News Center
News – Insurance Journal
California Commissioner OKs FAIR Plan Coverage Options for Farms and Ag Businesses
California Insurance Commissioner Ricardo Lara on Friday approved the FAIR Plan to offer new commercial coverage for farm structure risks starting Feb. 1. The FAIR Plan is an association made up of all admitted insurance companies to be the state’s …
POSTED JANUARY 21, 2022 9:16 PM |
Mississippi Moves Closer to Medical Marijuana
Mississippi is moving closer to joining most other states in allowing people to use marijuana to relieve medical conditions. The state House voted 104-14 Wednesday to pass a bill that would create a medical marijuana program. The bill passed the …
POSTED JANUARY 21, 2022 5:56 PM |
Allstate Buys Downtown Chicago Office Building After Selling Northbrook Campus
The Allstate Corp. has acquired an office building in downtown Chicago months after agreeing to sell most of its campus in Northbrook, Illinois. Allstate confirmed it purchased the property at 29 N. Wacker Drive in Chicago’s Loop, a 10-story office …
POSTED JANUARY 21, 2022 5:51 PM |
Relation Insurance Acquires Ginsberg Agency in New York
Relation Insurance Services, a national insurance agency based in California, has acquired the assets of New York-based Ginsberg Agency, the company announced Thursday. Terms of the deal were not disclosed. Ginsberg specializes in commercial lines, particularly the construction industry, as …
POSTED JANUARY 21, 2022 5:46 PM |
Indiana Lawmaker Introduces Bill to Prevent Catalytic Converter Thefts
Indiana Rep. Jim Baird has introduced a bill to reduce catalytic converter thefts by marking identifying information on catalytic converters, addressing how the parts are purchased, and strengthening enforceability of catalytic converter theft for local law enforcement officers, his office …
POSTED JANUARY 21, 2022 5:34 PM |
QBE Alleges Poaching of Aviation Team; Applied Underwriters Denies Wrongdoing
Insurer QBE has filed a lawsuit alleging a poaching scheme by a number of its former aviation division employees and specialty insurer Applied Underwriters. QBE’s complaint involves the resignation of a total of 13 employees in Atlanta, New York and …
POSTED JANUARY 21, 2022 5:31 PM |
American Financial Buys Artificial Intelligence Company Verikai
American Financial Group (AFG) recently acquired Verikai Inc., a machine learning and artificial intelligence company that utilizes a predictive risk tool for assessing insurance risk. AFG said it paid approximately $120 million in cash at closing. California-based Verikai will continue …
POSTED JANUARY 21, 2022 4:40 PM |
Corps to Receive $2 Billion for Louisiana Flood Protection
The Army Corps of Engineers will be getting $2.6 billion for Louisiana under the infrastructure and supplemental disaster acts, Gov. John Bel Edwards said Jan. 19. The disaster bill to help recovery from Hurricane Ida includes over $2 billion for …
POSTED JANUARY 21, 2022 4:40 PM |
People Should Get Back to Office, Learn to Live With Coronavirus: UK Business Minister
People should get back to the office to benefit from in-person collaboration because the world must learn to live with the coronavirus after a pandemic that has wiped trillions of dollars off global output, Britain’s business minister said on Friday. …
POSTED JANUARY 21, 2022 4:34 PM |
Mother Sues Meta, Snap Over Social Media ‘Addicted’ Daughter’s Suicide
Meta Platforms Inc. and Snap Inc. are to blame for the suicide of an 11-year-old girl who was addicted to Instagram and Snapchat, the girl’s mother alleged in a lawsuit. The woman claims her daughter Selena Rodriguez struggled for two …
POSTED JANUARY 21, 2022 4:22 PM |
News – Claims Journal
Data of 515,000 People at Risk After ‘Sophisticated’ Hack of Red Cross
The International Committee of the Red Cross said that personal data of 515,000 vulnerable people were compromised in a “sophisticated” hack. The cyberattack targeted a contractor in Switzerland that stores Red Cross data. There’s no indication yet that the data …
