A container ship struck a major bridge in Baltimore early Tuesday, [March 26] causing it to plunge into the river below. From 1960 to 2015, there were 35 major bridge collapses worldwide due to ship or barge collision, with a …
Roughly a week after State Farm announced that it would nonrenew tens of thousands of homeowners and commercial apartment policies in California, AM Best has downgraded the company that offered those policies. Last week, State Farm cited its responsibility to …
After spiking premiums, nonrenewals and complaints about unpaid claims, more than 115,000 property owners in southwest Florida are now facing a new slap in the face after 2022’s Hurricane Ian: 25% higher flood insurance rates because local officials reportedly allowed …
The Oregon Occupational Safety and Health Division fined a Bend construction company $103,438 for repeatedly violating a requirement to provide protective systems to safeguard workers from fall hazards. The division cited Sky Ridge Construction LLC following an inspection that focused …
The Oregon Division of Financial Regulation reached a settlement agreement in principle with a cryptocurrency asset platform for violating state securities regulations. The group of affiliated companies known as Abra – Plutus Financial Holdings Inc., Plutus Financial Inc., Plutus Lending …
Contractors Professional & Pollution Liability Market Detail: Shield Commercial Insurance Services, in business since 2004, offers a full line of commercial and residential contractor insurance coverage. Minimum premium is $1,500 for contractors professional and pollution liability (CPPL) coverage. We have …
AM Best delivered 39 downward credit rating actions to U.S. personal lines insurers in 2023, more than twice the number registered for 2022, the rating agency reported in its official tally for the year. Additional downgrades of 15 commercial insurers …
To aid recovery efforts in San Diego County following the January storms, FEMA, the California Governor’s Office of Emergency Services and local partners continue to work together to bring relief to affected communities. In just three weeks since Gov. Gavin …
National CRC Group, headquartered in Birmingham, Alabama, hired Vince Colosimo as executive vice president in the company’s New York City downtown office. Colosimo will assume the role of office president in mid-2025, with current Office President Fred Curatolo taking on …
Robotaxis began cruising the streets of Los Angeles in mid-March when Google spinoff Waymo starts offering free rides to some of the roughly 50,000 people who have signed up for its driverless ride-hailing service. Waymo is expanding into Los Angeles, …
