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Updated: 57 min 51 sec ago

Beale Street Merchants Charge Security Fee to Bolster Safety

1 hour 22 min ago

Beale Street has instituted a policy that increases safety by charging visitors a new fee. WMC-TV reported visitors arriving at midnight Saturday or later had to pay a $10 charge to get past a security checkpoint and onto the iconic …

The article Beale Street Merchants Charge Security Fee to Bolster Safety appeared first on Insurance Journal.

$2.6M Florida Jury Award to Tourist Upheld

1 hour 26 min ago

A judge upheld a $2.6 million judgment awarded to a Kansas tourist whose skull was fractured when she was run over by a truck driven by a lifeguard. The Daytona Beach News-Journal said Volusia County had appealed part of the …

The article $2.6M Florida Jury Award to Tourist Upheld appeared first on Insurance Journal.

Uber Hires Obama Campaign Strategist; Expands Into Courier Service

2 hours 10 min ago

Uber has enlisted David Plouffe, President Barack Obama’s 2008 campaign manager, to devise and run its global political and branding strategy, as the fast-expanding car rides-on-demand startup runs into stiff resistance in some cities. The San Francisco-based company, which is …

The article Uber Hires Obama Campaign Strategist; Expands Into Courier Service appeared first on Insurance Journal.

Freedom Industries’ Insurance Settlement Plan Favors Nonprofits

3 hours 53 min ago

Freedom Industries Inc., whose leaking chemical tank made much of West Virginia’s water undrinkable early this year, filed a proposed Chapter 11 plan this week that offers nothing to people with claims for polluted water. Instead, proceeds from a settlement …

The article Freedom Industries’ Insurance Settlement Plan Favors Nonprofits appeared first on Insurance Journal.

Asbestos Claimants Urged to Oppose Garlock Reorganization Plan

3 hours 59 min ago

The official committee representing creditors with asbestos claims against Garlock Sealing Technologies LLC will urge its constituents to vote against the company’s reorganization plan, even though Garlock said it pays claimants in full. The official representative of future asbestos claimants, …

The article Asbestos Claimants Urged to Oppose Garlock Reorganization Plan appeared first on Insurance Journal.

No Protection for Foreign Whistleblowers at Overseas Firms: Court

4 hours 3 min ago

Foreign whistleblowers who work for overseas companies can’t be protected from retaliatory firings for disclosing conduct that happens abroad, a federal appeals court held. The U.S. Court of Appeals in Manhattan found in a case involving Siemens AG that an …

The article No Protection for Foreign Whistleblowers at Overseas Firms: Court appeared first on Insurance Journal.

IAG Posts US$1.467 Billion 2014 Fiscal Year Operating Profit

4 hours 10 min ago

Insurance Australia Group Limited (IAG) announced a strong operating performance for the financial year ended June 30, 2014 (FY14), posting an insurance profit of A$1.579 billion [US$1.467 billion] for the year, up 10.6 percent from A$1.428 billion [US$1.326 billion] for …

The article IAG Posts US$1.467 Billion 2014 Fiscal Year Operating Profit appeared first on Insurance Journal.

Weakening Operating Fundamentals Tip Reinsurers’ Outlook to Negative: A.M. Best

4 hours 13 min ago

A.M. Best announced that it has “revised its ratings outlook on the global reinsurance sector to negative from stable, citing the significant ongoing market challenges that will hinder the potential for positive rating outlooks or upgrades, and over time, may …

The article Weakening Operating Fundamentals Tip Reinsurers’ Outlook to Negative: A.M. Best appeared first on Insurance Journal.

Canada Railway Audit ‘Inadequate’ before Lac-Mégantic Disaster: Official Report

4 hours 21 min ago

The Canadian government did not adequately audit the railroad company at the center of the Lac-Mégantic crude tanker disaster, which last year killed 47 people, an independent federal agency said on Tuesday, as it called for tougher scrutiny of the …

The article Canada Railway Audit ‘Inadequate’ before Lac-Mégantic Disaster: Official Report appeared first on Insurance Journal.

Ping An Profit Rises 19% on Higher Bank Revenue, Premium Income

4 hours 28 min ago

Ping An Insurance (Group) Co., China’s second-largest insurer, said first-half profit grew 19 percent as premium income climbed and banking revenue increased. Net income rose to 21.4 billion yuan ($3.5 billion), or a diluted 2.55 yuan [$0.41] a share, from …

The article Ping An Profit Rises 19% on Higher Bank Revenue, Premium Income appeared first on Insurance Journal.

