Insurance Journal

Southern California Edison Paying $82.5M to Settle Claims Over 2020 Bobcat Fire Damages

Southern California Edison, a unit of utility Edison International, agreed on Friday to pay $82.5 million to settle claims with the U.S. Forest Service for costs and damages resulting from the Bobcat Fire in 2020. The U.S. government had filed &#8230...

Posted: May 27, 2025

Southern California Edison Paying $82.5M to Settle Claims Over Bobcat Fire Damages

Southern California Edison, a unit of utility Edison International, agreed on Friday to pay $82.5 million to settle claims with the U.S. Forest Service for costs and damages resulting from the Bobcat Fire in 2020. The U.S. government had filed &#8230...

Posted: May 27, 2025

DIY Home Inspections Are Taking Over, Firms Say

The future of home inspections is here and it’s in the hands of…the homeowner, according to leaders of two firms that have developed DIY systems now being used by prospective insureds across the country for pre-policy property surveys. &#...

Posted: May 27, 2025

Venezuelan Workers at Disney Put on Leave After Losing Protective Status

ORLANDO, Fla. (AP) — Almost four dozen Venezuelan workers who had temporary protected status have been put on leave by Disney after the U.S. Supreme Court allowed the Trump administration to strip them of legal protections. The move was made …

Posted: May 27, 2025

Progress is Slow for Chimney Rock, NC, Hit Hard by Hurricane Helene

The brightly colored sign along the S-curve mountain road beckons visitors to the Gemstone Mine, the “#1 ATTRACTION IN CHIMNEY ROCK VILLAGE!” But another sign, on the shop’s mud-splattered front door, tells a different story. &#8220...

Posted: May 27, 2025

Progress Is Slow for Chimney Rock, NC Hit Hard by Hurricane Helene

The brightly colored sign along the S-curve mountain road beckons visitors to the Gemstone Mine, the “#1 ATTRACTION IN CHIMNEY ROCK VILLAGE!” But another sign, on the shop’s mud-splattered front door, tells a different story. &#8220...

Posted: May 27, 2025

Wildfires Erupt Near Alberta Oil Well Sites Amid Hot Weather

Hot weather sparked a string of wildfires around Alberta over the weekend, including some near oil and gas wells operated by Canadian Natural Resources Ltd. and others. Four out-of-control fires were burning in Alberta at 4:15 p.m. Monday, including...

Posted: May 27, 2025

India Races to Contain Oil Spill From Sunken Container Ship

Indian agencies detected an oil spill from a container ship that capsized off the coast of the southern state of Kerala early Sunday, triggering efforts to contain the environmental damage, the defense ministry said in a statement a day after …

Posted: May 27, 2025

Russian Hackers Target Western Firms Shipping Aid to Ukraine, US Intelligence Says

Hackers working for Russian military intelligence targeted Western technology and logistics companies involved in shipping assistance to Ukraine, the U.S. National Security Agency said. The hackers were trying to obtain details about the type of assi...

Posted: May 27, 2025

FTC Nixes Antitrust Lawsuit Against PepsiCo Over Pricing

PepsiCo Inc. scored a major legal victory Thursday after the three members of the US Federal Trade Commission voted unanimously to dismiss an antitrust lawsuit that was filed at the very end of the Biden Administration. The FTC sued Pepsi …

Posted: May 27, 2025

India Debuts New Weather Model to Help Farming, Flood Planning

The southwest monsoon’s early arrival in India this year is good news for crops, but exactly when, where, and how much rain will fall over the next few months are still difficult questions to answer. To help solve that dilemma, …

Posted: May 27, 2025

Norwegian Man Awakes to Discover Grounded Cargo Ship Narrowly Missed His Home

A Norwegian man awoke to find that a cargo ship had run aground and narrowly missed crashing into his home along the Trondheim Fjord’s coast. Johan Helberg told Norwegian broadcaster NRK that he’d slept through the whole thing and only &#...

