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Daily Headlines
March 27, 2017
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Today's Headlines


Insurers, Victims Sue Saudi Arabia Over Sept. 11 Terrorist Attacks

Saudi Arabia is facing a renewed $6 billion lawsuit by dozens of insurers seeking to hold it responsible for business and property damage ...

Uber Resuming Autonomous Car Program After Crash

Driverless vehicles operated by Uber Technologies Inc. were back on the road in San Francisco on Monday after one of its self-driving cars ...
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How Republicans Can Unravel Obamacare Without Repealing It

Republicans may have failed to overthrow Obamacare last week, but there are plenty of ways they can chip away at it. The Trump ...

4 Million Driving Jobs at Risk from Autonomous Vehicles: Report

As many as four million truck, bus, delivery and taxi driving jobs could be lost if fully autonomous vehicle technology is adopted in a ...

The Hanover Launches Professional Liability Risk Management Portal

The Hanover Insurance Group, Inc. has launched a new online portal featuring risk management tools for the professional liability industry. ...

AIG Executives Hope Meetings Reassure Analysts, Investors

American International Group Inc. executives have been meeting with investors and analysts to build confidence in the insurer and its ...

Uber Halts Autonomous Vehicle Testing After Arizona Accident

Uber Technologies Inc. is suspending its self-driving car program after one of its autonomous vehicles was involved in a high-impact crash ...

From MyNewMarkets.com 7 Questions Agents Must Ask Cyber Insurance Prospects

An increase in spearfishing and ransomware, coupled with weakened data security due to more connected and mobile devices, means businesses,...
Carrier Management

Kemper CEO Lacher Seeks to Unlock Value and Build a Culture of Winners

Anyone listening to last year's investor updates from Kemper heard Joseph Lacher utter phrases such as "unclear...
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Uber Tells U.S. Appeals Court in New York Customers Must Arbitrate Disputes

A U.S. appeals court in New York on Friday weighed arguments over whether Uber Technologies Inc. customers gave up their right to sue the ...

Owners of Diner in New Jersey Admit Setting Fire for Insurance Money

The owners of a New Jersey diner have admitted burning it down to collect insurance. Sussex County prosecutors say 49-year-old Tina Diakos ...

Vermont Lawmakers Say Businesses Should See $28M Reduction in Expenses

Vermont businesses should see a $28 million reduction in expenses this year from lower workers' compensation and unemployment insurance ...

EPIC Acquires The Capacity Group in New Jersey

EPIC Insurance Brokers & Consultants has acquired the Capacity Group of Companies in Mahwah, N.J. Terms of the deal were not disclosed. As ...

Officials: Kansas Apartment Blaze Caused $23M to $25M in Damage

Officials in a Kansas City suburb where a fire destroyed a multimillion-dollar apartment building under construction and spread to about ...

Kansas Amusement Ride Safety Bill in the Works

Members of a Kansas House committee are pushing to ramp up oversight of temporary and permanent amusement park rides after a lawmaker's son ...

South Dakota Speeding Tickets Rise Along with 80 mph Limit

The number of speeding tickets issued by South Dakota state troopers has gone up since the state's top speed limit increased from 75 mph to ...

Great American Insurance Group Promotes Kornesczuk

Great American Insurance Group has promoted Jane Kornesczuk to divisional president of its Executive Liability Division. The division is ...

North Carolina Regulator Calls 13.8% Auto Rate Hike Unwarranted

The North Carolina Rate Bureau's request for an auto rate hike of 13.8 percent is not justified based on the data submitted, according to a ...

Alabama Supreme Court: Passenger Injured in Car Chase Can't Sue City, Police

A woman who was hurt in a car crash that ended a police chase more than three years ago can't sue the officers or the suburban Birmingham ...

Bradenton Insurance of West Florida Partners With Baldwin Risk Partners

Baldwin Risk Partners, a Tampa, Fla.-based insurance distribution holding company, has partnered with Bradenton Insurance LLC, of ...

Grandstaff Joins Florida-Based SUNZ as CFO, Executive Vice President

SUNZ Holdings of Bradenton, Fla., has appointed Michael W. Grandstaff to the position of chief financial officer and executive vice ...
South Central

Hailstorms Slam Parts of North Texas

Thunderstorms, producing up to softball size hail, pounded several cities north of Dallas/Fort Worth metroplex Sunday night causing ...

Another Mag 4.0 Quake, 3 Smaller Ones Strike Oklahoma

The U.S. Geological Survey reports a magnitude 4.0 earthquake and three smaller temblors have struck Oklahoma. The survey reported that the ...

466 Tons of Breaded Chicken Product Recalled by Oklahoma Company

An Oklahoma food company is recalling more than 466 tons of breaded chicken because of possible metal in the food. The U.S. Department of ...

