Archive for January 2017

By Stephanie K. Jones A divided Iowa Supreme Court on Jan. 27 upheld a legal doctrine going back 100 years that protects agriculture drainage districts against lawsuits. The ruling presents an obstacle for the Des Moines Water Works, which is pursuing a lawsuit in … Read More Read more here:: Insurance Journal       

By Don Jergler The phrase “new normal” might be a cliché, but it was too hard for Ben McKay, executive director of the Surplus Lines Association of California, to avoid using when describing the state’s excess and surplus market in 2016 and going forward. … Read More Read more here:: Insurance Journal       

Lockton is expanding to Seattle Wash., and adding Laura Walton as a senior vice president. The move is effective Feb. 13 and is part of Lockton’s expansion in the Pacific Northwest. Walton will lead business development and client strategy for … Read More Read more here:: Insurance Journal       

By L.S. Howard Ontario Municipal Employees Retirement System agreed to invest $1 billion to back the $4.8 billion acquisition by Prem Watsa’s Fairfax Financial Holdings Ltd. of insurer Allied World Assurance Co. The investment will give OMERS a 21 percent stake in Allied … Read More Read more here:: Insurance Journal       

Beazley has hired life sciences underwriter Marc Amis in its San Francisco, Calif. office. Amis comes from Chubb, where he was a senior life sciences underwriter for the Western region. He was previously a regional underwriter for G.E. Risk Solutions … Read More Read more here:: Insurance Journal       

By Stephanie K. Jones Lawyers who won a $45 million settlement for Arkansas Marlboro Lights smokers will now receive a $1.9 million payment for the case. The Arkansas Democrat-Gazette reports Pulaski County Circuit Judge Tim Fox approved the reimbursement for the lawyers’ expenses on … Read More Read more here:: Insurance Journal       

The state of Montana has reached settlements totaling $25 million with more than 1,000 victims of asbestos-related disease over claims that health officials failed to bring attention to the hazards of a contaminated mine. The Flathead Beacon reported that the … Read More Read more here:: Insurance Journal       

By Andrew G. Simpson The Trump administration has pulled some advertising designed to encourage people to sign up for health insurance under the Affordable Care Act, days before the final deadline to buy 2017 health plans under the law. The Department of Health and … Read More Read more here:: Insurance Journal       

By Don Jergler A jury has awarded $1.25 million to a former San Diego, Calif. high schooler who was denied a bathroom break and forced to urinate in a bucket. The girl, then 14, used the bucket in a Patrick Henry High School … Read More Read more here:: Insurance Journal