Insurance Journal

Arbour National Becomes Majority Owner in Southern Trust Insurance

North Carolina-based Arbour National, a privately held insurance holding company, has become majority owner in Southern Trust Insurance and it sister wholesale company, Southern Specialty Underwriters, the firms announced. Terms of the deal were not...

Posted: Jun 29, 2023

Five Teens Killed in Car That Sank in Florida Pond

Five teenagers were killed when their car ran off a curving street and landed in a southwest Florida retention pond where it went underwater, authorities said. It happened either late Sunday or early Monday, killing everyone inside. The crumpled Kia...

Posted: Jun 29, 2023

USAA Settles Georgia Class Action on Underpaid Taxes in Auto Claims

A federal judge in Georgia has given preliminary approval to a $2.3 million settlement in a class-action lawsuit that charged USAA Casualty Insurance Co. with underpaying for taxes on totaled vehicles. “The Court finds, subject to the final fai...

Posted: Jun 29, 2023

Engineering Report Not Covered in Kidwell AOB Case, Florida Appeals Court Finds

Insurance carriers do not have to pay for an engineering report if it’s not used in the repair of a property and is not covered by the policy, a Florida appeals court ruled Wednesday in a rebuke of one of …

Posted: Jun 29, 2023

Florida Police: Theft Ring Targeted Luxury Cars Using Fake VINs, Phony Insurance

Florida law enforcement pushed back this week against a nationwide surge in auto thefts, announcing that 23 people were arrested for their alleged participation in a crime ring that forged vehicle identification numbers for stolen luxury vehicles. Ar...

Posted: Jun 29, 2023

Pennsylvania Weighs Expanding Medical Marijuana Access

Pennsylvania state senators began advancing legislation Wednesday that would liberalize the state’s 5-year-old medical marijuana program by expanding the scope of who can buy it and allowing it to be sold in edible form. The three-bill package...

Posted: Jun 29, 2023

New Jersey Announces $393M Settlement with Maker of Forever Chemicals

Solvay Specialty Polymers USA, Inc., which bills itself as the industry leader in specialty polymers, has agreed to a settlement with New Jersey officials over cleanup and compensation for the discharge of so-called “forever chemicals” an...

Posted: Jun 29, 2023

New Jersey Announces $393M Settlement With Manufacturer Over Forever Chemicals

Solvay Specialty Polymers USA, Inc., which bills itself as the industry leader in specialty polymers, has agreed to a settlement with New Jersey officials over cleanup and compensation for the discharge of so-called “forever chemicals” an...

Posted: Jun 29, 2023

‘Small Miracle’: How the I-95 Bridge Reopened Just 12 Days After Fiery Collapse

The rapid repair of a key stretch of Interstate 95, two weeks after a fiery crash caused an overpass to collapse, prompted one newspaper in Germany — known for having some of the world’s best roadways — to call the …

Posted: Jun 29, 2023

Takeaways from Our Conversation on The Science of Cannabis Extraction

You can’t really know much about the cannabis industry without having at least a basic understanding of extraction. It’s a major part of the industry, but you really don’t hear about it being talked about enough. Darwin Millard, chi...

Posted: Jun 29, 2023

People Moves: LP Insurance Services Adds Thompson to Southern Nevada Team

LP Insurance Services, LLC, headquartered in Reno, Nev., added Cole Thompson to its Las Vegas commercial lines team. Thompson will work with commercial clients seeking insurance solutions and risk management services. Before joining LP Insurance, Tho...

Posted: Jun 29, 2023

People Moves: Allied Solutions Promotes Bugalski to EVP; H.W. Kaufman Group Elects Randazzo to Board...

Allied Solutions Promotes Bugalski to Executive Vice President Allied Solutions has promoted Mark Bugalski to executive vice president (EVP) and chief growth officer. Bugalski most recently served as senior vice president and chief growth officer. Bu...

