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News – Insurance Journal
Supreme Court Allows Sandy Hook Families’ Liability Lawsuit Against Gunmaker
The U.S. Supreme Court dealt a blow to the gun industry, refusing to block a lawsuit against Remington Arms Co. by family members of nine people killed in the 2012 Sandy Hook Elementary School massacre. The lawsuit blames the gunmaker’s …
POSTED NOVEMBER 12, 2019 4:06 PM |
OJ Simpson Sues Las Vegas Casino Saying He Was Defamed
O.J. Simpson is suing a Las Vegas hotel-casino that banned him in November 2017, alleging that unnamed employees defamed him by telling a celebrity news site he had been drunk, disruptive and unruly. Simpson, on parole in Nevada for a …
POSTED NOVEMBER 12, 2019 4:00 PM |
Despite Wildfires, California Wine is Doing Just Fine – For Now
If you’re worried that wildfires might have created shortages of Northern California’s 2019 cabernet sauvignon, or even just imparted it with an undesirable smoky flavor, you can relax. The wine is just fine. For now. Despite a late October blaze …
POSTED NOVEMBER 12, 2019 3:57 PM |
PG&E California Wildfire Victims Sue to Get Paid Before Fire Insurers
PG&E Corp. wildfire victims have filed a new lawsuit arguing they must be fully repaid for the losses of their homes and businesses before fire insurers are as part of the utility’s bankruptcy. The case takes aim at an $11 …
POSTED NOVEMBER 12, 2019 3:48 PM |
Insurtech Pie Launches TV Campaign in California for Workers’ Comp
Workers’ compensation insurtech Pie Insurance has launched its first national television advertisement campaign with an initial focus in California. The two 30-second spots depict Pie coming to the rescue, interrupting the routine of small business owners “unaccustomed to an easy …
POSTED NOVEMBER 12, 2019 3:46 PM |
Pool Re Forms Specialist Unit to Help U.K. Insurers Build Terrorism Risk Resilience
Pool Re, Britain’s government-backed terrorism reinsurer, has launched of Pool Re “Solutions,” a specialist unit created to support its member insurers and their policyholders by sharing the understanding and partnerships it has established over 25 years of reinsuring terrorism risk. …
POSTED NOVEMBER 12, 2019 2:26 PM |
Startup Zego Becomes 1st U.K. Insurtech to Get Insurance License
Zego has become the first ever U.K. insurtech to be awarded its own insurance license, which will enable it to build and sell its own products. While Zego will still work in tandem with its growing network of insurer partners, …
POSTED NOVEMBER 12, 2019 1:59 PM |
What to Expect in Commercial Insurance Market Conditions Heading Into 2020
Ongoing rate increases and reductions in capacity are taking shape in most property/casualty commercial lines in the fourth—and for some, will continue into the new year, according to a recent report from broker USI Insurance Services. Only one line—loss sensitive …
POSTED NOVEMBER 12, 2019 1:43 PM |
Insurance Council of Australia Declares Catastrophe for New South Wales Bushfires
The Insurance Council of Australia (ICA) on Nov. 9 declared a catastrophe for the bushfires blazing in northern New South Wales. The catastrophe declaration is for communities on the mid-north coast affected by bushfires that have reportedly destroyed more than …
POSTED NOVEMBER 12, 2019 1:39 PM |
New Jersey Man Sentenced in Slip and Fall Insurance Scam
A New Jersey man is not going to prison for orchestrating a slip and fall insurance scam. Under terms of a plea agreement, a judge on Monday instead sentenced 58-year-old Alexander Goldinsky to probation, community service and ordered him to …
POSTED NOVEMBER 12, 2019 12:58 PM |
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