January 19, 2022
Wed, 19 Jan 2022 16:22:41 +0000
Ten months ago, historic flooding in eastern Kentucky displaced dozens of people and damaged homes and businesses all along the Kentucky River. The flooding also caused an embankment on Panbowl Lake, near Jackson, Kentucky, to begin to slip, raising new …
Wed, 19 Jan 2022 15:43:22 +0000
The Tennessee Department of Commerce and Insurance is reminding residents that the state has $1 million available for firefighting equipment for the state’s more than 500 volunteer fire departments. The department and the state Fire Marshal’s Office an...
Wed, 19 Jan 2022 15:37:20 +0000
Risk Strategies acquired Burke Insurance Group LLC, a New Mexico-based commercial retail insurance agency. The acquisition marks Risk Strategies’ first entry in New Mexico. Headquartered in Las Cruces, New Mexico, Burke Insurance Group was formed in 19...
Wed, 19 Jan 2022 15:22:06 +0000
Orion180, a homeowners insurance provider based in Florida, announced that it has made Ryan Jesenik chief operations officer. Jesenik joined Orion180 in 2020 as senior vice president for sales and operations, and has overseen significant growth for the...
Wed, 19 Jan 2022 15:02:54 +0000
The U.S. Department of Agriculture reported two more cases of highly pathogenic avian flu in wild birds on Tuesday, raising risks for potential infections in poultry. The USDA on Friday reported the nation’s first case of a Eurasian H5 type …
Wed, 19 Jan 2022 15:01:25 +0000
California-based Relation Insurance Services has reached across the country to acquire trucking industry specialist Allen Insurance Group, headquartered in Georgia. Based in Fort Valley, Georgia, Allen offers commercial lines and daily rental and modul...
Wed, 19 Jan 2022 14:55:34 +0000
There were 1,034 announced insurance agency mergers and acquisitions in 2021, up 30% from 795 reported in 2020, according to agency consultancy OPTIS Partners. Also, the 384 deals during the fourth quarter of 2021 marked a 26% increase over the …
Wed, 19 Jan 2022 14:33:07 +0000
Drugmaker Endo International plc said on Tuesday it had agreed to pay up to $65 million to resolve claims by the state of Florida and local governments that the drugmaker helped fuel the U.S. opioid epidemic. The deal is the …
Wed, 19 Jan 2022 13:06:37 +0000
AT&T and Verizon Communications on Tuesday agreed to temporarily defer turning on some wireless towers near key airports to avert a significant disruption to U.S. flights as they roll out 5G service that will bring faster wireless service to tens …
Wed, 19 Jan 2022 13:00:17 +0000
The looming threat of increased supply chain and critical infrastructure attacks is causing both cyber experts and cyber insurers to lose sleep already in 2022, according to guests on this episode of The Insuring Cyber Podcast. “Those are going to, …
Wed, 19 Jan 2022 12:32:52 +0000
A group of the world’s biggest insurers and reinsurers jointly pledging to eliminate greenhouse gas emissions from their underwriting activities have run into an unexpected opponent of their planet-friendly mission: competition law. The Net-Zero Insura...
Wed, 19 Jan 2022 11:11:58 +0000
The cost of a comprehensive car insurance policy in Britain is expected to be volatile this year, after rising 5% in the final quarter of 2021 as more drivers took to roads on easing COVID-19 curbs, a survey showed on …
Wed, 19 Jan 2022 09:00:52 +0000
An early morning fire on Jan. 14 at a church in Louisiana’s capital left $150,000 worth of damages but no injuries, authorities said. The Baton Rouge Fire Department responded about 5:30 a.m. to a fire in North Baton Rouge at …
Wed, 19 Jan 2022 08:13:22 +0000
A UK High Court on Tuesday threw out a case brought by climate activists against the country’s oil and gas regulator OGA, rejecting their argument that the OGA’s actions amount to a type of unlawful subsidy of the fossil fuel …
Wed, 19 Jan 2022 08:05:26 +0000
Two men died and five people were injured early Monday in a fire at a multi-family dwelling in Pontiac, authorities said. Eleven adults were in the home when the fire was reported around 2:44 a.m., Oakland County Sheriff’s Department officials …
Wed, 19 Jan 2022 08:00:29 +0000
Louisiana’s fisheries and seafood businesses experienced approximately $580 million in total losses resulting from four hurricane between August 2020 to August 2021, according to a new report by the Louisiana Sea Grant and the Louisiana Department of W...
