7 08, 2023

People Moves: Frank Joins the WCF Insurance Board in Utah

By | August 7th, 2023|Uncategorized|Comments Off on People Moves: Frank Joins the WCF Insurance Board in Utah

WCF Insurance appointed Jan Frank to the company’s board of directors for a four-year term. Frank’s experience in the trade spans almost three decades. Most recently, she was chair, CEO, and president of Pacific Compensation Insurance Company, a California specialty …

7 08, 2023

Massive Citizens Takeout Plan Seen as Sign That Things Are Looking Up in Florida Market

By | August 7th, 2023|Uncategorized|Comments Off on Massive Citizens Takeout Plan Seen as Sign That Things Are Looking Up in Florida Market

Stakeholders near and far are hailing a record number of takeouts from Citizens’ Property Insurance Corp. as a sign that the troubled Florida insurance market is improving, even if it will likely mean higher premiums for homeowners. “This is what …

7 08, 2023

NY Lawmakers Vow to Block Property Insurers from Asking About Subsidized Tenants

By | August 7th, 2023|Uncategorized|Comments Off on NY Lawmakers Vow to Block Property Insurers from Asking About Subsidized Tenants

Three New York legislators said they plan on pushing bills next year that would bar property insurers from requesting information about subsidized housing, a practice that discriminates, an NYC news outlet reported. The Gothamist, a non-profit news organization affiliated with …

7 08, 2023

Judge Tosses Fraud Case Against Exec in SC Nuclear Debacle, But New Case Could Follow

By | August 7th, 2023|Uncategorized|Comments Off on Judge Tosses Fraud Case Against Exec in SC Nuclear Debacle, But New Case Could Follow

A judge has ordered criminal charges dropped against the final executive accused of lying about problems building two nuclear reactors in South Carolina that were abandoned without generating a watt of power. The judge tossed the charges Wednesday because ratepayers …

7 08, 2023

Carlyle Group CEO: Could Broaden Insurance Invest, Despite Re Volatility

By | August 7th, 2023|Uncategorized|Comments Off on Carlyle Group CEO: Could Broaden Insurance Invest, Despite Re Volatility

Carlyle Group Inc. is engaged in a “critical strategic effort” to manage costs and boost profit margins, Chief Executive Officer Harvey Schwartz said Wednesday after the firm posted a 26% drop in second-quarter earnings. Some of the volatility was attributed …

7 08, 2023

Vermont’s Flooded Capital Ponders Rebuild With an Eye on Climate Change

By | August 7th, 2023|Uncategorized|Comments Off on Vermont’s Flooded Capital Ponders Rebuild With an Eye on Climate Change

A beloved bookstore in Vermont`s small capital city moved across the street to a new spot farther from the Winooski River after an ice jam sent river water into the store in 1992. A nearby office supply and gift store …

7 08, 2023

People Moves: H.W. Kaufman Group Appoints Janis as General Counsel

By | August 7th, 2023|Uncategorized|Comments Off on People Moves: H.W. Kaufman Group Appoints Janis as General Counsel

H.W. Kaufman Group Appoints Janis as General Counsel H.W. Kaufman Group, headquartered in Farmington Hills, Mich., hired David R. Janis as general counsel and a member of the company’s leadership team. For nearly 20 years, Janis has worked as a …

7 08, 2023

Cleanup from Chemical Spill that Shut Down I-24 in Tennessee Could Take Time

By | August 7th, 2023|Uncategorized|Comments Off on Cleanup from Chemical Spill that Shut Down I-24 in Tennessee Could Take Time

Cleanup from a chemical spill and fire near Interstate 24 in Tennessee will take several days, after the interstate was shut down and nearby homes evacuated overnight on Thursday. Emergency responders were called to the scene just after 9 p.m. …

7 08, 2023

Texas Court Rejects ‘Fishing Expedition’ Discovery Request to Home Depot

By | August 7th, 2023|Uncategorized|Comments Off on Texas Court Rejects ‘Fishing Expedition’ Discovery Request to Home Depot

A Texas appellate court threw out a trial court order that approved a plaintiff’s overly broad discovery request in an employee’s personal injury lawsuit against Home Depot. A panel of the 9th Court of Appeals in Beaumont vacated a judge’s …

7 08, 2023

Best Downgrades Alabama Muni Insurance Pool, Citing Law Enforcement Liability

By | August 7th, 2023|Uncategorized|Comments Off on Best Downgrades Alabama Muni Insurance Pool, Citing Law Enforcement Liability

The A.M. Best financial rating firm has downgraded the financial strength rating of the Alabama Municipal Insurance Corp., citing weather losses as well as law enforcement liability costs. “AMIC’s law enforcement liability segment has been impacted by claims going to …