Louisiana Citizens Ends Assessment on Property Policies Ahead of Schedule
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Description: The Louisiana Citizens Property Insurance Corporation (Louisiana Citizens) Board of Directors voted last week to end the 1.36% assessment it makes on all residential and commercial property insurance policies in the state in April of this year. The assessment, which …
Full content: The Louisiana Citizens Property Insurance Corporation (Louisiana Citizens) Board of Directors voted last week to end the 1.36% assessment it makes on all residential and commercial property insurance policies in the state in April of this year. The assessment, which …
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Category: Texas / South Central News
Date: Fri, 17 Jan 2025 17:39:05 +0000
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Wisconsin’s Rural Mutual and Badger Mutual Finalize Affiliation Agreement
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Description: Rural Mutual Insurance Company and Badger Mutual Insurance Company, with a combined 227 years of providing farm, commercial, and personal policies, have finalized their affiliation agreement based on regulatory approval from the Wisconsin Office of the Commissioner of Insurance (OCI) …
Full content: Rural Mutual Insurance Company and Badger Mutual Insurance Company, with a combined 227 years of providing farm, commercial, and personal policies, have finalized their affiliation agreement based on regulatory approval from the Wisconsin Office of the Commissioner of Insurance (OCI) …
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Category: Midwest News
Date: Fri, 17 Jan 2025 17:24:54 +0000
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Cleveland City Files Lawsuit to Prevent Browns’ Move to Suburban Dome
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Description: Cleveland’s fight to keep the Browns from moving from downtown and into a proposed dome in the suburbs has taken yet another legal turn. The city has filed a lawsuit to stop the NFL team from leaving Cleveland’s lakefront when …
Full content: Cleveland’s fight to keep the Browns from moving from downtown and into a proposed dome in the suburbs has taken yet another legal turn. The city has filed a lawsuit to stop the NFL team from leaving Cleveland’s lakefront when …
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Category: Midwest News
Date: Fri, 17 Jan 2025 17:21:29 +0000
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Deere & Co. Accused of Forcing Farmers to Use Authorized Dealers for Equipment Repair
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Description: Deere & Co. unfairly forces farmers to visit authorized dealers to repair their equipment, resulting in higher prices than if they could fix it themselves or get help from independent shops, the Federal Trade Commission claims in a federal lawsuit …
Full content: Deere & Co. unfairly forces farmers to visit authorized dealers to repair their equipment, resulting in higher prices than if they could fix it themselves or get help from independent shops, the Federal Trade Commission claims in a federal lawsuit …
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Category: Midwest News
Date: Fri, 17 Jan 2025 17:16:13 +0000
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CFPB Finds Properties May be Underinsured in Non-Coastal Flood Zones
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Description: Homeowners with mortgages who are at risk of flooding from rivers and creeks are more likely to be underinsured for floods than coastal residents, according to a new report from the Consumer Financial Protection Bureau. Using a sample of mortgage …
Full content: Homeowners with mortgages who are at risk of flooding from rivers and creeks are more likely to be underinsured for floods than coastal residents, according to a new report from the Consumer Financial Protection Bureau. Using a sample of mortgage …
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Category: Southeast News
Date: Fri, 17 Jan 2025 17:05:03 +0000
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Texan Insurance Acquires J&M
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Description: Texan Insurance, full-service insurance agency, announce its acquisition of Austin, Texas-based J&M Insurance, a trusted provider of personal and commercial insurance solutions for nearly two decades. Founded in 2005 by Todd Michalowski, J&M Insurance offers independent commercial, home and auto …
Full content: Texan Insurance, full-service insurance agency, announce its acquisition of Austin, Texas-based J&M Insurance, a trusted provider of personal and commercial insurance solutions for nearly two decades. Founded in 2005 by Todd Michalowski, J&M Insurance offers independent commercial, home and auto …
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Category: Texas / South Central News
Date: Fri, 17 Jan 2025 17:01:56 +0000
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General Motors Settles With FTC Over Sharing Driver Data
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Description: The US Federal Trade Commission has reached a settlement with General Motors Co. over claims the automaker deceived drivers by collecting their personal data and sharing it with third parties. As part of the settlement, GM will be banned for …
Full content: The US Federal Trade Commission has reached a settlement with General Motors Co. over claims the automaker deceived drivers by collecting their personal data and sharing it with third parties. As part of the settlement, GM will be banned for …
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Category: National News
Date: Fri, 17 Jan 2025 16:41:22 +0000
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P/C Market Profit Improvement Expected to Continue Through 2026: Triple-I, Milliman
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Description: The “gap is closing” between commercial lines and personal lines underwriting results as the insurance industry overall is expected to continue its run of premium growth and improved underwriting results over the next 2 years. According to a report from …
