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Exclusive: California Broker Plans Parametric Quake Product That Pays Even If No Damage
A California broker is promising to bring a “first-of-its-kind financial resource” that pays homeowners after an earthquake for a low monthly premium whether there’s damage to the home or not. A Berkeley, Calif.-based firm called Jumpstart Insurance Solutions Inc. recently …

POSTED JULY 22, 2017 12:03 AM
Chubb Launches Multi-line Practice for Large Transportation Clients
Chubb has launched a multi-line industry practice within its Major Accounts division that will provide insurance products, service and risk management options for best-in-class large risk transportation clients in the United States and Canada. Chubb’s Transportation Industry practice provides a …

POSTED JULY 21, 2017 4:59 PM
Morris Reappointed to Louisiana Workers’ Comp Advisory Council
Michael D. Morris of Baton Rouge has been reappointed to the Louisiana Workers’ Compensation Advisory Council. Morris is an attorney and the chief executive officer of the Louisiana Home Builders’ Association. He will serve as a representative of self-insured industries …

POSTED JULY 21, 2017 4:50 PM
Hundreds Evacuate from Flooding in Western Wisconsin City
Several hundred people evacuated their homes early on July 20 in the small western Wisconsin community of Arcadia where heavy rain sent a creek over its banks. The waterlogged city is part of more widespread flooding in Wisconsin and Minnesota …

POSTED JULY 21, 2017 4:48 PM
Fatal Arkansas Train Accident Prompts Hazard Rating Increase
The Arkansas Highway and Transportation Department has increased the hazard rating for a train crossing after the recent deaths of a couple whose car was struck by a train. ATHD Railroad Crossing Coordinator Steve Weston tells the Jonesboro Sun that …

POSTED JULY 21, 2017 4:46 PM
Authority Wants 1952 Quake Anniversary to Remind Californians to Prepare
Friday marks the 65th anniversary of the 1952 magnitude 7.5 earthquake that struck Kern County, Calif., considered the largest quake to strike Southern California since the 1870s. While the epicenter was on the White Wolf fault in the southern San …

POSTED JULY 21, 2017 4:41 PM
Louisiana Regulators Recover $4M for Insurance Policyholders
Insurance policyholders collected an additional $4 million in the first half of the year as a result of assistance provided by the Louisiana Department of Insurance (LDI). These funds are a result of staff from the LDI Office of Consumer …

POSTED JULY 21, 2017 4:37 PM
Minnesota Fines 2 Insurers for Refusing to Pay Auto Accident Claims
Minnesota Commerce Commissioner Mike Rothman has fined two insurance companies for violating state consumer protection laws by refusing to pay auto accident claims for damage caused by drivers they insured. In recent consent orders with the Commerce Department, American Family …

POSTED JULY 21, 2017 4:33 PM
Minnesota: Farmers Insurance Exchange Overcharged Renters for Auto Coverage
Minnesota Commerce Commissioner Mike Rothman has ordered an insurance company to refund more than $300,000 to Minnesota drivers who were charged higher auto insurance rates solely because they were renters rather than homeowners. According to the Minnesota Commerce Department Insurance …

POSTED JULY 21, 2017 4:29 PM
Pennsylvania’s PLM Names Selfe Vice President of Information Technology
Pennsylvania and Indiana Lumbermens Mutual Insurance Companies (PLM), a property and casualty insurance carrier based in Philadelphia, Penn., has named Erin Selfe vice president of information technology. With more than 20 years of experience, Selfe will be responsible for all …

POSTED JULY 21, 2017 3:44 PM

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