16 09, 2024

Man Admits Shootings That Damaged Electrical Substations in the Dakotas

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BISMARCK, N.D. (AP) — A Canadian man has pleaded guilty to federal crimes for shootings at electrical substations and an oil pipeline in the Dakotas that caused $1.7 million in damages. Cameron Monte Smith pleaded guilty Wednesday in U.S. District …

16 09, 2024

Michigan Company Sued for Violating Federal Law on Employee Accommodations

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PACE Southeast Michigan, a company providing all-inclusive care for the elderly, violated federal law at multiple locations in the Detroit area by failing to provide reasonable accommodations to employees with disabilities attempting to return to work following Family Medical Leave …

16 09, 2024

Minnesota Ammunition Manufacturer to Pay $349K Over Clean Air Act Violations

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The U.S. Environmental Protection Agency announced a settlement with Federal Cartridge Co. in Anoka, Minnesota, for alleged Clean Air Act violations. Federal Cartridge is one of the world’s largest manufacturers of sporting ammunition. EPA estimates the settlement will reduce air …

16 09, 2024

Louisiana Commissioner Warns Against Contractor Fraud Post-Hurricane Francine

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Louisiana Insurance Commissioner Tim Temple is warning residents to be aware of contractor fraud following Hurricane Francine. Large storms events such as hurricanes provide an opening for dishonest services providers to take advantage of homeowners, Temple said. The commissioner added …

16 09, 2024

Hawaii Probe Finds No Single Factor Led to Maui Wildfire Losses

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No single factor led a fire in the seaside Hawaiian town of Lahaina last year to rage out of control and kill 102 people, according to a state report that assesses the government’s response to the disaster but not its …

16 09, 2024

Hawaii Probe Finds No Single Factor Led to Maui Wildfire Losses

By | September 16th, 2024|Uncategorized|Comments Off on Hawaii Probe Finds No Single Factor Led to Maui Wildfire Losses

No single factor led a fire in the seaside Hawaiian town of Lahaina last year to rage out of control and kill 102 people, according to a state report that assesses the government’s response to the disaster but not its …

16 09, 2024

Reinsurance Outlook to ‘Neutral’; US to Push for Double-Digit Casualty Increases

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Fitch Ratings said reinsurers are likely to push for double-digit U.S. casualty rate increases during January renewals to keep up with loss trends from social inflation. The rating agency in a new report changed its outlook of the global reinsurance …

16 09, 2024

McGowan Owner Jackson Takes Reins as Big ‘I’ Chairman

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Todd Jackson, owner and partner of McGowan Insurance Group, has been named chairman of the Independent Insurance Agents & Brokers of America (the Big “I”). Jackson was installed as the 2024-2025 chairman of the industry group at its fall conference …

16 09, 2024

Hurricane Francine Losses Expected to be Manageable for Insurers

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Losses from Hurricane Francine are expected to be manageable for property/casualty insurers, with major population centers sparred from the worst of the storm’s damage. Privately insured loss from Hurricane Francine are estimated to be close to $1.5 billion, catastrophe modeler …

16 09, 2024

Hurricane Francine Losses Expected to be Manageable for Insurers

By | September 16th, 2024|Uncategorized|Comments Off on Hurricane Francine Losses Expected to be Manageable for Insurers

Losses from Hurricane Francine are expected to be manageable for property/casualty insurers, with major population centers sparred from the worst of the storm’s damage. Privately insured loss from Hurricane Francine are estimated to be close to $1.5 billion, catastrophe modeler …