Industry News

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California Commissioner and U.N. to Develop Sustainable Insurance Roadmap
July 23, 2019
The California Department of Insurance and the United Nations Environment Program on Tuesday announced the launch of a yearlong effort to develop a “Sustainable Insurance Roadmap” to confront California’s climate risks. Insurance Commissioner Ricardo …

Big Cannabis Bills That Await California Lawmakers Include Banking and Hemp Products
July 23, 2019
Next month could be big for California’s cannabis industry. Among legislation introduced last session by state lawmakers was a bill to enable hemp-infused food and beverages to be legally sold by licensed marijuana retailers, and a bill that would en …

Kentucky Drug Overdose Deaths Decrease for First Time in 5 Years
July 23, 2019
After years of rising death tolls from a surge in drug addiction, Kentucky officials on Thursday reported the first statewide drop in drug overdose deaths since 2013. A new report indicated that 1,333 people died from drug overdoses in 2018, …

Worley, Brown Launch Legion Claims Solutions in Louisiana
July 23, 2019
Legion Claims Solutions LLC (Legion), a firm specializing in the management of catastrophe insurance claims, environmental/industrial claims, and governmental disaster recovery programs, has opened in Baton Rouge, Louisiana. Seasoned industry profess …

With Commissioner’s OK, Wisconsin Workers’ Comp Rates to Fall by 8.8%
July 23, 2019
Wisconsin’s chief insurance regulator has approved an overall 8.84% decrease in workers’ compensation premium rates. The new rates approved by Commissioner of Insurance Mark Afable are effective Oct. 1, 2019, and are expected to save Wisconsin busine …

Washington Woman Charged with Running Construction Business While on Disability
July 23, 2019
A Spokane, Wash.-area woman faces a felony theft charge for allegedly running a construction business while claiming she was too disabled to work. Deborah J. Steeneck, 59, is accused of stealing more than $11,000 in workers’ compensation cash benefit …

Clearing Large Swaths of Land Part of Plan to Slow Western Wildfires
July 23, 2019
The Trump administration is proposing an ambitious plan to slow Western wildfires by bulldozing, mowing or revegetating large swaths of land along 11,000 miles of terrain in the West. The plan announced this summer would create strips of land known … …

Largest U.S. Data Breach Settlements with Government Include 3 Insurers
July 23, 2019
The U.S. Federal Trade Commission announced on Monday that Equifax Inc. will pay up to $700 million for a data breach that exposed millions of consumers’ personal information. The following are seven of the largest data breach settlements with the … …

Allianz Promotes Castriotta to North American Financial Product Development Head
July 23, 2019
Allianz Global Corporate & Specialty has promoted Kelly Castriotta to regional head of Product Development for Financial Lines in North America. Castriotta, an attorney, joined the AGCS Financial Lines team in 2018 and has been helping to manage …

Connecticut Consumers Urged to Review Policies Ahead of Storm Season
July 23, 2019
Connecticut Insurance Commissioner Andrew N. Mais is urging homeowners to review their insurance policies before the upcoming tropical storm season. Peak hurricane season in Connecticut begins in mid-August and runs through late October. Mais says po …

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