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News – Insurance Journal

Washington Packing House to Pay $525K in Sexual Harassment Settlement
A Grant County, Wash. vegetable-packing house will pay $525,000 to settle a lawsuit alleging a supervisor groped, propositioned and retaliated against female workers. The Seattle Times reports State Attorney General Bob Ferguson says the settlement announced with Quincy-based Horning Brothers …

POSTED OCTOBER 23, 2018 3:01 PM
Farmers in Hawaii Lost $28M Because of Volcano
A survey of Big Island farmers has found that they suffered nearly $28 million in damages because of the months-long eruption earlier this year of the Kilauea volcano, the Hawaii Tribune Herald reported. The survey of 46 farmers by University …

POSTED OCTOBER 23, 2018 2:59 PM
Delaware Workers’ Comp Insurance Rates Decrease for Second Year in a Row
Workers’ compensation insurance rates will decrease for the second year in a row in Delaware, effective December 1, 2018. “I am delighted to approve yet another decrease in workers’ compensation rates in Delaware and even happier to see a double-digit …

POSTED OCTOBER 23, 2018 2:02 PM
Wells Fargo Will Pay $65M Penalty to New York Over Cross-Selling Practices
Wells Fargo & Co. will pay a $65 million penalty to New York state related to its cross-selling practices. The bank failed to disclose to investors that the success of its cross-selling – the pitching of additional financial products to …

POSTED OCTOBER 23, 2018 1:59 PM
Head of Crumbling Foundations Fund in Connecticut Says $1B Needed
The superintendent of a new captive insurance company charged with distributing millions of dollars to Connecticut homeowners with crumbling foundations is warning he doesn’t have nearly enough money to address the problem. Michael Maglaras said he hopes to secure funding …

POSTED OCTOBER 23, 2018 1:52 PM
CoreLogic to Buy Toronto-Based Claims Workflow Firm Symbility Solutions
CoreLogic, the Irvine, Calif.-based property data and analytics firm, has agreed to acquire the outstanding shares of Symbililty Solutions Inc. not already owned by CoreLogic. CoreLogic currently holds approximately a 28 percent ownership interest in Symbility. Symbility, which is headquartered …

POSTED OCTOBER 23, 2018 1:16 PM
Disaster Relief Approved for Pennsylvania Areas Affected by August Storm
Businesses and homeowners in Lancaster, York and surrounding Pennsylvania counties affected by flooding in August will be eligible for low-interest federal loans. Pennsylvania Governor Tom Wolf said Friday those areas have been approved for disaster relief to repair damage caused …

POSTED OCTOBER 23, 2018 1:14 PM
Shareholders of Singapore Reinsurer ACR Capital Eyeing Sale: Sources
ACR Capital Holdings Pte shareholders are considering reviving a sale of the Singapore reinsurer, less than a year after a deal with Chinese buyers fell apart, people familiar with the matter said. The company’s owners, which include Temasek Holdings Pte …

POSTED OCTOBER 23, 2018 12:47 PM
U.S. Hog Farmers on Alert Over African Swine Fever Disease
U.S. hog farmers are ramping up safety procedures and leaving animal-feed ingredients imported from China in storage in an attempt to keep out a highly contagious swine disease that is sweeping through Asia and Europe. U.S. government officials said in …

POSTED OCTOBER 23, 2018 12:28 PM
Dangerous Hurricane Willa Heads to Pacific Coast of Mexico
Hurricane Willa, an extremely dangerous a Category 4 storm, weakened slightly as it veered toward popular tourist resorts on Mexico’s Pacific coast on Monday, prompting government warnings for people to leave high-risk areas and take cover. Mexican authorities urged residents …

POSTED OCTOBER 23, 2018 12:22 PM

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