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Insurance Journal delivers the latest business news for the Property/Casualty insurance industry
Updated: 16 min 24 sec ago

California Legislator Introduces Ridesharing Bill

4 hours 25 min ago

A California Assemblywoman has introduced a bill to regulate ridesharing companies like Uber, Lyft and Sidecar. Assembly Bill 2293, authored by Assemblywoman Susan Bonilla, D-Concord, would clarify existing insurance laws related to ridesharing service activities while supporting new business advancements, …

The article California Legislator Introduces Ridesharing Bill appeared first on Insurance Journal.

California Bill To Close Earthquake Loophole Clears Committee

4 hours 41 min ago

A California bill to close a loophole that enables building on active earthquake faults without considering the impacts passed a key committee hurdle on Thursday. Senate Bill 1155, authored by state Sen. Ted Lieu, D-Redondo Beach, passed through the Senate Governance …

The article California Bill To Close Earthquake Loophole Clears Committee appeared first on Insurance Journal.

California Bill To Close Earthquake Loophole Clears Committee

4 hours 41 min ago

A California bill to close a loophole that enables building on active earthquake faults without considering the impacts passed a key committee hurdle on Thursday. Senate Bill 1155, authored by state Sen. Ted Lieu, D-Redondo Beach, passed through the Senate Governance …

The article California Bill To Close Earthquake Loophole Clears Committee appeared first on Insurance Journal.

ACE Enhances Life Sciences Coverage Offerings

10 hours 10 min ago

The ACE Medical Risk Group has enhanced its life sciences capabilities to include a commercial package offering comprised of general liability, inland marine, crime, umbrella liability and business automobile coverages to help address the needs of life sciences companies. The …

The article ACE Enhances Life Sciences Coverage Offerings appeared first on Insurance Journal.

Archdiocese in Oregon Faces New Sex Abuse Lawsuit

11 hours 23 min ago

Another lawsuit has been filed against the Catholic Archdiocese of Portland by a man who says he was one of dozens of boys sexually abused by a priest in the 1960s and 1970s. In the lawsuit filed Tuesday in federal …

The article Archdiocese in Oregon Faces New Sex Abuse Lawsuit appeared first on Insurance Journal.

Arizona Senate Takes Side of Uber, Lyft Ridesharing Services

11 hours 27 min ago

Calling Uber a cutting-edge concept, the Arizona Senate approved a bill that exempts it and other rideshare companies from the same regulations that traditional taxi and limo companies have. The amended bill exempts rideshare companies from the commercial insurance requirement …

The article Arizona Senate Takes Side of Uber, Lyft Ridesharing Services appeared first on Insurance Journal.

FedEx Sued in Fiery Northern California Bus Crash

11 hours 32 min ago

The mother of a 17-year-old honors student who was among 10 people killed in a fiery Northern California bus crash sued FedEx on Tuesday, alleging that its trucks have a history of catching fire. The negligence suit that seeks $100 …

The article FedEx Sued in Fiery Northern California Bus Crash appeared first on Insurance Journal.

Data Breach at Iowa State Could Affect Thousands

12 hours 1 min ago

The Social Security numbers of nearly 30,000 people who enrolled at Iowa State University over a 17-year period were exposed in a data breach, school officials announced. Five information technology servers on the Ames campus were hacked, and those servers …

The article Data Breach at Iowa State Could Affect Thousands appeared first on Insurance Journal.

Eastern Insurance Acquires Smith Buckley & Hunt in Massachusetts

13 hours 4 min ago

Eastern Insurance Group has acquired Smith Buckley & Hunt, an insurance agency based in Brockton, Mass. Smith Buckley & Hunt was founded in 1875 and the Smith Family has owned the agency since 1922. The principals of the agency are …

The article Eastern Insurance Acquires Smith Buckley & Hunt in Massachusetts appeared first on Insurance Journal.

Owner Sues Welding Firm Over Deadly Boston Brownstone Blaze

13 hours 41 min ago

The owner of a brownstone where two firefighters were killed in a wind-fueled fire has filed a civil lawsuit alleging negligence by welders working next door. The Boston Herald reported that the lawsuit was filed this month by the owner …

The article Owner Sues Welding Firm Over Deadly Boston Brownstone Blaze appeared first on Insurance Journal.

