News Archives - Insurance Journal

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10 05, 2022

South Carolina House Nips Medical Marijuana Bill in the Bud on Constitutional Concerns

By | May 10th, 2022|Uncategorized|Comments Off on South Carolina House Nips Medical Marijuana Bill in the Bud on Constitutional Concerns

Supporters of a move to bring medical marijuana to South Carolina are looking for new buzz after a legalization bill was snuffed out on a procedural and constitutional challenge. “I just need to find out a way to get this …

10 05, 2022

Small Plane Crashes Into Houston Homes’ Backyards, No Injuries

By | May 10th, 2022|Uncategorized|Comments Off on Small Plane Crashes Into Houston Homes’ Backyards, No Injuries

No injuries were reported after a small plane crashed into the backyards of several Houston homes shortly after it had taken off the afternoon of May 6, according to authorities. The plane had taken off from Houston’s Hobby Airport at …

2 05, 2022

Louisiana Judge Orders Liquidation of Lighthouse

By | May 2nd, 2022|Uncategorized|Comments Off on Louisiana Judge Orders Liquidation of Lighthouse

A Louisiana district court judge last week ordered the liquidation of Lighthouse Property Insurance Co., the troubled homeowners insurer who held policies in Louisiana, Florida, Texas, North Carolina and South Carolina. Judge Richard “Chip” Moore, III of the 19th Judicial …

3 05, 2022

Investigation Underway Into Fire That Ravaged Popular New Hampshire Hotel

By | May 3rd, 2022|Uncategorized|Comments Off on Investigation Underway Into Fire That Ravaged Popular New Hampshire Hotel

Three people were injured in a windswept fire that ripped through a landmark North Conway, New Hampshire hotel Saturday afternoon. Two were firefighters who were battling the blaze at the Red Jacket Mountain View Resort in North Conway. None of …

3 05, 2022

FAIR Plan Launches Higher Coverage Limits for Commercial, Business Properties

By | May 3rd, 2022|Uncategorized|Comments Off on FAIR Plan Launches Higher Coverage Limits for Commercial, Business Properties

The California FAIR Plan is now offering increased coverage limits for commercial and business properties. The higher limits are being made available in response to customer requests for FAIR Plan coverage of higher value commercial properties. California Insurance Commissioner Ricardo …

3 05, 2022

California City Pushing Back on $85M Award in Restraint Case

By | May 3rd, 2022|Uncategorized|Comments Off on California City Pushing Back on $85M Award in Restraint Case

San Diego County lawyers are seeking to wipe out an $85 million jury award to the family of man who died after being restrained by sheriff’s deputies in 2015, or get a new trial in the lawsuit that generated the …

3 05, 2022

Hard Drives Stolen During Break-in at Washington Department of Labor Regional Office

By | May 3rd, 2022|Uncategorized|Comments Off on Hard Drives Stolen During Break-in at Washington Department of Labor Regional Office

Hard drives, laptops, cellphones, office equipment, door access key cards, gas cards and other items were stolen during a recent burglary at the Washington State Department of Labor & Industries regional office in Tukwila. The Tukwila Police Department is investigating …

3 05, 2022

Medical Marijuana Industry Booming in Florida in Last Two Years

By | May 3rd, 2022|Uncategorized|Comments Off on Medical Marijuana Industry Booming in Florida in Last Two Years

As in other states that have legalized medical marijuana, Florida has seen a huge increase in doctors, users and dispensary businesses in the last few years, thanks in part to the COVID-10 pandemic. “Cannabis is one of the few industries …

3 05, 2022

Black Neighborhood Lost $5M When Homes Taken by Georgia Authorities in 1960s

By | May 3rd, 2022|Uncategorized|Comments Off on Black Neighborhood Lost $5M When Homes Taken by Georgia Authorities in 1960s

Residents of a Black neighborhood in north Georgia lost more than $5 million on their properties when their homes were destroyed and replaced with university dorms and parking lots more than 50 years ago, according to an analysis by University …

3 05, 2022

China’s Ping An Profit Drops 24% as Pandemic Deals Blow to Business

By | May 3rd, 2022|Uncategorized|Comments Off on China’s Ping An Profit Drops 24% as Pandemic Deals Blow to Business

Ping An Insurance (Group) Co., China’s largest insurer by market value, said profit fell 24% and warned that outbreaks of COVID in the world’s second-biggest economy pose a threat to near-term growth. Net income dropped to 20.7 billion yuan ($3.1 …