Insurance Journal

Oklahoma Court: Progressive’s Uninsured Motorist Exclusion Not Lawful

Oklahoma’s highest court recently found that an insurer’s uninsured motorist exclusion violates state law. The Oklahoma Supreme Court came to that conclusion in answering a certified question from the U.S. Court of Appeals for the Tenth C...

Posted: Jul 30, 2021

Texas Doctor Convicted of Workers’ Comp Fraud, Drug Crimes

A North Texas doctor will pay $376,368 in restitution after pleading guilty to mail fraud conspiracy in federal court, the Texas Department of Insurance, Division of Workers’ Compensation reported. Clinton Battle M.D. of Arlington pleaded guilt...

Posted: Jul 30, 2021

Family of Boy Thrown From Balcony Sues Minnesota’s Mall of America

The family of a boy who was thrown off a third-floor balcony at the Mall of America in April 2019 has filed a lawsuit accusing the mall of failing to provide proper security. The complaint filed says the mall and …

Posted: Jul 30, 2021

New Mexico Public Defender’s Office Settles Harassment Claims for $345K

Two lawsuits accusing an investigator in the state public defender’s office of sexual harassment have been settled. The Law Offices of the Public Defender agreed to pay $345,000 to resolve the lawsuits filed in 2019, the Albuquerque Journal rep...

Posted: Jul 30, 2021

Arthur J. Gallagher & Co. Acquires R.J. Riordan & Co. in Illinois

Arthur J. Gallagher & Co. acquired Oakbrook, Illinois-based R.J. Riordan & Co. R.J. Riordan & Co. is a retail property/casualty broker offering a full range of insurance products and services to clients across the Chicago region. It speci...

Posted: Jul 30, 2021

Alaska Quake Triggers Prolonged Shaking, Small Tsunami

A powerful earthquake which struck just off Alaska’s southern coast caused prolonged shaking and prompted tsunami warnings that sent people scrambling for shelters. Residents reported only minor damage, but officials said that could change afte...

Posted: Jul 30, 2021

Severe Weather Causes Widespread Damage in Wisconsin

Strong thunderstorms caused widespread damage across Wisconsin, left tens of thousands without power and triggered tornado warnings. The severe weather stretched from the Mississippi River to Lake Michigan and began in the evening on July 28 in north...

Posted: Jul 30, 2021

Monsanto Told to Pay Washington Teachers $185M Over PCB Exposure

Three schoolteachers in Washington state who sued chemical company Monsanto over exposure to materials in fluorescent lights have been awarded $185 million. The law firm that represented the teachers, Friedman Rubin, said a jury returned the verdict...

Posted: Jul 30, 2021

Reinsurers Show Strong Profits During 2nd Half, Rebounding from 2020’s Challenges

The first half financial results, reported by a group of six reinsurers over the past week, generally show a strong return to profits after last year’s challenging market conditions. A wrap-up of these H1 results follows for Swiss Re, Everest &...

Posted: Jul 30, 2021

Delaware Farm Receives Violation for Damaged Pipeline, Wastewater Spill

Delaware environmental officials have issued a notice of violation to Mountaire Farms in Millsboro after a contractor damaged a pipeline and treated wastewater spilled into Swan Creek. The notice from the Department of Natural Resources and Environme...

Posted: Jul 30, 2021

DFS Issues New Report on Insurers’ Management of Climate Change Risks

The New York State Department of Financial Services (DFS) has issued a report analyzing New York domestic insurers’ management of the financial risks from climate change based on their 2020 responses to the National Association of Insurance Com...

Posted: Jul 30, 2021

Gun Maker Offers $33M to Settle Suit by Sandy Hook Families

The maker of the rifle used in the Sandy Hook Elementary School shooting has offered some of the victims’ families nearly $33 million to settle their lawsuit over how the company marketed the firearm to the public. Lawyers for now-bankrupt &#82...

