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Tech Update: Verisk Launches Next Generation Catastrophe Models

Verisk, the Jersey City, New Jersey-based data analytics and technology provider, has launched a suite of next generation catastrophe models. Verisk’s suite of 100+ Next Generation Models (NGM) is designed to help insurers and reinsurers evaluate risk across the globe, …

11 Injured When Bus Carrying Fraternity Members Blows a Tire in Mississippi

BAY ST. LOUIS, Miss. (AP) — Eleven people were injured when a bus carrying University of South Carolina students blew a tire and hit a concrete barrier in Mississippi. Mississippi state troopers said the driver and a student were critically …

Former Maryland Insurance Agent Pleads Guilty to Stealing $369K

A former Maryland title insurance agent recently pleaded guilty to carrying out a multi-year theft scheme netting her more than $369,000, according to the state attorney general. Cheryl Leigh Gray was a licensed insurance producer working as the operations manager …

Florida Panhandle Wildfire Destroys Home, Damages 15 Others

PENSACOLA, Fla. (AP) — A wildfire in the Florida Panhandle has destroyed a home and damaged at least 15 others. The Florida Forest Service said Friday that the blaze, which broke out Thursday near Pensacola, was now more than 60% …

Gunfight at South Florida Bar Leaves 2 Dead, 7 Injured

DORAL, Fla. (AP) — A gunfight at a suburban Miami bar left two people dead and seven injured early Saturday. Investigators said a fight between customers broke out around 3:30 a.m. at the Martini Bar in the CityPlace Doral development …

California Labor Commissioner Reaches $2M Settlement with Restaurant

The California Labor Commissioner’s Office reached a $2 million settlement against Pearl B-Star Inc., DBA Lin’s Fusion for underpaying 32 workers. Pearl B-Star violated state labor laws governing recordkeeping, payroll timekeeping and cash pay without wage statements, according to the …

Driver Injured, Dog Dies After Tractor-Trailer Hits Freight Train in Maine

A tractor-trailer in Maine crashed into a freight train, causing two cars to derail and injuring the truck’s driver and his dog, which had to be put down. The crash happened shortly before 1:30 p.m. Wednesday on Route 11 in …

Report: $2.1B Loss if Noneconomic Damage Caps Removed in Colorado

A report from the Colorado Chamber of Commerce and the American Property Casualty Insurance Association estimates a proposal to remove the noneconomic damage caps in Colorado would result in a $2.1 billion annual loss in state GDP and 15,500 jobs. …

PURE Expanding High Value Homeowners Coverage into Western States

PURE Specialty Exchange, the specialty surplus lines insurance carrier providing PURE members and high net worth families with services for their complex exposures, has expanded its high value homeowners coverage to six additional states. The expansion includes: Arizona, Colorado, Hawaii, …

Texas Chemical Plant to Pay $6.6M Over Injuries From 2019 Fire

Intercontinental Terminals Company LLC (ITC) has agreed to pay over $6.6 million to federal and state natural resource trustees to resolve claims for natural resource damages resulting from a 2019 fire at ITC’s Deer Park terminal facility near Houston that …