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CSAA in California Names Allstate’s Troy President and CEO
The board of directors of the CSAA Insurance Group, a AAA insurer, has named Thomas M. Troy to succeed Paula F. Downey as the company’s chief executive officer and a member of its board of directors. The promotion is effective …

POSTED MARCH 26, 2019 10:49 PM
Washington Insurance Commissioner Issued $80K in Fines in February
Washington Insurance Commissioner Mike Kreidler disciplined and issued fines in February totaling $79,400 against insurance companies, agents, brokers and others who violated state insurance regulations. Insurance companies Asuris Northwest Health, Seattle; fined $20,000 The company retroactively denied coverage for a …

POSTED MARCH 26, 2019 10:16 PM
California Disaster Insurance Act Passes Key Committee
Legislation by that could lead California to consider buying insurance in the private market to cover rapidly increasing costs of fighting wildfires due to climate change cleared a key committee vote Tuesday. Senate Bill 290, called the California Disaster Insurance …

POSTED MARCH 26, 2019 10:10 PM
Berkley FinSecure Launches Embezzlement Insurance for Investors
Berkley FinSecure, a Berkley Company, has launched Capital Shield, an insurance product that covers individuals for embezzlement of their invested assets. The product has been launched with Capital Shield Inc. and Capital Shield Insurance Services and covers individual investors in …

POSTED MARCH 26, 2019 4:59 PM
Trump Eyes Bipartisan Deals on Infrastructure and Drug Prices
U.S. President Donald Trump is willing to work with congressional Democrats to lower drug prices for Americans and on infrastructure funding, White House adviser Kellyanne Conway said on Tuesday. Conway said the Trump administration considered those two issues as areas …

POSTED MARCH 26, 2019 4:52 PM
Lloyd’s Forms Plan for Safe, Inclusive Working Environment After Harassment Reports
Lloyd’s announced “a robust plan of action to address reports of sexual harassment in the Lloyd’s market and create a safe and inclusive working environment.” The plan includes possible lifetime bans for perpetrators of sexual harassment. This set of actions …

POSTED MARCH 26, 2019 4:50 PM
In ‘Trump Country’ Farm Belt, Flooding Woes Add to Trade War Stress
Nebraska grain farmer Ryan Ueberrhein was barely breaking even after the U.S.-China trade war pushed prices for his soybean crop to a decade low. Then the nearby Elkhorn River burst its banks as flooding swept across the U.S. farm belt. …

POSTED MARCH 26, 2019 4:42 PM
Universal Insurance Holdings Enters Illinois’ Homeowners Market
Universal Property & Casualty Insurance Co. (Universal Property), a subsidiary of Universal Insurance Holdings Inc., has entered the market for homeowners insurance in Illinois. The company is now offering homeowners insurance in 18 states. Universal Property policies may be purchased …

POSTED MARCH 26, 2019 4:23 PM
Shipping Resumes in Houston Channel Closed After Chemical Tank Fire
The U.S. Gulf Coast’s most important industrial waterway partially reopened on Monday after it was polluted with cancer-causing benzene and toxic runoff from the region’s worst chemical disaster in more than a decade. A two-mile (3.2-kilometer) stretch of the Houston …

POSTED MARCH 26, 2019 4:08 PM
Arkansas Insurance Department Warns of Fake Auto Policy Scam
Arkansas Insurance Commissioner Allen Kerr is warning consumers in his state to be wary of individuals posing as car insurance agents to sell fraudulent policies at car dealerships. In a media release, Kerr said the Criminal Investigation Division at the …

POSTED MARCH 26, 2019 4:04 PM

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