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

AIG Again Battered by Catastrophes But Reinsurance Lowers 3Q Net Loss

Catastrophe losses in Japan and North America pushed American International Group to a net loss of $1.3 billion for the third quarter of 2018, compared to a net loss of $1.7 billion in the prior-year quarter. Adjusted after-tax loss was …

Pinnacol Assurance in Colorado Names O’Rourke to Executive Team

Pinnacol Assurance in Colorado has named Krista O’Rourke vice president of agency relations and safety services. O’Rourke replaces longtime Pinnacol executive Jon Scott, who retired Sept. 30. She will also oversee business development, agent retention and safety management. O’Rourke has …

LMC Insurance to Offer Health Insurance Pool for Mid-Size Iowa Firms

LMC Insurance and Risk Management (LMC Insurance) is launching a new health insurance plan underwritten by Wellmark Blue Cross and Blue Shield for Iowa-based employers with 51-500 eligible employees. The program, referred to as the Employer Coalition, will be available …

3 Suspects in Sausage Plant Fire ID’d After Texas Arson Hotline Call

A resident of Richardson, Texas, who recognized a suspected arsonist from a television news report has been awarded a $500 check for his call that will lead to the arrests of three suspects in the fire of the Owens Sausage …

Texas Judge Finalizes $200M-Plus Award in Lexus Defects Case

A final judgment upholds a jury award of more than $200 million to a Dallas-area family against Toyota over what they alleged were defective front seats in their Lexus sedan. State District Judge Dale Tillery entered the final judgment on …

City, Grocery Reach $240K Settlement in Case of Stun-Gunned Ohio Girl

There’s a $240,000 settlement in the case of an 11-year-old black girl stunned by a Cincinnati, Ohio, police officer after she was spotted shoplifting in a grocery store and tried to run away. The Cincinnati Enquirer reported the city of …

Oklahoma Troopers Say Semi’s Lost Wheels Caused Crashes, 1 Fatal

Oklahoma state troopers are trying to find a tractor-trailer they say lost a wheel assembly in Oklahoma City and caused multiple crashes, including one that left a driver dead. The Oklahoma Highway Patrol says the series of crashes happened shortly …

Court Limits Insurer’s Payout in Massive Wisconsin Wildfire

The state Supreme Court is limiting an insurance company’s payout in a massive northwestern Wisconsin wildfire. Logging equipment owned by Ray Duerr Logging LLC sparked the Germann Road Fire in Douglas County in May 2013. The fire consumed about 7,442 …

School District in California Settles Teacher Sex Suit for $5M

The Los Angeles Unified School District will pay $5 million to settle a lawsuit filed on behalf of a student who was molested by a teacher when she was 13. It would be the largest payout the nation’s second-largest school …

QBE North America Names Kendle Regional Executive for Western Region

QBE North America has promoted Kristy Kendle to regional executive for the Western region, which includes Arizona, California, Idaho, Montana, Nevada, Oregon, Utah and Washington. Kendle is accountable for profitable growth across QBE’s specialized insurance business portfolio, as well as …