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News – Insurance Journal

With Central, South Texas Awash in Water Governor Issues Disaster Declaration
Texas Gov. Greg Abbott has issued a State Disaster Declaration for 18 Texas counties impacted by recent severe weather and flooding that has caused widespread property damage and threatened loss of life. The governor’s declaration comes as rain continues to …

POSTED OCTOBER 19, 2018 4:52 PM
Florida Residents Hit by Michael Return to Face Damage as Death Toll Climbs
More than a week after Hurricane Michael slammed into the Florida Panhandle, authorities are reporting three more deaths from the Category 4 storm as residents returning to their homes try to piece together their lives from the rubble left by …

POSTED OCTOBER 19, 2018 4:49 PM
DOI: Workers’ Comp Rates in Indiana to Drop Again Next Year
Businesses in Indiana can expect to pay less for workers’ compensation insurance coverage next year, continuing a trend that has been ongoing for several years. Insurance Commissioner Stephen W. Robertson has approved an average 7.6 percent reduction for workers’ comp …

POSTED OCTOBER 19, 2018 4:44 PM
Illinois’ Cook County Board OKs $4M Medical Malpractice Settlement
Cook County’s board of commissioners have voted for a nearly $4 million settlement of a malpractice lawsuit filed after an alleged botched heart surgery at Chicago’s Stroger Hospital. Lawyers for Jaime Flores alleged Stroger physicians made a “very unfortunate and …

POSTED OCTOBER 19, 2018 4:24 PM
JBA Risk Management Releases High-Resolution Flood Maps for Florida
Flood specialist JBA Risk Management has rolled out its high-resolution flood maps and associated pricing data for the continental United States starting with the State of Florida. These new maps are designed to enable (re)insurers and others with an interest …

POSTED OCTOBER 19, 2018 4:23 PM
Von Bomhard Likely to Return to Munich Re – This Time as Board Chairman
Nikolaus von Bomhard, who retired as CEO of Munich Re in April 2017, is likely to return to the German reinsurer as chairman of the supervisory board. This week, Munich Re’s nomination committee recommended to the full supervisory board that …

POSTED OCTOBER 19, 2018 4:12 PM
Arch Insurance Names Shulman CEO for North America; Other Leadership Changes
Arch Insurance announced that Matt Shulman will assume the newly created role of CEO, Arch Insurance North America, effective January 1, 2019. In this role, he will lead Arch Insurance’s operations in the United States and Canada. He will report …

POSTED OCTOBER 19, 2018 3:43 PM
Utah Firefighting Costs This Year a Record $110M
Utah State Forester Brian Cottam says the state’s wildfire season appears to be over and that it is adding up to be Utah’s most expensive ever. KSL-TV reported that Cottam told the Utah Executive Appropriations Committee that firefighting costs this …

POSTED OCTOBER 19, 2018 3:01 PM
Hawaii Panel Advances Vacation Rental Regulations
A Big Island panel has advanced a measure that would prohibit short-term vacation rentals in residential and agricultural zones. The Hawaii County Council Planning Committee approved the measure’s fifth draft this week after the ordinance has been in the works …

POSTED OCTOBER 19, 2018 2:56 PM
$28M Settlement for Washington Crash Survivor
Washington state has agreed to pay a $28 million settlement to woman who was left quadriplegic in wreck on Interstate 5 in DuPont. The News Tribune reported 20-year-old Skylar Seward filed a lawsuit against the state Department of Transportation after …

POSTED OCTOBER 19, 2018 2:54 PM

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