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News – Insurance Journal

California Workers’ Comp Written Premium Falling, Report Shows
The Workers’ Compensation Bureau of California on Monday its latest quarterly report on insurer experience as of June 30. The WCIRB report shows written premium for 2018 is 4% below that for 2017 and 6% below that for 2016. “The …

POSTED SEPTEMBER 16, 2019 9:13 PM
XPT Group Acquires Sierra Specialty in California
XPT Group LLC has acquired Sierra Specialty in Clovis, Calif. The deal closed on Sept. 13. Sierra Specialty will continue to operate under its brand name. Sierra Specialty is a managing general agency and wholesale insurance underwriter/broker specializing in products …

POSTED SEPTEMBER 16, 2019 5:56 PM
Parents of Georgia Tech Student Shot by Campus Police Officer Sue School
The parents of a Georgia Tech student killed by a campus police officer two years ago have filed a wrongful death lawsuit against the school, the university system and the officer. Authorities have said university police officer Tyler Beck fatally …

POSTED SEPTEMBER 16, 2019 4:52 PM
Feds Sue Oklahoma Car Dealership for Sex Discrimination
Federal employment officials have sued a car dealership in Norman, Oklahoma, saying the company unlawfully refused to hire a sales job candidate because she was female. In the lawsuit, the U.S. Equal Employment Opportunity Commission (EEOC) said that in 2017 …

POSTED SEPTEMBER 16, 2019 4:48 PM
Florida’s Auditor General to Focus on Protecting Student Data
Florida is cracking down to ensure school districts, state colleges and state universities are protecting students’ Social Security numbers. In the past two years, state auditors have found that at least one-third of education employees who had access to student …

POSTED SEPTEMBER 16, 2019 4:43 PM
IRS Makes Settlement Offer to Taxpayers Involved in ‘Dirty’ Micro-Captive Insurance
The Internal Revenue Service said it is mailing a time-limited settlement offer for certain taxpayers under audit who participated in what the IRS calls “abusive micro-captive insurance” transactions. The IRS has been warning about these micro-captives for several years and …

POSTED SEPTEMBER 16, 2019 4:39 PM
17 Lawsuits Filed Against U. of Missouri’s BioJoint Center
Four more people who received knee-replacement surgery at the Mizzou BioJoint Center say in lawsuits that their surgeries failed. Including the newly filed lawsuits, 17 people have sued the center at University of Missouri Health Care over their procedures. The …

POSTED SEPTEMBER 16, 2019 4:33 PM
TDI Offers Guidance on New Ban on Named Driver Policies
The Texas Department of Insurance has issued a bulletin providing guidance on House Bill 259, passed during the 2019 legislative session, that prohibits insurers from delivering, issuing for delivery, or renewing named driver policies on or after Jan. 1, 2020. …

POSTED SEPTEMBER 16, 2019 4:21 PM
Chicago Brokerage, Phillip Capital, to Pay $1.5M for Cyber Attack Lapses
The U.S. Commodities Futures Trading Commission (CFTC) said that a Chicago-based futures brokerage will pay a total of $1.5 million for letting cyber criminals breach the firm’s email systems and withdraw $1 million from a customer’s account. Phillip Capital Inc. …

POSTED SEPTEMBER 16, 2019 4:09 PM
Encova Insurance CEO Kaufman to Retire; Obrokta to Succeed Him
Dave Kaufman, CEO of Columbus, Ohio-based Encova Insurance, is retiring effective Dec. 31, 2019. He has been with the company for 33 years. TJ Obrokta Jr., president and chief operating officer, has been named as Kaufman’s successor and will serve …

POSTED SEPTEMBER 16, 2019 4:06 PM

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