Archive for April 2017

By Elizabeth Blosfield A Massachusetts Supreme Judicial Court (SJC) has upheld a Superior Court decision that defendant, Norfolk & Dedham Mutual Fire Insurance Company (Norfolk & Dedham), did not engage in unfair settlement practices in its handling of a personal injury claim. The … Read More Read more here:: Insurance Journal       

By Andrew G. Simpson In the London and other wholesale insurance markets, the practice of some brokers bundling similar accounts into high-volume portfolios to be more efficient and attract underwriters while still expecting bigger brokerage commissions has “gone beyond reasonable,” Chubb CEO and President Evan Greenberg … Read More Read more here:: Insurance Journal       

By Don Jergler Two-thirds of schools in Oregon’s largest district lack sufficient fire safety equipment, according to records obtained by the Oregonian/OregonLive. Portland Public Schools has 60 of 89 schools lacking up-to-date alarm systems, complete fire sensor coverage or other life-saving equipment required … Read More Read more here:: Insurance Journal       

By Don Jergler Boise, Idaho officials have expressed concerns with federal maps that propose adding hundreds of acres to a flood plain in the city, which could increase the cost and difficulty of buying or developing nearby property. The city disagrees with the … Read More Read more here:: Insurance Journal       

By Don Jergler An insuretech company launched in California today with the promise of providing online homeonwers insurance quotes in 60 seconds in what the Mountain View, Calif.-based company is calling “the most fundamental redesign of home insurance in recent times.” Hippo Insurance … Read More Read more here:: Insurance Journal       

Chubb Limited reported net income for the quarter of $1.09 billion, compared with $439 million for the same quarter last year. Operating income was $1,175 million, compared with $1,019 million, for the same quarter last year. The insurer’s property/casualty (P&C) combined ratio was 87.5 … Read More Read more here:: Insurance Journal       

York Risk Services Group (York), a Parsippany, N.J.-based provider of claims management, managed care, specialized loss adjusting, alternative risk programs, pool administration and other insurance services, has named Patrick Walsh as executive vice president and chief claims officer for York … Read More Read more here:: Insurance Journal       

By Don Jergler A Colorado city has agreed to pay $212,000 to settle a racial profiling lawsuit over the arrest of two black men that was captured on cellphone video and widely viewed on social media. The Colorado Springs Gazette reported the city … Read More Read more here:: Insurance Journal       

By Don Jergler Inspectors who visited Washington state’s largest psychiatric hospital found that safety problems that thrust the facility into the national spotlight after the escape of two dangerous patients a year ago persist, including neglected patients. And a survey of Western State … Read More Read more here:: Insurance Journal