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1 05, 2024

Tornadoes Damaged 7,200 Residential Properties, Left $2B in Reconstruction Costs

By | May 1st, 2024|Uncategorized|Comments Off on Tornadoes Damaged 7,200 Residential Properties, Left $2B in Reconstruction Costs

The tornadoes that ripped through parts of Nebraska, Iowa and Oklahoma late last week damaged some 7,200 homes, leaving a reconstruction tab of $2.1 billion, according to CoreLogic, the data analytics firm. Some 127 tornadoes spun out of a severe …

1 05, 2024

Ryan Specialty Completes Acquisition of Castel Underwriting Agencies From Arch

By | May 1st, 2024|Uncategorized|Comments Off on Ryan Specialty Completes Acquisition of Castel Underwriting Agencies From Arch

Ryan Specialty, the Chicago-based international specialty insurance firm, announce it has completed the acquisition of Castel Underwriting Agencies from Arch Financial Holdings (UK) Ltd. and minority shareholders. Headquartered in London, Castel is a managing general underwriting (MGU) platform with additional …

1 05, 2024

Louisiana Lawmakers Repeal ‘Three-Year Rule’ that Barred Policy Cancellations

By | May 1st, 2024|Uncategorized|Comments Off on Louisiana Lawmakers Repeal ‘Three-Year Rule’ that Barred Policy Cancellations

Property insurers in storm-swept Louisiana could soon gain much more flexibility over policy cancellations if the governor signs House Bill 611 into law, as expected. The state House of Representatives this week approved the bill by a vote of 82 …

1 05, 2024

State AG, Atlantic City Casino Union Ask Judge to Dismiss Anti-Smoking Lawsuit

By | May 1st, 2024|Uncategorized|Comments Off on State AG, Atlantic City Casino Union Ask Judge to Dismiss Anti-Smoking Lawsuit

Atlantic City’s main casino workers union and the New Jersey attorney general this week asked a judge to dismiss a lawsuit brought by a different union that seeks to ban smoking at the city’s nine casinos. Local 54 of the …

1 05, 2024

BNSF Becomes 2nd RR to Sign on to Anonymous Federal Safety Hotline for Workers

By | May 1st, 2024|Uncategorized|Comments Off on BNSF Becomes 2nd RR to Sign on to Anonymous Federal Safety Hotline for Workers

OMAHA, Neb. (AP) — BNSF will become the second major freight railroad to allow some of its employees to report safety concerns anonymously through a federal system without fear of discipline. The Federal Railroad Administration announced Thursday that the railroad …

1 05, 2024

J&J Advances $6.48 Billion Settlement of Talc Cancer Lawsuits

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Johnson & Johnson said Wednesday it is moving forward with a $6.48 billion proposed settlement of tens of thousands of lawsuits alleging that its baby powder and other talc products contain asbestos and cause ovarian cancer. The deal would allow …

1 05, 2024

Growing Wildfire Risk Leaves States Grappling With How to Keep Insurers From Fleeing

By | May 1st, 2024|Uncategorized|Comments Off on Growing Wildfire Risk Leaves States Grappling With How to Keep Insurers From Fleeing

Months after a catastrophic fire burned more than 2,200 homes in Hawaii, some property owners are getting more bad news—their property insurance won’t be renewed because their insurance company has deemed the risk too high. It’s a problem that has …

1 05, 2024

16 Nabbed in Florida Sting Operation for Failing to Get Workers’ Comp Coverage

By | May 1st, 2024|Uncategorized|Comments Off on 16 Nabbed in Florida Sting Operation for Failing to Get Workers’ Comp Coverage

A sting operation in Manatee County, Florida, has led to the arrest of 16 men who were working without a contractor’s license and without securing workers’ compensation insurance on their employees. The sting was led by the Manatee Sheriff’s office …

1 05, 2024

Houthis Attack Four Ships in Indian Ocean, Red Sea

By | May 1st, 2024|Uncategorized|Comments Off on Houthis Attack Four Ships in Indian Ocean, Red Sea

Yemen’s Houthis said on Tuesday they targeted the MSC Orion container ship in a drone attack in the Indian Ocean as part of their ongoing campaign against international shipping in solidarity with Palestinians against Israel’s military actions in Gaza. MSC …

1 05, 2024

Kansas Won’t Legalize Medical Marijuana for at Least a Year

By | May 1st, 2024|Uncategorized|Comments Off on Kansas Won’t Legalize Medical Marijuana for at Least a Year

TOPEKA, Kan. (AP) — Kansas will remain among the handful of states that haven’t legalized the medical use of marijuana or expanded their Medicaid programs for at least another year. Republican state senators on Friday blocked efforts to force debates …