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

Q1 Net Income Up 21% at The Hartford but Personal Lines Unprofitable

The Hartford Financial Services reported first quarter 2023 net income of $535 million, nearly a 21% increase over $443 million a year ago. In the company’s property/casualty segments, results were carried by net income of $421 million in commercial lines …

What Are the Green Guides and Can They Stamp Out ‘Greenwashing’?

The U.S. Federal Trade Commission (FTC) will weigh major changes for the first time in a decade to its Green Guides, a set of standards for companies making environmental claims, as it sifts through thousands of comments it received on …

Rising Oil Prices Complicate Russian Price Cap Checks for Insurers

Key figures in the insurance industry said rising Russian oil prices are making it harder for them to know if they can lawfully cover Russian cargoes. Since December, buyers of Russian crude oil have only been allowed to access financial …

Extreme Weather Is Nearly Universal Experience: Poll

An overwhelming majority of people in the U.S. say they have recently experienced an extreme weather event, a new poll shows, and most of them attribute that to climate change. But even as people across the country joined last Saturday …

Florida Insureds Can’t Force Interest on Late Claims Payments, Courts Say

Two back-to-back federal court decisions may have dealt a lethal blow to recent proposed class actions that sought interest on property insurers’ late claims payments. But the rulings have left some insureds and their attorneys feeling that they’re seeing another …

Los Angeles Paying $38M to Settle Suit Over Power Line Deaths

Los Angeles will pay $38 million to settle a lawsuit over the death of two people who were electrocuted by a power line that fell into their backyard. The Department of Water and Power’s Board of Commissioners last month agreed …

Maine Is Latest State to Make To-Go Cocktails Permanent

Maine’s pandemic rule allowing to-go cocktails is going to be sticking around. Democratic Gov. Janet Mills has signed into law a bill to make booze- to-go from restaurants and bars permanent, joining more then a dozen states that allow carry-out …

People Moves: Crest in Arizona Names Henderson Director of Risk Services

Crest Insurance Group named Chester Henderson director of risk services. Henderson served in the U.S. Navy and was a Navy Seal. While in the Navy, he held numerous leadership positions, including leading the execution of risk management teams. Tucson, Arizona-based …

Family of Crash Victim Settles With Basketball Coach, Syracuse University

The family of a man who was fatally struck by a vehicle driven by former Syracuse University basketball coach Jim Boeheim in 2019 has agreed to settle a lawsuit against Boeheim and the university, according to court documents. Boeheim and …

Virginia School: Workers’ Comp Bars $40M Suit by Teacher Shot by 6-Year Old

The Newport News public school board says the $40 million lawsuit filed against it by the teacher who was shot by a six-year old is barred by the state’s workers’ compensation law that is the exclusive remedy for workplace injuries. …