Full content: The “gap is closing” between commercial lines and personal lines underwriting results as the insurance industry overall is expected to continue its run of premium growth and improved underwriting results over the next 2 years. According to a report from …
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Category: National News
Date: Fri, 17 Jan 2025 16:35:22 +0000
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Los Angeles Pushes to Rebuild Homes Fast, Despite Wildfire Danger
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Description: California politicians are rushing to make it easier for residents to rebuild their homes incinerated in the Los Angeles firestorms. That means waiving green construction mandates designed to combat climate change — which is driving such conflagrations by making conditions …
Full content: California politicians are rushing to make it easier for residents to rebuild their homes incinerated in the Los Angeles firestorms. That means waiving green construction mandates designed to combat climate change — which is driving such conflagrations by making conditions …
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Category: West News
Date: Fri, 17 Jan 2025 16:31:47 +0000
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NC Court Says Mother Can Sue Trooper After Student Killed in Ride-Along
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Description: RALEIGH, N.C. (AP) — The mother of a North Carolina university student killed while on a ride-along in a Highway Patrol cruiser can continue suing for gross negligence the trooper who drove off the road during a high-speed chase, a …
Full content: RALEIGH, N.C. (AP) — The mother of a North Carolina university student killed while on a ride-along in a Highway Patrol cruiser can continue suing for gross negligence the trooper who drove off the road during a high-speed chase, a …
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Category: Southeast News
Date: Fri, 17 Jan 2025 15:20:30 +0000
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Trump’s Miami Resort Wins Approval for $3 Billion Condo Project
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Description: Donald Trump will leave Mar-a-Lago and head to Washington next week to be sworn in as president. On his way out of South Florida, his family business scored a long-sought local victory. In a 4-0 vote on Wednesday, the Doral …
Full content: Donald Trump will leave Mar-a-Lago and head to Washington next week to be sworn in as president. On his way out of South Florida, his family business scored a long-sought local victory. In a 4-0 vote on Wednesday, the Doral …
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Category: Southeast News
Date: Fri, 17 Jan 2025 15:16:58 +0000
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People Moves: Arch Insurance Int’l Promotes Senior Leaders in Casualty Team; Markel Taps Chubb’s Jordan as Casualty Claims Manager in Australia
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Description: This edition of International People Moves details appointments at Arch Insurance International and Markel. A summary of these new hires follows here. Arch Insurance Int’l Promotes Senior Leaders in Casualty Team Arch Insurance International announced three senior promotions within its …
Full content: This edition of International People Moves details appointments at Arch Insurance International and Markel. A summary of these new hires follows here. Arch Insurance Int’l Promotes Senior Leaders in Casualty Team Arch Insurance International announced three senior promotions within its …
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Category: International & Reinsurance News
Date: Fri, 17 Jan 2025 15:06:05 +0000
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Smoke, Coverage Issues Cloud Wildfire Forecast: $35-$45B Losses Insured
Author: Susanne Sclafane
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Description: CoreLogic announced a preliminary range of insured losses for the Eaton and Palisades Fires in Los Angeles of $35 billion to $45 billion, but there are a lot of factors that could change the numbers. “We don’t know,” Tom Larsen, …
Full content: CoreLogic announced a preliminary range of insured losses for the Eaton and Palisades Fires in Los Angeles of $35 billion to $45 billion, but there are a lot of factors that could change the numbers. “We don’t know,” Tom Larsen, …
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Category: National News
Date: Fri, 17 Jan 2025 14:17:22 +0000
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Seibels Bruce, One of the South’s Oldest Insurance Companies, Closes its Doors
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Description: Two decades after its subsidiaries were deemed insolvent and 155 years after it was founded, one of the oldest insurance companies in the South has officially gone out of business. Seibels Bruce & Company’s 128,000-square-foot office building in Columbia, South …
Full content: Two decades after its subsidiaries were deemed insolvent and 155 years after it was founded, one of the oldest insurance companies in the South has officially gone out of business. Seibels Bruce & Company’s 128,000-square-foot office building in Columbia, South …
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Category: Southeast News
Date: Fri, 17 Jan 2025 14:17:18 +0000
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Damaging Megadroughts Are Spreading Around the World
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Description: Severe drought conditions have helped fuel the Los Angeles wildfires. But a new study, released Thursday in the journal Nature comes with a warning: Climate change is making catastrophic, multiyear “megadroughts” much worse around the world. Droughts are relative — …
Full content: Severe drought conditions have helped fuel the Los Angeles wildfires. But a new study, released Thursday in the journal Nature comes with a warning: Climate change is making catastrophic, multiyear “megadroughts” much worse around the world. Droughts are relative — …
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Category: International & Reinsurance News
Date: Fri, 17 Jan 2025 13:36:42 +0000
