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News – Insurance Journal
Ex-Alabama Police Officer Sentenced to 10 Years for Insurance Fraud, Theft
A former police officer in Alabama who pleaded guilty to insurance fraud and burglary has been sentenced to 10 years in prison. The Montgomery Advertiser reports 51-year-old Leon Todd Townson was sentenced Aug. 13. The former U.S. Marine is one …
POSTED AUGUST 17, 2018 5:14 AM |
Insurer Downgrades Jumped in 2017 But Were Still Outnumbered by Upgrades: A.M. Best
Catastrophic weather events in 2017 helped spur an increase in rating downgrades for the U.S. property/casualty (P/C) industry during the first half of 2018, according to an A.M. Best report. But the report also notes that overall ratings activity in …
POSTED AUGUST 17, 2018 5:00 AM |
Why Not Just Retrain Pedestrians to Make Self-Driving Vehicles Safer?
You’re crossing the street wrong. That is essentially the argument some self-driving car boosters have fallen back on in the months after the first pedestrian death attributed to an autonomous vehicle and amid growing concerns that artificial intelligence capable of …
POSTED AUGUST 17, 2018 5:00 AM |
States with Best, Worst Home Flood Damage Disclosure Laws
In 21 states, home sellers are not required by law to disclose to buyers whether their home has ever flooded or whether they will be required to purchase flood insurance, according to an analysis by the Natural Resources Defense Council …
POSTED AUGUST 16, 2018 6:49 PM |
Apparent Natural Gas Explosion in Denver Injures 9
Nine people were injured, one critically, by an apparent natural gas explosion in Denver on Aug. 14, firefighters said. Capt. Greg Pixley, a spokesman for the Denver Fire Department, said seven bystanders were treated for minor injuries and released after …
POSTED AUGUST 16, 2018 6:23 PM |
Experts: Cost of Hail Damage Will Continue to Rise
Hailstorms inflict billions of dollars in damage yearly in North America alone, and the cost will rise as the growing population builds more homes, offices and factories, according to climate and weather experts who spoke at a conference in Colorado …
POSTED AUGUST 16, 2018 6:18 PM |
Why Insurers Should Love, Not Fear, Amazon: Viewpoint
Whenever Amazon.com Inc. eyes expansion into a new industry, the stalwarts of that space shudder. A Reuters report on Thursday that the e-commerce giant has been talking to insurers about introducing a price comparison website in the U.K. was no …
POSTED AUGUST 16, 2018 6:00 PM |
Lingering Texas Drought Has Ranchers Reducing Herds
A growing number of Texas ranchers and farmers are trimming their livestock, or selling them altogether, as the persistent drought has eliminated water supplies and forage for the animals. Some landowners describe a boom-and-bust cycle playing out with increasing frequency …
POSTED AUGUST 16, 2018 4:45 PM |
New Specialty Offering from HUB Targets Cannabis Producers, Distributors, Retailers
Global insurance brokerage Hub International Limited (HUB) has formed a comprehensive cannabis insurance and risk services offering under its Agribusiness & Farm Specialty Practice. The new offering is designed to reduce risks in all aspects of operations for medical and …
POSTED AUGUST 16, 2018 4:39 PM |
Survivor of Missouri Duck Boat Sinking Wants Them Banned
An Indiana woman whose husband and three children died when a duck boat sank last month in Missouri said she hopes to save lives by backing an effort to ban the amphibious tourist boats. Tia Coleman, speaking through tears during …
POSTED AUGUST 16, 2018 4:37 PM |
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