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News – Insurance Journal

General Motors Agrees to Settle Hundreds of Ignition Lawsuits
General Motors Co. has agreed to settle federal lawsuits by as many as 203 plaintiffs over defective ignition switches in its vehicles, a Friday court filing shows. Settlement terms are confidential, but the accord could also resolve hundreds of state court …

POSTED JUNE 26, 2017 5:00 AM
Automakers Grapple with What To Do with Drivers in Autonomous Vehicles
Automakers are using tiny cameras, sensors to track drooping heads, steering wheel monitors and audible alerts to ensure drivers pay attention when using advanced driver assistance systems, like Tesla’s Autopilot, that allow drivers to take their hands off the wheel. …

POSTED JUNE 26, 2017 5:00 AM
Former Flatiron, Cantor Fitzgerald Execs Launch Premium Financing Firm National Partners
Denver-based National Partners, a new premium finance company, said that it will open for business and begin processing loans on July 2. Since its formation in July 2016, NP has been building out its software system and securing the state …

POSTED JUNE 26, 2017 5:00 AM
In Biggest Data Breach Settlement Yet, Anthem to Pay $115 Million
Anthem Inc., the largest U.S. health insurance company, has agreed to settle litigation over hacking in 2015 that compromised about 79 million people’s personal information for $115 million, which lawyers said would be the largest settlement ever for a data breach. The …

POSTED JUNE 26, 2017 5:00 AM
Florida Medical Marijuana Law Signed by Scott
  Florida Gov. Rick Scott signed legislation Friday to implement the medical marijuana amendment voters approved last year. Amendment 2, approved by 71 percent of the voters in November, took effect on Jan. 3 and required that laws had to …

POSTED JUNE 26, 2017 4:07 AM
Alabama Governor Requests Disaster Declaration for Farmers Hit by Storm
Alabama Gov. Kay Ivey is asking for federal assistance for farmers because of crop losses from Tropical Storm Cindy. Ivey sent a letter Friday to U.S. Department of Agriculture Secretary Sonny Perdue asking for a disaster declaration in some Alabama …

POSTED JUNE 26, 2017 4:01 AM
London Underwriters, Trigon to Offer Alabama Homeowners Program
London Underwriters LLC, a national MGA and surplus lines broker, has partnered with Birmingham based wholesaler Trigon Inc., to provide a new and exclusive low-value homeowners program for the state of Alabama. The product will target homeowners (HO3, HO6 and …

POSTED JUNE 26, 2017 4:01 AM
California Chamber and 2 Workers’ Comp Groups File Brief in Utilization Review Case
The California Workers’ Compensation Institute, the California Chamber of Commerce and the California Coalition of Workers’ Compensation have filed a joint amicus brief in Stevens v. WCAB, the long-running court case that challenged the constitutionality of the utilization review/independent medical …

POSTED JUNE 23, 2017 6:14 PM
Wine Named Securities Head, Shultz Asst. Commissioner at Kansas Insurance Dept.
John Wine, current assistant commissioner at the Kansas Insurance Department (KID), has been named securities commissioner within the department, and Clark Shultz has been tapped as Wine’s successor as assistant commissioner. The administrative changes are a result of the upcoming …

POSTED JUNE 23, 2017 4:50 PM
Watkins Insurance Group Expanding to Georgetown, Texas
Watkins Insurance Group announced it is expanding to Georgetown, Texas, and plans to build a new location in the city’s historic downtown. The new building, to be located at 815 South Main Street, will be a two-story development that will …

POSTED JUNE 23, 2017 4:35 PM

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