News – Insurance Journal

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18 02, 2020

QBE Insurance Names Wilkins as Chairman, Succeeding Becker Who Is Retiring

By | February 18th, 2020|Uncategorized|Comments Off on QBE Insurance Names Wilkins as Chairman, Succeeding Becker Who Is Retiring

QBE Insurance Group announced that Michael (Mike) Wilkins has been elected to succeed W. Marston (Marty) Becker as chairman of the group board. Wilkins will step into the role of group chairman on March 1, 2020, and Becker will retire …

18 02, 2020

Storm Sabine (AKA Ciara) Cost Insurers $731M in Germany: GDV

By | February 18th, 2020|Uncategorized|Comments Off on Storm Sabine (AKA Ciara) Cost Insurers $731M in Germany: GDV

Storm Sabine caused insured losses of 675 million euros ($731 million) in Germany this month, the GDV Insurance Association said on Tuesday, making it the sixth most costly storm in Europe’s largest economy since 2002. Storm Sabine, which was known …

18 02, 2020

Arch Re to Buy Majority Stake in Australia’s Precision Marketing Asia Pacific

By | February 18th, 2020|Uncategorized|Comments Off on Arch Re to Buy Majority Stake in Australia’s Precision Marketing Asia Pacific

Arch Reinsurance, a wholly owned subsidiary of Bermuda-based Arch Capital Group Ltd., announced it has entered into an agreement in principle to obtain a majority stake in Precision Marketing Asia Pacific (PMAP), subject to regulatory and other approvals. PMAP is …

18 02, 2020

Swiss Re’s iptiQ and IKEA Partner to Offer Home insurance

By | February 18th, 2020|Uncategorized|Comments Off on Swiss Re’s iptiQ and IKEA Partner to Offer Home insurance

Swiss Re’s iptiQ and IKEA announced the launch of HEMSÄKER, home insurance that provides accessible protection at an affordable price, said Swiss Re in a statement. HEMSÄKER, which can be purchased online via the IKEA website, was created to extend …

18 02, 2020

12 Chinese Insurers Co-Launch Coverage for Businesses Hit by Coronavirus

By | February 18th, 2020|Uncategorized|Comments Off on 12 Chinese Insurers Co-Launch Coverage for Businesses Hit by Coronavirus

China’s southern province of Hainan has launched the first specially designed insurance product to cover losses incurred by businesses as a result of the coronavirus outbreak in the country, the banking and insurance regulator said. The scheme has set aside …

18 02, 2020

Louisiana Student Hospitalized After Pushup Punishment Awarded $183K

By | February 18th, 2020|Uncategorized|Comments Off on Louisiana Student Hospitalized After Pushup Punishment Awarded $183K

A Louisiana appeals court ruled that a former high school student who was hospitalized after being ordered to perform 200 pushups as punishment was rightfully awarded more than $180,000 in damages. Former McKinley High School student Tristen Rushing was late …

18 02, 2020

Chubb Expands Incident Reporting Tool to Excess Casualty Clients

By | February 18th, 2020|Uncategorized|Comments Off on Chubb Expands Incident Reporting Tool to Excess Casualty Clients

Chubb has expanded access of its Incident Alert tool to its Excess Casualty clients during catastrophic events. The tool, which has previously been used by Chubb environmental and cyber customers, now can assist Excess Casualty clients during a catastrophic event …

18 02, 2020

California IHOP Cook Arrested for Workers’ Compensation Fraud

By | February 18th, 2020|Uncategorized|Comments Off on California IHOP Cook Arrested for Workers’ Compensation Fraud

California Department of Insurance detectives arrested Jonathan Quezada, 28, on multiple felony counts of insurance fraud and workers’ compensation insurance fraud after he allegedly falsified an insurance claim to receive unearned workers’ compensation benefits costing Californians over $22,000. Quezada was …

18 02, 2020

Idaho Football Players Win Settlement in False Arrest Lawsuit

By | February 18th, 2020|Uncategorized|Comments Off on Idaho Football Players Win Settlement in False Arrest Lawsuit

A Utah county agreed to pay more than $10,000 to settle a lawsuit filed by two Idaho State University football players who said they were falsely arrested during a bank robbery investigation. Nehemiah McFarlin and Atoatasi Fox will receive $5,100 …

18 02, 2020

Iowa District to Pay $4.8M to Settle Suit Over Deadly School Bus Fire

By | February 18th, 2020|Uncategorized|Comments Off on Iowa District to Pay $4.8M to Settle Suit Over Deadly School Bus Fire

A western Iowa school district will pay $4.8 million to settle a lawsuit brought by the family of 16-year-old girl who died in a 2017 school bus fire that also killed the bus driver. Riverside Community School District has reached …