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News – Insurance Journal

$19 Billion in Potential Losses from Cloud Services Failure Mostly Uninsured: Lloyd’s, AIR
A cyber problem that temporary shuts down a top U.S. cloud computing provider could trigger as much as $19 billion in business losses, only a fraction of which would be insured, Lloyd’s of London said in a report on Tuesday. …

POSTED JANUARY 23, 2018 7:00 PM
FIT Insurance in Washington Names Morales Personal Account Manager
Bellevue, Wash.-based FIT Insurance has named Cynthia Morales a personal account manager. Morales has more than five years of experience in the private client insurance industry. She comes to FIT from Pacific Northwest Insurance. FIT Insurance is a boutique insurance …

POSTED JANUARY 23, 2018 6:58 PM
EPIC Adds Westphal in California Healthcare Practice
EPIC Insurance Brokers and Consultants has added Philip Westphal to its commercial property/casualty team in Sacramento, Calif., as a risk advisor/broker in the healthcare practice. Westphal will report to Tom McCready, managing principal and healthcare practice co-leader. He will be …

POSTED JANUARY 23, 2018 6:51 PM
Registration for California Seismic Retrofit Grants Opens
Registration opens today for eligible homeowners to receive grants of up to $3,000 for seismic retrofits of their older homes. Homeowners have until Feb. 23 to apply for a grant from California’s Earthquake Brace + Bolt program. EBB is expanding …

POSTED JANUARY 23, 2018 6:48 PM
Kentucky Accuses Drug Distributor of Helping Fuel Opioid Epidemic
Kentucky’s attorney general on Monday accused drug distributor McKesson Corp of helping fuel the opioid epidemic by failing to halt shipments of suspiciously large or frequent orders by pharmacies of prescription painkillers. The complaint by Kentucky Attorney General Andy Beshear …

POSTED JANUARY 23, 2018 5:52 PM
Tree Company Sued, Blamed for 2011 Texas Wildfire that Killed 2
Texas is suing a vegetation management company that it alleges caused the 2011 Bastrop County Complex Fire, the most destructive wildfire in Texas history. The lawsuit filed on Jan. 19 by Texas Attorney General Ken Paxton alleges the Asplundh Tree …

POSTED JANUARY 23, 2018 5:42 PM
Buildings Damaged, Power Cut by Strong Winds in Arkansas
Thousands of people are without electricity in Arkansas after strong storms moved through the state. Entergy Arkansas says crews are working to restore electricity to the 7,000 homes and businesses that lost power in the storms late Sunday and early …

POSTED JANUARY 23, 2018 5:40 PM
In Turnabout, Wisconsin Governor Moves to Stabilize Insurance Market
In a tack to the left in an election year, Wisconsin Republican Gov. Scott Walker announced Sunday that he wants a state law that would bar insurers from denying a person health coverage due to a pre-existing condition. He also …

POSTED JANUARY 23, 2018 5:38 PM
Former Arkansas Insurance Commissioner Horne Passes
Former Arkansas Insurance Commissioner Allan W. “Dick” Horne has passed away, according to the Arkansas Insurance Department. Horne led the department for three years, from 1968 through 1970. In a statement, Arkansas Insurance Commissioner Allen Kerr commented: “The Arkansas Insurance …

POSTED JANUARY 23, 2018 5:34 PM
Professional Liability Insurance Brokerage, Gemini Risk, Launched in Michigan
Experienced lawyers and insurance professionals David Kramer and Theodore Nittis have launched Gemini Risk Partners as an independent professional liability insurance brokerage in Bloomfield Hills, Michigan. The firm will focus on serving law firms, as it did when it was …

POSTED JANUARY 23, 2018 5:26 PM

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