Insurance

Berkshire Hathaway’s Vice Chairmen Jain, Abel Each Made $18 Million in 2018

Insurance Journal - Mon, 03/18/2019 - 4:17am
Berkshire Hathaway Inc on Friday said its newest vice chairmen, Greg Abel and Ajit Jain, were each awarded about $18 million last year, in the first detailed look at the pay of the men considered the leading candidates to succeed …
Categories: Insurance

How Laws Will Tell Humans From Robots Is No Joke: Viewpoint

Insurance Journal - Mon, 03/18/2019 - 12:00am
There’s a lot of loose talk about convergence between people and robots. As some see it, the rise of artificial intelligence will make humans obsolete — or at least force people to think more like machines. Whether this prophecy should …
Categories: Insurance

TriSure Corp. of North Carolina Acquired by Alera Group

Insurance Journal - Sun, 03/17/2019 - 11:56pm
TriSure Corporation has been acquired by Alera Group, a national insurance firm, effective March 1, 2019. Terms of the transaction were not announced. With over 1,500 employees in more than 70 locations across the nation, Alera Group offers employee benefits, …
Categories: Insurance

Blankenship Files $12B Suit Against Media Over Failed W. Virginia Senate Bid

Insurance Journal - Sun, 03/17/2019 - 11:45pm
Former coal baron Don Blankenship is suing several news outlets and media personalities, claiming he was defamed during his failed bid for a U.S. senate seat in West Virginia. Blankenship’s suit was filed Thursday in Mingo County, West Virginia. It …
Categories: Insurance

Alabama Tornadoes Caused Nearly $6M in Timber Losses

Insurance Journal - Sun, 03/17/2019 - 11:20pm
The Alabama Forestry Commission estimates timber losses caused by deadly tornadoes on March 3 at nearly $5.9 million. That’s almost $1,000 per acre of timberland damaged by two or three tornadoes in Macon, Lee and Barbour counties. A report posted …
Categories: Insurance

West Virginia Pipeline Firm Ordered to Pay $3.7M in Overtime Violations

Insurance Journal - Sun, 03/17/2019 - 11:13pm
A natural gas pipeline construction management company has been ordered to pay $3.7 million in back wages and damages to safety inspectors for failing to pay overtime wages. The U.S. Labor Department says in a news release Team Environmental LLC …
Categories: Insurance

More Tornadoes Hit Southeast, Cause Damage in Kentucky, Alabama

Insurance Journal - Sun, 03/17/2019 - 11:04pm
The National Weather Service has confirmed at least six tornados hit Alabama on Thursday. The National Weather Service in Birmingham on Saturday posted ongoing damage survey reports. The number of confirmed tornados could increase as survey crews finish reviewing suspected …
Categories: Insurance

Online Flood Insurer Neptune Expands Coverage to 6 New States

Insurance Journal - Fri, 03/15/2019 - 11:59am
Neptune Flood, an all-digital online flood insurance company, has expanded its coverage to residents of Missouri, Colorado, New Hampshire, Rhode Island, West Virginia, and Indiana – bringing the total number of states with access to its flood protection to 27. …
Categories: Insurance

Florida Lawmakers Repeal Ban on Smokable Medical Marijuana

Insurance Journal - Fri, 03/15/2019 - 11:55am
The Florida Legislature met Republican Gov. Ron DeSantis’ deadline to hand him a bill to repeal the state’s ban on smokable medical marijuana when the House passed the legislation Wednesday. While lawmakers aren’t necessarily in favor of allowing medical marijuana …
Categories: Insurance

FEMA to Review Flood Damage in 54 Tennessee Counties

Insurance Journal - Fri, 03/15/2019 - 11:41am
Federal Emergency Management Agency officials are scheduled to conduct preliminary damage assessments in 54 Tennessee counties affected by flooding caused by a deluge in February. The Tennessee Emergency Management Agency says four weather-related deaths have been recorded after heavy rainfall …
Categories: Insurance