Posted: Jun 28, 2023

Record-Breaking Heat Wave to Expand to Other States, Posing Health Risks to Millions

DALLAS (AP) – Scorching temperatures brought on by a “heat dome” have taxed the Texas power grid and threaten to bring record highs to the state before they are expected to expand to other parts of the U.S. during the …

Posted: Jun 28, 2023

Extreme Heat in Texas Raises Concerns of Power Grid Overload

AUSTIN, Texas (AP) – On another 100-degree day in Texas, Sean Whitaker lingered outside a Dallas cafe after polishing off an iced coffee, having switched off the power to everything back home except his refrigerator. “That’s the rea...

Posted: Jun 28, 2023

Chicago Mother Sues City After Murder Charges Were Dropped Against Her and Her Son

CHICAGO (AP) – A Chicago mother who was accused of telling her teen son to shoot a man at a fast food restaurant is suing the city and arresting officers, a day after murder charges against her and her son …

Posted: Jun 28, 2023

Smoke from Canadian Wildfires Causes Unhealthy Air Quality in Minnesota

ST. PAUL, Minn. (AP) – Wildfire smoke from Canada promoted officials on Tuesday to issue a record 23rd air quality alert for much of Minnesota through late Wednesday night as smoky skies obscure the Minneapolis and St. Paul skylines. Smoke &#82...

Posted: Jun 28, 2023

‘Heat Dome’ Scorching Temperatures Headed to Other States

Scorching temperatures brought on by a “heat dome” have taxed the Texas power grid and threaten to bring record highs to the state before they are expected to expand to other parts of the U.S. during the coming week, putting …

Posted: Jun 28, 2023

United Airlines CEO Blames FAA as Storms Trigger Flight Cancellations

United Airlines Chief Executive Scott Kirby has blamed the Federal Aviation Administration (FAA) after severe storms led to thousands of canceled flights in recent days. “I’m … frustrated that the FAA frankly failed us this weekend,...

Posted: Jun 28, 2023

NC Lawmakers Move to Override Veto of Bill that Could Diminish Wetlands Protections

Republicans in the state legislature on Monday began efforts to override Democratic Gov. Roy Cooper’s veto of the General Assembly’s annual farm bill, with the Senate successfully voting to enact the legislation despite his objections abo...

Posted: Jun 28, 2023

UPS Working With Experts After Phishing Attack on Some Shippers, Customers

United Parcel Service said Wednesday it is working with law officials and outside experts following reports of phishing messages that were sent via text messages to certain shippers and their customers in Canada. The package delivery company did not...

Posted: Jun 28, 2023

Industrial Gas Maker Messer to Pay $1.9M to Settle WV Pollution Violation Suit

A producer of industrial gas in West Virginia has agreed to pay $1.9 million to settle allegations that it violated the Clean Water Act by dumping copper, aluminum, residual chlorine, iron and phenolics into the Ohio River at levels above …

Posted: Jun 28, 2023

Setting Range for Emotional Damage Awards Is Not Its Job, Says Connecticut High Court

It is up to the Connecticut legislature, not courts, to set any minimum or maximum controls on damages for emotional stress claims, the Connecticut Supreme Court held in a ruling in which it refused to second-guess a $15,000 award in …

Posted: Jun 28, 2023

Alabama Town Gearing up for Micro Nuclear Reactor Assembly Plant

A Seattle-based nuclear energy company has selected Gadsden as the site of a microreactor assembly plant. Ultra Safe Nuclear Corporation said the facility will manufacture and assemble modules needed to construct the company’s microreactors. Un...

Posted: Jun 28, 2023

State Regulators Need to Improve ‘Fragmented’ Efforts to Assess Insurers’ Climate Risks: FIO

The Federal Insurance Office (FIO) has released a new report analyzing climate-related issues and gaps in U.S. insurance supervision and regulation, saying state regulatory efforts are fragmented and limited. FIO, part of the U.S. Department of the T...

Posted: Jun 28, 2023

Businesses Criticize New EU Data Rules, Saying They Could Hinder Data Flow

Businesses and Big Tech on Wednesday criticized European Union data rules agreed between EU countries and lawmakers, saying they could hinder data flow and contractual freedom, while a pan-European consumer group said they did little for Europeans. T...

Posted: Jun 28, 2023