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Multiple Tornadoes Hit the Midwest; One Killed in Missouri

The National Weather Service says multiple tornadoes touched down in central Illinois, damaging dozens of structures, downing power lines and injuring at least 20 people. Meteorologist Chris Geelhart says the twisters occurred in the evening on Dec. 1 along the …

Several Injured in North Texas School Bus/Car Accident

Investigators say one adult has been critically injured and several students were slightly hurt when a school bus was hit head-on by a car in North Texas. The Department of Public Safety says the Bridgeport Independent School District bus was …

Oklahoma Ruling Could Set Precedent for Marijuana Use in Work Comp Cases

A recent Oklahoma court ruling that permits an injured worker to receive workers’ compensation benefits with a positive drug test could set a precedent for such cases at a time when medical marijuana may soon be widely available in the …

The Hartford Acquires Sharing Economy Insurance Specialist Y-Risk

The Hartford has purchased Y-Risk, a managing general underwriter that specializes in serving sharing and on-demand economy risks, from Allstar Financial Group, an Atlanta-based holding company with multiple specialty managing general agencies across the country. Unionville, Connecticut-based Y-Risk’s customer mix …

Class-Action Suit Filed Against Potato Chip Maker over Use of Hawaiian Name

A class-action lawsuit has been filed against the maker of potato chips sold under the brand name Hawaiian, claiming the chips made in Washington state are misleading customers. The Honolulu Star-Advertiser reported Michael Maeda of Honolulu and Iliana Sanchez of …

Storms up Avalanche Risks Across Rockies in Colorado, Wyoming and Montana

Forecasters have issued warnings of potential avalanches across the Rocky Mountains as early winter snows and ongoing storms bring on the risk of fatal accidents. Dangerous conditions were highlighted by officials over the weekend across much of Colorado, in northwest …

9 Month Results Show U.S. P/C Insurance Pivot to Big Profit: A.M. Best

The U.S. property/casualty insurance industry’s net underwriting income has so far swung from a massive loss in 2017 to substantial profit, according to an A.M. Best report. Carriers booked $3.5 billion in net underwriting income for the first nine months …

Ping An Insurance-Backed Financial Tech Firm Lufax Raises $1.3 Billion

Ping An-backed Lufax has raised $1.33 billion in its latest funding round from a dozen investors, at a valuation below expectations of the financial technology company, people with direct knowledge of the matter told Reuters. The fundraising values Lufax, set …

ArgoGlobal Names Aspen’s Lucas as Chief Actuary, International

Lloyd’s insurer ArgoGlobal has appointed Paul Lucas as chief actuary, international. Lucas brings 17 years of industry experience to ArgoGlobal. He joins the company from Aspen, where he was for nearly 12 years, most recently as global insurance chief actuary. …

University of Maryland Says 22 Confirmed Cases of Adenovirus

More cases of a respiratory virus have been confirmed at the University of Maryland, College Park, where a freshman died of complications from the virus last month. The director of the university’s health center said Friday there were 22 confirmed …

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