Insurance Journal

Alera Group Acquires Legacy Risk & Insurance Services in California

Alera Group has acquired Legacy Risk and Insurance Services LLC in California. Legacy Risk is a provider of property/casualty solutions for commercial insurance and private client service offerings. The Legacy Risk team will continue serving clients...

Posted: Dec 04, 2020

California Workers’ Comp Attorney Arrested for $310K Fraud Scheme

Moses Luna, 73, of Newport Beach, Calif., was arrested this week on 20 felony counts of insurance fraud after allegedly billing 20 separate insurance companies for translation and interpreting services to collect over $310,000 in workers’ compensatio...

Posted: Dec 04, 2020

Tennessee Lawmakers Explore Limiting Executive Authority During Health Crises

Tennessee lawmakers who have often been critical of government restrictions to curb COVID-19’s spread are suggesting ways to give themselves the power to limit or overturn emergency orders from the governor during future health crises. Amid the worse...

Posted: Dec 04, 2020

New Aon Cyber Offering Targets High Net Worth Individuals, Executives

Aon plc has expanded its Cyber Secure Select offering to include an enhanced cyber insurance program for high net worth individuals and executives. This new insurance offering in partnership with Aspen Insurance expands on Aon’s Cyber Secure Select,...

Posted: Dec 04, 2020

Texas Couple Sentenced to Prison in $15M Employee Benefit Plan Embezzlement Scheme

A Red Oak, Texas, couple have been sentenced to a combined 18-plus years in federal prison for their roles in a $15 million retirement plan embezzlement scheme, according to U.S. Attorney for the Northern District of Texas Erin Nealy Cox. …

Posted: Dec 04, 2020

CRC Group Acquiring Assets of Louisiana’s Continental Underwriters

CRC Group, a nationwide wholesale distributor of specialty insurance products, has agreed to acquire the assets of Continental Underwriters. Headquartered in Covington, La., Continental provides primary marine, excess marine liabilities, ocean cargo...

Posted: Dec 04, 2020

Farmers in 21 Louisiana Parishes May Qualify for Hurricane Laura Aid

Farmers in 21 north and central Louisiana parishes may qualify for low-interest loans to cover losses from Hurricane Laura in August. These are parishes which did not already qualify under President Donald Trump’s disaster declaration in August. The...

Posted: Dec 04, 2020

Brexit Trade Talks at ‘Very Difficult Point’ as End-of-Year Deadline Looms

LONDON/BRUSSELS – European Union officials said on Friday a post-Brexit trade deal could finally be clinched this weekend, but London insisted that negotiations were still “very difficult” and it was determined to “take back control” from the bloc it...

Posted: Dec 04, 2020

Brexit Trade Talks at ‘Very Difficult Point’ as Clock Ticks to Year-End Deadline

LONDON/BRUSSELS – European Union officials said on Friday a post-Brexit trade deal could finally be clinched this weekend, but London insisted that negotiations were still “very difficult” and it was determined to “take back control” from the bloc it...

Posted: Dec 04, 2020

Millennials, Women ‘Sandwiched’ as COVID-19 Shifts Caregiving Responsibilities

The demographics of the Sandwich Generation – those who care for both their children and aging parents – as well the financial responsibilities they face as a result of COVID-19— are changing. The Sandwich Generation has become increasingly younger,...

Posted: Dec 04, 2020

Homes Destroyed in Multiple Alaska Mudslides

Homes are believed to have been destroyed and at least two people are unaccounted for after multiple mudslides in the Alaska community of Haines on Wednesday, authorities said. The largest slide, about 600 feet wide, hit early Wednesday afternoon and...

Posted: Dec 04, 2020

Justice Department Charges Facebook With Hiring Bias Against U.S. Workers

The U.S. Justice Department accused Facebook Inc. on Thursday of discriminating against U.S. workers, saying in a new lawsuit the social media giant has given hiring preferences to temporary workers, including those who hold H-1B visas. The Justice D...

