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Updated: 1 hour 17 min ago

Boston Emerging as Unlikely Battleground for Web-Based Businesses

Wed, 10/01/2014 - 21:08

A renowned technology hub that is home to some of the country’s top universities, Boston is emerging as an unlikely battleground for web-based businesses like Airbnb and Uber, with some saying more regulations are needed to prevent the upstarts from …

The article Boston Emerging as Unlikely Battleground for Web-Based Businesses appeared first on Insurance Journal.

Northeast National Brokerage Offers Underwriting Facility for Petro Industry

Wed, 10/01/2014 - 20:29

Wholesale broker Northeast National Brokerage LLC has launched an underwriting facility, registered at Lloyd’s, that specializes in excess liability for the petroleum distribution industry. Available across the continental United States, the program offers $5 million in capacity for both lead …

The article Northeast National Brokerage Offers Underwriting Facility for Petro Industry appeared first on Insurance Journal.

Fed Counsel Grilled on AIG’s Bailout Terms vs. Banks’

Wed, 10/01/2014 - 19:57

The Federal Reserve Board of Governors set an interest rate for American International Group Inc.’s 2008 bailout loan that was meant to prevent shareholders from reaping a “windfall,” the Fed’s top lawyer testified. With bankruptcy as AIG’s only alternative, a …

The article Fed Counsel Grilled on AIG’s Bailout Terms vs. Banks’ appeared first on Insurance Journal.

Goldman, JPMorgan CEOs Pursued Private Rescue for AIG

Wed, 10/01/2014 - 19:46

The heads of Goldman Sachs Group Inc. and JPMorgan Chase & Co. told federal regulators days ahead of the 2008 government bailout of American International Group Inc. that they were putting together a private rescue of the insurance giant, a …

The article Goldman, JPMorgan CEOs Pursued Private Rescue for AIG appeared first on Insurance Journal.

Institutional Officer Nabbed In $60,000 in California Workers’ Comp Fraud Case

Wed, 10/01/2014 - 17:19

James Levice Davis Junious, 33, was arrested for allegedly collecting more than $60,000 in workers’ compensation benefits he was not entitled to receive. Junious was charged with five felony counts including insurance fraud and grand theft. In November 2012, Junious …

The article Institutional Officer Nabbed In $60,000 in California Workers’ Comp Fraud Case appeared first on Insurance Journal.

Stone Creek in California Brings on Pickens and Lazar

Wed, 10/01/2014 - 11:35

Stone Creek Insurance Agency in Lafayette, Calif. has hired Mia Pickens and George Lazar to help increase personal lines revenue and service. Pickens will serve as the personal lines account manager. Her main role will be to re-quote and maintain …

The article Stone Creek in California Brings on Pickens and Lazar appeared first on Insurance Journal.

D.C. Council Weighs Giving Bicyclists More Rights

Wed, 10/01/2014 - 11:00

The D.C. Council is considering changing a law to give bicyclists a better chance to recoup medical costs after collisions with cars. A District liability law currently requires accidents to be 100 percent the driver’s fault for a bicyclist to …

The article D.C. Council Weighs Giving Bicyclists More Rights appeared first on Insurance Journal.

Driscol, Casey Join HNI as Account Managers in Michigan

Wed, 10/01/2014 - 11:00

New Berlin, Wis.-based independent insurance broker, HNI, announced the addition of Heidi Driscol and Sean Casey as account managers in the company’s Grand Rapids, Mich., office. As account managers, Driscol and Casey are day-to-day contacts for HNI clients. Source: HNI

The article Driscol, Casey Join HNI as Account Managers in Michigan appeared first on Insurance Journal.

Penn National Appoints Brandon as Executive VP, COO

Wed, 10/01/2014 - 10:58

Penn National Insurance in Harrisburg, Pennsylvania, announced that Robert Brandon has been named executive vice president and chief operating officer, responsible for the insurance operations of the company. Brandon’s promotion becomes effective Dec. 31., when Christine Sears, executive vice president …

The article Penn National Appoints Brandon as Executive VP, COO appeared first on Insurance Journal.

Recovery Starts After Fire Destroys Part of Downtown Rock Island, Illinois

Wed, 10/01/2014 - 10:52

Rock Island residents have started the recovery process after a weekend fire ripped through the heart of downtown, destroying or damaging eight buildings in the western Illinois city. Tattoo shop owner Dan Bonowski said he’ll absolutely be back in business. …

The article Recovery Starts After Fire Destroys Part of Downtown Rock Island, Illinois appeared first on Insurance Journal.

