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News – Insurance Journal

Appalachian Underwriters Adds Ashman as External Marketing Rep in West Florida
Appalachian Underwriters, Inc. has hired Carol Ashman as its new external marketing representative for Western Florida. She will focus on building agent relationships in the Florida Panhandle. She comes to AUI with 16 years in the retail agency side of …

POSTED FEBRUARY 21, 2020 5:38 PM
How Pharmaceutical Firms Are Using Blockchain to Track Down Counterfeit Drugs
Some of the industry’s largest pharmaceutical companies, including Pfizer Inc. and Eli Lilly and Co., have developed a blockchain-based system to track prescription drugs across the supply chain to better halt the flow of counterfeit medicines, company officials said on …

POSTED FEBRUARY 21, 2020 5:34 PM
ProAssurance Looks to Acquire NORCAL in $450M Deal
Healthcare liability insurer ProAssurance Corp. has agreed to acquire medical professional liability insurer NORCAL Mutual Insurance Co. following NORCAL’s demutualization in a $450 million transaction. Based on available estimates of premium, the combination of these companies is expected to create …

POSTED FEBRUARY 21, 2020 5:09 PM
Hold the Phone: Massachusetts’ Hands-Free Driving Law to Take Effect
Massachusetts’ new hands-free driving law takes effect this Sunday, February 23rd. The law, signed by Governor Charlie Baker in November, is intended to reduce the number of distracted driving injuries and deaths in the state. It imposes penalties enforced by …

POSTED FEBRUARY 21, 2020 4:27 PM
Insurance Information Institute Names Friedlander, Maccini to Communications Positions
Mark Friedlander and Kris Maccini have been appointed to senior communications positions at the Insurance Information Institute to broaden the organization’s traditional and social media operations. III’s Florida communications consultant since July 2019, Friedlander is now its director, Corporate Communications. …

POSTED FEBRUARY 21, 2020 3:52 PM
Amerisafe in Louisiana Reports 4Q Earnings of $34M
Amerisafe Inc. on Wednesday reported fourth-quarter earnings of $34 million. The Deridder, Louisiana-based company said it had profit of $1.76 per share. Earnings, adjusted for investment gains, were $1.70 per share. The results topped Wall Street expectations. The average estimate …

POSTED FEBRUARY 21, 2020 3:46 PM
Judge Rules Army Corps Not Responsible for Harvey Flooding Damage
A federal judge has ruled the U.S. Army Corps of Engineers isn’t liable to damage to thousands of Houston homes that were inundated by two federally owned reservoirs in the days following Hurricane Harvey because they would have flooded regardless. …

POSTED FEBRUARY 21, 2020 3:44 PM
Lawmakers to Introduce Bipartisan Bill Aimed at Internet Firms’ Liability Shield
U.S. legislation will be introduced in the coming weeks that could hurt technology companies’ ability to offer end-to-end encryption, two sources with knowledge of the matter said, and it aims to curb the distribution of child sexual abuse material on …

POSTED FEBRUARY 21, 2020 3:43 PM
Minnesota Governor Wants $30M to Replenish State Disaster Aid Fund
With the threat of spring flooding looming, Minnesota Gov. Tim Walz has asked lawmakers to approve $30 million to replenish a state disaster aid fund that was drained by a string of disasters last year. Walz said an updated flood …

POSTED FEBRUARY 21, 2020 3:40 PM
State Auto Financial in Ohio Reports 4Q Net Income of $32.7M
State Auto Financial Corp. reported fourth-quarter net income of $32.7 million, after reporting a loss in the same period a year earlier. The Columbus, Ohio-based company said it had net income of 72 cents per share. Earnings, adjusted for investment …

POSTED FEBRUARY 21, 2020 3:38 PM

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