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News – Insurance Journal

AIG Taps Hancock from Lloyd’s as CEO of International General Insurance
American International Group Inc. announced that Jon Hancock has been appointed chief executive officer, International General Insurance. In this role, Hancock will lead the International operations of AIG’s General Insurance business. He will report to Peter Zaffino, president & global …

POSTED FEBRUARY 27, 2020 6:30 PM
Salvage Co. Mum on Environmental Impact of Plan for Overturned Georgia Cargo Ship
Officials for a salvage company suing to halt demolition of an overturned cargo ship on the Georgia coast appeared to back away Tuesday from claims that sawing the vessel into enormous chunks would cause an “environmental catastrophe.” Officials from the …

POSTED FEBRUARY 27, 2020 5:58 PM
Relentless Rain, Rising Rivers Keep Flooding Southeast Communities
This winter’s relentless rains across the South are still draining into rising rivers, leading to ongoing flooding in some communities. In south Alabama, the Bayou Sara is forecast to crest at 8 feet (2.4 meters) by Wednesday evening and remain …

POSTED FEBRUARY 27, 2020 5:45 PM
FEMA to Texans with Post-Harvey Group Flood Insurance: Plan for Standard Coverage
Following Hurricane Harvey in late August 2017, the Federal Emergency Management Agency issued three-year group flood insurance policies (GFIPs) to nearly 7,000 households in Texas that were impacted by the storm. FEMA says those policyholders need to plan now for …

POSTED FEBRUARY 27, 2020 5:44 PM
Time Is Now for Agents to Address Privacy of Customer Data
New regulations, insurer pressure and growing consumer alarm about online security will force agents to act this year to protect their data from unfettered use by third-party vendors. The NAIC Insurance Data Security Model Law has already been adopted in …

POSTED FEBRUARY 27, 2020 5:19 PM
Cause of Fire that Destroyed Businesses in Minnesota Town Still Unknown
Investigators worked to learn what caused a massive fire that wiped out part of downtown Alexandria in western Minnesota. More than 100 firefighters battled a blaze on Feb. 25 that destroyed RM Tattoo, Raapers Eatery & Ale, Charlie’s Bazaar and …

POSTED FEBRUARY 27, 2020 5:18 PM
IMA Group Acquires Behavioral Health Firm PsyBar
Tarrytown, N.Y-based employment services firm The IMA Group (IMA) has acquired PsyBar, a specialty provider of behavioral health, independent medical exams and other employment-related services nationally. Edina, Minn.-based PsyBar’s specialists include national board-certified psychologists, neuropsychologists and psychiatrists. Financial terms of …

POSTED FEBRUARY 27, 2020 4:57 PM
Windhaven Insurance Ceasing Operations, Assets to be Auctioned Off
Auto and home insurer Windhaven Insurance has alerted its agents and employees in Florida that it is winding down the insurance operations of its entities, including Windhaven National Insurance Co., ClutchAnalytics and The Hearth Group, and that its assets are …

POSTED FEBRUARY 27, 2020 4:44 PM
California Wildfire Victims Fear They’ll Be Last in Payout
A $13.5 billion settlement between victims of California’s catastrophic wildfires and the utility blamed for causing them was supposed to bring some peace and hope to people still reeling from the devastation. Instead, the deal has sparked confusion, resentment, suspicion …

POSTED FEBRUARY 27, 2020 2:49 PM
Congress Urged to Uphold, Not Override, State Privacy Laws
California Attorney General Xavier Becerra on Tuesday sent a letter to four top U.S. lawmakers urging them not to pre-empt the state’s new privacy law with a watered down federal legislation. The California Consumer Privacy Act (CCPA), effective since the …

POSTED FEBRUARY 27, 2020 2:23 PM

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