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News – Insurance Journal

AM Best Downgrades Credit Ratings of California Casualty Group Members
AM Best has downgraded the Long-Term Issuer Credit Ratings (Long-Term ICR) to “bbb” from “bbb+” and affirmed the Financial Strength Rating (FSR) of B++ (Good) of The California Casualty Indemnity Exchange in San Mateo, Calif., and its wholly owned subsidiaries. …

POSTED JUNE 14, 2019 8:59 PM
Arthur J. Gallagher Acquires Abram Interstate Insurance Services in California
Arthur J. Gallagher & Co. has acquired Rocklin, Calif.-based Abram Interstate Insurance Services Inc. Terms of the deal were not disclosed. Ron Abram and his associates will remain in their current location under the direction of Joel Cavaness, president of …

POSTED JUNE 14, 2019 8:55 PM
Mississippi Requests Pumps from Federal Govt. to Ease Flooding
Faced with weeks more flooding in a part of Mississippi that’s been underwater since February, one of the state’s U.S. senators on Wednesday asked President Donald Trump to order temporary pumps to the area to begin pumping water over the …

POSTED JUNE 14, 2019 4:42 PM
Pinnacle Adds Schubert as Consulting Actuary in Atlanta
Pinnacle Actuarial Resources, Inc. has hired Christopher J. Schubert as a consulting actuary in the firm’s Atlanta office. Schubert has more than 8 years of property and casualty actuarial experience. Prior to consulting, Schubert worked for a primary insurance carrier …

POSTED JUNE 14, 2019 4:31 PM
Chicago Council Approves $3.7M Settlement for Victims of 2014 Crash
Chicago’s City Council approved a $3.7 million legal settlement to three people injured in a 2014 car crash. The bulk of the settlement is meant for Kelsey Ibach, who was paralyzed when an auto she was a passenger in landed …

POSTED JUNE 14, 2019 4:07 PM
Texas Governor Signs Disaster Relief, Preparedness Bills
Gov. Greg Abbott has signed four bills into law aimed at bolstering the state’s emergency preparedness and disaster relief programs, including framework that provides more than $1.6 billion for flood control projects and repairs across the state. The legislation, which …

POSTED JUNE 14, 2019 4:02 PM
Workplace Mass Shootings Are Rare But Still a Worry to Americans
A postal worker on disability retirement for psychological issues returned to her workplace years later and killed six people. A Connecticut beer delivery worker irate over being forced to resign opened fire as he was being escorted out of the …

POSTED JUNE 14, 2019 3:24 PM
Nevada Attorney General Recommends $25M Wildfire Settlement
Nevada’s attorney general is recommending approval of a $25 million settlement with homeowners and insurance companies who sought more than $300 million in damages from the state after a fire destroyed 24 homes south of Reno when strong winds reignited …

POSTED JUNE 14, 2019 2:47 PM
Suit Filed Against Wyoming Developer in Deadly Trench Collapse
A wrongful death lawsuit claims dangerous work conditions and a Wyoming developer’s negligence caused the deaths of two men when a trench collapsed last year. The Jackson Hole News and Guide reports the lawsuit was filed Tuesday on behalf of …

POSTED JUNE 14, 2019 2:44 PM
Travelers Beefing up Wildfire Protection After 2018 California Blazes
Travelers Cos. is strengthening its wildfire-defense efforts after deadly blazes swept through California last year. The insurer is adding a service to all of its California home and landlord policies, helping customers prepare their property for a fire by different …

POSTED JUNE 14, 2019 2:13 PM

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