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France Steps Up Checks After Foot-and-Mouth Outbreak in Germany
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Description: France has reinforced checks for foot-and-mouth disease (FMD) and issued alerts to veterinarians after an outbreak of the highly contagious virus was detected in cattle in Germany last week, prompting trade bans from several countries. France is trying to protect …
Full content: France has reinforced checks for foot-and-mouth disease (FMD) and issued alerts to veterinarians after an outbreak of the highly contagious virus was detected in cattle in Germany last week, prompting trade bans from several countries. France is trying to protect …
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Category: International & Reinsurance News
Date: Fri, 17 Jan 2025 13:13:10 +0000
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Broker Juniper Re Enters London With Industry Veteran Hawke at Helm
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Description: Juniper Re LLC, the specialist reinsurance broking arm of The Baldwin Group, announced its entry into the London market, appointing industry veteran Nick Hawke as head of office. With more than four decades of reinsurance experience in the London market, …
Full content: Juniper Re LLC, the specialist reinsurance broking arm of The Baldwin Group, announced its entry into the London market, appointing industry veteran Nick Hawke as head of office. With more than four decades of reinsurance experience in the London market, …
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Category: International & Reinsurance News
Date: Fri, 17 Jan 2025 13:04:24 +0000
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South Korea’s Crashed Jet Reveals Bird Feathers in Both Engines
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Description: South Korean investigators found feathers in both engines of the Boeing Co. 737-800 jet involved in a crash late last month, pointing to possible evidence that the aircraft may have lost electrical power before an ill-fated emergency landing that killed …
Full content: South Korean investigators found feathers in both engines of the Boeing Co. 737-800 jet involved in a crash late last month, pointing to possible evidence that the aircraft may have lost electrical power before an ill-fated emergency landing that killed …
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Category: International & Reinsurance News
Date: Fri, 17 Jan 2025 12:02:22 +0000
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Tanker Under US Sanctions Discharges Oil at Chinese Port: LSEG Data
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Description: A tanker subject to the new U.S. sanctions is discharging Russian oil at a port operated by Shandong Port Group in east China, shipping data on LSEG Eikon showed on Thursday. The tanker is the first since last week’s sanctions …
Full content: A tanker subject to the new U.S. sanctions is discharging Russian oil at a port operated by Shandong Port Group in east China, shipping data on LSEG Eikon showed on Thursday. The tanker is the first since last week’s sanctions …
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Category: International & Reinsurance News
Date: Fri, 17 Jan 2025 11:04:36 +0000
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Maritime Sources Expect Houthis to Halt Red Sea Attacks After Gaza Deal
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Description: Maritime security officials said on Thursday they were expecting Yemen’s Houthi militia to announce a halt in attacks on ships in the Red Sea, after a ceasefire deal in the war in Gaza between Israel and the militant group Hamas. …
Full content: Maritime security officials said on Thursday they were expecting Yemen’s Houthi militia to announce a halt in attacks on ships in the Red Sea, after a ceasefire deal in the war in Gaza between Israel and the militant group Hamas. …
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Category: International & Reinsurance News
Date: Fri, 17 Jan 2025 10:46:17 +0000
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Cyber Insurance Market to Expand as Risks Evolve: Gallagher
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Description: While 2024 brought record-breaking data-breach costs and evolving cyber risk, all signs point to stable rates and ample capacity in 2025. Intense competition among cyber insurance carriers has resulted in higher limits, enhanced cyber risk management services, flexibility in insurance …
Full content: While 2024 brought record-breaking data-breach costs and evolving cyber risk, all signs point to stable rates and ample capacity in 2025. Intense competition among cyber insurance carriers has resulted in higher limits, enhanced cyber risk management services, flexibility in insurance …
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Category: National News
Date: Fri, 17 Jan 2025 06:23:10 +0000
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Actuary Group Forecasts Climate Change to Have Massive GDP Hit Without Policy Action
Author: Don Jergler
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Description: Here’s stark warning in a new report from a group of actuaries: the global economy could face a 50% loss in GDP between 2070 and 2090. That is if immediate policy actions on risks posed by climate change are not …
Full content: Here’s stark warning in a new report from a group of actuaries: the global economy could face a 50% loss in GDP between 2070 and 2090. That is if immediate policy actions on risks posed by climate change are not …
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Category: National News
Date: Fri, 17 Jan 2025 06:15:27 +0000
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FBI Warned Agents It Believes Phone Logs Hacked Last Year
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Description: FBI leaders have warned that they believe hackers who broke into AT&T Inc.’s system last year stole months of their agents’ call and text logs, setting off a race within the bureau to protect the identities of confidential informants, a …
