Insurance Journal

People’s Trust Managed Repair Clause Survives Another Florida Legal Challenge

After at least three appeals court decisions in the last four years, homeowner lawsuits that take issue with a Florida insurance carrier’s managed repair program may finally have run their course. “It really should” be a nail in the...

Posted: Oct 17, 2024

Supreme Court Allows EPA Power Plant Pollution Curbs for Now

The US Supreme Court let the Environmental Protection Agency move ahead with its stringent new emissions limits for power plants, rebuffing businesses and Republican-run states that complained the rule will impose exorbitant compliance costs. The hig...

Posted: Oct 17, 2024

Man Banned for Life from California’s Workers’ Comp System Charged for Billing Nearly $100M

A man banned for life from the California workers’ compensation system after being twice convicted of fraud was charged with billing nearly $100 million as part of an extensive workers’ comp fraud scheme. David Fish was charged along with...

Posted: Oct 17, 2024

Man Banned From California’s Workers’ Comp System Charged for Billing Nearly $100M

A man banned for life from the California workers’ compensation system after being twice convicted of fraud was charged with billing nearly $100 million as part of an extensive workers’ comp fraud scheme. David Fish was charged along with...

Posted: Oct 17, 2024

Court Finds Ambiguity But No Bad Faith by Insurer in Bible App Data Claim

The Pennsylvania Supreme Court has let stand a state appeals court ruling that tackled for the first time what is meant by “your computers” under electronic data coverage in a commercial property policy. The case involves claims by Bible...

Posted: Oct 17, 2024

People Moves: HUB International Names Forchelli EVP for Hub California

Hub International Limited appointed Andrew Forchelli as executive vice president of HUB California effective January 1, 2025. He will cover existing operations in Northern and Southern California while maintaining his roles as president of HUB LAOC a...

Posted: Oct 17, 2024

California City Part of Community-Based Flood Insurance Initiative

The City of Isleton will take part in a community-based flood insurance initiative for as part of a two-year $200,000 grant to provide payouts to residents if floodwaters reach a pre-determined depth. The pilot project is headed by the California &#8...

Posted: Oct 17, 2024

Jury Awards $30 Million to Woman Injured During C-Section

A Connecticut jury has awarded $30 million to a woman who suffered permanent injuries due to an improper caesarean section surgery 10 years ago. With prejudgment interest, the total award will amount to as much as $68 million, according to …

Posted: Oct 17, 2024

Confessions of Owning a Farmers Insurance Agency

This post is part of a series sponsored by Darkhorse Insurance. Ever wondered what it’s like to be a Farmers Insurance agent? In this eye-opening blog, a former Farmers agent spills the beans on the inside scoop. Get ready for …

Posted: Oct 16, 2024

Insurance Professionals Invited to HAI Group’s Award-Winning Virtual Risk Management Conference on N...

Comprehensive Strategies for Tackling Existing and Emerging Multifamily Housing Threats Date: Thursday, Nov. 7, 2024 Venue: Zoom Time: 10:30 a.m. – 4 p.m. ET CHESHIRE, CONNECTICUT – HAI Group is pleased to announce its sixth annual Virtual Risk Manag...

Posted: Oct 16, 2024

Texas Commissioner Rejects TWIA’s Proposed Rate Increase

Texas Insurance Commissioner Cassie Brown issued an order this week disapproving Texas Windstorm Insurance Association’s proposed 10% increase to property and commercial rates. The Department Department of Insurance said in an Oct. 14 order tha...

Posted: Oct 16, 2024

Former Texas Police Chief Convicted of Insurance Fraud

A federal jury convicted former Castroville Police Chief, Christopher Filline, for one count of conspiracy to commit wire fraud, the U.S. Attorney’s Office for the Western District of Texas announced. According to court documents and evidence p...

Posted: Oct 16, 2024

South Texas City in Boil-Water Notice After E. coli Traces Found in Water System

McALLEN — Laredo entered its sixth day of a citywide water boil notice after traces of E. coli were discovered in its public water system. Now officials in this South Texas city are scrambling to repair old water pipes that …

Posted: Oct 16, 2024

People Moves: Aon Reinsurance Solutions Announces New Senior Leadership Roles; Ryan Specialty Underw...

