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News – Insurance Journal

Gold 2019 Best Agency to Work For – Southeast: Acentria Insurance
A Growing Agency With a Small Business Feel Florida-based Acentria Insurance has been busy since its founding by industry veteran Kendall McEachern in 2010. The personal and commercial lines agency has acquired several agencies and now has 50 locations and …

POSTED DECEMBER 10, 2019 5:12 AM
Canadian Regulators Approve Genworth Sale of Stake to Brookfield
Canadian regulators have approved the sale of Genworth Financial Inc.’s majority stake in its Canadian unit to asset manager Brookfield Business Partners, the companies said on Monday. Genworth said in October that regulators were scrutinizing the sale of its 57% …

POSTED DECEMBER 10, 2019 3:01 AM
8 People Presumed Dead After New Zealand Island Volcano Eruption
Eight people were missing and presumed dead on Tuesday after a volcanic eruption covered a small New Zealand island popular with tourists in hot ash and steam, killing five people and seriously injuring about 30 more. Prime Minister Jacinda Ardern …

POSTED DECEMBER 10, 2019 2:53 AM
A.M. Best Sees Personal Insurance Business Outlook Remaining Stable for 2020
A.M. Best has maintained a market segment outlook of stable on the U.S. personal lines industry for 2020, citing a significant decline in catastrophe activity, profitable underwriting performance in the private passenger auto segment and the sector’s overall strong risk-adjusted …

POSTED DECEMBER 10, 2019 1:11 AM
Washington Roofer Claiming He Was Too Injured to Work Faces Felony Charge
A Federal Way, Wash., man faces a felony theft charge after state investigators caught him working on a roof, despite the fact he was getting workers’ comp payments and claiming he was too injured to work. José Guadalupe Sanchez, 49, …

POSTED DECEMBER 09, 2019 10:43 PM
California Department of Insurance Arrests Suspects in $500K Auto Fraud Ring
Investigators from the California Department of Insurance, San Diego County District Attorney’s Office, and the California Highway Patrol have arrested four suspects for alleged involvement in an organized auto fraud ring reportedly costing insurers $500,000. The arrests of the suspects …

POSTED DECEMBER 09, 2019 10:36 PM
More Landowners in Coastal Georgia County to be Billed for Fire Protection
More property owners in coastal Georgia’s largest county will be billed for fire protection after a change by a local fire department. Chatham Fire Department provides fire protection in unincorporated areas outside Savannah. It will begin sending subscription bills to …

POSTED DECEMBER 09, 2019 5:57 PM
Florida-Based Neptune Flood Realigns Leadership Team
Neptune Flood, based in St. Petersburg Fla., has realigned its leadership team, announcing that its CEO and chairman are switching roles. Trevor Burgess will assume the role of CEO and Jim Albert will take on the role of chairman in …

POSTED DECEMBER 09, 2019 5:49 PM
U.S. Supreme Court Declines to Hear Arizona Opioid Claim Against Purdue’s Owners
The U.S. Supreme Court on Monday turned away a novel case by Arizona seeking to recover billions of dollars that the state has said that members of the Sackler family – owners of Purdue Pharma LP – funneled out of …

POSTED DECEMBER 09, 2019 4:15 PM
Report Shows Fire at Texas Facility Caused by Equipment Failure
A fire at a Houston, Texas-area petrochemical storage facility that burned for days in March was accidental and caused by equipment failure at a storage tank, according to a report released Friday by local and federal investigators. The report by …

POSTED DECEMBER 09, 2019 4:06 PM

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