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News – Insurance Journal

U.S. Confirms 5 Cases of Coronavirus; 100 More Possible But Risk in U.S. Deemed Low
Five people in the United States, all of whom recently traveled from Wuhan, China, have been diagnosed with the new coronavirus, officials of the federal Centers for Disease Control and Prevention said on Sunday. The count includes new patients identified …

POSTED JANUARY 27, 2020 2:14 AM
SLTX: Surplus Lines Flood Insurance Premium Up in Texas over 5 Years
Surplus lines flood insurance premium filed with the Surplus Lines Stamping Office of Texas (SLTX) has increased annually over the past five years, according to SLTX. Additionally, while NFIP premium dipped in 2017, it rose in 2018 and Texas premium …

POSTED JANUARY 24, 2020 5:20 PM
California Clears Way for Those with Cannabis Convictions to Get Insurance Licenses
California Insurance Commissioner Ricardo Lara today announced a measure that enables people with cannabis-related convictions to obtain an insurance license. Lara announced the California Department of Insurance will use its discretion in deciding whether to issue licenses to those with …

POSTED JANUARY 24, 2020 5:01 PM
Workers’ Compensation Is Doing Well. Is It Time to Worry?
Although workers’ compensation results remain strong—and the line continues to outperform all other commercial insurance lines—worries about continued soft pricing and loss reserve levels for workers’ compensation specialists prompted a rating agency warning recently. “As rate levels continue to decline, …

POSTED JANUARY 24, 2020 4:56 PM
Making Big Oil Pay for Climate Change May Be Impossible
Exxon Mobil dodged a bullet last month when a judge rejected a novel climate-change lawsuit brought by New York’s attorney general. The case began with a promise from state officials that there would be a historic reckoning for the fossil …

POSTED JANUARY 24, 2020 4:51 PM
2020 Agency Salary Survey: Tell Us What You Think
Total compensation and salary adjustments on average fell slightly in agencies responding to the 2019 Agency Salary Survey – but that trend didn’t impact employee satisfaction. On average, employee satisfaction with compensation overall rose again in 2018. How will satisfaction …

POSTED JANUARY 24, 2020 4:17 PM
$5.75M Settlement in California Over Marine Veteran’s Death
The city of Los Angeles has agreed to pay $5.75 million to the parents of a Marine veteran who died after police jolted him six times with a stun gun during a 2014 confrontation. The City Council unanimously approved a …

POSTED JANUARY 24, 2020 4:00 PM
California Governor Wants to Block PG&E’s Bankruptcy Plan
California Gov. Gavin Newsom is urging a federal judge to reject Pacific Gas and Electric’s blueprint for getting out of bankruptcy and renewing his threat to lead a bid to turn the beleaguered utility into a government-run operation. In a …

POSTED JANUARY 24, 2020 3:58 PM
Entering and Exiting Digital: What’s Up with Multi-Brand Strategies of P/C Insurers?
Two of the largest property/casualty insurers in the U.S., Allstate and Nationwide, made headlines recently when they announced shifts in their respective multi-brand portfolios. Faced with the prospect of staying relevant in an environment that has seen minimal organic growth …

POSTED JANUARY 24, 2020 2:42 PM
New Coronavirus Outbreak: Marsh Recommends Immediate Steps for Multinationals
The effects on multinational businesses from a potentially worsening Wuhan coronavirus outbreak could be severe, which is why they need to review, test and potentially update plans related to business continuity, crisis management and crisis communications, according to Marsh in …

POSTED JANUARY 24, 2020 2:04 PM

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