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News – Insurance Journal

Aspen Ceases Underwriting Property Insurance from Bermuda Platform
Aspen Insurance Holdings confirmed on Friday, Feb. 16 that it has ceased underwriting property insurance on its Bermuda platform, effective immediately, as a result of the company’s 2017 catastrophe losses. The move was made in response to CEO Chris O’Kane’s …

POSTED FEBRUARY 16, 2018 7:20 PM
Texas Petro-Chemical Contractor Sued for Disability Discrimination
A blood disorder led to the unlawful firing of three laborers at a Texas-based petro-chemical contractor, federal officials say. the U.S. Equal Employment Opportunity Commission (EEOC) has charged in a lawsuit that Signature Industrial Services LLC (SIS) unlawfully fired the …

POSTED FEBRUARY 16, 2018 5:47 PM
Detroit Suburb Settles Fatal Police Shooting for $1.25M
A Detroit suburb agreed to a $1.25 million settlement in a lawsuit filed by the family of a woman who was fatally shot by police near a shopping mall, according to a document released on Feb. 15. A Dearborn officer …

POSTED FEBRUARY 16, 2018 5:24 PM
Agency Warns of Possible Hepatitis Exposure at Arkansas Restaurant
State health officials say people who visited a Taco Bell restaurant in northeast Arkansas may have been exposed to hepatitis A after an employee tested positive for the virus. The health department says the affected restaurant is in Corning, about …

POSTED FEBRUARY 16, 2018 5:19 PM
Associated Benefits and Risk Acquiring Wisconsin’s Diversified Insurance
Associated Benefits and Risk Consulting (ABRC) announced it will acquire Diversified Insurance Solutions (Diversified), based in Milwaukee, Wisconsin. The transaction is expected to close next month. Terms of the transaction were not disclosed. Based in Green Bay, Wisconsin, ABRC is …

POSTED FEBRUARY 16, 2018 5:14 PM
Former Texas Agent Gets Life Sentence for Insurance Scam
A former Lubbock, Texas, insurance agent has been sentenced to life in prison and ordered to pay back $810,000 to his victims, the Texas Department of Insurance (TDI) reported. Officers with the Texas Department of Insurance Fraud Unit found that …

POSTED FEBRUARY 16, 2018 5:13 PM
Owner of Arizona Car Rental Companies Hit with $1.8M Verdict
A judge has ruled that the owner of two rental car companies in Phoenix, Ariz. must pay $1.85 million for defrauding Arizona consumers. The verdict was announced this week by the Arizona Attorney General’s Office. State prosecutors filed a consumer …

POSTED FEBRUARY 16, 2018 4:14 PM
Coal Company Cited for Safety Issues in Wyoming Miner’s Death
Rocky Mountain Power has been cited with a safety violation for the death of a miner in September. Jaimie Olivas was killed in the Bridger Underground Coal Mine when part of a wall of coal collapsed on him. The Casper …

POSTED FEBRUARY 16, 2018 4:12 PM
Hundreds of Illegal Pot Shops Operating in Los Angeles, Police Say
Los Angeles has issued licenses to nearly 100 marijuana retailers but police estimate there are at least two times that number operating illegally in the city and undercutting those who are playing by the rules. Police have shut down eight …

POSTED FEBRUARY 16, 2018 4:09 PM
New York Working to Deter Fraud, Manipulation in Virtual Currency Markets
New York Department of Financial Services (DFS) has issued guidance reminding all virtual currency entities licensed by New York State, including those that hold a money transmitter license, that they are required to implement measures designed to detect, prevent and …

POSTED FEBRUARY 16, 2018 3:15 PM


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