Insurance Journal

Man Charged With Blowing up PG&E Transformers in California

A 36-year-old man has been charged with blowing up two Pacific Gas & Electric transformers, causing blasts that knocked out power to thousands of utility customers in the San Francisco Bay Area. Peter Karasev’s was arrested last week after...

Posted: Mar 07, 2023

Florida Man Paralyzed When Shot by Officer Who Mistook Gun for Taser Sues City, Police

A Florida man left paralyzed when a police officer shot him after mistaking his handgun for his stun gun filed a lawsuit last week against the city, the officer and others, saying, “my life got destroyed.” Michael Ortiz is seeking …

Posted: Mar 07, 2023

Amwins Program Underwriters’ Architects & Engineers Program Expands Appetite

Now accepting accounts that generate $100K-$30M in annual revenue. Charlotte, NC., March 6, 2023 — Amwins Program Underwriters (APU), an operating company within the Amwins Underwriting division, offers a dedicated Architects & Engineers (A&E...

Posted: Mar 06, 2023

Consumer Group Pushing ‘Junk/Hidden Fees’ Bill Package in California

A group of California lawmakers along with the Consumer Federation of California is pushing a six-bill “junk/hidden fees package” that proponents say will protect consumers from deceptive pricing and add-on fees in a wide range of industr...

Posted: Mar 06, 2023

Norfolk Plans to Add More Detectors to Catch Overheated Bearings

Norfolk Southern Corp. on Monday said it plans to add about 200 detectors to its tracks that will help identify overheated bearings as the railroad operator came under fire after a derailment in Ohio spewed toxins into the air and …

Posted: Mar 06, 2023

Louisiana Commissioner Giving Incentive to Insurers Taking UPC Policies

Louisiana Commissioner Jim Donelon is notifying property/casualty insurers that they will receive credit toward the Insure Louisiana Incentive Program’s grant requirements for assuming United Property & Casualty Insurance Co. policies befor...

Posted: Mar 06, 2023

States Must Include Cybersecurity in Water System Audits, EPA Says

The Environmental Protection Agency issued a memorandum on Friday requiring states to analyze cyber defenses at public water systems during periodic audits. The audits, called sanitary surveys, are already required by the EPA to detect harmful chemic...

Posted: Mar 06, 2023

Texas Anti-ESG Push Is Coming for Insurers and Pensions in New Bills

A Texas lawmaker is seeking to broaden the fight against ESG (environmental social governance) policies by imposing further limits on the types of investments state pension managers can make and restricting shareholder proposals that would dictate in...

Posted: Mar 06, 2023

Tesla Recalls 3,470 Model Y Vehicles Over Loose Bolts

Tesla Inc TSLA.O said it is recalling 3,470 2022 through 2023 Model Y vehicles in the United States because bolts securing the second-row seatback frames may not have been securely tightened, according to a filing made public Saturday. The National &...

Posted: Mar 06, 2023

Former NFL Player Indicted in Texas Following DOI Investigation

Former NFL player Corey Bradford pleaded guilty to submitting fraudulent health reimbursement claims after an investigation by the Texas Department of Insurance Fraud Unit. The TDI investigation late last month found that Bradford submitted claims to...

Posted: Mar 06, 2023

United Insurance Holdings Moves Forward to Specialty Commercial Lines: CEO

United Insurance Holdings Corp. Corp. said it will move on to focus on specialty commercial lines business following news last month that its subsidiary United P&C Insurance Company (UPC) being was placed in receivership. During a short conferenc...

Posted: Mar 06, 2023

United Insurance Holdings Moves Forward With Specialty Commercial Business: CEO

United Insurance Holdings Corp. Corp. said it will move on to focus on specialty commercial lines business following news last month that its subsidiary United P&C Insurance Company (UPC) being was placed in receivership. During a short conferenc...