POSTED JANUARY 21, 2022 12:45 PM |
Appeals Court Clears The Hartford on Most BP Oil Spill Cleanup Workers’ Injury Claims
Navigators Insurance, part of The Hartford, does not have to cover most medical and injury claims from 2,000 workers who cleaned beaches after the 2010 BP oil spill in the Gulf of Mexico, a federal appeals court decided Wednesday. In …
POSTED JANUARY 21, 2022 12:25 PM |
Consumer Reports, Insurance Safety Institute to Rate Vehicle Driver Automation Systems
Two nonprofit bodies, Consumer Reports and the Insurance Institute for Highway Safety (IIHS), said separately on Thursday they are reviewing safeguards put in place by automakers for vehicles with partial automation. The announcements come amid scrutiny of Tesla’s driver assistance …
POSTED JANUARY 21, 2022 12:24 PM |
Assault at Job Covered by Workers’ Comp, Mississippi Supreme Court Rules
A man gets assaulted at work by two co-workers. Is the man’s recourse for his injuries limited only to the exclusive remedy of the workers’ compensation system? The Mississippi Supreme Court this month said, “yes,” despite the employee’s claims of …
POSTED JANUARY 21, 2022 12:24 PM |
School District in California to Pay $14.7M in Teacher Sex Abuse Case
The Los Angeles Unified School District agreed to pay $14.7 million to seven former students at an elementary school who claim their teacher sexually abused them several years ago. Rene Tenas, who taught fourth grade at Hart Street Elementary, was …
POSTED JANUARY 21, 2022 12:23 PM |
Mother Sues Meta, Snap Over Social Media ‘Addicted’ Daughter’s Suicide
Meta Platforms Inc. and Snap Inc. are to blame for the suicide of an 11-year-old girl who was addicted to Instagram and Snapchat, the girl’s mother alleged in a lawsuit. The woman claims her daughter Selena Rodriguez struggled for two …
POSTED JANUARY 21, 2022 12:22 PM |
U.S. Agency Sleuths Look Beyond Indictments in Cybercrime Fight
The FBI and other federal agencies are increasingly looking to counter cyber threats through tools other than criminal indictments, the head of the bureau’s cyber division said in an interview with The Associated Press. Arrests and indictments of foreign cybercriminals …
POSTED JANUARY 20, 2022 6:58 PM |
Safety Chief Objects to Use of Driver Error Statistic She Says Is Misleading
With traffic fatalities spiking higher, the nation’s top safety investigator says a widely cited government statistic that 94% of serious crashes are solely due to driver error is misleading and that the Transportation Department should stop using it. Jennifer Homendy, …
POSTED JANUARY 20, 2022 6:09 PM |
Airlines Report Only Minor Disruptions From 5G Deployment
U.S. airlines said on Wednesday the rollout of new 5G services was having only a minor impact on air travel as the U.S. Federal Aviation Administration (FAA) said it has issued new approvals to allow more low-visibility landings. The increased …
POSTED JANUARY 20, 2022 5:58 PM |
Teva Pharmaceutical Settles With Shareholders Over Pricing for $420M
Teva Pharmaceutical Industries Ltd. has agreed to pay $420 million to settle shareholder litigation alleging the company hid an anti-competitive scheme to fix the price of generic drugs. The settlement was disclosed on Tuesday in papers filed in federal court …
POSTED JANUARY 20, 2022 5:53 PM |
NOTICE: The links and articles found on or within this news center are simply for informational purposes that we believe may be of benefit to our clients and/or website visitors. By providing these links on our website, we are not recommending or endorsing the use of the particular products or services these third parties offer. Nor does G & H Financial Insurance Services, Inc. confirm, corroborate or agree to the statistics or opinions on these links and articles. We urge you to review each website’s Privacy Policy, Disclaimers, and develop an independent opinion of the service or product for any link pursued.
|