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Insurance Journal delivers the latest business news for the Property/Casualty insurance industry
Updated: 48 weeks 2 days ago

General Star Expands Products Liability Appetite to 50 New Classes of Business

Mon, 07/25/2016 - 12:54am
General Star Management Co. has added 50 classes for products liability offered by the Delegated Division, Contract P&C Unit. In addition, the gross receipts threshold for eligibility has been increased from $1.5 million to up to $5 million subject to …

Miami Attorney Charged with Insurance Fraud in $1.5M PIP Scheme

Mon, 07/25/2016 - 12:44am
An attorney in Miami has been arrested for alleged involvement in a personal injury protection (PIP) fraud scheme that accounted for nearly $1.5 million in financial loss, according to Florida Chief Financial Officer Jeff Atwater and the Department of Financial …

Court Rejects Wal-Mart Shareholders’ Claim of Directors’ Liability for Mexican Bribes

Mon, 07/25/2016 - 12:00am
Wal-Mart Stores Inc. executives and directors persuaded a federal appeals court on Friday to reject shareholder claims that they permitted and then covered up pervasive bribery by officials at the world’s largest retailer’s Mexico unit. By a 3-0 vote, the …

Online Agency Insureon Secures $3B in Capacity from Lloyd’s to Launch MGA for Small Business

Mon, 07/25/2016 - 12:00am
Insureon, an online agency for small business insurance, has formed a new managing general agency (MGA), Insureon Underwriting Managers, which will operate as a division of Insurance Noodle, the company’s wholesale brokerage subsidiary. The new MGA will target hard-to-place coverage …

President of Florida Insurance Agency Reviving Pensacola Oyster Farms

Sun, 07/24/2016 - 11:20pm
Anyone driving on Scenic Highway recently between Scenic Terrace and Park Place Apartments probably spotted rows of dark-colored shapes floating in Escambia Bay and wondered, “What are those?” The dark shapes round into focus July 15 as Donnie McMahon III …

ClearView Risk Expands Into Florida; Taps Driggers, Glennon to Lead

Sun, 07/24/2016 - 11:10pm
ClearView Risk Holdings, LLC has expanded into Florida and hired Keith Driggers and Barbara Glennon to join its subsidiary Southwest Risk, LP. Both will serve as vice president and broker in the Tallahassee office, which will be branded as ClearView Risk – Florida. Driggers is a 21-year veteran …

48 People Escape Bus Fire in Georgia

Sun, 07/24/2016 - 11:07pm
Some 48 people were uninjured after a charter bus erupted into flames on an interstate near the Mall of Georgia. Gwinnett Fire spokesman Capt. Tommy Rutledge says the fire started near the engine compartment toward the back of the bus …

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