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News – Insurance Journal
Man Who Helped Burn Minneapolis Precinct During Floyd Unrest Sentenced
A St. Paul, Minnesota, man has been sentenced to more than three years in prison for his role in the arson fire that burned a Minneapolis police station during protests over the death of George Floyd. Branden Michael Wolfe, 23, …
POSTED MAY 06, 2021 4:40 PM |
Kentucky City Threatened by Sewage Lagoon Seeping through Embankment
A sewage lagoon above a small western Kentucky city is seeping through its embankment and is likely to fail, prompting the mayor to warn residents living downhill to prepare to evacuate if more rains increase the danger. The Kentucky Energy …
POSTED MAY 06, 2021 4:28 PM |
Flood Threats Persist as Storms Continue to Drench the South
Relentless wind and rain continued to pummel much of the southeastern United States Wednesday, spawning tornadoes, sparking a flash flood emergency in Alabama and damaging homes from Texas to Virginia. The storms have prompted boat rescues and toppled trees and …
POSTED MAY 06, 2021 4:26 PM |
Ahead of Biden visit, Louisiana Seeks More Hurricane Disaster Aid
U.S. Sen. Bill Cassidy has asked President Joe Biden, ahead of his May 6 visit to Louisiana, to back disaster aid to help the state with recovery from the 2020 hurricanes. Louisiana’s Republican senior senator and Oregon U.S. Sen. Jeff …
POSTED MAY 06, 2021 4:06 PM |
Many Safety Issues Found Where Texas Oilfield Worker Died from Gas Leak
In its report on the Oct. 26, 2019, hydrogen sulfide gas release that killed a Texas oilfield worker and his wife, the U.S. Chemical Safety Board (CSB) says it found multiple safety issues at the site where the incident occurred. …
POSTED MAY 06, 2021 3:38 PM |
Allstate Q1 Revenue Soars 26% on National General, Premium Gains
Allstate reported an overall $1.4 billion net loss in the first quarter due to the sales of its life and annuity businesses, compared to net income of $513 million in the first quarter of 2020. However, net income adjusted to …
POSTED MAY 06, 2021 3:32 PM |
Maine One of Latest States to Enact NAIC-Inspired Insurance Data Security Act
Maine is one of the latest states to enact its own version of the National Association of Insurance Commissioners (NAIC) model data security law, signing the Maine Insurance Data Security Act into law on March 17. The NAIC Insurance Data …
POSTED MAY 06, 2021 3:10 PM |
Judge Weighs Whether PG&E Violated Probation With 2019 California Fire
A federal judge is weighing whether Pacific Gas & Electric violated its criminal probation by sparking a wildfire north of San Francisco that destroyed more than 100 homes and injured six firefighters in October 2019. Prosecutors and attorneys for PG&E …
POSTED MAY 06, 2021 2:50 PM |
Gallagher Bassett Services Acquires Total Safety Consulting and Its Affiliates
Arthur J. Gallagher & Co.’s risk management services subsidiary, Gallagher Bassett Services Inc. (GB), has acquired Bayonne, New Jersey-based Total Safety Consulting LLC (TSC) and its affiliates, including TSC Training Academy LLC (TSCTA). Terms of the transaction were not disclosed. …
POSTED MAY 06, 2021 2:30 PM |
U.S. Legal Cannabis Sales Hit Record $17.5B as Legislation Transforms Insurance Outlook
A new report highlights the opportunity for insurers in cannabis. New Dawn Risk launched its latest white paper on insurance for the U.S. legal cannabis, CBD and hemp markets. The 2021 report is called “Opportunity knocks at last in the …
POSTED MAY 06, 2021 2:05 PM |
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