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News – Insurance Journal

California Insurance Commissioner OKs Workers’ Comp Pure Premium Reduction
California Insurance Commissioner Ricardo Lara has adopted and issued a revised average advisory pure premium rate, lowering the benchmark to $1.52 per $100 of payroll for workers’ compensation insurance, effective Jan. 1, 2020. This is the ninth consecutive reduction to …

POSTED NOVEMBER 15, 2019 12:15 AM
California Commissioner Orders FAIR Plan to Increase Homeowners Coverage Options
California’s property insurer of last resort will soon be offering more homeowners coverage options as directed by the state’s insurance commissioner in response to the pressure put on the property insurance market by wildfire risks. California Commissioner Ricardo Lara has …

POSTED NOVEMBER 14, 2019 8:36 PM
Top Risks Facing Cannabis Industry in 2020 Not What You Think
On the tail-end of what turned out to be an extremely risky year for cannabis companies, one must wonder what 2020 has in store for a quasi-legal industry that is contending with a vaping crisis, contentious politics at all levels …

POSTED NOVEMBER 14, 2019 7:30 PM
CEO of Gallagher’s UK Broker/Underwriting Unit Apologizes for ‘Insensitive Comments’
Simon Matson, CEO of Arthur J. Gallagher’s UK broking and underwriting business, has apologized for “insensitive comments” made when former employees left Gallagher-owned Alesco to join Ardonagh Group. Comments made by Matson and other Alesco executives came to light when …

POSTED NOVEMBER 14, 2019 5:05 PM
Torres, Marquez Join Burns & Wilcox’s Houston Management Team
Suzette Torres and Gina Marquez have joined the Houston management team of wholesale insurance broker and underwriting manager, Burns & Wilcox. Torres joins as a managing director and Marquez joins as an operations manager. Torres oversees day-to-day management and is …

POSTED NOVEMBER 14, 2019 4:59 PM
Nationwide Names Sirota as Chief Pet Officer
Nationwide’s pet insurance operation has new top dog. Heidi Sirota has been named chief pet officer for Nationwide’s pet health insurance unit. In her new role, Sirota will oversee all aspects of Nationwide pet insurance operation including profitability, strategy, product, …

POSTED NOVEMBER 14, 2019 4:48 PM
California Trucking Association Suing over New Independent Contractor Law
The California Trucking Association and two California independent owner-operator truck drivers have filed an amended complaint with the U.S. Southern District Court seeking declaratory and injunctive relief against California’s new independent contractor law. The law codified the employment test set …

POSTED NOVEMBER 14, 2019 3:36 PM
Vermont Police Investigating After One Injured in Explosion of ‘Homemade Device’
Vermont police are investigating after one person was injured by the explosion of what’s described as a “small homemade destructive device.” Brattleboro police say there is no known concern for the safety of the public. Police and rescue crews were …

POSTED NOVEMBER 14, 2019 3:33 PM
Union Mutual of Vermont Companies Hires Campbell
Sean P. Campbell recently joined Union Mutual of Vermont Companies as assistant vice president of Personal Lines Underwriting and Business Development, President and CEO Michael Nobles announced. Campbell will be based in Central New York in his new role. He …

POSTED NOVEMBER 14, 2019 3:25 PM
Former Executive Sues MetLife Alleging Gender Bias; Insurer Denies Claims
A former MetLife Inc. executive claims she suffered years of gender-based pay discrimination and harassment from members of the insurer’s top leadership team and that she was fired after complaining about a lack of diversity. Mona Moazzaz, a former chief …

POSTED NOVEMBER 14, 2019 2:56 PM

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