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News – Insurance Journal

AM Best Revises Status to Developing for California Capital Insurance Co. and Subsidiaries
AM Best has revised the implications of the under review status to developing from negative for the Financial Strength Rating (FSR) of A- (Excellent) and the Long-Term Issuer Credit Ratings of “a-” of California Capital Insurance Co. and its subsidiaries. …

POSTED FEBRUARY 20, 2019 7:38 PM
Insurer Hit With $102K Fine for Selling Illegal NRA-Branded Policies
Illinois Union Insurance Co. has paid a $102,000 fine after Washington Insurance Commissioner Mike Kreidler ordered the company to cease underwriting self-defense policies branded by the National Rifle Association. After an investigation, Kreidler ordered Illinois Union in January to stop …

POSTED FEBRUARY 20, 2019 7:17 PM
Great American Insurance Promotes Mercurio, Thompson
Cincinnati, Ohio-based Great American Insurance Group has promoted Anthony (Tony) J. Mercurio and David L. Thompson Jr. to executive vice presidents of its property/casualty group. Mercurio will continue to serve as president and CEO of National Interstate – a position …

POSTED FEBRUARY 20, 2019 5:38 PM
North Dakota House OKs Medical Marijuana Law Changes
The North Dakota House approved legislation that would expand the list of medical conditions for which residents can use medical marijuana, add health care professionals who can certify patients for the drug and increase the forms it can come in. …

POSTED FEBRUARY 20, 2019 5:25 PM
Louisiana Flood Victims Still Waiting for Federal Recovery Grants
The month-long partial federal government shutdown likely further delayed aid grants to homeowners still trying to recover from the 2016 flooding, Louisiana’s top disaster recovery official said. As many as 6,000 Louisiana residents who took out loans from the U.S. …

POSTED FEBRUARY 20, 2019 5:21 PM
Insurers Reminding Farmers About the Dangers of Working in Grain Bins
Working in grain bins can be deadly, so insurers want to remind farmers of the dangers. Nationwide insurance is helping sponsor a campaign to educate farmers about safety procedures they can use when working in grain bins. Farmers should wear …

POSTED FEBRUARY 20, 2019 5:17 PM
Texas Woman Sentenced for $46K Workers’ Comp Fraud
A Texas woman owes just over $46,000 to the state’s largest workers’ compensation insurance carrier after being sentenced for workers’ compensation fraud in a Travis County district court. According to Texas Mutual Insurance Co., Shannon Drew of Aubrey, Texas, reported …

POSTED FEBRUARY 20, 2019 5:15 PM
Round 12: Louisiana Citizens Property Insurance Shedding More Policies
Louisiana’s property insurer of last resort has completed another round of policy depopulation — its 12th, the state insurance department announced. Louisiana Citizens Property Insurance Corp. (Citizens) offers property insurance to any home or business owner that cannot otherwise obtain …

POSTED FEBRUARY 20, 2019 5:11 PM
MGA Coalition Covers Firms with Cyber Exposure Under EU’s Data Privacy Law
Coalition, the San Francisco-based managing general agency that specializes in cyber insurance for small and mid-sized businesses, announced it is broadening coverage to include exposures to violations of the European Union’s General Data Protection Regulation (GDPR). Unlike other cyber insurance …

POSTED FEBRUARY 20, 2019 5:06 PM
Rental Vacation Home Owners in Hawaii Sued over Fines
Kauai officials are suing the owners of a vacation home, claiming they are violating county zoning ordinances for using the property as a short-term rental. The Garden Island reports the Kauai County Planning Department filed the lawsuit last week, seeking …

POSTED FEBRUARY 20, 2019 4:06 PM

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