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News – Insurance Journal

Fire at Large California Oil Refinery Doused
A fire that erupted at the West Coast’s largest oil refinery threatened storage tanks and sent huge flames into the sky and black smoke across neighborhoods before crews quickly smothered it. Dozens of firefighters responded late Tuesday to the 1,000-acre …

POSTED OCTOBER 19, 2017 3:03 PM
New Rules for Oil-Gas Lines Proposed Following Colorado Blast
Colorado energy regulators are proposing tighter rules for shutting down oil and gas pipelines after a fatal explosion blamed on natural gas leaking from a line that was thought to be out of service but was still connected to a …

POSTED OCTOBER 19, 2017 3:00 PM
California’s Chief Utility Regulator Says We May Never Know if PG&E Caused Fires
California’s chief utility regulator said the state may never determine whether PG&E Corp.’s electrical equipment played a role in igniting the deadly blazes near San Francisco earlier this month. The wildfires, which have killed at least 42 people and destroyed …

POSTED OCTOBER 19, 2017 2:44 PM
Woodruff-Sawyer in California Names Berry Leader of Private Equity and Venture Capital Group
Woodruff-Sawyer & Co. has named Dan Berry leader of the firm’s private equity and venture capital group. Berry is a senior vice president and partner in Woodruff-Sawyer. He joined the firm in 2011 and has specialized in the risk management …

POSTED OCTOBER 19, 2017 2:38 PM
Travelers Insurance Reports Solid Q3 Results Despite $700M Cat Losses
The Travelers Companies today reported $293 million in net income for the third quarter despite absorbing more than $700 million in catastrophe claims. The $293 million in net income was a 59 percent decline from the $716 million in last …

POSTED OCTOBER 19, 2017 1:47 PM
Ironshore’s Singapore Branch Hikes Capacity to $50M for Political Risk Lines
Ironshore Insurance Ltd., Singapore Branch, announced an increase in capacity for political risk business lines within its Political Risk & Trade Credit unit. Available capacity now stands at US$50 million, an increase from $15 million, effective immediately. In addition, Ironshore …

POSTED OCTOBER 19, 2017 1:25 PM
5 Risk Management Associations to Develop Mutual Recognition of Certifications
Five of the world’s largest risk management associations have agreed to work together towards a recognition of their respective risk management designations/certification programs. The organizations, ALARYS (Latin America), FERMA (Europe), IRMSA (South Africa), PARIMA (Asia) and RIMS (North America), signed …

POSTED OCTOBER 19, 2017 1:12 PM
Maine Man Suing Over Workplace Accident That Claimed Two Fingers
A Machiasport, Maine, man is suing a salmon farm over a workplace injury in which he lost two fingers. Jesse Redman sued True North Salmon US Inc. and Cooke Aquaculture USA Inc. last week in U.S. District Court in Bangor, …

POSTED OCTOBER 19, 2017 1:04 PM
Delaware Announces Workers’ Compensation Rate Decrease
Delaware Insurance Commissioner Trinidad Navarro has announced that there will be a decrease in workers’ compensation insurance rates, effective December 1, 2017. “This insurance rate decrease has a direct impact on Delaware’s employers, enabling them to lower their costs and …

POSTED OCTOBER 19, 2017 12:56 PM
New York’s Michael Adam Insurance Agency Joins SAN Group Inc.
Satellite Agency Network Group Inc. (SAN) announced that Michael Adam Insurance Agency of Dansville, N.Y., has joined the alliance. By joining SAN Group, Michael Adam Insurance Agency will have access to additional markets and competitive insurance products in the industry. …

POSTED OCTOBER 19, 2017 12:44 PM

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