News – Insurance Journal

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12 04, 2021

4 Washington Students Hurt in Bus Crash Awarded $1.4M

By | April 12th, 2021|Uncategorized|Comments Off on 4 Washington Students Hurt in Bus Crash Awarded $1.4M

A jury has awarded four former marching band students at the University of Washington more than $1.4 million after they were injured in a bus crash on their way to a football competition with rival Washington State University. Students Alexia …

12 04, 2021

$29.5M Award for Nevada Family in Allergic Reaction Case

By | April 12th, 2021|Uncategorized|Comments Off on $29.5M Award for Nevada Family in Allergic Reaction Case

A jury has awarded $29.5 million to the family of a woman who was left brain damaged after being treated for a severe allergic reaction by an ambulance service in Las Vegas in 2013. Then-27-year-old Chantel Giacalone went into anaphylactic …

12 04, 2021

U.S. P/C Insurers Report 2020 Underwriting Profits Despite Costs of COVID-19: Fitch

By | April 12th, 2021|Uncategorized|Comments Off on U.S. P/C Insurers Report 2020 Underwriting Profits Despite Costs of COVID-19: Fitch

Despite considerable operating challenges in 2020 from the global COVID-19 pandemic, U.S. property/casualty (P/C) insurers saw a statutory underwriting profit for the third consecutive year, with an average 99% combined ratio, according to Fitch Ratings in a new report. In …

12 04, 2021

Confidence Among UK CFOs Hits Record High, Helped by Vaccinations, Brexit Hopes

By | April 12th, 2021|Uncategorized|Comments Off on Confidence Among UK CFOs Hits Record High, Helped by Vaccinations, Brexit Hopes

Confidence among big businesses in Britain about their profits in the year ahead has hit a record high, helped by the country’s coronavirus vaccinations and hopes for less Brexit disruption, a survey of chief finance officers showed. After the biggest …

12 04, 2021

Unlicensed California Agent Sentenced After Stealing $450K in Premiums

By | April 12th, 2021|Uncategorized|Comments Off on Unlicensed California Agent Sentenced After Stealing $450K in Premiums

Ai Ling Lee, 61, an unlicensed insurance agent living Hacienda Heights, was convicted of nine felony counts of grand theft after reportedly stealing nearly half-a-million dollars of her small business clients’ insurance premium payments. An investigation by the California Department …

12 04, 2021

Church Official Warns of Financial Flood from Clergy Sex Abuse Claims

By | April 12th, 2021|Uncategorized|Comments Off on Church Official Warns of Financial Flood from Clergy Sex Abuse Claims

A top official with the Archdiocese of Santa Fe says a financial flood from clergy sex abuse claims is coming and a settlement would serve as the dam to prevent devastation to parishes across northern New Mexico. A letter from …

12 04, 2021

Amwins Forms National Employee Benefits General Agency

By | April 12th, 2021|Uncategorized|Comments Off on Amwins Forms National Employee Benefits General Agency

Three general agencies specializing in employee benefits – LISI, BrokerNet USA and Amwins Group Benefits Small Business – have come together to form Amwins Connect Insurance Services, LLC, a national general agency. As a combined entity, Amwins Connect Insurance Services …

12 04, 2021

Hawaii Study Offers Steps to Battle Climate Change

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A new study from the University of Hawaii’s School of Architecture has offered detailed short- and long-term design alterations that could help the state combat the effects of climate change. Scientists have warned that Hawaii could face a rise of …

12 04, 2021

California County Agrees to Pay $3.5M in 2018 Jail Death Case

By | April 12th, 2021|Uncategorized|Comments Off on California County Agrees to Pay $3.5M in 2018 Jail Death Case

San Diego County will pay $3.5 million to settle a lawsuit brought by the family of a mentally ill man who died after deputies tried to forcefully remove him from a jail holding cell, a newspaper reported. The Union-Tribune said …

9 04, 2021

Los Angeles Paying $1.6M to Settle Suits Alleging Police Wrongdoing

By | April 9th, 2021|Uncategorized|Comments Off on Los Angeles Paying $1.6M to Settle Suits Alleging Police Wrongdoing

Los Angeles will pay nearly $1.6 million to settle three lawsuits involving alleged wrongdoing by the city’s police department, a newspaper reported. The City Council voted 12-1 this week to approve the payouts, which include $1.15 million for the shooting …