Carter Named President of Berkley Program Specialists, Succeeding Diem

13 hours 53 min ago

W. R. Berkley Corp. has named Wayne H. Carter, III as president of Berkley Program Specialists. Carter succeeds John Diem, who is retiring. Based in Naperville, Illinois, Berkley Program Specialists is a program management company offering both admitted and non-admitted …

The article Carter Named President of Berkley Program Specialists, Succeeding Diem appeared first on Insurance Journal.

Everest Re Posts $293.9 Million Q1 Net Income

13 hours 55 min ago

The Bermuda-based Everest Re Group, Ltd. reported net income of $293.9 million, or $6.21 per diluted common share, for the first quarter of 2014, compared to net income of $384.3 million, or $7.50 per diluted common share, for the first …

The article Everest Re Posts $293.9 Million Q1 Net Income appeared first on Insurance Journal.

Customers Switching Auto Insurers Unhappy with New Prices: J.D. Powers

13 hours 58 min ago

Customers who switch auto insurance carriers due to poor service often end up sorry they did because they end up paying more with their new insurer, according to the latest J.D. Power 2014 U.S. Insurance Shopping Study. While a poor …

The article Customers Switching Auto Insurers Unhappy with New Prices: J.D. Powers appeared first on Insurance Journal.

Aspen Reports $120.4 Million Q1 2014 Net Income

14 hours 9 min ago

Bermuda-based Aspen Insurance Holdings Limited reported net income after tax of $120.4 million, or $1.66 diluted net income per share, for the quarter ended March 31, 2014. Operating highlights for the quarter ended March 31, 2014 were listed as follows: …

The article Aspen Reports $120.4 Million Q1 2014 Net Income appeared first on Insurance Journal.

Allied World Posts $177 Million Q1 Net Income; Underwriting, Investment Gains

14 hours 31 min ago

Allied World Assurance Company Holdings, AG reported net income of $177.0 million, or $5.23 per diluted share, for the first quarter of 2014 compared to net income of $159.0 million, or $4.49 per diluted share, for the first quarter of …

The article Allied World Posts $177 Million Q1 Net Income; Underwriting, Investment Gains appeared first on Insurance Journal.

Florida Ban on Gun Ownership in Insurance Underwriting Goes to Governor

14 hours 35 min ago

A Florida bill that would forbid insurance companies from refusing to serve or charging higher rates to applicants based on their ownership of a firearm has been sent to Gov. Rick Scott to sign. The measure passed the House 74-44 …

The article Florida Ban on Gun Ownership in Insurance Underwriting Goes to Governor appeared first on Insurance Journal.

Port Authority Wrestles with World Trade Center Financing

15 hours 3 min ago

The Port Authority of New York and New Jersey’s failure to agree to a loan guarantee for World Trade Center site developer Larry Silverstein shows agency leaders are wrestling over its direction as they seek to fix the dysfunction exposed …

The article Port Authority Wrestles with World Trade Center Financing appeared first on Insurance Journal.

University of Kentucky Turns to Cameras, ID Cards to Fight Crime

15 hours 8 min ago

Campus police at the University of Kentucky say new surveillance cameras are helping them fight crime. UK Police Chief Joe Monroe told WKYT-TV that the school has 400 cameras installed so far and another 1,600 are planned. He says security …

The article University of Kentucky Turns to Cameras, ID Cards to Fight Crime appeared first on Insurance Journal.

Why Not Renewing TRIA Could Cost Government More Than Renewing It

15 hours 9 min ago

Ending the federal terrorism risk insurance program could end up costing the federal government more than if the program, TRIA, is allowed to continue, according to a RAND Corp. study. The analysis finds that in a terrorist attack with losses …

The article Why Not Renewing TRIA Could Cost Government More Than Renewing It appeared first on Insurance Journal.

Hackers Target Global Tanker, Container Shipping Fleet

16 hours 29 min ago

The next hacker playground: the open seas – and the oil tankers and container vessels that ship 90 percent of the goods moved around the planet. In this internet age, as more devices are hooked up online, so they become …

The article Hackers Target Global Tanker, Container Shipping Fleet appeared first on Insurance Journal.