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News – Insurance Journal

Report Urges Insurers to Eye Impact of Climate Change on Underwriting, Investments
Insurers can no longer put off addressing the impact of climate change on their underwriting, pricing, and investment decisions, as well as their bottom lines, a recent analysis from Deloitte asserts. “The escalating frequency and severity of extreme weather-related events …

POSTED NOVEMBER 21, 2019 8:51 PM
Trump Signs Month-Long Government Funding That Includes Flood Insurance Program
President Donald Trump signed legislation on Thursday that will extend funding for a wide range of federal agencies through Dec. 20 and avoid partial government shutdowns that otherwise would have begun on Friday. An administration official said Trump signed the …

POSTED NOVEMBER 21, 2019 7:21 PM
In Wake of North Dakota Spill, Congress Wants Review of Keystone Pipeline
Top U.S. House Democrats have called for a federal review of the Keystone pipeline and the agency that regulates it in the wake of 383,000-gallon (1.4-million-liter) spill in northeastern North Dakota, the latest of three spills along the line in …

POSTED NOVEMBER 21, 2019 5:50 PM
Oklahoma High Court: Cities May Regulate Medical Marijuana
The Oklahoma Supreme Court has ruled that cities may approve some regulations of the medical marijuana industry. The court has dismissed an appeal by the city of Broken Arrow in a case filed by marijuana grower Austin Miller. Miller said …

POSTED NOVEMBER 21, 2019 5:37 PM
Arthur J. Gallagher Subsidiary, Artex Risk, Acquires Texas’ EWI Re
Artex Risk Solutions Inc., a captive and alternative risk transfer specialist subsidiary of Rolling Meadows, Illinois-based global insurance brokerage, risk management and consulting services firm, Arthur J. Gallagher & Co., has acquired EWI Re Inc., headquartered in Dallas. Terms of …

POSTED NOVEMBER 21, 2019 5:35 PM
Mexicans Sue Walmart Over Deadly Texas Shooting
Ten Mexican citizens have sued Walmart over the shooting at a store in the U.S. border town of El Paso, Texas, that killed eight Mexicans and left eight more injured, saying that Walmart did not do enough to protect its …

POSTED NOVEMBER 21, 2019 5:33 PM
Iowa’s Premier Advisors Acquired by Accel Holdings
Accel Wealth Management LLC, a financial services division of Accel Holdings Inc., has acquired Premier Advisors LLC, an independent financial management consulting firm located in Cedar Rapids, Iowa. The Accel Group, an independent insurance agency, has offices in Cedar Falls, …

POSTED NOVEMBER 21, 2019 5:03 PM
Mitsui Sumitomo Insurance’s Rating Unchanged with Reorganization: AM Best
The financial and credit ratings of Mitsui Sumitomo Insurance Co. (MSI) remain unchanged following an announcement by its parent company, MS&AD Insurance Group Holdings (MS&AD), that it plans to reorganize its international businesses operating within MSI, said AM Best. Under …

POSTED NOVEMBER 21, 2019 5:01 PM
Elderly Washington Woman Dies After Drop by Ambulance Workers, Suit Charges
The family of a 92-year-old Vancouver, Wash. woman who died after ambulance workers who were transporting her allegedly dropped her onto a sidewalk has filed a $4 million lawsuit. The Oregonian/OregonLive reported the lawsuit was filed this week in Multnomah …

POSTED NOVEMBER 21, 2019 4:09 PM
PG&E Cuts Power to 50K California Homes And Businesses During Wildfire Risk
About 50,000 homes and businesses across Northern California were without power on Wednesday during the latest planned outage instituted by utility Pacific Gas & Electric Co. to guard against risk of wildfire during dry, windy weather. The precautionary shutoffs included …

POSTED NOVEMBER 21, 2019 4:04 PM

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