Industry News

Insurance Journal

Idaho City Tells Insurer to Pay For Children’s Chemical Burns

Aug 22, 2017 The city of Lewiston has decided to pay medical bills for children from two families who suffered chemical burns at a park. The children were burned after city...

Los Angeles Jury Hands Down $417M Award Baby Powder Lawsuit

Aug 22, 2017 A Los Angeles jury has ordered Johnson & Johnson to pay a record $417 million to a hospitalized woman who claimed in a lawsuit that the talc in the company’s...

Northern Illinois Agency Owner Indicted Again; Slapped with 20 Fraud Counts

Aug 22, 2017 The owner of multiple property/casualty insurance operations in northern Illinois has been indicted once again, this time on charges that he defrauded...

Conn. Court Supports $41.7M in Damages to Student Disabled by Tick Bite on School Trip

Aug 22, 2017 The Connecticut Supreme Court in August supported a jury’s decision to award $41.7 million in damages to a student permanently disabled...

Best's Reviews

Iowa Seeks ACA Spending Waiver to Stabilize Health Insurance Marketplace

Aug 22, 2017 Iowa Insurance Commissioner Doug Ommen is seeking a waiver from federal Affordable Care Act spending requirements in order to redirect...

Federal Appeals Court Upholds $2.75 Million Judgment Against Travelers Affiliate

Aug 22, 2017 A federal appeals court has upheld a $2.75 million punitive judgment against the Charter Oak Fire Insurance Co., ruling in favor of...

Hawaii Governor Appoints Acting Captive Insurance Administrator

Aug 22, 2017 Andrew Kurata, a six-year veteran of the Hawaii Insurance Division, has been appointed as acting captive insurance administrator by Gov. David Ige...

A.M. Best Withdraws Issuer Credit Rating of National Interstate Corporation

Aug 22, 2017 A.M. Best has affirmed the Long-Term Issuer Credit Rating (Long-Term ICR) of “bbb+” with a stable outlook of National Interstate...

Business Insurance

Safety whistleblower’s lawsuit against railroad reinstated

Aug 22, 2017 An appeals court has reversed a decision granting summary judgment to CSX Transportation Inc. in a...

Marketing firm prevails in contract fight with Yahoo

Aug 22, 2017 A federal appeals court has reversed a lower court ruling and awarded $4.4 million to a...

Marsh, Ironshore partner on reimbursement risk policy for hospitals

Aug 22, 2017 Marsh L.L.C. and Ironshore Inc. are offering insurance to hospitals to cover the risk...

Safety commission vacates employer citations from bulldozer death

Aug 22, 2017 An administrative law judge of the U.S. Occupational Safety and Health Review...

Property Casualty 360

Insurance implications of war, domestic terrorism and nuclear threats

Aug 22, 2017 War, nuclear discharge and riots are excluded from most insurance policies. Here's what else you need to know.

Texas leads in America's race to build more homes

Aug 22, 2017 For insurance agents and brokers, more homes mean more opportunities to provide coverage.

Hong Kong braces for Typhoon Hato as businesses seen closing

Aug 22, 2017 The tropical cyclone has continued to intensify and may pass within 100 kilometers south of the global financial center, posing...

How Travelers helped injured employees cut opioid use by 30%

Aug 22, 2017 Travelers Cos. says it cut opioid use by 30% among more than 500,000 injured employees since 2015.

Claims Journal

Researchers Finds Room for Improvement in Global Flood Preparedness

Aug 22, 2017 A new study across Austria, England, and Romania finds room for improvement in both public and private schemes that could help encourage risk reduction...

No Duty to Defend, Indemnify in Ohio Molestation Claim Unless ‘Scope of the Allegations’ Test Met

Aug 22, 2017 Jodee Edwards had a home and auto insurance policy issued by insurer Encompass that excluded coverage for loss “arising out of...

Researchers Say Popular Robots Dangerously Easy to Hack

Aug 22, 2017 Some of the most popular industrial and consumer robots are dangerously easy to hack and could be turned into bugging devices or weapons, IOActive Inc. said. The...

Business News: LexisNexis, NCCI, Verisk

Aug 22, 2017 LexisNexis Introduces New Multi-language Telematics Capability Atlanta-based Lexis Nexis Risk Solutions now includes multi-language capability in its telematics platform. This...