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News – Insurance Journal
California Insurance Agent Sentenced in Burial Policy Scheme
Saul Hinojosa, 48, of Calipatria, California, was sentenced to one felony count of identity theft and one felony count of grand theft after stealing his clients’ identities to write fraudulent insurance policies to collect unearned commissions. Hinojosa was sentenced to …
POSTED JANUARY 26, 2022 9:28 PM |
Takeaways from Our Conversation on EPL Challenges in Cannabis
Employment practices liability is tough across pretty much all industries, and it may only get tougher. A new record was set last year for the amount of top class action settlements, according Seyfarth Shaw’s annual Workplace Class Action Litigation Report. …
POSTED JANUARY 26, 2022 9:25 PM |
Oklahoma Oil Tank Battery Explosion and Fire Injures 2
Two workers were injured Jan. 24 in an explosion and fire at a central Oklahoma oil tank battery, officials said. The incident happened shortly before 2 p.m. at a Devon Energy oil well pad in Okarche, Oklahoma, about 35 miles …
POSTED JANUARY 26, 2022 5:56 PM |
Only 38% of 2021’s Natural Disaster Losses of $343B Were Covered by Insurance: Aon
Natural disasters cost global economies a total of $343 billion in 2021, compared with $297 billion in 2020, according to Aon’s “2021 Weather, Climate and Catastrophe Insight” report. Insured losses from 2021’s natural disasters reached $130 billion, which was well …
POSTED JANUARY 26, 2022 5:50 PM |
Biden Administration Hit for Delay in Creating New Cybersecurity Board
It’s a key part of President Joe Biden’s plans to fight major ransomware attacks and digital espionage campaigns: creating a board of experts that would investigate major incidents to see what went wrong and try to prevent the problems from …
POSTED JANUARY 26, 2022 5:21 PM |
Buffett’s Berkshire Plans In-Person Shareholders Meeting For April
Warren Buffett’s company plans to hold its annual shareholders meeting that used to routinely attract more than 40,000 people in person this spring for the first time since the pandemic began. Berkshire Hathaway said Jan. 25 that at this point …
POSTED JANUARY 26, 2022 5:03 PM |
Relation Acquires Texas’ Davenport
Relation Insurance Services, Inc has acquired the assets of Wilson R Davenport & Associates LLC, headquartered in McAllen, Texas. Davenport provides employee benefits solutions to clients throughout South Texas. Wilson “Dusty” Davenport will continue with Relation and will strengthen Relation’s …
POSTED JANUARY 26, 2022 5:01 PM |
Abuse Victims View Settlement Payouts as Unequal at Two Michigan Schools
Two former University of Michigan football stars who stand to receive as much as $500,000 each through the school’s sexual abuse settlement with more than 1,000 students say the per-victim payouts should be much higher, pointing to a similar case …
POSTED JANUARY 26, 2022 4:53 PM |
OakBridge Continues Regional Expansion with McNeal Agency in Georgia
Oakbridge Insurance Agency, a large regional agency in the Southeast, announced that it has acquired McNeal Sports & Wilson Risk Advisers, an independent agency in Waycross, Georgia. Oakbridge CEO Robbie Smith said the move sets the stage for further growth …
POSTED JANUARY 26, 2022 4:47 PM |
Progressive Q4, Full Year Net Income Drop Over 40%
Fourth quarter 2021 earnings at Progressive Corp. fell 43% compared with the same time period a year ago to $962.3 million. The results were despite the personal and commercial property insurer posting an increase of 13% in net premiums written …
POSTED JANUARY 26, 2022 4:45 PM |
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