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News – Claims Journal

Senate Will Probe Pipeline Massachusetts Blasts Tied to Utility Work
A Senate oversight panel next month will convene a hearing to probe the series of explosions in September that rocked several towns north of Boston, an incident that federal investigators have linked to work orders by NiSource Inc.’s Columbia Gas …

POSTED OCTOBER 16, 2018 9:43 AM
California Train Agency Fined $650,000 for Worker Deaths
Regulators fined the San Francisco Bay Area’s transit agency $650,000 on Thursday for safety failures that led a commuter train to strike and kill two workers inspecting track five years ago during a union strike. The California Public Utilities Commission …

POSTED OCTOBER 16, 2018 8:55 AM
Report: Homes in Fire-Prone Areas Hike Missoula Firefighting Costs
Rapid population growth and the desire to live near forests means new housing in western Montana is being built in wildfire-prone areas, increasing taxpayer-funded fire suppression liabilities and putting lives and property in danger, according to a new study. Half …

POSTED OCTOBER 16, 2018 8:20 AM
In a Proactive Move, PG&E Cuts Power to 60,000 to Prevent Wildfires
PG&E Corp. deliberately left customers in the dark for the first time as a precaution to prevent wildfires from breaking out. Almost 60,000 customers in six counties across the Sierra Nevada foothills and Northern California wine country were blacked out …

POSTED OCTOBER 16, 2018 8:05 AM
Property/Casualty Industry’s Net Income More Than Doubles to $34B in First-Half 2018
Private U.S. property/casualty insurers saw their net income after taxes more than double to $34 billion in first-half 2018 from $15.5 billion in first-half 2017, with the help of lower catastrophe losses, growing premiums, and an increase in investment income, …

POSTED OCTOBER 16, 2018 8:03 AM
N.Y. Senator Says Feds Haven’t Done Enough to Investigate Limo Safety
On the heels of a horrific limousine crash that killed 20 people in upstate New York, the Senate’s top Democrat is pointing to glaring gaps in safety data that he says exist because federal officials have not done enough to …

POSTED OCTOBER 15, 2018 2:07 PM
Analysts: Florida Insurers Can Weather Effects of Michael
Florida’s disjointed property insurance system that relies almost exclusively on small and midsize companies will take a multibillion dollar loss from Hurricane Michael, but has sufficient reserves and backups that providers should be able to pay claims without problems, analysts …

POSTED OCTOBER 15, 2018 1:45 PM
Massachusetts Gas Blasts Linked to NiSource Unit’s Work Orders
A series of explosions that rocked several towns north of Boston, Mass., last month has been linked to work orders given to a crew replacing aging natural gas pipes, according to federal safety investigators. Crews contracted by NiSource Inc.’s Columbia …

POSTED OCTOBER 15, 2018 9:49 AM
Study: Speed Limit Enforcement Cameras Save Money and Lives in NYC
Speed cameras rank among the most cost-effective social policies, saving both money and lives according to research conducted at Columbia Mailman School of Public Health. Using the 140 speed cameras in New York City as a case study, researchers analyzed …

POSTED OCTOBER 15, 2018 9:33 AM
Air Cargo Considers Single-Pilot Jets as Autonomous Flight Nears
Aerospace and innovation have gone hand-in-hand since the days of Orville and Wilbur Wright. Airplanes were once simple metal tubes powered by propellers. Long-haul flying meant four engines and at least three pilots on the flight deck at all times. …

POSTED OCTOBER 15, 2018 9:02 AM

News – Insurance Journal

Canada Gets Ready for Legalized Recreational Marijuana on Oct. 17
Mat Beren and his friends used to drive by the vast greenhouses of southern British Columbia and joke about how much weed they could grow there. Years later, it’s no joke. The tomato and pepper plants that once filled some …

POSTED OCTOBER 16, 2018 10:40 AM
Brokerslink Names Fonseca, MDS Group’s CEO, as Chairman, Replacing Allard
Global broking network Brokerslink announced it has appointed José Manuel Fonseca as its new chairman, replacing Grégory Allard, who steps down after a two-year tenure. As one of the original founders of Brokerslink, Fonseca also is the CEO of Porto, …

POSTED OCTOBER 16, 2018 9:11 AM
UK Needs to Get ‘Good and Scared’ About No-Deal Brexit: Opinion
The European Union summit in Brussels this week was meant to be historic: a Brexit divorce deal would be reached and sent to parliaments to be approved. That is now not going to happen, once again raising the risk that …

POSTED OCTOBER 16, 2018 8:14 AM
Singapore’s Temasek Has Held Talks to Buy Stake in China’s Anbang: Sources
Singapore’s state investment firm, Temasek Holdings Pte, has held talks with Chinese authorities about acquiring a stake in Anbang Insurance Group Co. as well as some of its assets, according to people with knowledge of the matter. Temasek has been …

POSTED OCTOBER 16, 2018 7:58 AM
UK Cyber Security Center Blames Most Attacks on Hostile States
The U.K.’s National Cyber Security Centre blamed hostile foreign states for the majority of the 1,167 attacks it has handled in the two years it’s been running, equivalent to 10 assaults a week. In the organization’s second annual report, published …

POSTED OCTOBER 16, 2018 7:50 AM
Kimberly Fobbs, Candidate for Oklahoma Insurance Commissioner
Oklahoma Insurance Commissioner Election 2018 The office of the insurance commissioner in Oklahoma is an elected position. The current commissioner, John D. Doak, is term limited and cannot run again; his successor will be determined in the general election that …

POSTED OCTOBER 16, 2018 5:03 AM
ShakeOut an Opportunity to Sell Earthquake Policies in California and Beyond
Millions of people are expected to drop, cover and hold on at 10:18 a.m. PST on Thursday, which should be a good opportunity for insurance agents to try and sell some policies, according to the head of the California Earthquake …

POSTED OCTOBER 16, 2018 5:00 AM
Judge Rules Trump’s Tweet Over Stormy Daniels Was Free Speech, Not Libel
Stormy Daniels’s libel lawsuit over a tweet by Donald Trump accusing her of “a total con job” was thrown out by a judge who said the president was engaging in free speech. The adult film star, whose real name is …

POSTED OCTOBER 16, 2018 5:00 AM
Drug Ads on TV Would Show Prices Under Trump Administration Proposal
The U.S. government, in an effort to increase pressure on drugmakers to lower costs for U.S. consumers, said on Monday it will propose requiring companies to include the price of their prescription medicines in television ads. Health and Human Services …

POSTED OCTOBER 16, 2018 5:00 AM
Worldwide Facilities Restructures; Promotes Stuckman, Haldeman to President Roles
National wholesale brokerage, managing general agent and program underwriter Worldwide Facilities has announced a restructuring that reorganizes operations into three divisions: Worldwide Brokerage, Worldwide MGA, and Worldwide Programs. The move is in response to the Los Angeles-based firm’s fast growth …

POSTED OCTOBER 16, 2018 5:00 AM

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