Wed, 19 Jan 2022 07:49:33 +0000
Canada’s financial sector is facing a talent shortage in sustainable finance as demand for people who can evaluate ESG-related risks and opportunities far exceeds the supply, according to a new study. Environmental, social and governance factors are be...
Wed, 19 Jan 2022 07:35:35 +0000
Asian insurer FWD Group has raised $200 million in new funding ahead of its planned Hong Kong initial public offering (IPO), according to two sources with direct knowledge of the matter. The sources could not be named as the information …
Wed, 19 Jan 2022 07:30:57 +0000
The family of a delivery driver who died last month when a tornado collapsed the central Illinois Amazon facility where he worked filed a wrongful deathlawsuitMonday in Madison County. The action on behalf of Austin McEwen, 26, claims that Amazon …
Wed, 19 Jan 2022 06:14:42 +0000
Florida took a step toward opening its distressed property insurance market to more carriers Tuesday when a Senate committee approved a bill that would let Florida-based surplus lines insurers sell surplus policies in Florida. The Senate Banking and In...
Wed, 19 Jan 2022 06:01:55 +0000
California workers’ compensation COVID-19 claim volume continues to track with the state’s fluctuating infection trends, as the latest monthly count of COVID workers’ comp claims jumped 172% in December to the second highest level of the year as the Om...
Wed, 19 Jan 2022 06:00:50 +0000
Teva Pharmaceutical Industries Ltd. has agreed to pay $420 million to settle shareholder litigation alleging the company hid an anti-competitive scheme to fix the price of generic drugs. The settlement was disclosed on Tuesday in papers filed in federa...
Wed, 19 Jan 2022 06:00:40 +0000
Federal prosecutors have charged 13 people—including a New York City police officer, an attorney and four physicians—in two indictments that allege they schemed to defraud auto insurers out of $100 million by bribing 911 operators and others for ac...
Wed, 19 Jan 2022 06:00:25 +0000
The Biden administration on Tuesday unveiled a 10-year plan to treat and maintain millions of additional acres of forests in the western United States to reduce the severity of seasonal wildfires. “We’re not going to stop fires,” U.S. Agriculture Secre...
Wed, 19 Jan 2022 06:00:06 +0000
New Yorkers who were sexually abused as adults could sue abusers in civil court under a bill that supporters are again urging the state to pass. The Adult Survivors Act would provide a one-year litigation window for those individuals to …
Tue, 18 Jan 2022 19:47:32 +0000
Homeowners of America, a property/casualty insurance provider and subsidiary of Porch Group Inc., launched service in Montana. With the addition of Montana, HOA now operates in 14 states. HOA launched its service in New Mexico earlier this month. Seatt...
Tue, 18 Jan 2022 17:41:51 +0000
Iowa football coach Kirk Ferentz has disbanded an alumni advisory committee that was created after a 2020 investigation found evidence of racial bias against Black players in his program and bullying behavior by some of his assistants. The Gazette repo...
Tue, 18 Jan 2022 17:37:14 +0000
A woman who said she was injured after slipping on a lemon wedge has failed to revive her lawsuit against a popular Detroit tavern. The Michigan Court of Appeals affirmed a lower court’s decision in favor of Old Shillelagh. Connie …
Tue, 18 Jan 2022 17:30:24 +0000
High Street Insurance Partners announced its December acquisition of Hershey Insurance Agency, a full-service insurance firm based in Troy, Michigan. Founded in 1979, Hershey offers personal insurance, business insurance and group benefits. This acquis...
Tue, 18 Jan 2022 17:20:12 +0000
A little over five months after Hurricane Ida devastated Grand Isle, Louisiana’s barrier island, electricity is fully up and running, the mayor’s office said. Ida made landfall Aug. 29. Grand Isle was nearly inaccessible in the days immediately after t...