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News – Insurance Journal

Insurance Agents Assured of Trump Pass-Through Tax Break Under Final Treasury Rule
The U.S. Treasury today issued final regulations and other guidance on a provision of the Tax Cuts and Jobs Act that allows owners of sole proprietorships, partnerships, trusts, and S corporations to deduct up to 20 percent of their qualified …

POSTED JANUARY 18, 2019 9:41 PM
Oklahoma Securities Agency’s Computer Files Breached, Firm Says
The Oklahoma agency that protects investors from fraud is investigating whether its data was breached after a cybersecurity research team discovered that a computer server had left millions of files unsecured and open to the public. Oklahoma Department of Securities …

POSTED JANUARY 18, 2019 5:47 PM
Former Farmers, AIG Direct, 21st Century Exec DeSantis Named President, CEO of The General
Nashville-based auto insurer The General has appointed veteran insurance executive Tony DeSantis to the new position of president and chief executive officer, joining Chief Operating Officer Steve Tjugum as the company’s top leaders. Elicia Azali has been named Marketing senior …

POSTED JANUARY 18, 2019 5:43 PM
South Carolina Capitol City Bans Electric Scooters
South Carolina’s capitol city has banned electric scooters for a year while the city studies the operation of companies providing the service. News outlets reported Columbia City Council voted Tuesday to prohibit the use of electric scooters to protect the …

POSTED JANUARY 18, 2019 5:36 PM
Arthur J. Gallagher Acquires Interstate Insurance Underwriters in Louisiana
Arthur J. Gallagher & Co. has acquired Shreveport, Louisiana-based Interstate Insurance Underwriters LLC, the company announced. Terms of the transaction were not disclosed. Founded in 1963, Interstate Insurance Underwriters is a managing general agency (MGA) offering a variety of property/casualty …

POSTED JANUARY 18, 2019 5:35 PM
New Suits Filed Over Pain Meds Given to Near-Death Patients in Ohio
An Ohio man said on Jan. 16 he was stunned to learn of allegations that his wife’s hospital death last year was caused by a doctor’s order for a fatal dose of pain medication. David Austin said he called an …

POSTED JANUARY 18, 2019 5:14 PM
Ohio Hospital: Doc Gave Excessive Pain Meds to Near-Death Patients, Suit Filed
An intensive care doctor ordered “significantly excessive and potentially fatal” doses of pain medicine for at least 27 near-death patients in the past few years after families asked that lifesaving measures be stopped, an Ohio hospital system announced after being …

POSTED JANUARY 18, 2019 5:10 PM
California OK’s Pot Deliveries into Communities that Ban Sales
California has endorsed a rule that will allow home marijuana deliveries statewide, even into communities that have banned commercial pot sales. The regulation by the state Bureau of Cannabis Control was opposed by police chiefs and other critics who predict …

POSTED JANUARY 18, 2019 4:40 PM
California Insurance Commissioner Names Executive Team
California Insurance Commissioner Ricardo Lara announced new members of his executive team, including the first Latina chief deputy in the history of the California Department of Insurance. The new executive team members join an existing leadership team. “I am proud …

POSTED JANUARY 18, 2019 4:34 PM
PG&E Says It Won’t Commit to Paying Settlements With 2015 California Fire Victims
PG&E Corp. is so cash-starved that it won’t commit to paying settlements reached with people who lost their homes in a 2015 wildfire caused by a tree falling on a power line. The disclosure by a lawyer for the utility …

POSTED JANUARY 18, 2019 4:22 PM

News – Claims Journal

Government Shutdown Stalls Wildfire Preparations
Just two months after a wildfire wiped out Paradise, California, officials are gearing up for this year’s fire season and fear the government shutdown could make it even more difficult than one of the worst in history. The winter months …

POSTED JANUARY 18, 2019 2:19 PM
PG&E Bankruptcy Could Lead to Price Hikes, Unpaid Wildfire Lawsuits
Pacific Gas & Electric Co. said this week it will file for bankruptcy, raising concern that rates for electricity and gas will rise and victims of California wildfires who are suing the nation’s largest utility won’t get all the money …

POSTED JANUARY 18, 2019 10:15 AM
Business News: Tower MSA Partners, Berkley One, Method Insurance Services
Tower MSA Partners Launches Quarterly Webinar Series Tower MSA Partners is launching a free, quarterly webinar series to help payers become more proficient in settling workers’ compensation claims, Medicare Secondary Payer compliance and Medicare Set-Asides. The first webinar on January …

POSTED JANUARY 18, 2019 10:13 AM
Kansas Mother Settles Wrongful Death Police Shooting Suit for $2.3M
The mother of a suburban Kansas City teenager who was fatally shot by police as he backed a minivan out of his family’s garage has reached a $2.3 million settlement with the city. In the settlement, the city of Overland …

POSTED JANUARY 18, 2019 10:08 AM
New Report Highlights Increase in Food Recalls
If it feels like you’re reading about a new food recall practically everyday, it’s not all in your head – or stomach. A report released Thursday by the U.S. PIRG Education Fund found that recalls of food have increased 10 …

POSTED JANUARY 18, 2019 9:58 AM
Grocery Stores Improve Safety by Employing Robots to Detect Spills
A wheeled robot named Marty is rolling into nearly 500 grocery stores to alert employees if it encounters spilled granola, squashed tomatoes or a broken jar of mayonnaise. But there could be a human watching from behind its cartoonish googly …

POSTED JANUARY 18, 2019 9:23 AM
Traffic Crash Site Assessments Safer, Faster and More Accurate Using Drones
Idling in a long highway line of slowed or stopped traffic on a busy highway can be more than an inconvenience for drivers and highway safety officers. It is one of the most vulnerable times for “secondary accidents,” which often …

POSTED JANUARY 17, 2019 2:56 PM
Michigan Senate GOP Says Cutting Car Insurance Rates is a Top Priority
Senate Republicans on Tuesday signaled their intent to make lowering high auto insurance premiums a top priority in the two-year session, proposing legislation that would make it optional for Michigan drivers to buy what is now mandatory unlimited medical coverage. …

POSTED JANUARY 17, 2019 2:37 PM
Today Marks 25th Anniversary of Deadly Southern California Northridge Quake
This week marks 25 years since a deadly earthquake struck Southern California’s densely populated San Fernando Valley. The state said at least 57 died in the magnitude 6.7 Northridge quake, but a study issued the following year put the death …

POSTED JANUARY 17, 2019 2:14 PM
Investors Ignored PG&E Warning About Disasters
PG&E Corp. told investors repeatedly that weather-related disasters were a risk, but many didn’t pay enough attention until the company was on the brink of bankruptcy. The company included warnings in its regulatory filings and offering prospectuses citing how disasters …

POSTED JANUARY 17, 2019 9:46 AM

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