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News – Insurance Journal

California’s Plan for PG&E Bonds to Cover Fire Damages in Final Stages
California is finalizing the details of a plan that could let PG&E Corp. issue bonds to cover potential damages from wildfires that destroyed thousands of homes last year. The details are still being worked out, and a proposal may be …

POSTED AUGUST 20, 2018 11:58 PM
California Workers’ Compensation Bureau Submits Lower Pure Premium Filing
The Workers’ Compensation Insurance Rating Bureau of California on Monday submitted an advisory pure premium rate filing lower than last year’s approved rate to the California Insurance Commissioner. The advisory pure premium rates proposed to be effective Jan. 1, 2019 …

POSTED AUGUST 20, 2018 11:54 PM
Damage Reported in Mississippi City Hit by EF1 Tornado
The National Weather Service confirms a tornado hit the central Mississippi city of Madison. The agency, in a Twitter post Saturday, said a survey team confirmed Friday’s damage was the result of an EF1 tornado. Several trees were snapped along …

POSTED AUGUST 20, 2018 4:38 PM
Washington Lawmaker Sues University, Investigator over Firing
Republican Rep. Matt Manweller is suing Central Washington University and the investigator it hired to look into allegations of inappropriate conduct. Manweller, a political professor at the college since 2003, was fired from the school last week, and immediately filed …

POSTED AUGUST 20, 2018 3:10 PM
Jury Rules Nevada Liable for 2017 Wildfire That Burned 23 Homes
A jury has found the Nevada Division of Forestry liable for the loss of 23 homes and 17 other buildings in a 2016 wildfire after strong winds re-ignited a prescribed burn. The verdict set the stage for future court proceedings …

POSTED AUGUST 20, 2018 3:08 PM
Dry Fall And Worsening Drought in Oregon Portends Wildfires
A climate prediction report issued by the National Weather Service says Oregon will remain hot, dry and smoky well into autumn this year. The Statesman Journal reported that forecast in the report released last week means that the state’s existing …

POSTED AUGUST 20, 2018 3:06 PM
Changes in California Fire-Liability Law Looking Less Likely
California utilities won’t get a break from lawmakers who were weighing changes to state liability laws that expose the companies to billions in potential damages from last year’s wildfires. Lawmakers don’t have enough time to study and pass a bill …

POSTED AUGUST 20, 2018 2:46 PM
Jewelers Mutual Acquires Shipping Software Firm TransGuardian
Specialty insurer Jewelers Mutual Group has purchased the assets of TransGuardian Inc., a high-value item shipping and logistics software company. Terms of the transaction were not disclosed. Jewelers Mutual partnered with TransGuardian in 2017 to develop its JM Shipping Solution, …

POSTED AUGUST 20, 2018 2:24 PM
Trump Asks SEC to Study 6-Month Instead of Quarterly Corporate Filings
President Donald Trump said on Friday he had asked the U.S. Securities and Exchange Commission to study the impact of allowing companies to file reports with the financial regulator every six months instead of every quarter. “That would allow greater …

POSTED AUGUST 20, 2018 1:53 PM
Pennsylvania Governor Declares Disaster After Recent Floods
Days after touring areas of eastern Pennsylvania that were hard-hit by flooding, Governor Tom Wolf has signed a “disaster emergency” proclamation for the area. Friday’s move allows the state to ask for a federal disaster declaration and seek funding for …

POSTED AUGUST 20, 2018 1:36 PM

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