This edition of International People Moves details appointments at Aon and Ryan Specialty Underwriting Managers International. A summary of these new hires follows here. Aon Announces New Senior Leadership Roles in U.S. Reinsurance Solutions Team Ins...

Posted: Oct 16, 2024

Fitch Revises Cincinnati Financial’s Outlook to Positive From Stable

Fitch Ratings has affirmed the ‘A+’ (Strong) Insurer Financial Strength (IFS) ratings for Cincinnati Financial Corporation’s (CINF) three property/casualty insurance subsidiaries and its life insurance subsidiary the ‘A+&#8217...

Posted: Oct 16, 2024

Department of Labor Expands Grain Handling Safety Program in Midwest

The U.S. Department of Labor announced this month that its Occupational Safety and Health Administration launched a regional emphasis program to address worker safety in the highly hazardous grain handling industry as preventable injuries and uncheck...

Posted: Oct 16, 2024

Wisconsin Officials Requiring Burning Permits Amid Dry Conditions

MADISON, Wis. (AP) — Wisconsin officials are requiring people in 13 counties to obtain burning permits as dry conditions continue. The state Department of Natural Resources announced Monday that permit requirements will go into effect just after midn...

Posted: Oct 16, 2024

Female Leadership Suffers When Private Equity Firms Invest

Female board and leadership representation at European companies plunges whens private equity firms invest, according to a study by consultancy LCap Group. The average percentage of women in leadership positions tumbles to 16% by the end of the priva...

Posted: Oct 16, 2024

Pennsylvania Contractor Ordered to Pay $85K Owed to 6 Workers on Federal Projects

An administrative law judge has ordered a Pennsylvania-based federal contractor to pay $85,284 in back wages for failing to pay prevailing wages, fringe benefits and overtime pay owed to workers employed on multiple federal construction projects, acc...

Posted: Oct 16, 2024

Natural Disaster Losses Below Average Through Q3, Despite Higher Frequency: Report

Although 2024 has seen significant global natural catastrophe activity, economic costs were slightly below average through the third quarter, according to Gallagher Re’s latest Nat Cat report. The total economic loss from natural perils in the...

Posted: Oct 16, 2024

Meta Must Face State Lawsuits Over Teen Social Media Addiction

Facebook parent company Meta must face lawsuits by U.S. states accusing it of fueling mental health problems among teens by making its Facebook and Instagram platforms addictive, a federal judge in California ruled on Tuesday. Oakland-based U.S. Dist...

Posted: Oct 16, 2024

Progressive to Pay Policy Limits in Fatal Boat Crash That Involved Murdaugh’s Son

Progressive Insurance will pay $500,000, the policy limits, to the family of a young woman killed in a 2019 boat crash involving Alex Murdaugh’s youngest son, essentially ending the family’s legal actions in the tragedy. Progressive, whic...

Posted: Oct 16, 2024

State Says Exiting Steward Health Lacks Required Insurance for Employees, Physicians

Thousands of Massachusetts medical professionals and other employees of troubled hospital operator Steward Health Care are at risk because Steward does not have adequate liability or workers’ compensation coverage in place to protect them after...

Posted: Oct 16, 2024

Hurricane Milton Insured Losses in $30B-$50B Range, Says Verisk

Catastrophe modeler Verisk said it expects insured losses from Hurricane Milton will be between $30 billion and $50 billion from damages caused mostly by wind. Verisk’s Extreme Event Solutions group said the range includes privately insured los...

Posted: Oct 16, 2024

FEMA Workers Change Response Tactics in North Carolina After Threats

RALEIGH, N.C. (AP) — Federal disaster workers paused and then changed some of their hurricane-recovery efforts in North Carolina, including abandoning door-to-door visits, after receiving threats that they could be targeted by a militia, officials sa...

Posted: Oct 16, 2024