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News

Insurance Journal delivers the latest business news for the Property/Casualty insurance industry
  1. Warren Buffett’s Berkshire Hathaway Inc. is in advanced discussions to sell its Applied Underwriters workers compensation unit to a consortium of insurance firms, people familiar with the matter said on Friday. The deal would be a rare divestment by Buffett, …
  2. Booming energy production has brought jobs and economic gains to communities throughout Texas, but also an unintended consequence with a rise in traffic fatalities and injuries, the Texas Department of Transportation (TxDOT) reports. In 2017, more than 194,000 crashes — …
  3. Authorities are telling residents in one part of Louisiana to check sheds, patios and self-storage units to see whether anything’s missing, even a kitchen sink. They’re also telling self-storage business owners to check for signs of tampering, and for locked …
  4. An Arkansas panel has adopted a plan to allow restricted use of an herbicide banned in the wake of complaints that it drifted onto crops and caused damage. The Arkansas Plant Board voted after a 91/2-hour public hearing on Feb. …
  5. A suburban Chicago plant that sterilizes medical instruments with a chemical believed to be cancer causing has been shut by the Illinois Environmental Protection Agency. The state EPA issued a seal order for Sterigenics U.S. in Willowbrook. The agency said …
  6. Nationwide Insurance has more than doubled the number of Des Moines job cuts it announced last fall. Nationwide said in November that about 80 workers in Des Moines would lose their jobs as part of a company effort to eliminate …
  7. Proposed legislation in North Dakota that would establish invisible reinsurance pool for the individual health insurance market, unanimously passed the North Dakota House of Representatives, the state insurance department announced. HB 1106 was developed and proposed by the North Dakota …
  8. A California lawmaker says clergy should be required to report suspected child abuse and neglect even if they learn of it during confession. Democratic Sen. Jerry Hill said the bill he introduced Wednesday is “about the safety and protection of …