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News – Insurance Journal

Kentucky Accuses Drug Distributor of Helping Fuel Opioid Epidemic
Kentucky’s attorney general on Monday accused drug distributor McKesson Corp of helping fuel the opioid epidemic by failing to halt shipments of suspiciously large or frequent orders by pharmacies of prescription painkillers. The complaint by Kentucky Attorney General Andy Beshear …

POSTED JANUARY 23, 2018 5:52 PM
Tree Company Sued, Blamed for 2011 Texas Wildfire that Killed 2
Texas is suing a vegetation management company that it alleges caused the 2011 Bastrop County Complex Fire, the most destructive wildfire in Texas history. The lawsuit filed on Jan. 19 by Texas Attorney General Ken Paxton alleges the Asplundh Tree …

POSTED JANUARY 23, 2018 5:42 PM
Buildings Damaged, Power Cut by Strong Winds in Arkansas
Thousands of people are without electricity in Arkansas after strong storms moved through the state. Entergy Arkansas says crews are working to restore electricity to the 7,000 homes and businesses that lost power in the storms late Sunday and early …

POSTED JANUARY 23, 2018 5:40 PM
In Turnabout, Wisconsin Governor Moves to Stabilize Insurance Market
In a tack to the left in an election year, Wisconsin Republican Gov. Scott Walker announced Sunday that he wants a state law that would bar insurers from denying a person health coverage due to a pre-existing condition. He also …

POSTED JANUARY 23, 2018 5:38 PM
Former Arkansas Insurance Commissioner Horne Passes
Former Arkansas Insurance Commissioner Allan W. “Dick” Horne has passed away, according to the Arkansas Insurance Department. Horne led the department for three years, from 1968 through 1970. In a statement, Arkansas Insurance Commissioner Allen Kerr commented: “The Arkansas Insurance …

POSTED JANUARY 23, 2018 5:34 PM
Professional Liability Insurance Brokerage, Gemini Risk, Launched in Michigan
Experienced lawyers and insurance professionals David Kramer and Theodore Nittis have launched Gemini Risk Partners as an independent professional liability insurance brokerage in Bloomfield Hills, Michigan. The firm will focus on serving law firms, as it did when it was …

POSTED JANUARY 23, 2018 5:26 PM
Insurance Education Scholarships Available for Missouri Students
The Missouri Department of Insurance announced that high school seniors and college students who are Missouri residents are eligible to apply for Missouri Insurance Education Foundation (MIEF) scholarships. The deadline is March 31. Four, $1,500 scholarships are awarded to graduating …

POSTED JANUARY 23, 2018 5:19 PM
Tata Group Predicts Significant Organic Growth Opportunities in Insurance
The Tata Group sees potential for significant growth in financial services without relying on acquisitions, as India’s largest conglomerate looks to sharpen its focus on about half a dozen businesses. “Both our insurance business and non-banking finance company have got …

POSTED JANUARY 23, 2018 4:29 PM
Travelers Manages Q4 Profit Despite Wildfires, Tax Hit
Property/casualty insurance giant Travelers Companies Inc. reported net income of $551 million for the quarter ended December 31, 2017, a 42 percent drop compared to $943 million in the prior year quarter. The drop was attributable to claims from California’s …

POSTED JANUARY 23, 2018 4:23 PM
Idaho School Trying to Recover Data Weeks After Ransom-Seeking Cyberattack
Nearly six weeks after being hit by a massive ransomware cyberattack, the Jerome School District is still working to recover. On Dec. 11, school district officials found out much of its data was encrypted. Each affected file included a message …

POSTED JANUARY 23, 2018 3:39 PM

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