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News – Insurance Journal
Justice Department Set to Unveil Plan to Limit Internet Firms’ Liability Protections
The U.S. Justice Department will unveil later on Wednesday a proposal that seeks to limit legal protections for internet platforms on managing content, a person briefed on the matter confirmed. The proposal, which takes aim at Facebook Inc., Twitter Inc. …
POSTED SEPTEMBER 23, 2020 1:43 PM |
House Votes to Extend Flood Insurance Program 1 Year; Senate Yet to Vote
The House of Representatives yesterday extended the National Flood Insurance Program until Sept. 30, 2021 as part of a measure to fund the federal government through December 11. The flood insurance program is currently set to expire in a week …
POSTED SEPTEMBER 23, 2020 12:39 PM |
MMG Insurance Company Hires McPherson as Senior Vice President of Operations
MMG Insurance Company has hired David McPherson as senior vice president of operations, effective September 1, 2020. McPherson will work closely with Matt McHatten, current executive vice president and chief operating officer, to transition into his role. This new position …
POSTED SEPTEMBER 23, 2020 12:36 PM |
The Hilb Group Acquires Connecticut’s Ganim Group
The Hilb Group LLC (THG) has acquired Connecticut-based Ganim Group Inc. (Ganim Benefits) from Ganim Financial Inc. The transaction became effective on September 1, 2020. The Ganim Benefits team, including Valerie Koch, will join THG of New England and continue …
POSTED SEPTEMBER 23, 2020 12:29 PM |
Small Plane Crash Lands on Street in Pennsylvania, Two Injured
A small plane traveling from Vermont crash landed on a residential street in Pennsylvania, injuring the pilot and a passenger. The single-engine aircraft was trying to land at Wilkes-Barre/Scranton International Airport on Sunday night when the pilot apparently had engine …
POSTED SEPTEMBER 23, 2020 12:23 PM |
Citing U.S. Sanctions, Insurers Won’t Cover Ships For Russia, Turkey Pipelines Projects
The world’s largest group of shipping insurers will not insure vessels involved in the Russian-led Nord Stream 2 and TurkStream gas pipeline projects because of the threat of U.S. sanctions. Associations belonging to the International Group of P&I Clubs, including …
POSTED SEPTEMBER 23, 2020 11:47 AM |
Florida OKs Emergency Adjusters, Brings In Fraud Strike Teams for Sally Recovery
The Florida Department of Financial Services has deployed its Disaster Fraud Action Strike Team (DFAST) to the Florida Panhandle, as well as activated the state’s emergency adjuster license system to assist with recovery efforts from Hurricane Sally. According to a …
POSTED SEPTEMBER 23, 2020 7:15 AM |
Insurer Impact from Sally Expected to be Moderate; Losses Estimated at $1B to $3B
Insured losses from Hurricane Sally could reach as much as $3 billion, according to catastrophe modelers, but ratings agency Moody’s expects a moderate impact on property & casualty insurers and reinsurers. “Because Sally appears to be primarily a flood event, …
POSTED SEPTEMBER 23, 2020 6:53 AM |
Texas’ Blue Bell Creameries to Pay $17.25M in Penalties for Listeria Contamination
Texas-based Blue Bell Creameries L.P. has been ordered to pay $17.25 million in criminal penalties for shipments of contaminated ice cream products linked to a 2015 listeriosis outbreak, according to the U.S. Justice Department/ Blue Bell pleaded guilty in May …
POSTED SEPTEMBER 23, 2020 6:30 AM |
Independent Brokers Will Remain Competitive by Adding Value to the Value Chain
The COVID-19 crisis has highlighted the need for brokers to add value to the insurance transaction, according to Toby Esser, chairman of AFL Insurance Brokers, a London-based independent broker. Indeed, Esser said, the COVID-19-related coverage disputes involving business interruption pandemic …
POSTED SEPTEMBER 23, 2020 6:00 AM |
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