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Insurance News & Reinsurance News


Find here the latest insurance industry news from around the world. The news is updaily almost hourly.

Insurance News Update

Illinois Senate Again Passes Workers? Comp Reform Measure
The Illinois Senate has approved restrictions on insurance companies writing workers’ compensation policies. The plan that passed 34-21 on April 17 is identical to one Gov. Bruce Rauner vetoed last year. The Republican has complained for years that workers’ compensation …
Geico Must Pay $23M to Southern California Motorist
A jury has decided Geico Insurance must pay a Southern California man nearly $23 million in compensation and damages after the company unreasonably delayed paying out on a $400,000 damage claim. The injured driver, Omar Dauod, maintains the delayed payment …
Tesla Probed by California Agency on Occupational Safety
Tesla Inc. is being probed by a California agency for occupational safety after a report that the electric carmaker failed to disclose serious injuries at a Fremont factory. The state’s Occupational Safety and Health Administration disclosed the inspection on Wednesday, …
Trump Administration Proposes Curbs on Opioid Manufacturers
The U.S. government on Tuesday proposed tightening rules governing the amount of prescription opioid painkillers that drugmakers can manufacture in a given year, in hopes of reining in the deadly opioid epidemic. The Drug Enforcement Administration’s proposed changes to its …
Judge Rules Convicted Swindler in Connecticut Won?t Have to Pay Restitution
A judge has ruled that a former Connecticut insurance broker convicted of swindling millions of dollars from several elderly clients won’t have to repay the money, as originally ordered. Galan Newton was sentenced to 15 years in prison in 2001 …
Louisiana Auditor: State Spent $5M on Sexual Harassment Lawsuits
Louisiana has spent more than $5 million on lawsuits involving sexual harassment claims since 2009, the state’s legislative auditor said in a new report released Tuesday on the eve of debate on bills targeting sexual misconduct in government. Legislative Auditor …
Data Breach Victims Get Second Chance Against Barnes & Noble
A federal appeals court revived a lawsuit seeking to hold Barnes & Noble Inc. responsible for customer losses from a 2012 data breach, where fraudsters tampered with payment verification machines known as PIN pads at 63 bookstores in nine U.S. …
Safeco Appoints Pooley as VP, General Manager of Southeast Region
Safeco Insurance has appointed Debra Pooley as vice president and vice president and general manager of the Southeast Region. Pooley replaces Carl Canales who has been named vice president and general manager for the Northeast Region. She is is based …
Families Seek Compensation After 30 Dogs Die in Michigan Kennel Fire
Some dog owners are seeking compensation after 30 pets were killed during a spring break fire at a western Michigan kennel. Jennifer Nunez tells WOOD-TV that her family is heartbroken over the death of Harley, a Newfoundland that cost more …
Insurance Australia Group Plans to Sell Troubled SE Asian Businesses: Sources
Insurance Australia Group is set to sell its four Southeast Asian businesses in deals that could be valued at about $500 million, under a review of its Asian operations, three people with knowledge of the matter said. IAG, Australia’s biggest …

Reinsurance News Update

Geico Must Pay $23M to Southern California Motorist
A jury has decided Geico Insurance must pay a Southern California man nearly $23 million in compensation and damages after the company unreasonably delayed paying out on a $400,000 damage claim. The injured driver, Omar Dauod, maintains the delayed payment …
Louisiana Auditor: State Spent $5M on Sexual Harassment Lawsuits
Louisiana has spent more than $5 million on lawsuits involving sexual harassment claims since 2009, the state’s legislative auditor said in a new report released Tuesday on the eve of debate on bills targeting sexual misconduct in government. Legislative Auditor …
Data Breach Victims Get Second Chance Against Barnes & Noble
A federal appeals court revived a lawsuit seeking to hold Barnes & Noble Inc. responsible for customer losses from a 2012 data breach, where fraudsters tampered with payment verification machines known as PIN pads at 63 bookstores in nine U.S. …
Families Seek Compensation After 30 Dogs Die in Michigan Kennel Fire
Some dog owners are seeking compensation after 30 pets were killed during a spring break fire at a western Michigan kennel. Jennifer Nunez tells WOOD-TV that her family is heartbroken over the death of Harley, a Newfoundland that cost more …
Illinois Senate Again Passes Workers? Comp Reform Measure
The Illinois Senate has approved restrictions on insurance companies writing workers’ compensation policies. The plan that passed 34-21 on April 17 is identical to one Gov. Bruce Rauner vetoed last year. The Republican has complained for years that workers’ compensation …
Safeco Appoints Pooley as VP, General Manager of Southeast Region
Safeco Insurance has appointed Debra Pooley as vice president and vice president and general manager of the Southeast Region. Pooley replaces Carl Canales who has been named vice president and general manager for the Northeast Region. She is is based …
Tesla Probed by California Agency on Occupational Safety
Tesla Inc. is being probed by a California agency for occupational safety after a report that the electric carmaker failed to disclose serious injuries at a Fremont factory. The state’s Occupational Safety and Health Administration disclosed the inspection on Wednesday, …
Trump Administration Proposes Curbs on Opioid Manufacturers
The U.S. government on Tuesday proposed tightening rules governing the amount of prescription opioid painkillers that drugmakers can manufacture in a given year, in hopes of reining in the deadly opioid epidemic. The Drug Enforcement Administration’s proposed changes to its …
Judge Rules Convicted Swindler in Connecticut Won?t Have to Pay Restitution
A judge has ruled that a former Connecticut insurance broker convicted of swindling millions of dollars from several elderly clients won’t have to repay the money, as originally ordered. Galan Newton was sentenced to 15 years in prison in 2001 …
Insurance Australia Group Plans to Sell Troubled SE Asian Businesses: Sources
Insurance Australia Group is set to sell its four Southeast Asian businesses in deals that could be valued at about $500 million, under a review of its Asian operations, three people with knowledge of the matter said. IAG, Australia’s biggest …

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