Posted: Dec 04, 2020

Wind Whip up Wildfire in California Canyons, Residents Flee

Powerful gusts pushed flames from a wildfire through Southern California canyons on Thursday, one of several blazes that burned near homes and forced residents to flee amid elevated fire risk for most of the region that prompted utilities to cut …

Posted: Dec 04, 2020

Wind Whips up Wildfire in California Canyons, Residents Flee

Powerful gusts pushed flames from a wildfire through Southern California canyons on Thursday, one of several blazes that burned near homes and forced residents to flee amid elevated fire risk for most of the region that prompted utilities to cut …

Posted: Dec 04, 2020

Transit Worker Can Be Compensated, Cannot Sue Employer for Assault Injuries

A District of Columbia appeals court held that a Washington Metropolitan Area Transit Authority (WMATA) worker cannot sue his employer after requesting compensation under the Virginia Workers’ Compensation Act for an assault he suffered on the job. A...

Posted: Dec 04, 2020

Many Californians Being Left Without Homeowners Insurance Due to Wildfire Risk

Acquiring home insurance has long been a mundane but necessary chore. In California, for hundreds of thousands of residents, it’s turned into a labyrinthine quest that leaves people with expensive, bare-bones coverage. That’s because an increasing am...

Posted: Dec 04, 2020

SEC Fines Cheesecake Factory for Misleading Disclosures About COVID Financial Impact

The Securities and Exchange Commission said it has settled charges against The Cheesecake Factory Inc. for misleading disclosures about the impact of the COVID-19 pandemic on its business operations and financial condition. The SEC said the action is...

Posted: Dec 04, 2020

World Insurance Associates Acquires Virginia’s Tucker Insurance Service

World Insurance Associates LLC (WIA) has acquired Tucker Insurance Service Inc. of Falls Church, Va., on November 1, 2020. Terms of the transaction were not disclosed. Tucker was established in 1961. It is a full-service insurance agency committed to...

Posted: Dec 04, 2020

Arthur J. Gallagher & Co. Acquires North Star Insurance Services, North Star Marine

Arthur J. Gallagher & Co. has acquired Seattle-based North Star Insurance Services LLC and Fairhaven, Mass.-based North Star Marine Insurance Services LLC. Terms of the transaction were not disclosed. Founded in 2001, North Star Insurance Services is...

Posted: Dec 04, 2020

Car-Sharing Firm Turo Plans Partial Return to New York After 7-Year Insurance Dispute

Car-sharing startup Turo Inc. is returning to New York, seven years after leaving the state that was once its biggest market over a dispute with regulators about insurance rules. Turo, which allows vehicle owners to put their personal cars up …

Posted: Dec 04, 2020

Victor Insurance Appoints Former RSA Executive Turner as International Head of Marine

Victor Insurance, the world’s largest managing general underwriter (MGU), announced the appointment of Richard Turner as international head of Marine, effective immediately. In this newly created role, Turner will be responsible for driving Victor’s...

Posted: Dec 04, 2020

Momentum Is Building for Pre-Flight COVID-19 Airport Testing

Even as the race to approve and distribute COVID-19 vaccines is entering its final stretch, parts of the travel industry are sprinting to a different finish line: airport testing. In hubs large and small, from JFK to Boston to Frankfurt, …

Posted: Dec 04, 2020

Germany Extends $37B Backstop for Credit Insurers to Keep Pandemic Trade Flowing

Germany agreed to extend a backstop for commercial credit insurers by six months to keep trade flowing and prevent bankruptcies as the economy is hit by a second wave of the coronavirus pandemic. Under the deal, which still requires a …

Posted: Dec 04, 2020

Central American Storms in 2020 Preview What’s Ahead with Climate Change: Experts

HAVANA/GUATEMALA CITY – Villagers in Guatemala’s Mayan hillside hamlet Sanimtaca had been about to harvest their cardamom crops that take three years to grow when waves of floodwater triggered by two tropical storms last month washed them away. Now t...

Posted: Dec 04, 2020

Cyclone Burevi Weakens After Bringing Heavy Rain to Southern India

CHENNAI – A cyclone that brought heavy rain to parts of southern India and neighboring Sri Lanka has weakened into a “practically stationary” deep depression, India’s weather office said on Friday. It was not immediately clear how much damage the …

Posted: Dec 04, 2020