Industry News

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January 28, 2020Insurers Say Proposed California Regs Could Axe Discounts for Millions
The American Property Casualty Insurance Association testified today in opposition to draft regulations they say could eliminate many affinity group insurance discount programs during a pre-notice workshop held by the California Department of Insuran …


January 28, 20202 Arrested in $20M Workers’ Comp Fraud And Kickback Scheme
A pair of California men have been charged with multiple felonies in a reported $20 million kickback scheme involving worker’s compensation. Bradley Dean Groscost, 59, of Westminster, and Felix Koltsov, 57, of Beverly Hills, self-surrendered last wee …


January 28, 2020Tsunami Threat to Miami Passes After Major Earthquake in Caribbean Shakes City
A powerful magnitude 7.7 earthquake struck in the sea in the western Caribbean on Tuesday, sending workers into the streets and triggering evacuations as buildings shook across the Cayman Islands, in Jamaica, and in downtown Miami. The epicenter of t …


January 28, 2020California Commissioner Spearheading National Cannabis Insurance Framework
California Insurance Commissioner Ricardo Lara is at the forefront of shaping how state insurance regulators all over the U.S. will deal with the legal cannabis market. Lara is not only the chief insurance regulator of the nation’s largest cannabis m …


January 28, 2020Oregon Coast Tornado Confirmed, Caused Minor Damage
A tornado caused some minor damage to homes in Manzanita, Ore., on Tuesday morning, the National Weather Service confirmed. The Oregonian/OregonLive reported that Tillamook County Emergency Manager Gordon McCraw said the county got reports a little a …


January 28, 2020Hawaii Looking for Ways to Combat Traffic-Related Deaths
Hawaii lawmakers have proposed initiatives to help reduce the number of traffic-related fatalities after transportation officials confirmed more than 100 deaths in the last year. Those initiatives include installing traffic cameras to capture drivers …


January 28, 2020Top Workplace Discrimination Claims
The Equal Employment Opportunity Commission (EEOC) has detailed breakdowns for the 72,675 charges of workplace discrimination the agency received in fiscal year 2019. The FY 2019 data show that retaliation continued to be the most frequently filed ch …


January 28, 2020Cause of Kobe Bryant Copter Crash Unclear; Flight Approval Under Review
The helicopter carrying retired basketball star Kobe Bryant and eight others had been cleared to operate in deteriorating weather but not the dense clouds into which it apparently flew shortly before crashing, according to investigators and flight da …


January 28, 2020Houston Mayor, Others Assisting Residents After Deadly Warehouse Blast
Houston’s mayor and others say they will work to provide assistance to residents whose homes were damaged after a massive explosion at a warehouse that killed two workers and injured 20 others. Mayor Sylvester Turner on Saturday walked through the … …


January 28, 2020Swiss Re Corporate Taps Ex-Allianz Exec Willauer as Head Property & Specialty, EMEA
Swiss Re Corporate Solutions has appointed Bianca Willauer as head Property & Specialty Lines, Europe, Middle East and Africa (EMEA), effective Feb. 1, 2020. In this role, Willauer will be responsible for the development and underwriting performa …

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