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News Center


News – Insurance Journal

Icahn Sues AmTrust Directors, Claims Privatization Plan Hurts Investors
Billionaire investor Carl Icahn sued the directors of AmTrust Financial Services Inc., Chief Executive Officer Barry Zyskind and the family that controls the insurer to challenge a plan to take the insurer private, arguing it will shortchange investors. Icahn, who …

POSTED MAY 21, 2018 9:10 PM
XL Catlin Adds Nieves to War, Terrorism, Political Violence Team in Atlanta
XL Catlin has promoted Lindsey Nieves to AVP, underwriting manager in its regional US War, Terrorism & Political Violence insurance team for the South and Central zone, which is headquartered in Atlanta. According to Ben Tucker, head of XL Catlin’s …

POSTED MAY 21, 2018 4:54 PM
Supreme Court Backs Employers on Forced Arbitration, Limiting Employee Class Actions
A divided U.S. Supreme Court ruled that employers can force workers to use individual arbitration instead of class-action lawsuits to press legal claims. The decision potentially limits the rights of tens of millions of employees. The justices, voting 5-4 along …

POSTED MAY 21, 2018 2:49 PM
Wisconsin Family Sues Over Stun Gun Death of Mentally Ill Man
The family of a mentally ill man who died after Milwaukee, Wis.-area police officers used a stun gun on him has filed a federal civil rights lawsuit against the Village of West Milwaukee. The Milwaukee Journal Sentinel reported the family …

POSTED MAY 21, 2018 2:38 PM
Restrictions on Cellphones While Driving Not Being Added in Louisiana
Louisiana will not be enacting a ban on hand-held cellphone use while driving. A House-backed proposal stalled in the Senate, and the regular session ended Friday without action on the bill, killing it. Rep. Mike Huval, a Breaux Bridge Republican, …

POSTED MAY 21, 2018 2:35 PM
Gas Leak Was Cause of Explosion at Houston-Area Plant, Company Says
Officials say a gas leak caused an explosion and brief flash fire at a chemical plant near Houston, Texas, resulting in non-life threatening injuries to nearly two dozen workers. Kuraray America says in a news release that ethylene escaping from …

POSTED MAY 21, 2018 2:33 PM
XL Catlin’s Benjamin to Head Zurich North America’s Management Solutions Group
Brian Benjamin, a longtime insurance executive with experience in professional liability lines, has joined Zurich North America as head of Management Solutions. Benjamin will be accountable for the performance of the Management Solutions Group (MSG) unit, which is part of …

POSTED MAY 21, 2018 2:19 PM
California Legislation Aims to Clarify Mudslide Insurance
The California Senate has approved legislation that seeks to clarify homeowners’ insurance coverage following deadly mudslides near Santa Barbara. Insurance policies generally cover damage caused by fires but not by mudslides. That creates confusion in cases like the mudslides in …

POSTED MAY 21, 2018 2:15 PM
PG&E Judge Won’t Rule Out California Fire Cost Claim
PG&E Corp. suffered another legal setback with a judge saying he won’t release the company from a key legal claim over the most destructive wildfires in California history. PG&E has been challenging a California law allowing private property owners to …

POSTED MAY 21, 2018 2:08 PM
U.S. Cyber Market Grew 32% in 2017 But Most Small-Medium Firms Opted Out: A.M. Best
The U.S. market for cyber insurance grew significantly in 2017, as direct premiums written rose nearly 32 percent year over year to $1.8 billion, and policies in force jumped 24 percent to 2.6 million, according to an A.M. Best special …

POSTED MAY 21, 2018 1:58 PM

NOTICE: The links and articles found on or within this news center are simply for informational purposes that we believe may be of benefit to our clients and/or website visitors. By providing these links on our website, we are not recommending or endorsing the use of the particular products or services these third parties offer. Nor does Turner Insurance Agency, Inc. confirm, corroborate or agree to the statistics or opinions on these links and articles. We urge you to review each website’s Privacy Policy, Disclaimers, and develop an independent opinion of the service or product for any link pursued.

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