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News – Insurance Journal
California Lawmakers Advance Resilient Homes Initiative
A bill to enable the California Earthquake Authority to expand mitigation programs cleared its first hurdle this week when it passed the Senate Insurance Committee. The Resilient Homes Initiative, Senate Bill 254, was authored and introduced in earlier this month …
POSTED APRIL 25, 2019 5:12 PM |
Report: Number of Michigan Traffic Deaths Fell Below 1,000 in 2018
Officials say Michigan traffic deaths dipped below 1,000 in 2018 for the first time since 2015. The Michigan State Police Criminal Justice Information Center announced Wednesday that Michigan traffic deaths totaled 974 in 2018, down 5% from 1,028 in 2017 …
POSTED APRIL 25, 2019 4:57 PM |
Insurtech, Cover, Now Selling Its Own Auto Policies in Texas
Cover, a mobile-first insurance brokerage, has begun selling its own auto insurance policies in Texas. The new service — an evolution from the company’s nationally-licensed insurance brokerage — combines a streamlined process for buying policies, using smartphone technology such as …
POSTED APRIL 25, 2019 4:30 PM |
Pro Global to Buy UK MGA Incubator, Vibe MGA Management
Pro Global Insurance Solutions, the London-based re/insurance consultant and service provider, announced it will acquire Vibe MGA Management Ltd. (VibeMM), an MGA incubator business. Pro is acquiring VibeMM from Vibe UK Holdings, the owners of Lloyd’s managing agent Vibe Syndicate …
POSTED APRIL 25, 2019 4:21 PM |
Train Cars Carrying Ethanol Derail, Catch Fire in Texas
No one was hurt when a Union Pacific train carrying ethanol derailed in a residential area in Fort Worth and caught fire. Union Pacific spokeswoman Kristen South says the train derailed at about 12:30 a.m. Wednesday near Echo Lake in …
POSTED APRIL 25, 2019 4:13 PM |
Seeman Holtz Acquires Schwarz Insurance Agency in Wisconsin
Seeman Holtz Property & Casualty LLC has acquired Schwarz Insurance Agency Inc., headquartered in Prairie du Sac, Wisconsin, with six other offices across the state. Kathy Schwarz, an active employee of the Schwarz Insurance Agency since 1987 and a co-owner …
POSTED APRIL 25, 2019 4:10 PM |
Minnesota AG: For-Profit Health Insurers Could Raid State’s Reserves
Minnesota Attorney General Keith Ellison has called on lawmakers to reverse a consequence of 2017 law that repealed the state’s ban on for-profit health maintenance organizations, saying for-profit companies could pocket billions in assets now held by the state’s nonprofit …
POSTED APRIL 25, 2019 4:07 PM |
Arizona Becomes 48th State with Cellphone-Driving Law
Arizona ended a decade of resistance to restrictions on using a cellphone while driving when Gov. Doug Ducey signed a law this week outlawing holding a phone behind the wheel. It is now the 48th state to ban texting and …
POSTED APRIL 25, 2019 2:04 PM |
Bayer Seeks Dismissal of $78M Roundup Glyphosate Verdict or New Trial
Bayer AG on Wednesday asked a California appellate court to throw out a $78 million judgment it was ordered to pay to a school groundskeeper who claimed the company’s weed killers gave him cancer. In a filing in California’s Court …
POSTED APRIL 25, 2019 1:14 PM |
Direct-to-Consumer Auto Insurers Grabbing Market Share
Direct-to-consumer auto insurers appear to be gaining serious market traction, according to a report from J.D. Power. The firm reports that auto insurance revenue hit $245 billion in 2018, reflecting industrywide growth of 6.2 percent. But 54 percent of those …
POSTED APRIL 25, 2019 1:03 PM |
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