Insurance Journal
According to the Consumer Protection Safety Commission, about 9,700 people in 2023 were treated in emergency rooms for fireworks-related injuries. In its annual report, CPSC said there is a “statistically significant trend” upward in the...
Posted: Jul 03, 2024
Medical costs for workers’ compensation increased nationally 11% and first-party claims grew 5% over the last four years, a new report shows. Enlyte’s “Quarterly Medical Price Index (MPI) Report,” based on trends from professi...
Posted: Jul 03, 2024
For the second year in a row, the U.S. property/casualty industry booked an underwriting loss of more than $20 billion primarily due to the lackluster performance of personal auto and home insurance lines. The total U.S. P/C underwriting loss in R...
Posted: Jul 03, 2024
ORLANDO, Fla. (AP) — The Coral Gables Art Cinema will be short more than $100,000 this year. About $150,000 has suddenly disappeared from the Orlando Philharmonic Orchestra’s budget. The Miami New Drama also has an unexpected $150,000 budget ho...
Posted: Jul 03, 2024
Hub International, a global insurance brokerage, has acquired Georgia-based Skinner & Co., a brokerage offering commercial coverage, performance bonds and risk management services. Terms of the deal were not disclosed. Todd Skinner and team, in M...
Posted: Jul 03, 2024
Washington Insurance Commissioner Mike Kreidler’s office issued more than $500,000 in fines in May and June for violations of state insurance laws and regulations, including fining Unite Health Share Ministries $300,000 for acting as an unautho...
Posted: Jul 03, 2024
A man was killed when some fireworks exploded at his Pennsylvania home, state police said. Michael Cross, 55, of Union City, was working in his garage when the blast occurred around 10:15 a.m. Sunday in the Erie County community. Neighbors …
Posted: Jul 03, 2024
A federal appeals court has ruled that Virginia’s $350,000 punitive damages cap applies on a per-plaintiff basis in a case against white supremacists who organized the “Unite the Right” rally in Charlottesville in August 2017. A Fou...
Posted: Jul 03, 2024
Monroe Insurance Center, Inc., an independent insurance and risk management agency in Monroe, Connecticut, has merged its operations with Smith Brothers Insurance. The leadership team at Monroe Insurance Center including John Rodrigues, Anna Rodrigue...
Posted: Jul 03, 2024
A Philadelphia jury has awarded $68.5 million in damages to the widow and son of a 38-year-old construction worker who was killed in 2021 in a fall from a fifth-floor balcony at a luxury townhouse site. Siarhei Marhunou’s widow, Hanna, …
Posted: Jul 03, 2024
A Philadelphia jury has awarded $68.5 million in damages to the widow and son of a 38-year-old construction worker who was killed in 2021 in a fall from a fifth-floor balcony at a luxury townhouse site. Siarhei Marhunou’s widow, Hanna, …
Posted: Jul 03, 2024
Firefighters increased containment on the biggest wildfire currently burning in California, but triple-digit temperatures are expected to bake the state and increase wildfire risk. The Basin Fire in Fresno County has burned 13,551 acres and is 17% co...
Posted: Jul 02, 2024
PG&E Corp. cut power to about 2,000 homes and businesses in Northern California as triple-digit temperatures, strong winds and low humidity heightened the risk of wildfires. The utility said it preemptively shut power across small areas of eight...
Posted: Jul 02, 2024
Wesley G. Marshall has been elected to a three-year term as chairman of the Virginia Workers’ Compensation Commission (VWC), effective July 1, 2024. He succeeds Commissioner Robert A. Rapaport, whose term ended June 30, 2024. Marshall, of Richm...
Posted: Jul 02, 2024
Tractors plow the farm fields without drivers, guided by satellites and iPhones. Solar-powered robots tend to plants on the ground like giant outdoor Roombas, while drones fly overhead spraying the crops. It may sound like science fiction — perhaps U...
Posted: Jul 02, 2024
IMA Financial Group, an independent insurance brokerage and risk management consulting firm, announced that Jordyn Arons Rosen will be its new Dallas Market President, effective July 1, 2024. Arons Rosen will succeed insurance industry veteran Robert...
Posted: Jul 02, 2024
Watkins Insurance Group announced that Patrick Watkins has been awarded the distinguished Drex Foreman Award by the Independent Insurance Agents of Texas (IIAT). This prestigious accolade recognizes exemplary leadership and significant contributions...
Posted: Jul 02, 2024
Coverys Ltd., a UK entity in the Coverys Group of Companies, has received regulatory authority to launch a London company market insurer, effective June 26. Coverys Ltd. is part of Coverys’ dedicated London platforms which include both insuranc...
Posted: Jul 02, 2024
A federal class-action lawsuit alleges the Omaha Housing Authority continuously violated the legal rights of low-income tenants over the last seven years. Current and former tenants suing OHA claim the public housing provider illegally overcharged th...
Posted: Jul 02, 2024
Texas Governor Greg Abbott wants to double a newly created loan program for building gas-fired power plants to $10 billion in order to meet the state’s growing demand for electricity. Voters last year approved the Texas Energy Fund, offering $5...
Posted: Jul 02, 2024
DETROIT (AP) — A Michigan appeals court revived a lawsuit against Detroit-area paramedics after a woman who had been declared dead gasped for air with her eyes open when a body bag was unzipped at a funeral home. A judge …
Posted: Jul 02, 2024
A day after Ryan Specialty Holdings announced a handful of executive moves following the retirement of founder Patrick G. Ryan, the company continued to promote from within by naming Edward F. McCormack chief executive officer of RT Specialty. McCorm...
Posted: Jul 02, 2024
As of this week, home sellers in North Carolina must now disclose previous flood damage to properties. And come Oct. 1, Floridians must make similar disclosures, potentially boosting the demand for flood insurance. The North Carolina Real Estate Comm...
Posted: Jul 02, 2024
The U.S. Supreme Court declined on Tuesday to hear a challenge by an Ohio company to the power of the federal workplace safety regulator as the justices avoided another legal effort to pare back the authority of federal agencies. The …
Posted: Jul 02, 2024
Delaware is poised to adopt changes to its widely used corporate law that critics argue could weaken U.S. boards of directors in favor of influential investors such as private-equity firms. State lawmakers last week approved a bill that gives a ̷...
Posted: Jul 02, 2024