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News – Insurance Journal
The Liberty Company Insurance Brokers Adds Borchardt in California
The Liberty Company Insurance Brokers has named Sean Borchardt a partner in the Woodland Hills, Calif., office. Borchardt has more than 15 years of experience. He previously has held positions at Gallagher, Relations Insurance and Tolman & Wiker. The Liberty …
POSTED SEPTEMBER 24, 2020 5:00 AM |
Congress Parks Self-Driving Car Regulation Until 2021
The U.S. Congress will try again in 2021 to try to approve long-stalled reforms to speed the adoption of self-driving cars, a key Democratic lawmaker said Wednesday. U.S. lawmakers have been divided for years over how to reform regulations governing …
POSTED SEPTEMBER 24, 2020 5:00 AM |
Insurers May Cut Allocations to Poorly Performing Hedge Fund Investment Sector
Having complained for years about hedge funds’ high fees and lackluster performance, insurance firms may be preparing to cut allocations to the sector after its poor performance during recent market upheaval left many of them nursing losses. That would be …
POSTED SEPTEMBER 24, 2020 5:00 AM |
Crest Insurance in Arizona Names Hankal Commercial Lines Manager
Crest Insurance Group LLC of Scottsdale, Ariz. has promoted Lisa Hankal to commercial lines manager. Hankal will be overseeing employees within the commercial lines department from all seven branches including Tucson, Scottsdale, Sierra Vista, Flagstaff, San Diego, Denver and Ft. …
POSTED SEPTEMBER 24, 2020 5:00 AM |
Oregon Issues Insurance Emergency Order for Wildfire Victims
The Oregon Department of Consumer and Business Services’ Division of Financial Regulation has issued an insurance emergency order for people affected by the state’s wildfires. Insurance companies must immediately take steps to do the following until the order is no …
POSTED SEPTEMBER 23, 2020 10:52 PM |
Bank of England Warns Private Insurers Need Government to Help Narrow Protection Gap
The Bank of England has encouraged the government to work with U.K. insurers in preparation for future major shocks, rather than leave swathes of the economy exposed to catastrophic losses. The danger of a “protection gap” is emerging as firms …
POSTED SEPTEMBER 23, 2020 6:00 PM |
Coast Guard Expert Testifies Heavy Loads Left Cargo Ship Unstable
A U.S. Coast Guard analysis found that a cargo ship overturned after departing a Georgia seaport because of unstable loading that left its center of gravity too high, making the vessel susceptible to rolling over, an expert told officials investigating …
POSTED SEPTEMBER 23, 2020 4:59 PM |
Florida Peninsula Promotes Austin to Director of Special Investigations
The board of Florida Peninsula Insurance Co., a top 10 homeowners insurance company in Florida, has promoted Virginia Austin to director of Special Investigations. Austin, who began her career with Florida Peninsula as a claims examiner, has managed the company’s …
POSTED SEPTEMBER 23, 2020 4:46 PM |
Purdue Report: 21 Work-Related Deaths on Indiana Farms in 2019
Indiana had 21 work-related deaths on farms deaths last year, the fewest number of documented cases since 2013, Purdue University announced on Sept. 22. Three of the victims were children under the age of 5, while 11 were 60 or …
POSTED SEPTEMBER 23, 2020 4:44 PM |
2 Injured by Minneapolis Police Projectiles During Unrest Suing City
Two men injured by police during violence that followed the death of George Floyd in Minneapolis are suing the city, its police chief and unnamed officers. Soren Stevenson, 25, lost his left eye after he was shot by police with …
POSTED SEPTEMBER 23, 2020 4:37 PM |
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