1 03, 2023

People Moves: Mikos-Benavides Joins J.M. Wilson; Omaha National Appoints Mackel CFO

By | March 1st, 2023|Uncategorized|Comments Off on People Moves: Mikos-Benavides Joins J.M. Wilson; Omaha National Appoints Mackel CFO

J.M. Wilson Hires Mikos-Benavides as Assistant Transportation Underwriter J.M. Wilson, based in Portage, Michigan, has hired Jennifer Mikos-Benavides as assistant transportation underwriter in their Arlington Heights, Illinois office. Mikos-Benavides is responsible for assisting underwriters with a wide variety of new …

1 03, 2023

Florida’s SB 2A Ended One-Way Legal Fees. Now Some Insurers Say it’s Retroactive

By | March 1st, 2023|Uncategorized|Comments Off on Florida’s SB 2A Ended One-Way Legal Fees. Now Some Insurers Say it’s Retroactive

Plaintiffs’ attorneys took it on the chin when Florida lawmakers in December approved Senate Bill 2A, which ended the practice of one-way attorney fees in property insurance litigation. Now, though, a number of insurance carriers and defense firms insist that …

1 03, 2023

Texas Utility Regulators Propose Changes to Electricity Market

By | March 1st, 2023|Uncategorized|Comments Off on Texas Utility Regulators Propose Changes to Electricity Market

The winter storm that hit Texas in February 2021 strained the state’s electricity grid so much that power had to be cut to millions of homes and businesses to prevent the grid’s complete failure. At least 200 people died, many …

1 03, 2023

Dam Owner Fined $1M in Field Turf Pollution of Washington River

By | March 1st, 2023|Uncategorized|Comments Off on Dam Owner Fined $1M in Field Turf Pollution of Washington River

A company that operates a century-old hydroelectric dam near Mount Rainier National Park and its chief operating officer each pleaded guilty to a single criminal count Monday in connection with a spill of synthetic field turf and the tiny rubber …

1 03, 2023

State Farm P/C Businesses Report $13B Underwriting Loss

By | March 1st, 2023|Uncategorized|Comments Off on State Farm P/C Businesses Report $13B Underwriting Loss

Late last year, State Farm’s chief executive broke the news that the auto giant would record the largest underwriting loss in its 100-year history for 2022. On Monday, the news became official with a huge number attached: $13 billion. “We …

1 03, 2023

Nevada Board Voting on $330M in Additional Tesla Tax Breaks

By | March 1st, 2023|Uncategorized|Comments Off on Nevada Board Voting on $330M in Additional Tesla Tax Breaks

Tesla may receive over $300 million in tax abatements over the next two decades for a massive new expansion of its northern Nevada facility, the product of a 2014 deal for when the company first came to the area on …

1 03, 2023

Drivers Killed One Pedestrian Every 75 Minutes in H1 2022

By | March 1st, 2023|Uncategorized|Comments Off on Drivers Killed One Pedestrian Every 75 Minutes in H1 2022

Drivers in the United States struck and killed 3,434 people in the first half of 2022 – up 5%, or 168 more deaths, from the same period the year before, according to a new analysis from the Governors Highway Safety …

1 03, 2023

Cyberattack on Boston Labor Union Results in $6.4M Loss

By | March 1st, 2023|Uncategorized|Comments Off on Cyberattack on Boston Labor Union Results in $6.4M Loss

A cyberattack on a Boston-based labor union’s health fund resulted in the loss of $6.4 million, but it does not appear that the personal information of members was stolen or compromised, union officials said. Federal and local law enforcement agencies …

1 03, 2023

Insurers to Pay Bangladesh Shipping Corp. $22.48M for Vessel Hit by Missile in Ukraine

By | March 1st, 2023|Uncategorized|Comments Off on Insurers to Pay Bangladesh Shipping Corp. $22.48M for Vessel Hit by Missile in Ukraine

Insurers are about to pay state-owned Bangladesh Shipping Corp. (BSC) $22.48 million for its vessel that was hit by a missile during fighting in Ukraine, two officials involved said on Tuesday. The expected settlement is one of the first shipping …

28 02, 2023

Study Says Back-to-Back Hurricanes Likely to Come More Often

By | February 28th, 2023|Uncategorized|Comments Off on Study Says Back-to-Back Hurricanes Likely to Come More Often

What used to be a rare one-two punch of consecutive hurricanes hitting about the same place in the United States weeks apart seems to be happening more often, and a new study says climate change will make back-to-back storms more …