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News – Insurance Journal

Kinsale Launches Liability Product for Public Officials
The Public Entity Division of Kinsale Insurance Company is now offering public official liability coverage that provides for damages and defense costs for wrongful acts alleged against a public entity, an elected or appointed public official, or an employee. Employment …

POSTED JUNE 28, 2017 4:37 AM
A.M. Best Revises Outlooks to Negative for Georgia Farm Bureau Group Members
A.M. Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating (FSR) of B+ (Good) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “bbb-” of Georgia Farm Bureau Mutual Insurance Company (GFBMIC ) and …

POSTED JUNE 28, 2017 4:21 AM
West Virginia City Sues Liberty Mutual for $20M Over Claim Denial
A West Virginia city has filed a federal lawsuit seeking a $20 million insurance claim to cover damages at its hydroelectric plant. The Intelligencer reports that the lawsuit was filed this month in U.S. District Court in Wheeling. The city …

POSTED JUNE 28, 2017 4:20 AM
Commentary: Florida High Court Med Mal Award Cap Ruling Ignores Market History
In its recent ruling that the cap on noneconomic damages for personal injury awards or settlements in medical negligence cases was unconstitutional, the Florida Supreme Court ignored why these caps were put into place—to ensure patients’ access to care and …

POSTED JUNE 28, 2017 4:05 AM
‘WannaCry’-Like Cyber Attack Spreading to Firms Globally
A new cyberattack similar to WannaCry is spreading from Europe to the U.S. and South America, hitting port operators in New York, Rotterdam and Argentina, disrupting government systems in Kiev, and disabling operations at companies including Rosneft PJSC, advertiser WPP Plc. and …

POSTED JUNE 28, 2017 12:21 AM
Senate Republicans Delay Healthcare Vote as Support Wanes
U.S. Senate Republican leaders postponed a vote on a healthcare overhaul on Tuesday after resistance from members of their own party, and President Donald Trump summoned Republican senators to the White House to urge them to break the impasse. The …

POSTED JUNE 28, 2017 12:02 AM
Regulators Fine Georgia County $294K for Sewage Spills
DeKalb County in Georgia has been fined $294,000 for spilling sewage into public waterways and underreporting the number of spills to environmental regulators. The Atlanta Journal-Constitution reports the fines were levied this week. The largest part of the fine, $147,500, …

POSTED JUNE 27, 2017 4:52 PM
Federal Aid Now Available to Rain-Swamped Louisiana Farmers
The U.S. Department of Agriculture (USDA) designated Evangeline Parish in Louisiana as a primary natural disaster area as the result of losses and damages caused by heavy and excessive rain that occurred from April 4, 2017, through May 23, 2017. …

POSTED JUNE 27, 2017 4:48 PM
$950K in Upgrades Planned for Minot, North Dakota, Levees
The North Dakota State Water Commission has agreed to pay more than $950,000 to Minot to help cover the cost of repairs and upgrades to the city’s existing levee system. The project includes removing trees and repairing erosion damage along …

POSTED JUNE 27, 2017 4:40 PM
Major Ransomware Attack Spreads from Europe to U.S.
A new cyber attack similar to WannaCry is spreading from Europe to the U.S., hitting port operators in New York and Rotterdam, disrupting government systems in Kiev, and disabling operations at companies including Rosneft PJSC and advertiser WPP Plc. More than 80 …

POSTED JUNE 27, 2017 4:39 PM

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