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News – Insurance Journal
FEMA Upholds Decision to Deny Individual Assistance After Illinois Flooding
A federal agency upheld its decision to deny financial assistance to Illinois residents and business owners affected by historic flooding despite granting the state public aid. The Federal Emergency Management Agency’s decision will impact about 1.4 million residents and homeowners …
POSTED NOVEMBER 18, 2019 5:20 PM |
Missouri Police Officer’s $20M Lawsuit Award to Be Mediated
A St. Louis County police officer has agreed to mediation to reach a settlement and avoid court appeals, weeks after a jury awarded him $20 million to resolve his lawsuit alleging he suffered discrimination because he is gay. The St. …
POSTED NOVEMBER 18, 2019 5:18 PM |
Walsh Appointed Marine Underwriter Michigan’s J.M. Wilson
Portage, Michigan-based managing general agency and surplus lines broker, J.M. Wilson, has added Jim Walsh as a marine underwriter. He will be responsible for working with marine carriers and agents for both commercial and personal ocean marine and wet inland …
POSTED NOVEMBER 18, 2019 5:16 PM |
Oklahoma Appeals Court Upholds Class Action Status for Earthquake Lawsuit
The Oklahoma Court of Civil Appeals has upheld the class action designation of a lawsuit against an oil company over damage caused by earthquakes near Prague in November 2011, including one of magnitude 5.7. The court on Friday rejected the …
POSTED NOVEMBER 18, 2019 5:07 PM |
Utah Extends Fire Restrictions in 11 Counties Until December Due to Dry Conditions
Seasonal fire restrictions are being extended in 11 Utah counties by a month due to what officials say are dry conditions and continued problems with controlling wildfires. The state Department of Natural Resources says State Forester Brian Cottam has signed …
POSTED NOVEMBER 18, 2019 4:43 PM |
New Mexico Insurance Commissioner Franchini to Retire
New Mexico’s top insurance regulator is stepping down. The Albuquerque Journal reported that state Superintendent John Franchini has withdrawn his application to serve a third four-year term and instead plans to retire. His term ends Dec. 31. A nine-member state …
POSTED NOVEMBER 18, 2019 4:26 PM |
AM Best Assigns Credit Ratings to North Carolina’s Synergy Insurance Company
AM Best has assigned a financial strength rating of A- (excellent) and a long-term issuer credit rating of “a-” to Synergy Insurance Company based in Charlotte, N.C. The outlook assigned to these credit ratings is stable. The ratings reflect Synergy’s …
POSTED NOVEMBER 18, 2019 4:12 PM |
California’s Fair Plan Balks at State’s ‘Misguided’ Order to Expand Coverage
The insurers behind California’s Fair Plan, the insurance market of last resort for homeowners, think it’s a bad idea to broaden the coverages available from the Fair Plan beyond basic dwelling fire insurance, an expansion being ordered by the state’s …
POSTED NOVEMBER 18, 2019 4:05 PM |
PG&E Warns of Possible Northern California Blackouts at Mid-Week
PG&E Corp. is warning a quarter-million homes and businesses could lose power in northern California starting Wednesday as high winds return to the region. A fire weather watch has been issued by the National Weather Service for parts of northern …
POSTED NOVEMBER 18, 2019 3:59 PM |
After Arbitration, Many Accused Harassers Return to Work
What happens behind the scenes when employees are accused of harassment? New research from Michigan State University revealed that almost half of accused harassers can go back to work when disputes are settled by arbitrators – or third-parties who resolve …
POSTED NOVEMBER 18, 2019 3:38 PM |
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