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News – Insurance Journal

ProSight Specialty Launches All-lines Marine Contractors Insurance Program
ProSight Specialty Insurance has launched its Longshore+ Marine Contractors program, with the goal of unifying all lines of marine insurance under a single carrier. The package offering provides the following coverages: Marine General Liability Workers Compensation and USL&H Contractor’s Equipment …

POSTED JULY 26, 2017 4:56 PM
Chubb Net Income Up 79% in Q2; P/C Combined Ratio at 88
Chubb Limited reported net income for the second quarter ended June 30 of $1,305 million compared with $726 million for the same quarter last year‚ a 79 percent increase. Operating income was $1,180 million compared with $1,058 million for the …

POSTED JULY 26, 2017 4:53 PM
Louisiana Continues to See Gains in Employment
The Louisiana Workforce Commission reports that the state’s unemployment rate is at a three-year low. In a July 21 announcement, the LWC said seasonally adjusted data released by the Bureau of Labor and Statistics (BLS) shows that total nonfarm jobs …

POSTED JULY 26, 2017 4:19 PM
Bass Pro to Pay $10.5M to Settle Hiring Discrimination, Retaliation Suit
Federal employment officials say Springfield, Mo.-based Bass Pro Outdoor World LLC, a national retailer of fishing, camping, and hunting equipment and apparel, has agreed to pay $10.5 million to settle a hiring discrimination and retaliation lawsuit The U.S. Equal Employment …

POSTED JULY 26, 2017 4:11 PM
Chicago Jury Awards $150M in Punitive Damages in Testosterone Lawsuit
Federal jurors in Chicago say the pharmaceutical company AbbVie should pay $150 million to an Oregon man for misrepresenting the risks of a low testosterone treatment. The Chicago Tribune reports that the jury arrived at the figure for punitive damages …

POSTED JULY 26, 2017 4:10 PM
Houston Company to Pay $145K to Settle Indiana Disability Discrimination Case
Chemtrusion Inc., a Houston-based manufacturing services company, will pay $145,000 and provide other relief to settle a disability discrimination lawsuit filed by the U.S. Equal Employment Opportunity Commission (EEOC) and concerning the company’s plant in Jeffersonville, Ind. According to the …

POSTED JULY 26, 2017 4:08 PM
Court Rules for NBC in Defamation Suit by Oregon Sporting Goods Company
A federal appeals court has ruled that NBC News did not defame an Oregon sporting goods company by characterizing its exploding rifle targets as “bombs” in a report on the “Today” show. The 2nd U.S. Circuit Court of Appeals in …

POSTED JULY 26, 2017 3:04 PM
Chevron Spending $20M in to Protect Workers in Wake of California Fire
Chevron Corp. and state regulators have reached a settlement related to a 2012 fire at its Richmond refinery that will require the company to spend about $20 million on safety improvements, officials announced this week. The agreement requires Chevron to …

POSTED JULY 26, 2017 3:00 PM
Markel to Acquire State National for $919 Million
Markel Corp. will acquire Texas-based State National Companies Inc. for $919 million, a deal that the Virginia-based insurer and reinsurer said will help diversify its underwriting and revenue streams. Both companies’ board of directors voted unanimously to approve the deal, …

POSTED JULY 26, 2017 2:43 PM
Woman Who Stole $3M from Employer’s New Jersey Facility Sentenced
A Tennessee woman accused of stealing $3 million from a trucking company’s New Jersey facility has been sentenced. Fifty-five-year-old Tracey Perrigan, of Sparta, was sentenced to 33 months in prison Monday. Perrigan had previously pleaded guilty to wire fraud. Prosecutors …

POSTED JULY 26, 2017 1:16 PM

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