Monthly Archives: <span>February 2023</span>

California Wildfire Innovation Fund Getting $25M Boost

A California fund to encourage wildfire innovation and lower the severity and frequency of catastrophic wildfire is getting a $25 million boost. Walnut Creek, Calif.-based CSAA Insurance Group made a $25 million commitment to the California Wildfire Innovation Fund, a …

Madison Square Garden Loses Appeal of Covid-19 Insurance Claim Dismissal

A New York appeals court last week upheld the dismissal of Madison Square Garden’s Covid-19 business interruption claim against Factory Mutual Insurance Co. The court agreed with a New York County court’s dismissal in January, 2002 after it found that …

3 Massachusetts Firms to Pay $325K Over Asbestos Work at State University

A Waltham-based construction contractor, Devens-based plumbing contractor, and Woburn-based demolition company will pay up to $325,000 in civil penalties to settle allegations of illegal asbestos work during a renovation project at Fitchburg State University (FSU) in the spring and summer …

When ‘Preparing for Work’ Falls Under Virginia Workers’ Compensation

An employee who was injured while scraping ice off his company-owned truck parked at his home is entitled to workers’ compensation benefits, the Virginia Workers Compensation Commission has ruled, reversing a deputy commissioner’s denial of benefits. “We find that the …

Hopeful Cannabis Sales Data an Encouraging Sign for Insurance Specialists

News has been rife with dreary tidings for the cannabis industry over the past year, but a surprisingly encouraging outlook has emerged among the persistent din of downward harbingers like a flower glut, investment funding shrinkage, and layoffs. Industry sales …

XPT Specialty Acquires Texas’ Craig & Leicht

XPT Specialty announced the acquisition of Texas-based wholesale agency Craig & Leicht. Founded by Amy Leicht-Craig and former TSLA president Matt Leicht, CIC, CPCU, ASLI, Craig & Leicht has earned a strong reputation for their multi-faceted experience in a wide …

People Moves: WTW Adds 2 Surety Experts in Northeast; Jones Heads Arbella Foundation

WTW Adds 2 Surety Experts in Northeast Broker WTW, headquartered in London, has made two leadership appointments to its North American Corporate Risk & Broking (CRB) surety business in the U.S. Tom Rhatigan has been appointed Northeast senior director and …

Arkansas Challenges EPA’s Blocking of State Ozone Plan

LITTLE ROCK, Ark. (AP) – Arkansas filed a lawsuit Thursday challenging the Environmental Protection Agency’s decision to reject its plan to comply with federal rules that are supposed to assure that the state’s coal-fired power plants and industrial sites don’t …

Two More La. Residents Sentenced in Staged Auto Collision Scheme

U.S. District Judge Sarah S. Vance sentenced New Orleans residents Herbert Allen,age 38, and Dion Ridley, age 23, after they pleaded guilty to Conspiracy to Commit Mail Fraud in violation of Title 18, United States Code, Section 371. Judge Vance …

Five Things Independent Insurance Producers Expect from Their Agency

This post is part of a series sponsored by AgentSync. The producer market is getting skinny with retirees exiting businesses and not enough interest from new generations. Agencies that can deliver on both the historical benefits of an agency contract …