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News – Insurance Journal

California’s Massive Wildfires Push Travelers to Seek Higher Premiums
California’s deadly wildfires are raising the specter of higher insurance premiums for homeowners in the state. After “two significant years in a row of losses, I think the discussion and the debate about the environment is pretty broad and pretty …

POSTED JANUARY 23, 2019 12:44 AM
California Lawmaker to Introduce Bill to Free up Funding for Retrofits
California state Sen. Majority Leader Bob Hertzberg, D-Van Nuys, on Tuesday announced a bill to allocate $1 billion in funding over the next 10 years to retrofit homes across California. The bill was timed to follow the 25th anniversary of …

POSTED JANUARY 23, 2019 12:38 AM
Travelers Grew Q4 Profit Despite California Wildfire, Hurricane Michael Losses
Travelers Cos. reported that despite catastrophe losses from the California wildfires and Hurricane Michael, it boosted its profit in the fourth quarter of 2018 thanks to growth in premiums and investment income. Net income rose to $621 million from $551 …

POSTED JANUARY 22, 2019 5:55 PM
Investigators Probe Gas Leaks at South Carolina Apartment Complex
New gas leaks have been found at a South Carolina apartment complex where two people were found dead in separate apartments. Columbia firefighters said they started the inspections Thursday night after residents reported smelling gas and crews finding additional gas …

POSTED JANUARY 22, 2019 5:37 PM
Marsh & McLennan Agency to Acquire Bouchard Insurance of Florida
Marsh & McLennan Agency LLC (MMA), the middle market agency subsidiary of Marsh, has reached agreement to acquire Clearwater, Fla.-based Bouchard Insurance, a full-service agency in Florida. Terms of the transaction, which is expected to close later this month, were …

POSTED JANUARY 22, 2019 5:35 PM
BLS Survey Shows Louisiana Workplaces Among the Safest in 2017
According to a recent Bureau of Labor Statistics (BLS) survey, Louisiana remained one of the safest states in which to work, the Louisiana Workforce Commission reported. The state’s rate of non-fatal accidents and injuries has continually decreased over the past …

POSTED JANUARY 22, 2019 5:25 PM
K2 Insurance Acquires Assets, Operations of Nebraska’s Mid-America Risk Managers
K2 Insurance Services LLC (K2) has completed its acquisition of the assets and operations of Mid-America Risk Managers Inc. (MARM). MARM, based in Omaha, Nebraska, is a farm and agricultural focused specialty general agency that distributes specialty insurance products through …

POSTED JANUARY 22, 2019 5:13 PM
3.6 Magnitude Quake Strikes Northwestern Oklahoma
The U.S. Geological Survey reports a moderate earthquake in northwestern Oklahoma. The U.S.G.S. recorded a magnitude 3.6 quake at 11:27 p.m. Sunday in Major County near the town of Meno, about 75 miles northwest of Oklahoma City. No injuries or …

POSTED JANUARY 22, 2019 5:05 PM
Alliant in California Forms Partnership with PSP Investments
Newport Beach, Calif.-based Alliant Insurance Services Inc. announced that a Canadian pension investment manager is making an investment in the firm. The investment by the Public Sector Pension Investment Board is joined by an additional investment from funds managed by …

POSTED JANUARY 22, 2019 4:04 PM
Driverless Shuttle Making Debut in Utah State Capitol
A driverless public shuttle is expected to make its Utah debut this year as state officials test the possibilities of autonomous vehicles. The Salt Lake Tribune reported the shuttle that holds about a dozen people is expected to begin operating …

POSTED JANUARY 22, 2019 3:57 PM

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