Features

Texas Judge Awards Nearly $2M for FBI Agent’s Fatal Shooting

A federal judge has awarded nearly $2 million in damages as part of a civil lawsuit after concluding an FBI agent was negligent when he fatally shot a kidnapped Texas man during a botched rescue attempt in 2018. The family …

Today’s Commercial Property Market in ‘Better Place’ Brokers Assess 4 Current Trends: Vacancies, Alternatives, Valuations, Wildfires

Commercial property insurance rates continue to fall for most accounts after most property insurers saw profitable books in 2024. That’s good news for insureds, commercial property brokers say, as clients begin to see rate reductions at renewals for most non-cat-exposed …

CSB Releases Update Into Fatal Texas Hydrogen Sulfide Release

The U.S. Chemical Safety and Hazard Investigation Board (CSB) released an update on its ongoing investigation into the fatal hydrogen sulfide release that occurred on October 10, 2024, at the PEMEX Deer Park Refinery in Deer Park, Texas. Two contract …

An Insurance Journalist’s Perspective on Southern California’a Wildfires

PART ONE OF A TWO-PART SERIES It was pitch black in the house and the power was off. The Santa Ana winds were howling. As planned, my wife, Jenny, gathered our two dogs and cat and scurried them into her …

Four Charged in Death of Michigan Boy in Oxygen Chamber Explosion

Four people have been charged in the death of a 5-year-old boy who was “incinerated” inside a pressurized oxygen chamber that exploded at a suburban Detroit medical facility, Michigan’s attorney general announced. Thomas Cooper from Royal Oak, Michigan, was pronounced …

Why Telematics Alone Won’t Lower Distracted Driving Risks

For many years, agents and brokers have advised clients about the benefits of telematics in reducing commercial auto risks. So, why haven’t market conditions improved, and why is distracted driving still so prevalent? The answer comes down to follow-through. Telematics …

Nearly a Quarter of Homes in New Mexico Uninsured, Report Shows

New Mexico has the highest rate of uninsured homes in a report that also shows nearly one-in-seven U.S. homes are uninsured, and 11.3 million out of 82.9 million owner-occupied homes (13.6%) are uninsured. A report from LendingTree that used Federal …

US Property/Catastrophe Reinsurance Rates Likely to Stabilize During Midyear Renewals

Reinsurance renewal rates continued dropping during January renewals, but U.S. property/catastrophe reinsurance pricing is likely to stabilize during the coming midyear renewals, according to a report from Moody’s Ratings. “The upcoming midyear 2025 reinsurance renewals, which focus on the U.S., …

California Cites Contractor $157K Following Fatal Trench Accident

A construction company was fined $157,500 by California for multiple violations of workplace safety regulations following a fatal trench collapse. W.A. Rasic Construction was fined by the California Division of Occupational Safety and Health incident over the death of an …

Maryland Could Have Reduced Risk of Key Bridge Collapse: NTSB

The National Transportation Safety Board (NTSB) is harshly criticizing Maryland officials for failing to conduct a risk assessment of the Francis Scott Key Bridge before it collapsed a year ago and is recommending that 30 owners of 68 bridges across …

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