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China’s Ping An to Invest $100M a Year in Japan in Diversification Bid

Ping An Insurance (Group) Co. plans to invest $100 million a year in Japanese companies as it seeks to diversify its investments outside of China. China’s second-largest insurer will put money with private equity funds that invest in sectors including …

Great American Insurance Group Promotes Kornesczuk

Great American Insurance Group has promoted Jane Kornesczuk to divisional president of its Executive Liability Division. The division is based in Schaumburg, Ill. Kornesczuk joined Great American in 1990 as a senior underwriter. She was named chief underwriting officer of …

Kansas Amusement Ride Safety Bill in the Works

Members of a Kansas House committee are pushing to ramp up oversight of temporary and permanent amusement park rides after a lawmaker’s son was killed on a waterslide last year, but the bill that would allow it to happen could …

Oklahoma Senate OKs Impaired Driver Accountability Bill

The Oklahoma Senate has unanimously passed legislation to change how first-time driving under the influence (DUI) offenses are handled in Oklahoma. Senate Bill 643, also known as the Impaired Driver Elimination Act 2 (IDEA2), is strongly supported by Mothers Against …

Officials: Kansas Apartment Blaze Caused $23M to $25M in Damage

Officials in a Kansas City suburb where a fire destroyed a multimillion-dollar apartment building under construction and spread to about two dozen homes estimate the blaze caused between $23 million and $25 million in damage. The Kansas City Star reports …

Texas Bill Shielding Landowners from Rock Climbing Injury Lawsuits Advances

The Texas Senate has approved a bill protecting property owners statewide from liability for injuries incurred by people rock climbing on their land. The proposal by Republican Sen. Charles Perry of Lubbock now heads to the state House. It immunizes …

4 Million Driving Jobs at Risk from Autonomous Vehicles: Report

As many as four million truck, bus, delivery and taxi driving jobs could be lost if fully autonomous vehicle technology is adopted in a short period of time, according to a new report. With more than 30 companies—including automakers BMW, …

How Republicans Can Unravel Obamacare Without Repealing It

Republicans may have failed to overthrow Obamacare last week, but there are plenty of ways they can chip away at it. The Trump administration has already begun using its regulatory authority to water down less prominent aspects of the 2010 …

North Carolina Regulator Calls 13.8% Auto Rate Hike Unwarranted

The North Carolina Rate Bureau’s request for an auto rate hike of 13.8 percent is not justified based on the data submitted, according to a statement from the North Carolina Department of Insurance. The decision, made by Commissioner Mike Causey …

Alabama Supreme Court: Passenger Injured in Car Chase Can’t Sue City, Police

A woman who was hurt in a car crash that ended a police chase more than three years ago can’t sue the officers or the suburban Birmingham city where it occurred, the Alabama Supreme Court ruled Friday. The justices unanimously …

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