News Center
News – Insurance Journal
First Washington Employer Cited for Ignoring Governor’s Safe Start Order
A fitness center near Yakima, Wash. is facing nearly $10,000 in fines for operating in violation of Gov. Jay Inslee’s Safe Start order. The Washington State Department of Labor & Industries cited company owner Bradshaw Development, Inc. this week after …
POSTED JULY 01, 2020 8:01 PM |
Just Auto in California Secures $5.7M Seed Financing Led by ManchesterStory
Los Angeles, Calif.-based SF Insuretech Inc., the parent company of Just Auto Insurance, on Wednesday announced a $5.7 million seed funding round. ManchesterStory led the round, with additional investments from CEO and Founder Robert Smithson, Crosscut Ventures and Plug & …
POSTED JULY 01, 2020 7:24 PM |
California Commissioner Launches Diversity Initiative, Names COIN Board Members
California Insurance Commissioner Ricardo Lara on Wednesday announced the launched an “Invest in Our Diverse Communities” initiative to identify diverse woman-, veteran-, LGBTQ, Latinx, Asian Pacific Islander, Black, and Native American-owned investment managers who can guide investments made by insurers …
POSTED JULY 01, 2020 5:52 PM |
Mayor in Savannah, Georgia Implements Strict Mask Policy for Businesses, Public Places
The mayor of Savannah said Tuesday he’s ordering people to wear masks inside retail shops, grocery stores and other public places – and those who refuse could face $500 fines. “Frankly and honestly, I do not believe that we have …
POSTED JULY 01, 2020 4:56 PM |
Hilltop Holdings Completes Sale of National Lloyds to Align Financial
Dallas-based Hilltop Holdings Inc. and Align Financial Holdings LLC (Align) announced the completion of the sale of Hilltop’s wholly owned Texas-based subsidiary, National Lloyds Corp. (National Lloyds), to Align on June 30. The transaction, which was first announced in January …
POSTED JULY 01, 2020 4:43 PM |
Fort Worth P/C Insurer, Hallmark Financial, Reports $34M Loss
Hallmark Financial Services Inc. (HALL) has reported a loss of $34 million in its fourth quarter. The Fort Worth, Texas-based company said it had a loss of $1.87 per share. Losses, adjusted for investment gains, were $2.01 per share. The …
POSTED JULY 01, 2020 4:43 PM |
Flooding in Western Wisconsin Causes Evacuations, Rescues
Some residents of a western Wisconsin village hit hard by hours of torrential rain were evacuated from their homes as floodwater lapped at their doors and motorists had to be rescued from the roofs of their partially submerged vehicles. The …
POSTED JULY 01, 2020 4:42 PM |
R Street Lauds Louisiana Lawmakers for Passing Auto Insurance Reform Bill
The R Street Institute, a non-profit public policy research organization based in Washington, D.C., says the Louisiana Legislature’s passage of a bill aimed at lowering high auto insurance costs represents a positive direction for insurance markets in the state. R …
POSTED JULY 01, 2020 4:42 PM |
Textron Aviation Cited for 2019 Explosion at Kansas Site
Federal regulators have cited aircraft maker Textron Aviation for a December 2019 explosion that injured 15 workers at its Wichita, Kansas, manufacturing plant. U.S. Department of Labor’s Occupational Safety and Health Administration says Textron had a serious violation when it …
POSTED JULY 01, 2020 4:23 PM |
No Coverage Owed for Shooting Due to Criminal Act Exclusion
An insurer is not liable for injuries caused by a policyholder who shot a 15-year-old boy in the head because the policy excluded coverage for criminal acts, a split Georgia Court of Appeals panel decided. The 2-1 ruling by the …
POSTED JULY 01, 2020 3:35 PM |
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