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News – Insurance Journal
Oregon Issues Insurance Emergency Order for Wildfire Victims
The Oregon Department of Consumer and Business Services’ Division of Financial Regulation has issued an insurance emergency order for people affected by the state’s wildfires. Insurance companies must immediately take steps to do the following until the order is no …
POSTED SEPTEMBER 23, 2020 10:52 PM |
Bank of England Warns Private Insurers Need Government to Help Narrow Protection Gap
The Bank of England has encouraged the government to work with U.K. insurers in preparation for future major shocks, rather than leave swathes of the economy exposed to catastrophic losses. The danger of a “protection gap” is emerging as firms …
POSTED SEPTEMBER 23, 2020 6:00 PM |
Coast Guard Expert Testifies Heavy Loads Left Cargo Ship Unstable
A U.S. Coast Guard analysis found that a cargo ship overturned after departing a Georgia seaport because of unstable loading that left its center of gravity too high, making the vessel susceptible to rolling over, an expert told officials investigating …
POSTED SEPTEMBER 23, 2020 4:59 PM |
Florida Peninsula Promotes Austin to Director of Special Investigations
The board of Florida Peninsula Insurance Co., a top 10 homeowners insurance company in Florida, has promoted Virginia Austin to director of Special Investigations. Austin, who began her career with Florida Peninsula as a claims examiner, has managed the company’s …
POSTED SEPTEMBER 23, 2020 4:46 PM |
Purdue Report: 21 Work-Related Deaths on Indiana Farms in 2019
Indiana had 21 work-related deaths on farms deaths last year, the fewest number of documented cases since 2013, Purdue University announced on Sept. 22. Three of the victims were children under the age of 5, while 11 were 60 or …
POSTED SEPTEMBER 23, 2020 4:44 PM |
2 Injured by Minneapolis Police Projectiles During Unrest Suing City
Two men injured by police during violence that followed the death of George Floyd in Minneapolis are suing the city, its police chief and unnamed officers. Soren Stevenson, 25, lost his left eye after he was shot by police with …
POSTED SEPTEMBER 23, 2020 4:37 PM |
Michigan Man Faces Felony Charges Over Alleged Fake Auto Insurance Certificates
A formerly licensed insurance agent in Flint, Michigan, faces multiple felony charges for allegedly selling fraudulent automobile insurance certificates. The Michigan Department of Financial Services (DIFS) said 24-year old Dillen Leonard has been charged with four counts of selling counterfeit …
POSTED SEPTEMBER 23, 2020 4:35 PM |
Home Insurtech MGA Hippo, Topa Insurance End Their 3-Year Partnership
Property/casualty insurer Topa Insurance Co. and Hippo Enterprises, a technology-driven managing general agency offering homeowners insurance, announced their mutual decision to end their three-year partnership. The move comes after Hippo’s acquisition of Spinnaker Insurance Co., a national insurer licensed in …
POSTED SEPTEMBER 23, 2020 4:28 PM |
CAC Specialty in Colorado Adds Movafaghi to its Tax Insurance Practice
Denver, Colo.-based CAC Specialty has named Matt Movafaghi a senior vice president in its tax insurance practice. Movafaghi was most recently a senior tax counsel for Chevron Corp., where he was responsible for implementing tax planning strategies and advising management …
POSTED SEPTEMBER 23, 2020 4:05 PM |
Few Resources, Old-Growth Forest Allowed Growth of California Wildfire
A lack of firefighting resources in the hours after it was sparked allowed a fast-moving wildfire to make an unprecedented run through Southern California mountains and eventually find fuel in old-growth trees to become one of Los Angeles County’s largest …
POSTED SEPTEMBER 23, 2020 2:44 PM |
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