Full content: FBI leaders have warned that they believe hackers who broke into AT&T Inc.’s system last year stole months of their agents’ call and text logs, setting off a race within the bureau to protect the identities of confidential informants, a …
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Category: National News
Date: Fri, 17 Jan 2025 06:07:38 +0000
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One Call Names Mendez CEO, Alliant Adds VP Cassidy in Florida
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Description: One Call, a provider of ancillary care services for the workers’ compensation market, based in Jacksonville, named Nicholas Mendez as chief executive officer, starting Feb. 10. Mendez succeeds Jay Krueger, who will continue working with One Call through the end …
Full content: One Call, a provider of ancillary care services for the workers’ compensation market, based in Jacksonville, named Nicholas Mendez as chief executive officer, starting Feb. 10. Mendez succeeds Jay Krueger, who will continue working with One Call through the end …
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Category: Southeast News
Date: Fri, 17 Jan 2025 06:01:40 +0000
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King Risk Adds to SW Florida Presence with Bruce Hendry Agency
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Description: King Risk Partners, a major U.S. brokerage and insurance agency based in Gainesville, Florida, has acquired Bruce Hendry Insurance in Immokalee, Florida, southeast of Fort Myers. It is the latest expansion move for King Risk into southwest Florida, the firm …
Full content: King Risk Partners, a major U.S. brokerage and insurance agency based in Gainesville, Florida, has acquired Bruce Hendry Insurance in Immokalee, Florida, southeast of Fort Myers. It is the latest expansion move for King Risk into southwest Florida, the firm …
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Category: Southeast News
Date: Fri, 17 Jan 2025 06:01:14 +0000
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School Employee Kicked 25 Times in 11 Days Denied Workers Compensation
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Description: A Virginia student assistant who suffered injuries in both knees after being kicked 25 times over a period of 11 days is not entitled to workers’ compensation benefits. The Virginia Workers’ Compensation Commission (WCC) upheld a deputy commissioner’s denial of …
Full content: A Virginia student assistant who suffered injuries in both knees after being kicked 25 times over a period of 11 days is not entitled to workers’ compensation benefits. The Virginia Workers’ Compensation Commission (WCC) upheld a deputy commissioner’s denial of …
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Category: East News
Date: Fri, 17 Jan 2025 06:00:47 +0000
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Perdue Farms to Pay $4 Million For Letting Children Work Hazardous Jobs
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Description: Perdue Farms will pay $4 million in restitution after it employed children in hazardous occupations at a Virginia plant and let them work past 7 p.m. during the regular school week, the U.S. Department of Labor announced Wednesday. The hazardous …
Full content: Perdue Farms will pay $4 million in restitution after it employed children in hazardous occupations at a Virginia plant and let them work past 7 p.m. during the regular school week, the U.S. Department of Labor announced Wednesday. The hazardous …
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Category: East News
Date: Fri, 17 Jan 2025 06:00:36 +0000
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California Workers’ Comp Public Self-Insured Losses Rise Despite Claim Volume Decline
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Description: Increases in average medical payments and average indemnity payments drove public self-insureds’ total paid losses up last year even though the number of claims fell, a new report shows. The California Workers’ Compensation Institute reviewed the initial report on fiscal …
Full content: Increases in average medical payments and average indemnity payments drove public self-insureds’ total paid losses up last year even though the number of claims fell, a new report shows. The California Workers’ Compensation Institute reviewed the initial report on fiscal …
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Category: West News
Date: Fri, 17 Jan 2025 06:00:25 +0000
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Damages Upheld for Man Whose Ex-Girlfriend Shared Nude Photo Without Permission
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Description: A Massachusetts man who sued his ex-girlfriend over her sharing an unflattering nude photo of him and accessing his personal online accounts without permission has had his $10,280 court award upheld. In December 2023, a Bristol County trial judge entered …
Full content: A Massachusetts man who sued his ex-girlfriend over her sharing an unflattering nude photo of him and accessing his personal online accounts without permission has had his $10,280 court award upheld. In December 2023, a Bristol County trial judge entered …
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Category: East News
Date: Fri, 17 Jan 2025 06:00:14 +0000
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MGIS Extends Specialized Disability Insurance to Advanced Practice Clinicians
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Description: MGIS and Reliance Matrix are extending their disability insurance and specialty coverages to advanced practice clinicians. APCs, such as nurse practitioners and physician assistants, are professionals with advanced education and specialized experience, and are trained and capable of performing many …
Full content: MGIS and Reliance Matrix are extending their disability insurance and specialty coverages to advanced practice clinicians. APCs, such as nurse practitioners and physician assistants, are professionals with advanced education and specialized experience, and are trained and capable of performing many …
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Date: Fri, 17 Jan 2025 06:00:08 +0000
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