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News – Insurance Journal
Nevada Governor Signs Business Liability And Worker Protection Bill
Nevada Gov. Steve Sisolak has signed legislation expanding workplace safety protections for hotel and casino employees and shielding businesses that follow health directives from coronavirus-related lawsuits. “It’s about acknowledging that Nevada relies heavily on the single industry, the hospitality industry. …
POSTED AUGUST 14, 2020 8:33 PM |
California Wildfires Burning Amid High Risk of Large Blazes
Dry vegetation fueled three wildfires near Los Angeles amid warnings Friday that the risk of new blazes erupting was high as temperatures spike and humidity levels drop during a statewide heat wave. A huge forest fire that prompted evacuations north …
POSTED AUGUST 14, 2020 8:24 PM |
Dallas Doctor Sentenced to 5.5 Years in Prison for Health Care, Insurance Fraud
A Texas-based anesthesiologist has been sentenced to five and a half years in prison and ordered to pay more than $82.9 million in restitution for his part in a $200 million healthcare and insurance fraud scheme, according to federal attorneys. …
POSTED AUGUST 14, 2020 4:50 PM |
Oklahoma Highway Bridge Conditions Move from Worst to Top 10 in U.S. Ranking
The conditions of Oklahoma’s highway bridges used to be ranked as some of the worst by federal highway officials. A new ranking by the Federal Highway Administration shows they have achieved the status of the some of the best nationally. …
POSTED AUGUST 14, 2020 4:31 PM |
Insurers to Pay Part of $28.1M Award to Those Exonerated in Nebraska Slaying
A Nebraska county that owes $28.1 million to six people wrongfully convicted of murder reached a settlement with several insurance companies to help pay part of the judgment. The Gage County board approved agreements with six insurers to secure $5.98 …
POSTED AUGUST 14, 2020 4:14 PM |
Axa Weighs $177 Million Sale of Greek Business to Generali
Axa SA is in talks to sell its Greek operations to Italian insurer Assicurazioni Generali SpA, according to people familiar with the matter, as part of its plans to ditch business lines deemed surplus to requirements. The two companies and …
POSTED AUGUST 14, 2020 3:27 PM |
Trump Seeks Dismissal of Legal Challenge to Executive Order by Social Media Firms
The Trump administration has filed a motion asking a court to dismiss a lawsuit against the president’s executive order targeting social media companies, calling it a “profound misunderstanding,” according to a copy of the motion seen by Reuters. The lawsuit …
POSTED AUGUST 14, 2020 3:03 PM |
Alibaba’s Ant Group Makes Preparatory Filing in China for Giant IPO
Ant Group, the fintech arm of Chinese e-commerce company Alibaba Group Holding, has made a preparatory filing with China’s securities regulator for its planned blockbuster initial public offering. The group, China’s biggest mobile payments company, said in July it had …
POSTED AUGUST 14, 2020 2:43 PM |
CopperPoint in Arizona Announces New Regional Structure
CopperPoint Insurance Cos., a western-based super regional commercial insurance company, announced a new regional structure led by regional presidents. The company has organized its core 10 state western footprint into three regions: California Region Southwest Region: Arizona, Nevada, Colorado, Utah, …
POSTED AUGUST 14, 2020 2:15 PM |
Investors Back Startups for Commercial Auto, Climate Risk, High Risk Homes
An insurtech managing general agency focused on commercial auto insurance has raised $16 million in new Series A financing, a climate-risk related platform has $4.2 million in new seed financing, and a home insurance reciprocal and MGA focused on catastrophe-prone …
POSTED AUGUST 14, 2020 1:05 PM |
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