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News – Insurance Journal
Many Safety Issues Found Where Texas Oilfield Worker Died from Gas Leak
In its report on the Oct. 26, 2019, hydrogen sulfide gas release that killed a Texas oilfield worker and his wife, the U.S. Chemical Safety Board (CSB) says it found multiple safety issues at the site where the incident occurred. …
POSTED MAY 06, 2021 3:38 PM |
Allstate Q1 Revenues Soar 26% on National General, Premiums, Investments
Allstate reported an overall $1.4 billion net loss in the first quarter due to the sales of its life and annuity businesses, compared to net income of $513 million in the first quarter of 2020. However, net income adjusted to …
POSTED MAY 06, 2021 3:32 PM |
Maine One of Latest States to Enact NAIC-Inspired Insurance Data Security Act
Maine is one of the latest states to enact its own version of the National Association of Insurance Commissioners (NAIC) model data security law, signing the Maine Insurance Data Security Act into law on March 17. The NAIC Insurance Data …
POSTED MAY 06, 2021 3:10 PM |
Judge Weighs Whether PG&E Violated Probation With 2019 California Fire
A federal judge is weighing whether Pacific Gas & Electric violated its criminal probation by sparking a wildfire north of San Francisco that destroyed more than 100 homes and injured six firefighters in October 2019. Prosecutors and attorneys for PG&E …
POSTED MAY 06, 2021 2:50 PM |
Gallagher Bassett Services Acquires Total Safety Consulting and Its Affiliates
Arthur J. Gallagher & Co.’s risk management services subsidiary, Gallagher Bassett Services Inc. (GB), has acquired Bayonne, New Jersey-based Total Safety Consulting LLC (TSC) and its affiliates, including TSC Training Academy LLC (TSCTA). Terms of the transaction were not disclosed. …
POSTED MAY 06, 2021 2:30 PM |
U.S. Legal Cannabis Sales Hit Record $17.5B as Legislation Transforms Insurance Outlook
A new report highlights the opportunity for insurers in cannabis. New Dawn Risk launched its latest white paper on insurance for the U.S. legal cannabis, CBD and hemp markets. The 2021 report is called “Opportunity knocks at last in the …
POSTED MAY 06, 2021 2:05 PM |
Study Links High Hispanic Death Rate From Covid-19 to Work Exposure
Hispanic Americans have died of Covid-19 at a disproportionately high rate compared to whites because of workplace exposure to the virus, a new study suggests. Hispanics are over-represented among workers in essential industries and occupations ranging from warehousing and grocery …
POSTED MAY 06, 2021 2:01 PM |
Covid Is Far From the Only Risk Facing Insurers and Financial Sector Firms: Allianz
Covid-19 may drive market corrections and insolvencies that could impact financial institutions’ balance sheets, increase exposures for directors and result in litigation. However, financial institutions are also facing many other risks in the areas of cyber, climate, compliance and corporate …
POSTED MAY 06, 2021 1:22 PM |
Ex-Maryland Volunteer Firefighters Indicted on Arson Charges
A group of Maryland volunteer firefighters accused of setting fire to vacant structures have been charged with arson and other crimes. The five men, who worked for West Lanham Hills Volunteer Fire Department in New Carrollton, Maryland, were indicted by …
POSTED MAY 06, 2021 1:19 PM |
Insurer Disappointed After Egyptian Court Upholds Detention of Tanker Ever Given
CAIRO – An Egyptian court on Tuesday ruled that the container ship which blocked the Suez Canal in March could continue to be held in the waterway, rejecting an appeal by its Japanese owner against its detention, a judicial source …
POSTED MAY 06, 2021 12:16 PM |
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