News – Insurance Journal
|Florida Governor Issues Stay at Home Order; Insurance Deemed Essential Business
Florida Governor Ron DeSantis issued a statewide executive order Wednesday requiring all citizens in the state to stay at home except for those doing essential business or activities. The move comes as the state has more than 8,000 cases of …
POSTED APRIL 02, 2020 4:58 PM
|Toilet Paper-Hauling Truck Catches Fire on Texas Interstate
A tractor-trailer hauling toilet paper crashed and caught fire near Dallas early Wednesday, spilling the hot commodity all over an interstate. The fire shut down westbound lanes of Interstate 20 near Interstate 45 in Hutchins, the Texas Department of Transportation …
POSTED APRIL 02, 2020 4:07 PM
|‘I Heard the Roar’: Idaho Hit with 6.5 Magnitude Earthquake
An earthquake struck north of Boise, Idaho, on Tuesday evening, with people across a large area reporting shaking. The U.S. Geological Survey reports the magnitude 6.5 temblor struck just before 6 p.m. It was centered 73 miles northeast of Meridian, …
POSTED APRIL 02, 2020 4:06 PM
|New Orleans Officials, Developer Clash over Demolition of Collapsed Hotel
Plans to demolish the Hard Rock Hotel in New Orleans, which partially collapsed in October, remain in limbo as the city and developers disagree over how to safely bring down the structure. Among other things, the demolition plan is hampered …
POSTED APRIL 02, 2020 4:04 PM
|Horace Mann Taps Desrochers to Lead Property/Casualty Business
Horace Mann Educators Corp. has appointed Senior Vice President and Chief Corporate Actuary Mark Desrochers as head of the company’s property/casualty insurance business on an acting basis. Desrochers will take over from William Caldwell, who has resigned from his role …
POSTED APRIL 02, 2020 3:59 PM
|Reuters: Banks Cite Liability Risks, May Not Participate in Coronavirus Lending Plan
Thousands of U.S. banks, including some of the country’s largest lenders, have said they may not participate in the federal government’s small-business rescue program due to concerns about taking on too much legal and financial risk, five people with direct …
POSTED APRIL 02, 2020 3:20 PM
|How Social Inflation May Affect Coronavirus Business Interruption Losses
COVID-19 could produce a big increase in social inflation, according to A.M. Best. The reason: expectations that businesses will sue their insurers in an attempt to access their business interruption coverage for losses relating to the coronavirus pandemic. A.M. Best …
POSTED APRIL 02, 2020 3:12 PM
|Life-or-Death Decisions by Hospitals, Doctors Come With Threat of Lawsuits
Doctors and hospitals overwhelmed in the pandemic will have to make their excruciating life-or-death decisions meticulously or they risk being second-guessed by a jury when the onslaught is over. Lawyers who defend health care providers are already giving advice on …
POSTED APRIL 02, 2020 12:40 PM
|Mass. Division of Insurance Approves 6.8% Reduction in Workers’ Comp Rates
The Massachusetts Division of Insurance has approved a 6.8% reduction in the existing overall average workers’ compensation insurance rates for policies effective on and after July 1, 2020. The rate decrease was the result of a compromise reached by the …
POSTED APRIL 02, 2020 12:20 PM
|Everest Re Group Hires Lodge as Chief Financial Officer of Everest Insurance
Everest Re Group Ltd. has hired Dana Lodge as chief financial officer of Everest Insurance, reporting to Everest Insurance President and CEO Jonathan Zaffino as well as Everest Group CFO Craig Howie. Lodge will be based at the company’s U.S. …
POSTED APRIL 02, 2020 12:17 PM
|Watch out for coronavirus scams!
Even in a global pandemic, there are always people trying to steal a buck. Scams related to COVID-19 are the latest threat.
POSTED APRIL 02, 2020
|TDI emergency rule makes it easier to get refills, medications by home delivery
The Texas Department of Insurance (TDI) today announced an emergency rule to make it easier for Texans with TDI-regulated health insurance to get early refills and to get prescriptions at more locations, including by home delivery.
POSTED APRIL 01, 2020
|Guidance on COVID-19 and the Workplace
The Occupational Safety and Health Administration (OSHA) and the Centers for Disease Control (CDC) are working to provide information to employers about worker safety and exposure to the coronavirus disease 2019 (COVID-19).
POSTED MARCH 30, 2020
|DWC Updates Meeting and Event Plans
The Division of Workers’ Compensation (DWC) is postponing or creating online options for several upcoming meetings and events to help prevent the spread of COVID-19.
POSTED MARCH 26, 2020
|TDI adjusts licensing, continuing education requirements
Governor Greg Abbott has approved waiving certain licensing requirements for insurance agents and adjusters at the request of the Texas Department of Insurance (TDI). These measures will ensure services remain available during the state’s response to coronavirus COVID-19.
POSTED MARCH 24, 2020
|State takes actions to expand use of telemedicine services
The state is taking steps to expand the use of telemedicine to help doctors across Texas treat their patients and limit the spread of coronavirus COVID-19.
POSTED MARCH 18, 2020
|TDI updates meeting, event plans
The Texas Department of Insurance (TDI) is postponing or creating online options for several upcoming meetings and events to help prevent the spread of COVID-19.
POSTED MARCH 13, 2020
|Three Companies Earn Safety Awards
The Texas Department of Insurance, Division of Workers’ Compensation (DWC) recognized three Texas companies for exemplary workplace safety programs and low rates of work-related injuries and illnesses by renewing their Lone Star Safety Awards.
POSTED MARCH 10, 2020
|BCBSTX to repay consumers for emergency claims, marketing errors
Blue Cross Blue Shield of Texas (BCBSTX) has agreed to repay consumers after a Texas Department of Insurance (TDI) review found delays in handling out-of-network emergency claims and incorrect information in consumer notices and marketing materials.
POSTED MARCH 06, 2020
|In a Trade Dominated by Men, Tambré Martinez is Paving New Roads in Construction
Martinez’s skills, along with her partners’ background in construction and maintenance, combined to create a good foundation for the contracting business. Seven years ago, the partners launched Building EdLacer, a San Antonio-based contracting firm named in memory of a partner’s father.
POSTED MARCH 03, 2020