Losses from Hurricane Francine are expected to be manageable for property/casualty insurers, with major population centers sparred from the worst of the storm’s damage. Privately insured loss from Hurricane Francine are estimated to be close to $1.5 billion, catastrophe modeler …
Todd Jackson, owner and partner of McGowan Insurance Group, has been named chairman of the Independent Insurance Agents & Brokers of America (the Big “I”). Jackson was installed as the 2024-2025 chairman of the industry group at its fall conference …
Fitch Ratings said reinsurers are likely to push for double-digit U.S. casualty rate increases during January renewals to keep up with loss trends from social inflation. The rating agency in a new report changed its outlook of the global reinsurance …
No single factor led a fire in the seaside Hawaiian town of Lahaina last year to rage out of control and kill 102 people, according to a state report that assesses the government’s response to the disaster but not its …
Louisiana Insurance Commissioner Tim Temple is warning residents to be aware of contractor fraud following Hurricane Francine. Large storms events such as hurricanes provide an opening for dishonest services providers to take advantage of homeowners, Temple said. The commissioner added …
The U.S. Environmental Protection Agency announced a settlement with Federal Cartridge Co. in Anoka, Minnesota, for alleged Clean Air Act violations. Federal Cartridge is one of the world’s largest manufacturers of sporting ammunition. EPA estimates the settlement will reduce air …
PACE Southeast Michigan, a company providing all-inclusive care for the elderly, violated federal law at multiple locations in the Detroit area by failing to provide reasonable accommodations to employees with disabilities attempting to return to work following Family Medical Leave …
BISMARCK, N.D. (AP) — A Canadian man has pleaded guilty to federal crimes for shootings at electrical substations and an oil pipeline in the Dakotas that caused $1.7 million in damages. Cameron Monte Smith pleaded guilty Wednesday in U.S. District …
LITTLE ROCK, Ark. (AP) — A county in western Arkansas and a health provider have agreed to a $6 million settlement with the family of a man who died from dehydration and malnutrition while being held in a local jail, …
Cooler weather enabled firefighters to make progress over the weekend against three Southern California wildfires. Authorities have started scaling back evacuations at the largest blaze. The Bridge Fire east of Los Angeles has burned 54,690 acres, burned at least 33 …