Posted: Jul 30, 2021

Bayer Books Additional $4.5 Billion for Roundup Litigation

Bayer said on Thursday it would book an additional provision of $4.5 billion related to litigation which alleges that its weedkiller Roundup can cause cancer. Bayer made the announcement in an update to investors on how it plans to deal …

Posted: Jul 30, 2021

‘Real Time’ Cyber Risk Specialist At-Bay Pulls In $185M as Antidote to Insurance Spiral

At-Bay pulled in a whopping $185 million in new financing that the cyber insurance startup plans to use for new product development, expansion into new markets and hiring more employees. Including the new round, the managing general underwriter said...

Posted: Jul 30, 2021

Cyber Criminals Target Remote Workers and ‘Critical Infrastructure to Corner Stores’

The share of policyholders who filed a cyberattack claim jumped by 50% from the first half of 2000 compared to the first half of 2001, according to a new report by cyber insurer Coalition. An increasing number of attacks were …

Posted: Jul 30, 2021

85% of Flight Attendants Report Incidents With Unruly Passengers

Incidents with unruly passengers have become an everyday occurrence for flight attendants. A national survey of nearly 5,000 flight attendants found that more than 85 percent of all respondents had dealt with unruly passengers as air travel picked up...

Posted: Jul 30, 2021

CDC Describes Delta Variant as Highly Contagious – Report

The U.S. Centers for Disease Control and Prevention (CDC) has described the Delta variant of the coronavirus as being as transmissible as chickenpox and cautioned it could cause severe disease, the Washington Post said, citing an internal CDC documen...

Posted: Jul 30, 2021

UK’s Managing General Agents’ Association (MGAA) Expands to Republic of Ireland

The UK’s Managing General Agents’ Association (MGAA) has expanded its membership into the Republic of Ireland (ROI) following an initiative driven by Chief Executive Mike Keating. The move to enable MGAs, insurers and suppliers to join th...

Posted: Jul 30, 2021

Occam Underwriting Promotes Fisher to CEO; Succeeding Gibbins Who Becomes Chair

Occam Underwriting, the specialist lines-focused managing general agent, has announced the promotion of Chief Financial Officer Mark Fisher to chief executive officer, subject to regulatory approval. The previous CEO, Lance Gibbins, will continue to...

Posted: Jul 30, 2021

Occam Underwriting Promotes Fisher to CEO, Succeeding Gibbins Who Becomes Chair

Occam Underwriting, the specialist lines-focused managing general agent, has announced the promotion of Chief Financial Officer Mark Fisher to chief executive officer, subject to regulatory approval. The previous CEO, Lance Gibbins, will continue to...

Posted: Jul 30, 2021

‘Talent War’ Forces Companies Across Globe to Pay Higher Salaries to Woo Workers

The COVID-19 pandemic has worsened a shortage of white-collar workers in many countries, forcing companies to pay higher salaries to woo talent, a top London-based recruiter said on Tuesday [July 27]. Robert Walters – which specializes in the l...

Posted: Jul 30, 2021

Feds Sue North Carolina County Over Firing of 911 Operator Who Reported Sexual Harassment

A North Carolina county’s emergency communications unit engaged in unlawful retaliation when it terminated a worker after she told supervisors that she had been sexually harassed while on the job, according to a lawsuit filed by the U.S. Depart...

Posted: Jul 30, 2021

Global Warming Could Kill 83 Million People by Turn of Next Century: Study

A population equivalent to that of Germany — 83 million people — could be killed by 2100 because of rising temperatures caused by greenhouse-gas emissions, according to a new study that might influence how markets price carbon pollution. The research...

Posted: Jul 30, 2021

Mississippi ICU Capacity ‘Extinguished’ by Latest COVID Spike

Mississippi’s top public health official said that intensive care units are filling up in some hospitals and COVID-19 outbreaks are expanding in nursing homes as the delta variant of the virus continues to spread rapidly. “We are seeing m...

Posted: Jul 30, 2021

Ireland to Introduce Laws to Make Insurers, Bankers Accountable for Corporate Failings

DUBLIN – Ireland will introduce long-anticipated laws to make senior bankers and executives in other financial sectors directly accountable for failings at institutions over the next 12 to 18 months, Finance Minister Paschal Donohoe said on Tuesday....

Posted: Jul 30, 2021