Archive for June 2017

By Don Jergler Hawaii’s largest workers’ compensation insurer is canceling insurance policies for seven medical marijuana dispensaries preparing to open this summer. Hawaii Employers’ Mutual Insurance Co., citing concerns over criminal liability since the drug is considered illegal by the federal government, notified … Read More Read more here:: Insurance Journal       

By Andrew G. Simpson A federal judge in California on Wednesday allowed some claims to proceed by investors who sued Volkswagen AG over its diesel emissions scandal, but agreed to the German automaker’s request to dismiss parts of the lawsuit. U.S. District Judge Charles … Read More Read more here:: Insurance Journal       

By Andrew G. Simpson Private auto net incurred losses will increase by nearly 7 percent in 2017 to a new record of approximately $154 billion, reflecting elevated volume and costs of claims, according to a new S&P Global market outlook. According to the U.S. … Read More Read more here:: Insurance Journal       

By Don Jergler The home of “Big Bang Theory” star Johnny Galecki has been destroyed in a wildfire in California. Nicole Perna, a spokeswoman for the 42-year-old actor, says his home on a ranch in the San Luis Obispo area was destroyed by … Read More Read more here:: Insurance Journal       

By Don Jergler Sacramento, Calif.-based Owen-Dunn Insurance Services has embarked on a national expansion with the launch of ODI Group Captive to meet demand from mid-size business owners for captive insurance. In addition to creating its new group captive, the brokerage brought on … Read More Read more here:: Insurance Journal       

By Don Jergler JLT Specialty USA has named Jennifer Schaeffer senior vice president. Schaeffer will be based in Based in San Francisco, Calif. She will focus on business development with specialties in technology, fintech and private equity. Schaeffer has experience in corporate risk … Read More Read more here:: Insurance Journal       

By Elizabeth Blosfield A subway train derailed Tuesday as it entered a station, tossing people to the floor, forcing hundreds of shaken-up passengers to evacuate through darkened tunnels and delivering another jolt to a transit system plagued by aging equipment and reliability problems. … Read More Read more here:: Insurance Journal       

By Don Jergler Alliant Insurance Services Inc. has named Andrew Laing a producer within the company’s Alliant Americas middle market division. Laing will be based in Portland, Ore. and be responsible for the design and delivery of insurance and risk management solutions to … Read More Read more here:: Insurance Journal       

By Don Jergler NFP Corp. has acquired Flagstaff, Ariz.-based International Insurance Group Inc. Nate Watson, chief operating officer of IIG, will join as managing director of NFP’s property/casualty business and report directly to Terry Scali, CEO of NFP’s P/C business. The sellers, Jim … Read More Read more here:: Insurance Journal