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Colorado Asks for Major Disaster Declaration in Wake of Spring Floods

Colorado asked federal disaster managers for a major disaster declaration in the wake of severe weather and flooding this spring and early summer that impacted 11 counties. The Colorado Division of Homeland Security and Emergency Management submitted their request in …

$84.4M Farmers Insurance Settlement Approved by Texas Court

A Travis County, Texas, district court has granted preliminary approval of a settlement with Farmers Insurance Group that will return $84.4 million to policyholders stemming from a 2002 homeowners insurance rate case. The case stems from a 2002 lawsuit by …

Commercial Insurance Prices Remain Static for Fourth Month: MarketScout

Commercial insurance rates have barely budged at all over the last four months, according to the MarketScout report for June. Only the business interruption line saw rates go down in June from the previous month and those were only down …

Utah Agent Sentenced to Prison and $1.3M in Restitution

Utah insurance agent Brent Hilton was sentenced to serve one to 15 years in prison and has been taken into custody from the Third District Court in West Jordan. Hilton in July pled guilty to one count of a pattern …

Drought Disappearing from Oklahoma, Texas After Record Rainfall

Record-shattering spring showers across Oklahoma have replenished lakes and reservoirs, helped farmers recover from a difficult year and eliminated any traces of a devastating drought that had gripped the state for five years. The latest figures from the U.S. Drought …

New York Court: Flood Sub-Limit in Policy Applies to Delay Loss

The New York Supreme Court’s Appellate Division affirmed that a $5 million flood sub-limit in a builders risk policy that Zurich American Insurance issued to a New York property developer applies to the delay-in-completion losses by the flood peril after …

New Mexico Court Favors Worker in Medical Marijuana Case

The New Mexico Court of Appeals has ruled that a patient in the state’s medical marijuana program who was injured on the job must be reimbursed by an employer for the expense of marijuana used for treatment. The decision in …

Insurer’s Refusal to Settle Can Lead to Bad Faith Liability

Did you know that that an insurer can be liable for bad faith failure to settle even if it never receives a firm settlement offer? The Louisiana Supreme Court recently ruled that it can and also that an insurer can …

Boston’s Olympics Bid Promises ‘Most Insured Games in History’

Boston 2024, the group trying to bring the 2024 Olympics to Boston, released the most detailed look yet at its bid for the Summer Games on June 29, unveiling a $4.6 billion plan it says would create thousands of jobs …

Washington Worker’s Family Sues Over Fatal Boeing 777 Air Bag

The family of a Washington man who was fatally injured while he was working on a seat belt air bag replacement that inflated explosively is suing Boeing Co. and a supplier. The lawsuit filed in July in King County Superior …

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