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News – Insurance Journal

Lyft Will Beef Up Background Checks Following California Driver Arrest
Ridesharing company Lyft said Wednesday that it’s beefing up its background checks after a driver arrested for rape was found to be in the United States illegally. The company’s “enhanced detection processes” will apply to new applicants and existing drivers, …

POSTED JULY 20, 2018 2:28 PM
Insurance Salesman Sentenced for Stealing Man’s Inheritance in New Jersey
An insurance salesman convicted of stealing a client’s inheritance is now headed to prison. Federal prosecutors say Patrick McCullagh received a three-year sentence Wednesday. The 70-year-old Georgetown, Kentucky, man must also pay $98,067 in restitution. Prosecutors say McCullagh defrauded the …

POSTED JULY 20, 2018 1:10 PM
12 Sickened By Carbon Monoxide at Maryland Work Site
Officials in Maryland say 12 construction workers were taken to a hospital after they were sickened by carbon monoxide at a work site. Anne Arundel County Fire Department officials say firefighters were called to the Navy Federal Credit Union in …

POSTED JULY 20, 2018 1:05 PM
Core Assurance Partners Acquires Virginia’s E.L. Creech & Co.
Core Assurance Partners, a financial services company headquartered in Hampton Roads, Va., has acquired E. L. Creech & Co. Inc., a fourth-generation, family-owned property and casualty firm based in Virginia Beach, Va., where it will maintain its offices. Terms of …

POSTED JULY 20, 2018 1:00 PM
New York’s Global Warming Suit Against Oil Companies Tossed
A U.S. judge threw out New York’s lawsuit seeking to hold five of the world’s biggest oil companies financially responsible for contributing to climate change. U.S. District Judge John Keenan dismissed the city’s claims against Exxon Mobil Corp., Chevron Corp., …

POSTED JULY 20, 2018 12:50 PM
Thieves Steal $10 Million of Cobalt from Vollers Group Rotterdam Warehouse
It’s not just hedge funds that have noticed the cobalt boom — thieves have too. About 112 metric tons of cobalt was stolen from a warehouse in Rotterdam run by Vollers Group Gmbh earlier this month, according to a statement …

POSTED JULY 20, 2018 11:59 AM
U.S. Energy Regulator Pushes for Disclosure of Cyber Attacks on Electric Grid
The U.S. government on Thursday asked power generators to disclose more information about cyber attacks amid growing concern that foreign hackers could disrupt the electric grid. The Federal Energy Regulatory Commission (FERC), an energy industry regulator, called for the power …

POSTED JULY 20, 2018 10:54 AM
Climate Change Is Beginning to Shift Planet’s Seasons: Scientists
Pouring through four decades of satellite data, climate scientists have concluded for the first time that humans are pushing seasonal temperatures out of balance—shifting what one researcher called the very “march of the seasons themselves.” Ever-mindful of calculable uncertainty and …

POSTED JULY 20, 2018 10:37 AM
Markel Licensed to Form Insurer in Germany, Securing Post-Brexit EU Access
Markel Corp. announced it has been granted a license by the German federal financial supervisory authority, BaFin, to establish an insurance company in Germany. Following Brexit, the United Kingdom’s exit from the European Union, Markel Insurance SE (MISE) will be …

POSTED JULY 20, 2018 10:11 AM
Strategic Blockchain: Xceedance and ChainThat Gain Critical Mass
Xceedance decided to jump on the blockchain bandwagon late last year – but rather than building its own platform, it invested in ChainThat, a specialist provider of blockchain solutions for the insurance and reinsurance industry. ChainThat made a similar move …

POSTED JULY 20, 2018 9:59 AM

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