Posted: Mar 06, 2023

Man Cleared by DNA Evidence in Ohio Rape Case Gets $4M Settlement

A man who spent more than 16 years in prison for a rape that DNA evidence showed he did not commit has reached a $4 million wrongful imprisonment settlement. The agreement between Christopher Miller and Cleveland Heights was made public …

Posted: Mar 06, 2023

Wisconsin Substance Center Owes $2M in Fraud Case

A federal judge has ruled that a now-shuttered Wisconsin substance abuse center and its CEO owe the state and federal government more than $2 million in a Medicaid fraud case. Online court records show U.S. District Judge J.P. Stadtmueller ruled &#82...

Posted: Mar 06, 2023

Wisconsin Substance Center Owes $2 M in Fraud Case

A federal judge has ruled that a now-shuttered Wisconsin substance abuse center and its CEO owe the state and federal government more than $2 million in a Medicaid fraud case. Online court records show U.S. District Judge J.P. Stadtmueller ruled &#82...

Posted: Mar 06, 2023

Cannabis Vote Has Oklahoma Hungry to Rake in Green From Texas

Tens of thousands of Texans from the bustling Dallas-Fort Worth area routinely drive across the Red River to gamble in glitzy, Las Vegas- style tribal casinos or to relax at cabins or swim and ski in lakes that dot southern …

Posted: Mar 06, 2023

Half of California Freed From Drought Thanks to Rain, Snow

Tremendous rains and snowfall since late last year have freed half of California from drought, but low groundwater levels remain a persistent problem, U.S. Drought Monitor data showed. The latest survey found that moderate or severe drought covers ab...

Posted: Mar 06, 2023

Hub Acquires Assets of Glacier Insurance in Montana

Hub International Ltd. acquired the assets of Glacier Insurance of Libby Inc. in Montana. Kevin Peck and Kim Peck, Owners, and the Glacier Insurance of Libby team will join Hub Mountain. Glacier Insurance is an independent agency providing commercial...

Posted: Mar 06, 2023

Driver Killed, Homes Burned in Fiery Tanker Truck Crash in Maryland

A tanker truck hauling a flammable liquid crashed on a Maryland highway Saturday and caught fire, killing the driver and damaging several homes and vehicles, authorities said. The truck crashed around noon on U.S. 15 in Frederick, about an hour&#8217...

Posted: Mar 06, 2023

West Virginia House Backs Cap on Workers’ Damages in Deliberate Intent Cases

Republicans in the West Virginia House passed a bill last week that would cap some of the damages workers and their families can receive if their employer deliberately puts them in harm’s way on the job. The 52-45 vote was …

Posted: Mar 06, 2023

People Moves: Aon Names Mgoqi as CEO for South Africa; Tokio Marine Kiln Appoints AIG’s Green to Hea...

This edition of International People Moves details appointments at Aon and Tokio Marine Kiln. A summary of these new hires follows here. Aon Names Mgoqi as CEO for South Africa Aon plc, a leading global professional services firm, has named …

Posted: Mar 06, 2023

Arthur J. Gallagher & Co. Acquires UK’s Bay Risk Services Ltd.

Arthur J. Gallagher & Co. announced its reinsurance division Gallagher Re has acquired the business and assets of UK-based Bay Risk Services Ltd., a member of the Optio Group. Terms of the transaction were not disclosed. Founded in 2016 as &#8230...

Posted: Mar 06, 2023

Ariel Re Raises $270M of Capital to Support Growth Opportunities

Ariel Re, a global reinsurance business with offices in Bermuda, London and Hong Kong, has announced it has secured $270 million of capital from five new institutional and family office investors to support exciting growth opportunities in 2023. Arie...

Posted: Mar 06, 2023

Ford Taps Vehicle Data to Attract Customers in Commercial Van Market

Ford Motor Co.’s push to use reams of data generated by its vans and trucks – from engines to oil filters or brake pads – to attract more customers in the European and U.S. commercial vehicle market plays out on …

Posted: Mar 06, 2023

Before Fatal Quake Collapse, Turkish Building Skirted Code Thanks to Erdogan Policy

MALATYA, Turkey (Reuters) — The Trend Garden Residence, an upscale serviced apartment building in the Turkish city of Malatya, boasted a gym, freshly-furnished rooms and a roof-top cafeteria. But when a powerful earthquake jolted the city in th...

Posted: Mar 06, 2023