P&C Industry News

Insurance Journal

  • Texas Bill Affirming Workers’ Comp Division Fraud Unit Advances May 26, 2017
    The Texas Senate has passed legislation that affirms the authority of Texas Division of Workers’ Compensation fraud unit to conduct criminal investigations. The Senate passed HB 2053 on May 24; it was previously approved in the House. According to the legislative …
    Stephanie K. Jones
  • Storms Bring Tornadoes, Flash Floods, Evacuations in Midwest May 26, 2017
    Heavy rainfall that sparked flash flooding in Fort Wayne, Ind., forced motorists to flee submerged cars and prompted the evacuation of about 20 homes in the northeastern Indiana city. And in Ohio, authorities say tornadoes that touched down in three …
    Stephanie K. Jones
  • A.M. Best Assigns Ratings to Wisconsin’s Integrity Select Insurance May 26, 2017
    A.M. Best has assigned a financial strength rating of A (Excellent) and a long-term issuer credit rating of “a+” to Integrity Select Insurance Co. (Integrity Select) in Appleton, Wis. The outlook assigned to these credit ratings is stable. Integrity Select is a …
    Stephanie K. Jones
  • Report: St. Louis Tank in Deadly Explosion Needed Emergency Repairs May 26, 2017
    A giant steam-filled tank weighing nearly 2,000 pounds (900 kilograms) that exploded at a St. Louis box plant, flew a quarter-mile into the air and smashed into a neighboring building, was being used despite needing emergency repairs, federal investigators said …
    Stephanie K. Jones
  • OSHA, Mid Continent Recommit to Oklahoma Oil and Gas Worker Safety Alliance May 26, 2017
    U.S. Department of Labor’s Occupational Safety and Health Administration and Mid Continent Exploration and Production Safety Network have renewed an alliance to promote safety at oil and gas operations in Oklahoma. OSHA reported that the alliance is committed to providing information …
    Stephanie K. Jones

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Business Insurance

  • Illinois workers comp reform passes Senate May 26, 2017
    The Illinois Senate passed two pieces of workers compensation reform legislation that would reduce the cost of workers compensation insurance for Illinois employers and introduce market competition.
  • Comp industry seeks solutions for opioid epidemic May 26, 2017
    The workers compensation industry continues to address the epidemic of opioids, which have been used to treat chronic pain for years even though they have been found to be ineffective in treating long-term pain.
  • Cyber insurance market slow to develop: Allianz exec May 26, 2017
    (Reuters) — The tiny market for cyber insurance has been slower to develop than generally anticipated, a member of Allianz S.E.'s board said.
  • Travelers unit not liable for debris removal above flood damage cap May 26, 2017
    A Travelers Cos. Inc. unit is not responsible for debris removal costs for a property damaged during Superstorm Sandy in excess of its policy’s $1 million flood damage cap.
  • Sugar in jelly beans? How dare they! May 26, 2017
    Jelly beans contain sugar; read the label. So says Jelly Belly in response to a class action lawsuit filed earlier this year by a California, woman who objected to the amount of sweet stuff in their product.