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News Center

News – Insurance Journal

Georgia Claims Uber Owes State $22M in Sales Taxes, Other Charges
Uber could owe tens of millions of dollars to Georgia if the state is successful in a legal battle. The Georgia Department of Revenue has billed Uber $22.1 million for sales taxes and other charges that it maintains are owed …

POSTED DECEMBER 10, 2018 5:45 AM
Best Upgrades Credit Ratings of Florida-Based Bankers Insurance Co., Subsidiaries
AM Best has upgraded the Financial Strength Rating (FSR) to B++ (Good) from B+ (Good) and Long-Term Issuer Credit Rating (Long-Term ICR) to “bbb” from “bbb-” of Bankers Insurance Co., headquartered in St. Petersburg, Fla., and its property/casualty subsidiaries, Bankers …

POSTED DECEMBER 10, 2018 5:39 AM
AAU Adds Connally to Workers’ Comp Division in Florida
Allied American Underwriters (AAU), a division of USG Insurance Services, Inc., has hired Stan Connally as producer/broker for Workers Compensation in the Tampa, Fla., branch. Connally joins AAU with 36 years of experience in the insurance industry, specializing in workers …

POSTED DECEMBER 10, 2018 5:32 AM
South Carolina to Increase Hurricane Florence Aid Request to $435M
South Carolina’s congressional delegation will be able to ask for more funds to provide relief following Hurricane Florence, thanks to a move by the state’s governor. In a letter obtained Saturday by The Associated Press, Gov. Henry McMaster told U.S. …

POSTED DECEMBER 10, 2018 5:32 AM
Southeast Slammed by Winter Storm Diego
Winter Storm Diego struck the Southeastern region of the U.S. Saturday night, ravaging travel plans and wiping power from hundreds of thousands of homes. The snowstorm was expected to persist throughout Sunday, with flight cancellations extending into Monday. More than …

POSTED DECEMBER 10, 2018 4:27 AM
Markel CATCo Reports U.S., Bermuda Inquiries into Reserves
On Friday Dec .7, Markel Corp. said it was fully cooperating with inquiries by U.S. and Bermuda authorities into loss reserves recorded in late 2017 and early 2018 at Markel CATCo Investment Management Ltd., the company’s investment manager, and its …

POSTED DECEMBER 10, 2018 4:23 AM
Report: Return on Net Worth for California Workers’ Comp Insurers Rose
A new report shows the average return on net worth for California workers ‘ compensation insurers rose to 9.9 percent in 2017, the fourth consecutive increase. The report comes from the National Association of Commissioners and was summarized in an …

POSTED DECEMBER 07, 2018 6:36 PM
Haven Holdings Completes Acquisition of Wisconsin’s Time Insurance
San Juan, Puerto Rico-based Haven Holdings Inc. (Haven Holdings) has completed its acquisition of Wisconsin-based Time Insurance Co. from Interfinancial Inc., a wholly-owned subsidiary of Assurant Inc., the company announced. Immediately following the closing on Dec. 3, Time Insurance redomesticated …

POSTED DECEMBER 07, 2018 5:47 PM
Arkansas, Oklahoma Still Recovering From Last Week’s Tornadoes
Oklahoma and Arkansas continue recovery efforts following a series of tornadoes that ripped through the region last week. An EF2 tornado in Oklahoma’s Lake Tenkiller area destroyed homes, boat docks and buildings. State officials, local authorities and residents have been …

POSTED DECEMBER 07, 2018 5:39 PM
Missouri’s Gov. Parson Pushing for Prescription Monitoring Bill
The long-futile effort seeking a statewide prescription drug monitoring program in Missouri now has a prominent advocate — Gov. Mike Parson. The Republican governor met Wednesday with St. Louis Mayor Lyda Krewson, doctors and other health leaders to discuss ways …

POSTED DECEMBER 07, 2018 5:38 PM

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