Industry News

Insurance Journal

Former Illinois Insurance Broker Sentenced to Prison, Must Repay Nearly $1M

Aug 15, 2018 The owner of multiple property/casualty insurance operations in northern Illinois has been sentenced to more than four years in prison and ordered to...

Recreational Pot Measure Approved for North Dakota Ballot

Aug 15, 2018 Supporters of legalizing recreational marijuana in North Dakota have succeeded in bringing the matter to a public vote later this year. Proponents submitted more than...

California Considers Rule Changes as Legal Pot Market Struggles

Aug 15, 2018 The nation’s largest legal marijuana market is struggling. Illicit sales continue to thrive in California and shaky supply chain has customers looking at...

Scott Declares State of Emergency Over Toxic Algae Bloom on Florida Coast

Aug 15, 2018 Florida Governor Rick Scott has declared a state of emergency in response to the impacts of red tide in Collier, Lee, Charlotte, Sarasota, Manatee,...

Best's Reviews

London Market Broker Capsicum Re Expands Cyber Staff

Aug 15, 2018 Capsicum Reinsurance Brokers LLP said it made two new hires in what the specialist reinsurance broker called “its rapidly expanding cyber division.” Jasper...

A.M. Best Senior Financial Analyst: New Agreement Sets Path to China for Hong Kong Reinsurers

Aug 15, 2018 James Chan, senior financial analyst, A.M. Best, said an agreement between regulators from China and Hong Kong...

Health Trade Groups Ask Federal Court to Rehear Moda Health Ruling

Aug 15, 2018 A pair of health insurance trade groups are asking a federal court to rehear an appeal of a case in which Moda Health Plan Inc. was told insurers...

Lawsuit Seeks to Block Arkansas Medicaid Work Requirements

Aug 15, 2018 Consumers and patient advocates have filed a lawsuit seeking to block new requirements imposed by Arkansas on Medicaid recipients that would terminate...

Claims Journal

Pennsylvania Church Sex Abuse Report May Be Released Soon

Aug 15, 2018 A damning report into allegations of decades of child sexual abuse at the hands of clergy members and efforts to cover it up in six of Pennsylvania’s Roman Catholic...

Black Soybean Farmers File Suit Claiming Faulty Seeds, Discrimination

Aug 15, 2018 Soybean farmers David Allen Hall and Tyrone Grayer had high hopes when a farm-show salesman told them the seeds he sold would bring good yields in their...

Western Kentucky University Develops Statewide Drought Warning System

Aug 15, 2018 Western Kentucky University is developing a statewide drought warning system with the help of a $200,000 federal grant. The Bowling Green Daily News reports...

Fraud News: Arson and Workers’ Comp Scam

Aug 15, 2018 North Carolina Family Charged With Insurance Fraud Officials have filed multiple charges against a North Carolina couple and their daughter in connection with two cases of arson at homes...

Business Insurance

Employers likely to prevail in LGBT cases at Supreme Court with Kennedy retirement

Jun 28, 2018 Employers will likely have an easier time combating claims of...

Validus recruits executive from XL

Jun 28, 2018 Validus Specialty Underwriting Services Inc. has recruited Bob Eells from XL Group to be senior vice president...

Lockton reports revenue increase

Jun 28, 2018 Lockton Cos. L.L.C. reported $1.57 billion in revenue for fiscal year 2018, a 9.9% increase over fiscal year 2017...