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News – Insurance Journal
California Insurance Commissioner Lays Out Priorities for CPCU Crowd
Access to affordable healthcare for all, ensuring greater diversity in the insurance industry, and finding more creative solutions to deal with climate change risk were the priorities laid out by California Insurance Commissioner Ricardo Lara on Thursday. Lara was discussing …
POSTED OCTOBER 21, 2021 8:27 PM |
California Releases Climate Draft Plan, Axis Accelerates Retreat from Coal
Insurer Axis Capital Holdings Ltd. announced new a policy restricting insurance and investments in coal, tar sands oil, and Arctic oil and gas. Axis committed to stop insuring any company developing coal infrastructure and phase out all coal business. Axis …
POSTED OCTOBER 21, 2021 6:08 PM |
Activist Investor Starboard Takes New Stake in Willis, Saying Broker Undervalued
Activist investor Starboard Value disclosed a new position in Willis Towers Watson Plc Thursday, and said it believes the insurance broker could nearly double its share price in the next three years. Jeff Smith, Starboard’s chief executive officer, said Willis …
POSTED OCTOBER 21, 2021 6:00 PM |
Chemical Giant to Pay $50M-Plus to Resolve Air Pollution Concerns in Texas, Iowa
Federal officials say three U.S. subsidiaries of Dutch chemical giant LyondellBasell Industries N.V. (Lyondell) have agreed to make upgrades and perform compliance measures estimated to cost $50 million to resolve allegations they violated the Clean Air Act and state air …
POSTED OCTOBER 21, 2021 4:54 PM |
Former Wisconsin Insurance Agent Charged with Fraud; Fined $27K
The Wisconsin Office of the Commissioner of Insurance (OCI) has charged former insurance agent Richard Freeland with a number of violations of insurance law related to the sale of an unsuitable life insurance policy and annuity to a retired consumer. …
POSTED OCTOBER 21, 2021 4:17 PM |
Indiana Man Sues After Alleging Police Knelt on Him
A Gary man is suing northwest Indiana police more than a year after he alleged that officers sprayed him with pepper spray and knelt on him when they encountered him near a protest over George Floyd’s death. Randall Smith’s lawsuit, …
POSTED OCTOBER 21, 2021 4:06 PM |
Texas Furniture Manufacturer Fined $249.6K for Exposing Workers to Amputation Hazards
Federal officials issued five citations against Texas furniture design and manufacturing company and fined the firm more than $249,000 for alleged workplace safety violations. OSHA said while MooreCo Inc. in Temple, Texas, had been given multiple opportunities in the past …
POSTED OCTOBER 21, 2021 3:57 PM |
Florida Suit Claims 2-Year-old Found Used Condom in Posh Hotel Room
A New Jersey couple is suing Miami’s famous Biltmore Hotel, alleging negligence over dirty conditions in a room after they said their 2-year-old daughter was found with a used condom in her mouth. The hotel room also contained broken glass …
POSTED OCTOBER 21, 2021 3:55 PM |
Pay-Per-Mile Digital Insurer Metromile in Drive to Add Independent Agents
Pay-per-mile digital auto insurer Metromile is pursuing what it is calling a “significant” expansion of its use of independent agents to sell its insurance, and it has hired a Travelers Insurance executive to lead the effort. San Francisco-based Metromile, which …
POSTED OCTOBER 21, 2021 3:51 PM |
Pennsylvania’s The Perzel Agency Joins The Liberty Company Insurance Brokers
The Perzel Agency has joined The Liberty Company Network of Insurance Brokers. Based in Philadelphia, Pennsylvania, The Perzel Agency was founded more than 25 years ago by Mike Perzel, specializing in personal lines and small commercial. The Liberty Company Insurance …
POSTED OCTOBER 21, 2021 3:38 PM |
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