one and two on the list of U.S. cities with the most hostile towing markets for consumers, and Texas is the state most in need of pro-consumer towing reforms, according to a national towing survey … more

Wisconsin Study: Helmets Reduce Neck Injuries in Motorcycle Crashes
A study of University of Wisconsin Hospital trauma patients found that motorcyclists who don’t wear helmets are twice as likely to suffer neck injuries in crashes compared to those who use helmets. The study looked at more than 1,000 patients … more

Bussard Promoted to Underwriter at Arlington/Roe in Ohio
Jennifer Bussard has been promoted to commercial lines underwriter at the Ohio office of managing general agency and wholesale insurance broker Arlington/Roe. Bussard is a graduate of Franklin University and holds the Associate in Insurance Services (AIS), Associate in General … more

35 Counties in Indiana Designated Disaster Areas, Cancellation Moratorium in Place
On March 16 Gov. Eric Holcomb declared four more counties as disaster areas, bringing to of 35 the number of counties covered by disaster emergency declarations issued since Feb. 24. The state has been beset by widespread flooding and infrastructure … more

Uber Halts Road Tests After Autonomous Car Hits, Kills Pedestrian in Arizona
Uber Technologies Inc. halted autonomous vehicle tests after one of its cars struck and killed a woman in Tempe, Arizona, in what is likely the first pedestrian fatality involving the technology. The woman was crossing the road outside of a … more

UK Government, Regulators to Examine Potential Risks from Cryptocurrencies
Britain’s government and regulators will look in detail at the potential risks from cryptocurrencies like bitcoin, British junior finance minister John Glen said on Monday. Glen said there had been an “explosion of growth” in crypto assets like bitcoin, which … more

Title Insurer Amrock’s Lawsuit Backfires to Tune of $706M
An affiliate of mortgage-lending firm Quicken Loans Inc. filed a fraud suit to back out of a software deal with a housing data-analytics firm, serving the complaint at a trade show in front of the startup’s customers and calling the … more

State Commissioners Assist Puerto Rico Insurance Department
The National Association of Insurance Commissioners (NAIC) says that since January, 10 state insurance departments have sent more than 20 regulators and NAIC has sent staff to support the office of Puerto Rico’s insurance commissioner. Puerto Rico has been recovering … more

Spinner Joins Creative Risk Solutions in Des Moines
John Spinner as joined the Creative Risk Solutions (CRS) team as an assistant vice president in Des Moines, Iowa. CRS is a subsidiary of Holmes Murphy & Associates. Spinner will lead the client services team at CRS, where he will … more

FAA Grounds ‘Doors-Off’ Helicopter Tours After New York Crash
Federal aviation regulators are grounding “doors-off” helicopter tour flights in which passengers are tethered to the aircraft as a result of the March 11 crash in New York that killed five people. The Federal Aviation Administration is taking immediate actions … more

Jury Awards $33.5M to Parents of California Man Killed by Deputy
A federal court jury has awarded $33.5 million in damages to the parents of a man who was fatally shot by a Southern California sheriff’s deputy in November 2015. The jury found that the San Bernardino County deputy unreasonably detained … more

Why Storm-Prone States Continue to Balk at Tough Building Codes
The showdown in the Florida statehouse last year had all the drama of a knock-down political brawl: Powerful industries clashing. Warnings of death and destruction. And a surprise last-minute vote, delivering a sweeping reform bill to the governor’s desk. The … more

California Couple to Get $2.5M After Called Abduction a Hoax
A couple has reached a $2.5 million settlement with a Northern California city and its police department after investigators dismissed her bizarre kidnapping as a hoax. Police in the city of Vallejo initially discounted a report by Denise Huskins and … more

12 Arizona Counties Re-Designated Natural Disaster Areas
The U.S. Department of Agriculture announced the re-designation of 12 Arizona counties as primary natural disaster areas due to losses and damages caused by recent drought. The Mohave Valley Daily News reported farmers in eligible counties have eight months to … more

California Workers’ Compensation Institute Elects 2018 Board
Rose Barrett of the Berkshire Hathaway Group was elected chair of the California Workers’ Compensation Institute board of directors for 2018. Barrett was first elected to the CWCI board as a representative of AIG in 2014 and has been a … more

California Says Insurers Must Pass Tax Savings on to Policyholders
Insurance companies writing in California were sent a notice by the California Department of Insurance reminding them that under Proposition 103 their rates must not be excessive, inadequate, or unfairly discriminatory. The recent revision to the Federal Tax Schedule for … more

UK, EU Agree to 21-Month Brexit Transition Period; Clock Starts Ticking in March 2019
The U.K. clinched a deal that will buy it time in Brexit talks in a move the European Union’s chief negotiator hailed as a decisive step. But it’s all still contingent on finding a solution to the most intractable issue … more

Wildfires in Southeast Australia Destroy More Than 70 Homes, Kill Livestock
More than 70 homes were destroyed as bushfires swept through the seaside town of Tathra in southeastern Australia at the weekend. Soaring temperatures and wind gusts fanned the fires about 500 kilometers (310 miles) south of Sydney, causing the blaze … more

Title Insurer Fidelity National to Buy Competitor Stewart for $1.2 Billion
Title insurer Fidelity National Financial Inc. has agreed to acquire Stewart Information Services Corp. for approximately $1.2 billion. The consideration will be $50 per share of common stick, paid 50 percent in cash and 50 percent in FNF common stock. … more

Helicopter Trade Group Had Fought Open-Door Tours for Years
The leading trade group for helicopter operators has, for at least two years, urged a halt to open-door tours such as the one that ended in the death of five people in the East River off Manhattan on March 11. … more

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