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News – Insurance Journal

Heavy Rains Bring Flooding to Northern Germany, Forcing Evacuations
Heavy rains led to flooding Wednesday in some parts of northern Germany, forcing some evacuations and prompting residents to pile sandbags in front of their homes to protect themselves from a swollen river. The center of the town of Goslar, in the …

POSTED JULY 28, 2017 7:20 AM
Democratic Republic of Congo to Open $500M Insurance Industry to Investors
The Democratic Republic of Congo’s insurance regulator is preparing to open up an industry for the first time that could be worth as much as $500 million a year to investors. The newly created Insurance Regulatory Authority, known by the …

POSTED JULY 28, 2017 7:11 AM
Viewpoint: Employers Rejecting Marijuana Users Will Pay a Price
In Youngstown, Ohio, the employment problem is not a shortage of jobs. Nor is it a shortage of workers. The problem is not stingy employers who don’t want to pay enough to attract good workers. Nor is the problem that …

POSTED JULY 28, 2017 5:00 AM
From Here to Autonomy: Morality and the Retirement Timeline for Auto Insurance Pros
While the media, ethicists and perhaps the public like to ponder whether a self-driving car in a crisis should be programmed to hit a group of nuns crossing the street or hit a bus full of schoolkids, the drive toward …

POSTED JULY 28, 2017 5:00 AM
Federal Class Action Securities Fraud Filings Set Historic Pace
Federal class action securities fraud filings hit a record pace in the first half of 2017. Over the past six months, plaintiffs initiated 226 securities fraud class actions in federal court, more than in any equivalent period since enactment of …

POSTED JULY 28, 2017 5:00 AM
Florida CFO: Consumer Helpline Recovered $16.6M During First Half of 2017
Assistance provided by insurance experts working Florida’s Insurance Consumer Helpline led to the recovery of more than $16.6 million during the first half of 2017, according to a statement by Chief Financial Officer Jimmy Patronis. Helpline experts answered more than …

POSTED JULY 28, 2017 4:26 AM
AmWINS Launches Site Pollution Liability Program for Small Auto Servicing Firms
AmWINS Program Underwriters has launched a new stand-alone site pollution liability program to offer a streamlined alternative for small auto servicing entities to obtain site pollution liability coverage. The program, known as Dealer Pollution Advantage, is available nationally and is …

POSTED JULY 28, 2017 4:11 AM
School Bus Cameras Can Implicate Speeding Drivers Under New N.C. Law
North Carolina motorists could be fined at least $400 if they pass a stopped school bus, according to a new law now in effect. Gov. Roy Cooper on Tuesday signed into law legislation that he suggested while still attorney general. …

POSTED JULY 28, 2017 4:04 AM
U.S. Risk Acquires Strategic Insurance Underwriters of Florida
U.S. Risk Insurance Group, LLC, a property and casualty wholesaler, has acquired Strategic Insurance Underwriters, a specialist trucking MGA and broker headquartered in Sarasota, Fla. Strategic Insurance Underwriters has a 34-year history of offering tailored insurance products to the trucking …

POSTED JULY 28, 2017 4:00 AM
Portion of Hospital Parking Garage in West Virginia Collapses; Injures 3 Workers
A hospital spokesman says three construction workers have been injured when a small section of a hospital parking garage collapsed in West Virginia. Charleston Area Medical Center spokesman Dale Witte says crews were pouring concrete when part of a floor …

POSTED JULY 28, 2017 4:00 AM

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