Maine Woman Sues GM, Claims Burn From Heated Car Seat

Tue, 08/19/2014 - 21:51

A Maine woman who says she suffered a third-degree burn from a heated seat in Chevrolet Suburban has sued General Motors. Emma Verrill says in her suit filed in U.S. District Court in Portland, Maine, that GM failed to adequately …

The article Maine Woman Sues GM, Claims Burn From Heated Car Seat appeared first on Insurance Journal.

Louisiana AG Files Suit Against State Farm Over Auto Repair Practices

Tue, 08/19/2014 - 15:37

Alleging “a culture of unsafe business practices” in its handling of vehicle repairs, Louisiana’s attorney general has filed suit against insurance giant State Farm. Attorney General Buddy Caldwell’s lawsuit, filed Aug. 19 in the 19th Judicial Court in East Baton …

The article Louisiana AG Files Suit Against State Farm Over Auto Repair Practices appeared first on Insurance Journal.

NFP Acquires 2 Agencies in New England

Tue, 08/19/2014 - 14:37

National Financial Partners Corp. (NFP) announced the acquisitions of two independent insurance agencies in New England: Poulos Insurance Inc. and Altus Specialty Group LLC. Terms were not disclosed. NFP said the acquisitions would help expand NFP’s property/casualty offerings. Poulos Insurance, …

The article NFP Acquires 2 Agencies in New England appeared first on Insurance Journal.

Ohio Woman Convicted in Arson-for-Insurance Case

Tue, 08/19/2014 - 11:07

A Youngstown, Ohio, woman has been convicted of setting fire to a rental property in order to collect insurance money, said Steven M. Dettelbach, United States Attorney for the Northern District of Ohio. Latasha Curtis, 33, was convicted on one …

The article Ohio Woman Convicted in Arson-for-Insurance Case appeared first on Insurance Journal.

Miller Joins Governmental Affairs Team at IIAT

Tue, 08/19/2014 - 11:04

The Independent Insurance Agents of Texas (IIAT) announced that Amanda Miller of New Braunfels has joined the association as governmental affairs manager and PAC coordinator. Miller has participated in a number of political campaigns both on the state and federal …

The article Miller Joins Governmental Affairs Team at IIAT appeared first on Insurance Journal.

Kretiv Joins XL Group Distribution & Network Team in Dallas

Tue, 08/19/2014 - 10:59

XL Group’s North America distribution and network team has added Michael Kretiv as vice president and client distribution leader. Based in XL’s Dallas office, Kretiv reports to Wayne Speeg, XL Group’s regional leader – South Central. Kretiv joins XL Group …

The article Kretiv Joins XL Group Distribution & Network Team in Dallas appeared first on Insurance Journal.

Virginia Task Force to Target Worker Misclassification, Payroll Fraud

Tue, 08/19/2014 - 10:59

Virginia Gov. Terry McAuliffe recently signed an executive order establishing an inter-agency task force that will target worker misclassification and payroll fraud. “Every Virginian who works hard and follows the rules should get the pay and benefits that they deserve,” …

The article Virginia Task Force to Target Worker Misclassification, Payroll Fraud appeared first on Insurance Journal.

InVEST Insurance Education Program Adopted by Chicago High Schools

Tue, 08/19/2014 - 10:56

InVEST, the insurance industry’s classroom to career education program, announced that all Chicago Public School Career and Technical Education (CTE) finance programs will now offer its curriculum to seniors. The program is a key incentive in attracting new talent to …

The article InVEST Insurance Education Program Adopted by Chicago High Schools appeared first on Insurance Journal.

Florida Businesses, Insurers to Fight Ruling Overturning Workers’ Comp System

Tue, 08/19/2014 - 10:46

A Florida circuit court judge has ruled that the state’s workers’ compensation law is unconstitutional because it no longer provides adequate benefits to injured workers giving up their right to sue. Florida 11th Circuit Court Judge Jorge Cueto handed down …

The article Florida Businesses, Insurers to Fight Ruling Overturning Workers’ Comp System appeared first on Insurance Journal.

1994 Full-Size Pickup Most Stolen Vehicle in Ohio Last Year

Tue, 08/19/2014 - 10:43

A new report from a national insurance group has identified the vehicle most targeted by thieves in Ohio last year: a 1994 full-size pickup truck. It was the second straight year that this Chevy truck headed the list from the …

The article 1994 Full-Size Pickup Most Stolen Vehicle in Ohio Last Year appeared first on Insurance Journal.

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