Fire Causes $1M Damage to Oklahoma City Office Complex

Wed, 10/01/2014 - 10:48

Authorities say an overnight fire has caused about $1 million in damage to a northwest Oklahoma City office complex. The blaze broke out early on Sept. 29 at the Wilshire Gardens Office Park. Firefighters battled the blaze for about an hour, …

The article Fire Causes $1M Damage to Oklahoma City Office Complex appeared first on Insurance Journal.

Uber Expanding Rideshare Service in Chicago

Wed, 10/01/2014 - 10:44

Officials say ridesharing company Uber will create 420 jobs in the next two years in a major expansion of its Chicago regional headquarters. Gov. Pat Quinn joined in the announcement on Sept. 29. The Democrat says his veto action last …

The article Uber Expanding Rideshare Service in Chicago appeared first on Insurance Journal.

Cause of Oklahoma Truck-Bus Crash Still a Mystery

Wed, 10/01/2014 - 10:39

The softball coach who was driving a team bus smashed into by an errant truck did everything he could to save four players who died in the accident, a relative said, even as investigators tried to solve the mystery of …

The article Cause of Oklahoma Truck-Bus Crash Still a Mystery appeared first on Insurance Journal.

Texas Windstorm Insurer Says Finances Are Shaping Up

Wed, 10/01/2014 - 10:35

Texas Windstorm Insurance Association (TWIA) announced it has successfully obtained $500 million in funds to assist in paying future catastrophic claims and that the association is now in its best financial position since Hurricane Ike in 2008. The funds come from …

The article Texas Windstorm Insurer Says Finances Are Shaping Up appeared first on Insurance Journal.

NYC Cracking Down on Unsafe Taxi Drivers as Part of ‘Vision Zero’ Campaign

Wed, 10/01/2014 - 10:30

New York City is cracking down on unsafe taxi drivers. The Taxi and Limousine Commission issued 5,000 safety-related summonses so far this year. That’s a 95 percent increase from last year. The New York Post reports that the jump came …

The article NYC Cracking Down on Unsafe Taxi Drivers as Part of ‘Vision Zero’ Campaign appeared first on Insurance Journal.

Missouri Insurance Regulators Help Recover $7.4M for Consumers

Wed, 10/01/2014 - 10:23

The Missouri Department of Insurance announced it helped consumers who filed a complaint against their insurance company receive an additional $7.4 million in claim payments in the first half of 2014. Health insurance topped the list of complaints. The department …

The article Missouri Insurance Regulators Help Recover $7.4M for Consumers appeared first on Insurance Journal.

Case Of Utah Boy Who Killed Himself Gets Settled

Wed, 10/01/2014 - 09:41

The family of a 14-year-old Utah boy who say their son was bullied prior to committing suicide outside a school in a Salt Lake City suburb has reached a settlement with the school district, the two sides announced Monday. The …

The article Case Of Utah Boy Who Killed Himself Gets Settled appeared first on Insurance Journal.

Jury in Colorado Awards $2.5M In Hit-And-Run Case

Wed, 10/01/2014 - 09:38

A Denver jury has determined a 29-year-old Colorado man was at fault in a fatal hit-and-run crash and has awarded the victim’s family $2.5 million. The Denver Post reported  the jury determined last week that Daniel Kliem was at fault …

The article Jury in Colorado Awards $2.5M In Hit-And-Run Case appeared first on Insurance Journal.

Colorado Mother And Son Convicted Of Arson Insurance Scam

Wed, 10/01/2014 - 09:36

A Fort Collins, Colo. mother and son have been sentenced to prison for setting their home on fire with hopes of collecting an insurance payout. The Coloradoan reported that 53-year-old Kellie Lawson-Welborne and 34-year-old Christopher Welborne pleaded guilty in July …

The article Colorado Mother And Son Convicted Of Arson Insurance Scam appeared first on Insurance Journal.

Marijuana Insurance Industry: How High Can It Go?

Wed, 10/01/2014 - 09:06

Editor’s Note: This is the first in a series of articles on the the marijuana insurance industry to appear on InsuranceJournal.com. Upcoming stories will include reports on how medical marijuana could affect the workers’ compensation market, potential changes to federal …

The article Marijuana Insurance Industry: How High Can It Go? appeared first on Insurance Journal.

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