Oklahoma Senate OKs Impaired Driver Accountability Bill

The Oklahoma Senate has unanimously passed legislation to change how first-time driving under the influence (DUI) offenses are handled in ...

Texas Bill Shielding Landowners from Rock Climbing Injury Lawsuits Advances

The Texas Senate has approved a bill protecting property owners statewide from liability for injuries incurred by people rock climbing on ...

Montana Lawmakers Table Privatization of $1.6B Workers' Comp Fund

Montana lawmakers have tabled a proposal seeking to dismantle and privatize the state's massive workers' compensation system, saying the ...

Mother And Son in California Sentenced for Auto Insurance Fraud Scheme

A California mother and son were sentenced for auto insurance fraud. Henrietta Silva, 71, and her son, Peter Silva, 42, were sentenced in ...

New Mexico Lawsuit Challenges County's Frack Sand Ban

A group of New Mexico property owners has sued Winona County over its ban on industrial mining of silica sand for use in hydraulic ...

John F. Sullivan Jr. Loved the Insurance Business

John F. Sullivan Jr. had a passion for insurance, doing business and sailing. Jack Sullivan died on March 19 at age 83 after a long career ...

Worst Cyclone in 6 Years Set to Pummel Coast of Queensland, Australia

The worst cyclone in six years is set to smash into the coast of Queensland on Tuesday morning, forcing thousands of Australians to ...

Opinion: Why Is Zurich Seeking Shareholder Permission to Raise Money?

Zurich Insurance Group AG wants more freedom from its shareholders to raise money quickly. That's odd. Switzerland's largest insurer has no ...

London Keeps Mantle as #1 Finance Center Despite Brexit Uncertainties: Survey

London has retained the mantle as the world's top financial center, though uncertainty about the implications of Britain's vote to leave ...

As China Liberalizes Financial Sector, It Seeks 'Better Treatment' Abroad

People's Bank of China Governor Zhou Xiaochuan said the country is preparing to further open its financial sector, and that doing so will ...

China's Ping An to Invest $100M a Year in Japan in Diversification Bid

Ping An Insurance (Group) Co. plans to invest $100 million a year in Japanese companies as it seeks to diversify its investments outside of ...

Broker THB and CNA Hardy Partner to Provide Global Industrial Cyber Solution

London-based broker THB, CNA Hardy and cyber security specialist Waterfall Security Solutions have entered into a partnership to provide a ...

Caribbean Cat Facility CCRIF Donates $100,000 to Belize to Aid Rainfall Tracking

Belize SPC (formerly the Caribbean Catastrophe Risk Insurance Facility) is providing US$100,000 to the government of Belize to purchase ...
Insurance Journal Blogs and Columns

3 Key Responsibilities of Experienced Insurance Leaders

If you're a close follower of Insurance Journal's Academy of Insurance, you already know that we recently conducted a State of Learning in ...

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Young Insurance Agents: Tell Us What You Think!

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Trump And The Autonomous Car

With the Trump Administration's much-talked about infrastructure plan still being hashed out...

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New Discussions in the Forums

CPCU for Attorneys
Posted: Fri Mar 24 -- The comments above are good ones. I'd like to add a few points. CPCU is a broad-based professional education program designed to have... navymusic
Limousine Service
Posted: Thu Mar 23 -- Looking for a market for a clean limousine service with effective date of 07/01/17 in Southern California. misty
Interesting CPCU quandary...
Posted: Tue Mar 21 -- So, I'm having a difficult time making a decision on the CPCU. Here are the facts.... 1. I am a senior software engineer, I work in... seanjb55
New Agent
Posted: Thu Mar 16 -- Hello, I been an agent for the last 8 years and I'm looking to start on my own independent agency, ill always work for one and know pretty... AmeriNat

Reader Comments

Cashier Admits Stealing $13M at Pennsylvania Monuments Firm
Posted: Mon Mar 20 -- She is very remorseful for her actions.... so she should get a light sentence and be allowed to be a consultant and get paid lots of money... Hmmmmm
Lack of Comma Sense Ignites Debate After Ruling in $10M Suit
Posted: Tue Mar 21 -- a) Nicely done! The guy from those 1980's Micromachine commercials would be proud to read your post aloud! b) This case is EXACTLY why I get... Rosenblatt
Florida Property Insurers Largely Avoid Downgrades, For Now: Demotech
Posted: Mon Mar 20 -- Yeah but chances are that there will never be another hurricane in Florida so it's all good. Einstein
Fatal Allergic Reaction Leads to Suit Against Louisiana Doughnut Shop
Posted: Wed Mar 22 -- Thought it might be the donut fried in peanut oil. Walnut Flour????? Who would use that? Agent
Departing AIG CEO Gets No Bonus But Will Get $5 Million to Stay Until Successor Arrives
Posted: Wed Mar 22 -- Jeez. $5M just to stick around while they find a replacement. It's no wonder AIG is going under slowly and painfully. UnderwriterIL

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