Karen Clark Puts Insured Losses from Debby at $1.4 Billion August 15, 2024 By Insurance Journal Staff Reports Hurricane Debby caused almost $1.4 billion in privately insured losses as it moved across the East Coast this month. That’s...
Can a Streaming Service Agreement Require Arbitration in a Food Allergy Death? August 15, 2024 By Insurance Journal Staff Reports Florida property insurers considering the expanded use of binding arbitration to settle claims disputes may want to ponder a recent...
Georgia Investment Manager Charged with Siphoning $6M from GEICO August 14, 2024 By Insurance Journal Staff Reports A Georgia grand jury has indicted an investment manager, charging that he diverted almost $6 million from GEICO Insurance for...
Federal Court Says Lindberg and Firms Must Pay $167M to Defunct Dutch Insurer August 12, 2024 By Insurance Journal Staff Reports Former insurance executive Greg Lindberg, now awaiting sentencing in a North Carolina bribery conviction, and his companies must pay almost...
Heritage Sees Improved Profits, Plans to Resume Writing in Florida, Other States August 8, 2024 By Insurance Journal Staff Reports Tampa-based Heritage Insurance, enjoying improved profits for the second quarter this year, said it plans to resume writing new policies...
Tyco, TIG Insurance Agree to Settle ‘Forever Chemicals’ Fire Foam Litigation July 29, 2024 By Insurance Journal Staff Reports Three months after Tyco Fire Products agreed to pay $750 million to communities with groundwater affected by so-called “forever chemicals”...
Penn National Can’t Avoid Asbestos Coverage Payout, SC Supreme Court Says July 26, 2024 By Insurance Journal Staff Reports Pennsylvania National Mutual Casualty Insurance Co. cannot escape the long tail of asbestos, and must cover part of the litigation...
FEMA Gives SW Florida a Few More Months on Flood Insurance Discounts July 23, 2024 By Insurance Journal Staff Reports Communities in southwest Florida will continue to enjoy discounts on National Flood Insurance, at least for now, after federal authorities...
Minnesota Workers’ Comp System Stable Despite COVID-19 Impact July 17, 2024 By Insurance Journal Staff Reports Workers’ compensation claim rates and benefits paid in Minnesota continue to be stable or follow their long-term downward trajectories, a...
Florida Tax Watch Calls for Renewed Tax Breaks for Home Hardening Efforts July 12, 2024 By Insurance Journal Staff Reports Florida Tax Watch, a nonprofit government watchdog in operation for 45 years, is urging state lawmakers to expand wind-mitigation tax...