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News – Insurance Journal
GEICO Loses Appeal that Sought Coverage From Another Insurer for Lamborghini Crash
In a dispute between two insurers, a federal appellate court ruled that GEICO is solely liable for the cost of replacing a Lamborghini worth more than $100,000 that was totaled in a collision with another vehicle. A panel of the …
POSTED JANUARY 28, 2021 11:00 AM |
Texas Surplus Line Insurance Premium Neared $8B in 2020
Texas recorded nearly $8 billion in surplus lines premium in 2020. The Surplus Lines Stamping Office of Texas (SLTX) reported that surplus line premium in the state increased to $7.92 billion in 2020, up 14% from $6.95 billion recorded in …
POSTED JANUARY 28, 2021 7:44 AM |
Judge Rules Former CBS Shareholders Can Sue Over ViacomCBS Merger
A Delaware judge on Wednesday said former CBS shareholders may pursue a lawsuit accusing Shari Redstone, the daughter of late media magnate Sumner Redstone, of pressuring the company into entering an unfair merger that created ViacomCBS Inc. Vice Chancellor Joseph …
POSTED JANUARY 28, 2021 6:00 AM |
Hogeboom Looks Back on 46 Years Helping Shape California Insurance Landscape
Robert W. Hogeboom has quietly been in the background of making and forming insurance laws and regulations for decades – and he’s seen a lot change in California’s insurance landscape in all of that time. During his 46-year-long legal career, …
POSTED JANUARY 28, 2021 6:00 AM |
Topa Insurance in California Names Kim Controller
Calabasas, Calif.-based Topa Insurance Co. has promoted Jamie Kim to controller and vice president of accounting. Kim will be responsible for representing the company and the finance department on strategic projects, reinsurance reporting, and leading the accounts payable, accounting and …
POSTED JANUARY 28, 2021 6:00 AM |
Before Starting an Independent Agency, There Are Many Questions to Weigh
In the most recent Closing Quote in Insurance Journal, I wrote about why I believe this is the best time in history for entrepreneurial agents to create a new independent insurance agency. My reasons include lower costs, the increased need …
POSTED JANUARY 28, 2021 6:00 AM |
Louisiana Governor Seeking $3B in Hurricane Aid From White House
Louisiana Gov. John Bel Edwards is asking President Joe Biden for $3 billion to help Louisiana with its ongoing recovery from the 2020 hurricanes, saying that he’s filed a request with the new White House similar to the unfulfilled ask …
POSTED JANUARY 28, 2021 1:38 AM |
Highway Safety Advocates Urge Nebraska to Tighten Slack Seat Belt Law
Highway safety advocates are urging Nebraska lawmakers to tighten state seat belt requirements that are among the loosest in the nation. Nebraska is one of nine states that only require seat belts for front-seat passengers, according to the National Conference …
POSTED JANUARY 28, 2021 1:33 AM |
Arkansas Judge Dismisses Bars’ Virus Curfew Challenge
An Arkansas judge has dismissed a lawsuit challenging the early closing time for bars and some restaurants that was temporarily imposed because of the coronavirus pandemic. The lawsuit argued Gov. Asa Hutchinson and state officials did not have authority to …
POSTED JANUARY 28, 2021 1:27 AM |
Airlines Seek WHO Approval of Quarantine-Free Travel After Vaccines
The airline industry has called on the World Health Organization to rule it’s safe for people to fly without quarantining once they’ve had a coronavirus vaccine. Acknowledgement of that principle from the United Nations agency is vital to the development …
POSTED JANUARY 28, 2021 12:20 AM |
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