Posted: May 27, 2025

Markets/Coverages: BHSI Expands Executive & Professional Lines Cover in Italy

Berkshire Hathaway Specialty Insurance (BHSI) announced the introduction of miscellaneous Professional Indemnity and Public Offering of Securities Insurance in Italy. These new policies follow the launch of BHSI’s proprietary Directors & Of...

Posted: May 27, 2025

More Tornadoes, Fewer Meteorologists Make for a Dangerous Mix

As nasty tornadoes popped up from Kansas to Kentucky, a depleted National Weather Service was in scramble mode. The agency’s office in Jackson, Kentucky, had begun closing nightly as deep cuts by Elon Musk’s Department of Government Effic...

Posted: May 27, 2025

Underwriting Concerns About Solar? Insurer Certifies Panels for Hail, Fire Resistance

While some insurance companies in Florida and beyond have balked at writing properties with rooftop solar panels, FM Global says it has pioneered an idea that may help – a testing system that certifies panels for fire and hail resistance. …

Posted: May 27, 2025

Connecticut Lawmakers Nix Costly Workers’ Comp Change Opened by High Court

Connecticut lawmakers last week moved swiftly to plug what could have been a very costly loophole in workers’ compensation benefits that was created by a state Supreme Court decision in March. The lawmakers effectively invalidated the high cour...

Posted: May 27, 2025

Connecticut Lawmakers Close Costly Workers’ Comp Loophole Opened by Court

Connecticut lawmakers last week moved swiftly to plug what could have been a very costly loophole in workers’ compensation benefits that was created by a state Supreme Court decision in March. The lawmakers effectively invalidated the high cour...

Posted: May 27, 2025

Urban Fires Can Mean Long Trips for Helicopters to Get Water. A California Firefighter Had An Idea

Mark Whaling and a crew raced up and down a hill in a tanker truck as they battled a wildfire in Los Angeles County, scrambling to get water from a street hydrant in time to stay ahead of flames moving …

Posted: May 27, 2025

Urban Fires Spark California Firefighter’s Idea to Get Quicker Water for Helicopters

Mark Whaling and a crew raced up and down a hill in a tanker truck as they battled a wildfire in Los Angeles County, scrambling to get water from a street hydrant in time to stay ahead of flames moving …

Posted: May 27, 2025

New Hampshire to Pay $2.25M to Mother of 5-Year-Old Killed by Father

New Hampshire has agreed to pay $2.25 million to the mother of Harmony Montgomery, a 5-year-old girl whose father was convicted of murdering her. Crystal Sorey filed a negligence lawsuit against the state last May accusing social workers of ignoring...

Posted: May 27, 2025

Massachusetts Firm to Pay $11M for Dumping Contaminated Fill in Rhode Island

Rhode Island’s top legal chief announced last week that a Massachusetts construction company has agreed to pay $11 million to settle criminal charges that it illegally dumped thousands of tons of contaminated fill in the Ocean State’s cap...

Posted: May 27, 2025

New York City Employee Killed in Sewage-Boat Explosion on Hudson River

An explosion on a boat carrying raw sewage that was docked on the Hudson River in New York City killed a longtime city employee Saturday, authorities said. Another worker on the city-owned Hunts Point vessel was injured and taken to …

Posted: May 26, 2025

Australia’s East Coast Begins Flood Cleanup as Waters Recede

Australia has drafted in emergency service teams from across the nation to help with clean-up operations after devastating floods in the eastern state of New South Wales. Almost 200 additional personnel will take up specialist roles including water r...

Posted: May 26, 2025

Dissecting the McKinsey Report for Profitability in P&C

This post is part of a series sponsored by AgentSync. P&C market summary It’s no secret the property and casualty (P&C) market is full of struggle. After years of premium increases and market withdrawals, the right sizing of risk-to-pro...

Posted: May 25, 2025

California And 10 Other States Launch Clean Cars Coalition Following Senate Vote

California is joining an 11-state coalition to advance clean vehicles in response to a vote by the U.S. Senate to revoke California’s authority to set its own clean air standards. The Affordable Clean Cars Coalition was formed to push the &#823...

Posted: May 23, 2025