Monthly Archives: <span>April 2018</span>

People

Cincinnati, Ohio-based Great American Insurance Group added Betty Shepherd as divisional senior vice president of Cyber Liability. She will oversee the company’s cyber initiatives and existing cyber underwriting operations. Shepherd will also coordinate product management and development for all Great …

Injured Minnesota Woman Seeks Change in Boat Insurance Law

A Minnesota woman who lost her lower left leg in a boating accident is advocating for a change in state law after she was excluded from her husband’s insurance policy on the boat. Courtney Godfrey lost part of her leg …

Data Show Rise in Fatal Car Crashes on 4/20 Marijuana ‘Holiday’

Marijuana users’ self-proclaimed holiday is linked with a slight increase in fatal U.S. car crashes, an analysis of 25 years of data found. The study lacks evidence on whether pot was involved in any of the April 20 crashes, but …

Michigan Auto Insurance Assessment Rising to $192

Michigan drivers with auto insurance will pay $192 annually per vehicle to cover unlimited medical benefits for severely injured motorists beginning in July. The fee was announced by the Michigan Catastrophic Claims Association (MCCA), which reimburses insurers for personal injury …

Workers’ Comp Written Premium in California Fell Slightly in 2017

Written premium in California workers’ compensation fell slightly last year, the first time that’s happened in seven years, according to a new report out. The Workers’ Compensation Insurance Rating Bureau released its quarterly experience report on Friday. The report is …

Octo Telematics’ Execs to Buy 20% of Russian Shareholder Stake, Paving Way for IPO

Italy’s Octo Telematics announced that its chairman and chief executive have signed a binding agreement to purchase 20 percent of Octo’s shares from Russian company Renova Holdings. This share purchase will reduce Renova’s shareholding in the company to 48.55 percent, …

Accused of $211K Insurance Fraud, Arkansas Suspect Surrenders

An Arkansas insurance firm owner has surrendered to authorities on warrants in Pulaski County for felony insurance fraud, theft and forgery, the Arkansas Insurance Department announced. Joshua Eric Casada, owner of the Little Rock-based Casada Insurance Group, surrendered following an …

Massachusetts Top Court Rules Against Exxon in Climate Change Probe

Massachusetts’ top court on Friday rejected Exxon Mobil Corp’s bid to block the state’s attorney general from obtaining records to investigate whether the company for decades concealed its knowledge of the role fossil fuels play in climate change. The Massachusetts …

Oregon County Wants to Increase Marijuana Enforcement

An Oregon county is trying to crack down on illegal marijuana production by hiring two enforcement officers, and to limit new legal grows by considering a pause on the processing of applications to produce cannabis. The move this week by …

California Oil Company Slapped With $12.5M Fine

A California oil company with a long history of safety violations and regulatory lapses was hit with a record $12.5 million fine by state regulators for nearly 1,500 violations in the past year at an oil field in Orange County. …