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News – Insurance Journal
USI Acquires Alfred J. Davis Company in Oregon
USI Insurance Services has acquired Portland, Ore.-based insurance agency Alfred J. Davis Co. Terms of the deal were not disclosed. The agency’s employees and business operations will be integrated with USI’s existing office in Portland. Alfred J. Davis Company has …
POSTED NOVEMBER 15, 2019 6:00 AM |
Wall Street Taking Closer Look at Climate Change Risks
In the wake of two years of devastating wildfires in California, Wall Street is incorporating a new risk metric when evaluating companies: climate resiliency. Investors, analysts, research firms and companies are putting more emphasis on how climate issues ranging from …
POSTED NOVEMBER 15, 2019 6:00 AM |
Ex-DuPont CEO Backtracks, Says Chemours Liabilities ‘Uncapped’
DuPont de Nemours Inc.’s ex-top executive is backtracking on claims the chemical maker never intended to saddle its spinoff Chemours Co. with “unlimited exposure” for liabilities. Ellen Kullman, who resigned as CEO in 2015, said in a court filing directors …
POSTED NOVEMBER 15, 2019 6:00 AM |
Inszone Insurance Services Acquires Jones Wilson Insurance in Arizona
Inszone Insurance Services has acquired Jones Wilson Insurance in Benson, Ariz. Terms of the deal weren’t disclosed. Jones Wilson Insurance becomes the third acquisition for Inszone Insurance in Arizona this year. Jones Wilson Insurance has provided insurance services to both …
POSTED NOVEMBER 15, 2019 6:00 AM |
Former North Carolina Insurance Chief Goodwin to Seek Post Again in 2020
North Carolina’s insurance commissioner from 2009 through 2016 wants the job again. Democrat Wayne Goodwin announced Tuesday he’ll run for commissioner next year, setting up a potential rematch with current Commissioner Mike Causey, the Republican who beat him in 2016. …
POSTED NOVEMBER 15, 2019 5:31 AM |
North Carolina Officials Vote to Reopen Island Damaged by Hurricane Dorian
County commissioners on the North Carolina coast have moved to reopen an island ravaged by Hurricane Dorian. Acting on a recommendation from the Ocracoke Control Group, the Hyde County Commissioners on Monday adopted the proposal to open the island to …
POSTED NOVEMBER 15, 2019 5:28 AM |
Carolina Amusement Park Fined $42K by OSHA Over Maintenance Worker Injury
Federal safety officials have fined an amusement park on the North Carolina-South Carolina line after a maintenance worker was injured last March. The Charlotte Observer reports the Occupational Safety and Health Administration levied a $42,000 fine on Carowinds after finding …
POSTED NOVEMBER 15, 2019 5:24 AM |
7 Appointed to Georgia Medical Marijuana Commission
Georgia officials have made appointments to the state medical marijuana commission, a key step toward implementing a law designed to increase patient access. Republican Gov. Brian Kemp, Lt. Gov. Geoff Duncan and House Speaker David Ralston announced seven appointments Tuesday. …
POSTED NOVEMBER 15, 2019 5:21 AM |
Zurich Adds Cyber Endorsements for Manufacturing Industry
Zurich Insurance has rolled out new, industry-specific endorsements to its cyber insurance policy designed to expand coverages provided to the manufacturing industry. The endorsements were created in response to the growing threats posed to U.S. industrial firms by data breaches, …
POSTED NOVEMBER 15, 2019 5:17 AM |
California Insurance Commissioner OKs Workers’ Comp Pure Premium Reduction
California Insurance Commissioner Ricardo Lara has adopted and issued a revised average advisory pure premium rate, lowering the benchmark to $1.52 per $100 of payroll for workers’ compensation insurance, effective Jan. 1, 2020. This is the ninth consecutive reduction to …
POSTED NOVEMBER 15, 2019 12:15 AM |
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