New Forms, Rate Hikes Likely in 2019 Texas Homeowners Insurance Market

Insurance Journal - Fri, 03/15/2019 - 11:36am
Texas independent insurance agents might want to warn their homeowner insurance customers that premium hikes and/or increases in deductibles could be on the horizon this year. Homeowners insurers have been filing for rate increases in the state over the past …
Categories: Insurance

Oklahoma High Court Rejects Immediate Delay of Opioid Trial, Sets Hearing Date

Insurance Journal - Fri, 03/15/2019 - 11:28am
The Oklahoma Supreme Court has rejected a request by drugmakers to immediately postpone the start of what is expected to be the first state trial in lawsuits accusing the companies of fueling an opioid epidemic. The court instead set a …
Categories: Insurance

Critics Say North Dakota Dioceses Too Slow in Naming Problem Priests

Insurance Journal - Fri, 03/15/2019 - 11:19am
North Dakota’s Roman Catholic dioceses are mulling whether and when to release information about priests accused of sexual abuse, even as critics say they are moving too slowly following explosive revelations in Pennsylvania last year. The Bismarck Diocese, the state’s …
Categories: Insurance

Ohio Hospital Reports 48 Nurses, Pharmacists Over Dosages, Deaths

Insurance Journal - Fri, 03/15/2019 - 11:16am
The Ohio hospital system where an intensive-care doctor is accused of ordering painkiller overdoses for dozens of patients has put more employees on leave and changed key leaders at the hospital where nearly all those deaths occurred. Mount Carmel Health …
Categories: Insurance

Workers Sue UPS, Alleging Racism, Discrimination at Ohio Hub

Insurance Journal - Fri, 03/15/2019 - 11:15am
UPS workers at a distribution hub in Ohio have sued the company, alleging discriminatory hiring decisions and a series of racist acts, including a noose and Confederate flags in the workplace. White employees in 2016 directed racist language at black …
Categories: Insurance

California Jury Awards $29M in J&J Baby Powder Cancer Case

Insurance Journal - Fri, 03/15/2019 - 10:11am
Johnson & Johnson must pay $29 million to a woman who claimed its baby powder gave her terminal cancer, a California jury ruled Wednesday. A Superior Court jury in Oakland found the world’s largest health care company mainly liable for …
Categories: Insurance

Students from University of Southern California, Other Schools File Admissions-Scandal Class Action

Insurance Journal - Fri, 03/15/2019 - 10:08am
The University of Southern California, Yale University, the University of California Los Angeles and other colleges were sued by two Stanford University students seeking class status over the admissions-bribery scandal that broke Tuesday with charges against 50 parents, coaches, proctors …
Categories: Insurance

Topa in California Names Griffard Director of Financial Planning And Analysis

Insurance Journal - Fri, 03/15/2019 - 9:57am
Topa Insurance Co. in Calabasas, Calif., has named Geoffrey Griffard director of financial planning and analysis. He has more than 10 years of experience in financial planning, including serving as a manager of financial planning and analysis at Mercury Insurance. …
Categories: Insurance

Hanson Insurance Group Acquires Assets of KMI Insurance in Oregon

Insurance Journal - Fri, 03/15/2019 - 9:48am
Hanson Insurance Group of Corvallis has acquired KMI Insurance LLC of McMinnville, Ore. KMI will be merging into the Hanson Insurance Group name. Kelly McDonald of KMI Insurance will continue to serve as an advisor to his clients. KMI Insurance …
Categories: Insurance

SEC Sues VW, Ex-CEO over Diesel Emissions Scandal, Alleging Massive Investor Fraud

Insurance Journal - Fri, 03/15/2019 - 9:26am
The U.S. Securities and Exchange Commission (SEC) is suing Volkswagen (VW) and its former chief executive Martin Winterkorn over the German automaker’s diesel emissions scandal, alleging a “massive fraud” on U.S. investors. VW was caught using illegal software to cheat …
Categories: Insurance