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News – Insurance Journal

Tropical Storm Cindy Drenches Southeast
  Floodwaters from Tropical Storm Cindy covered timberland and fields across the rural Deep South on Saturday, but the sun peeked out enough to offer hope that the worst was over. Swollen by heavy rains and flowing quickly, the Chickasawhay …

POSTED JUNE 26, 2017 4:54 PM
Texas Ex-Track Coach’s Discrimination Suit to Proceed
The Texas Supreme Court has refused to block a sex and race discrimination lawsuit filed against the University of Texas by former women’s track coach Bev Kearney, who was forced out after the school learned of a romantic relationship with …

POSTED JUNE 26, 2017 4:29 PM
Oklahoma’s Tulsa County to Pay Ex-Deputy $138K in Wrongful Termination Suit
Tulsa County has agreed to pay nearly $138,000 to a former sheriff’s deputy to settle a wrongful termination lawsuit that claimed he and others were ousted in fallout from the fatal shooting of an unarmed black man in 2015. County …

POSTED JUNE 26, 2017 4:26 PM
Lloyd’s to Cut 10% of UK Employees on Soft Market Pricing Pressures
Lloyd’s of London is planning to cut 10 percent of its staff in the UK as the world’s oldest insurance market looks to streamline operations and reduce costs amid continued pricing pressure on its members. Lloyd’s plans to introduce a …

POSTED JUNE 26, 2017 4:25 PM
Missouri Judge OKs $1.5M Settlement in Brown Family Wrongful Death Suit
A federal judge in St. Louis on June 20 approved a $1.5 million settlement in a wrongful death lawsuit filed by Michael Brown Sr. and Lezley McSpadden. Their 18-year-old son was unarmed on Aug. 9, 2014, when he was fatally …

POSTED JUNE 26, 2017 4:22 PM
Jury Says Syngenta Must Pay Kansas Farmers $217.7M in GMO Corn Case
A U.S. jury has ordered Syngenta AG to pay $217.7 million to more than 7,000 Kansas farmers over its decision to commercialize a genetically modified strain of corn before China approved importing it. The June 23 verdict by a federal …

POSTED JUNE 26, 2017 4:15 PM
Halter Named Director of AF Specialty
AF Group, headquartered in Lansing, Mich., has appointed Eric Halter as director of AF Specialty, a new brand focused on providing fronting capacity to insurance carriers, managing general agents, reinsurance intermediaries and captive managers. Halter will partner with entities who …

POSTED JUNE 26, 2017 4:10 PM
Existing EU Contracts Must Be ‘Grandfathered’ After Brexit to Avoid Complexity: Lloyd’s CEO Beale
Existing European Union insurance policies should stay in place after Britain leaves the bloc because the process of dividing them into British and EU contracts would be too complex, Lloyd’s of London Chief Executive Inga Beale said. The Lloyd’s of …

POSTED JUNE 26, 2017 4:07 PM
Number of Compound Drug Prescriptions Falling in Texas Workers’ Comp System
A report released in May by the Texas Department of Insurance – Division of Workers’ Compensation shows that while the number of compounded drug prescriptions in the workers’ comp system grew between 2010 and 2014, there was a steady decrease …

POSTED JUNE 26, 2017 4:03 PM
AIR Worldwide Launches Crop Hail Model for Canada
Catastrophe risk modeling firm AIR Worldwide announced it has released a Crop Hail Model for Canada to provide crop insurers with a probabilistic view of crop hail risk in Canada. Based on 10,000 simulations of potential annual hail activity, the …

POSTED JUNE 26, 2017 3:12 PM

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