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News – Insurance Journal
California Commissioner OKs FAIR Plan Coverage Options for Farms and Ag Businesses
California Insurance Commissioner Ricardo Lara on Friday approved the FAIR Plan to offer new commercial coverage for farm structure risks starting Feb. 1. The FAIR Plan is an association made up of all admitted insurance companies to be the state’s …
POSTED JANUARY 21, 2022 9:16 PM |
Mississippi Moves Closer to Medical Marijuana
Mississippi is moving closer to joining most other states in allowing people to use marijuana to relieve medical conditions. The state House voted 104-14 Wednesday to pass a bill that would create a medical marijuana program. The bill passed the …
POSTED JANUARY 21, 2022 5:56 PM |
Allstate Buys Downtown Chicago Office Building After Selling Northbrook Campus
The Allstate Corp. has acquired an office building in downtown Chicago months after agreeing to sell most of its campus in Northbrook, Illinois. Allstate confirmed it purchased the property at 29 N. Wacker Drive in Chicago’s Loop, a 10-story office …
POSTED JANUARY 21, 2022 5:51 PM |
Relation Insurance Acquires Ginsberg Agency in New York
Relation Insurance Services, a national insurance agency based in California, has acquired the assets of New York-based Ginsberg Agency, the company announced Thursday. Terms of the deal were not disclosed. Ginsberg specializes in commercial lines, particularly the construction industry, as …
POSTED JANUARY 21, 2022 5:46 PM |
Indiana Lawmaker Introduces Bill to Prevent Catalytic Converter Thefts
Indiana Rep. Jim Baird has introduced a bill to reduce catalytic converter thefts by marking identifying information on catalytic converters, addressing how the parts are purchased, and strengthening enforceability of catalytic converter theft for local law enforcement officers, his office …
POSTED JANUARY 21, 2022 5:34 PM |
QBE Alleges Poaching of Aviation Team; Applied Underwriters Denies Wrongdoing
Insurer QBE has filed a lawsuit alleging a poaching scheme by a number of its former aviation division employees and specialty insurer Applied Underwriters. QBE’s complaint involves the resignation of a total of 13 employees in Atlanta, New York and …
POSTED JANUARY 21, 2022 5:31 PM |
American Financial Buys Artificial Intelligence Company Verikai
American Financial Group (AFG) recently acquired Verikai Inc., a machine learning and artificial intelligence company that utilizes a predictive risk tool for assessing insurance risk. AFG said it paid approximately $120 million in cash at closing. California-based Verikai will continue …
POSTED JANUARY 21, 2022 4:40 PM |
Corps to Receive $2 Billion for Louisiana Flood Protection
The Army Corps of Engineers will be getting $2.6 billion for Louisiana under the infrastructure and supplemental disaster acts, Gov. John Bel Edwards said Jan. 19. The disaster bill to help recovery from Hurricane Ida includes over $2 billion for …
POSTED JANUARY 21, 2022 4:40 PM |
People Should Get Back to Office, Learn to Live With Coronavirus: UK Business Minister
People should get back to the office to benefit from in-person collaboration because the world must learn to live with the coronavirus after a pandemic that has wiped trillions of dollars off global output, Britain’s business minister said on Friday. …
POSTED JANUARY 21, 2022 4:34 PM |
Mother Sues Meta, Snap Over Social Media ‘Addicted’ Daughter’s Suicide
Meta Platforms Inc. and Snap Inc. are to blame for the suicide of an 11-year-old girl who was addicted to Instagram and Snapchat, the girl’s mother alleged in a lawsuit. The woman claims her daughter Selena Rodriguez struggled for two …
POSTED JANUARY 21, 2022 4:22 PM |
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