INSURANCE NEWS
Viewpoint: Washington’s Aggressive Approach to Preventing Intoxicating Hemp Cannabinoids May Be Good for Other States
Like other states across the country, Washington has been grappling with how to regulate intoxicating hemp-derived cannabinoid products that are being innovated faster than state lawmakers can respond. The state has decided on an extreme solution that prohibits products containing …
People Moves: Pinnacle Hires Chen as Senior Consulting Actuary; Attain Names Habel VP and Head of Excess Casualty
Pinnacle Actuarial Resources Hires Chen as Senior Consulting Actuary Pinnacle Actuarial Resources, Inc., based in Bloomington, Ill., hired Michael K. Chen as a senior consulting actuary. Chen has 20 years of actuarial experience and is returning to Pinnacle. His previous …
First Hazing Lawsuit Filed on Behalf of Female Northwestern University Athlete
CHICAGO (AP) – The hazing scandal at Northwestern University has widened to include a volleyball player who on Monday became the first female athlete to sue the university over allegations she was retaliated against by the coach for reporting her …
Arthur J. Gallagher & Co. Acquires South Dakota’s Hagan
Arthur J. Gallagher & Co. announced the acquisition of Sioux Falls, South Dakota-based Hagan Insurance Group. Terms of the transaction were not disclosed. Hagan Insurance Group provides insurance member benefits and financial management to professional associations and affinity groups. Brian …
San Antonio House Fire Kills 3
SAN ANTONIO (AP) – An early morning house fire in San Antonio killed three people and injured three others, the city`s fire chief said. One woman died at the scene and two others – an adult and a child – …
Russian Cyber-Extortion Gang’s Global Hack Exposes Louisiana Office of Motor Vehicles Records
BATON ROUGE, La. (AP) – Louisianans whose personal information was exposed in a massive data breach that affected the state`s Office of Motor Vehicles last month, will receive one year of free credit monitoring and identity theft protection, Gov. John …
Berkley on Industry’s Financial Results: ‘Cat Losses Count’
The fact is, catastrophe losses are a part of an insurers’ financial results and not a line item to be dismissed, said W. Robert Berkley Jr, president and chief executive of W.R. Berkley Corp during a recent conference call on …
Delaware Takes Fight Against IRS Over Captive Insurers’ Data to Supreme Court
The state of Delaware is going to the Supreme Court in its fight with the Internal Revenue Service (IRS) over the release of information on captive insurers. This fight has placed Delaware’s state regulation of insurance and its authority to …
Elon Musk to Appeal Loss in SEC Case to Supreme Court
Elon Musk plans to ask the U.S. Supreme Court to consider whether the Securities and Exchange Commission overstepped its authority in enforcing a consent decree that he has called a “muzzle” on his free speech. Musk would be appealing a …
Small Earthquake Confirmed in Arizona Town
A 3.8 magnitude earthquake shook a northern Arizona town Sunday afternoon but there was no immediate word on any injuries or damage, the United States Geological Survey confirmed. The USGS said the small quake struck near Chino Valley, just north …
Woman Forced Child to Start Fire to Collect Insurance, Georgia Commissioner Says
Georgia authorities said a 34-year-old woman has been charged with arson and child cruelty after she forced her stepchild to light fire to her home in order to collect insurance payments. Courtney Sellers, of Screven, in southeast Georgia, was arrested …
Alabama Firefighter Dies, Another Wounded After Attack at Fire House
An Alabama firefighter who was shot inside his fire station will be laid to rest today, providing a small measure of closure after what authorities have called a targeted attack that left another fireman critically wounded. News outlets reported that …