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News – Insurance Journal
Texas Mutual, VFIS of Texas Award $500K to Emergency Service Groups
Texas Mutual Insurance Co. and Volunteer Firemen’s Insurance Services of Texas are awarding $500,000 to nonprofit emergency service organizations across Texas through two separate grant programs. $200,000 will be designated for a financial relief grant program to help provide funding …
POSTED AUGUST 04, 2020 5:26 PM |
Lawsuit Seeks $150M in Refunds from ComEd in Chicago
A class-action lawsuit seeks $150 million in refunds from ComEd for customer rate increases and other benefits the utility received from Illinois as part of an alleged bribery scheme. The lawsuit was filed this week in Cook County by three …
POSTED AUGUST 04, 2020 5:20 PM |
Bar Shutdown Order Extended for West Virginia County
West Virginia Gov. Jim Justice has extended an order that closed all bars in Monongalia County for an additional 10 days due to the coronavirus pandemic. The latest order is effective until Aug. 13. The county includes West Virginia University’s …
POSTED AUGUST 04, 2020 4:53 PM |
Tropical Storm Isaias Spawns Tornadoes, Leaves Thousands Without Power in Carolinas
After bringing heavy rain and flooding to Florida over the weekend, Tropical Storm Isaias began its attacking up the Southeast coast Monday, killing at least one person after a tornado it spawned obliterated a mobile home park in North Carolina. …
POSTED AUGUST 04, 2020 4:50 PM |
698 Louisiana Businesses Cited for Violating COVID-19 Rules
Nearly 700 restaurants, bars and businesses in Louisiana were cited in July for violating the governor’s coronavirus restrictions, according to records from the State Fire Marshal’s Office. The businesses failed inspections for violations such as lack of face mask-wearing, tables …
POSTED AUGUST 04, 2020 2:34 PM |
Louisiana Contractor Disputes Pay After Demolishing Wrong House
A Louisiana contractor has been in a tussle with city officials regarding payments for a demolition project after he accidentally tore down the wrong house. “There was a big mix-up with the addresses and the information given to me and …
POSTED AUGUST 04, 2020 2:32 PM |
CNA Financial Reports Second Quarter Profit of $151M
CNA Financial Corp. on Monday reported second-quarter profit of $151 million. On a per-share basis, the Chicago-based company said it had net income of 55 cents. Earnings, adjusted for investment gains, were 36 cents per share. The insurance holding company …
POSTED AUGUST 04, 2020 2:26 PM |
Mercury General in California Reports 2Q Earnings of $228M
Mercury General Corp. on Monday reported second-quarter earnings of $228.2 million. The Los Angeles-based company said it had net income of $4.12 per share. Earnings, adjusted for investment gains, were $1.86 per share. The auto insurance company posted revenue of …
POSTED AUGUST 04, 2020 2:24 PM |
One80 Intermediaries Acquires National Underwriting Services in Texas
One80 Intermediaries has acquired National Underwriting Services Inc. in San Antonio, Texas. Terms of the deal were not disclosed. National Underwriting Services is a specialty underwriter of medical stop loss coverage for self-funded employers across the U.S. One80 is a …
POSTED AUGUST 04, 2020 2:19 PM |
Officials: Vehicle Malfunction Sparked Southern California Wildfire
A wildfire in mountains east of Los Angeles that has forced thousands of people from their homes was sparked by a malfunctioning diesel vehicle, fire officials said Monday. The vehicle spewed burning carbon from its exhaust system, igniting several fires …
POSTED AUGUST 04, 2020 2:14 PM |
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