25 08, 2022

Gas Producer Santos Faces New Climate Claim in Landmark Greenwashing Case

By | August 25th, 2022|Uncategorized|Comments Off on Gas Producer Santos Faces New Climate Claim in Landmark Greenwashing Case

Activists mounting one of the world’s first legal challenges over corporate greenwashing have expanded a case against gas producer Santos Ltd., raising fresh allegations about the company’s climate plans. A suit filed against the oil and gas producer is the …

25 08, 2022

Hub Acquires Winter Harbor Agency in Massachusetts

By | August 25th, 2022|Uncategorized|Comments Off on Hub Acquires Winter Harbor Agency in Massachusetts

Global insurance broker Hub International reports it has acquired the assets of Winter Harbor Insurance Group. Located in Woburn, Massachusetts, Winter Harbor Insurance Group is an independent insurance agency providing commercial and personal insurance. Jimmy Aiken, president of Winter Harbor, …

25 08, 2022

State Farm to Pay $100 Million to Federal Government for Hurricane Katrina Claims

By | August 25th, 2022|Uncategorized|Comments Off on State Farm to Pay $100 Million to Federal Government for Hurricane Katrina Claims

State Farm Fire and Casualty Co. and two former claims-adjuster sisters, who more than 16 years ago filed a lawsuit claiming the insurer committed fraud against the government’s National Flood Insurance Program following Hurricane Katrina, have settled. According to documents …

25 08, 2022

Erie Insurance Launches Venture Capital Fund

By | August 25th, 2022|Uncategorized|Comments Off on Erie Insurance Launches Venture Capital Fund

Pennsylvania-based Erie Insurance has launched Erie Strategic Ventures to invest in innovations in risk avoidance, claims, underwriting, digital sales, agency productivity, and products and services for home, families and small businesses. Erie said the venture fund is stage and geography …

25 08, 2022

Europe’s Record-Breaking Summer Heat Wave Will Be the Norm by 2035: Report

By | August 25th, 2022|Uncategorized|Comments Off on Europe’s Record-Breaking Summer Heat Wave Will Be the Norm by 2035: Report

Europe’s record-breaking heat wave will be just an average summer in less than 15 years — even if countries meet their climate goals — with regular droughts and fires set to become the norm. By the end of the century, …

25 08, 2022

NCCI Recommends 8.4% Cut in Florida Workers’ Comp Rates for 2023

By | August 25th, 2022|Uncategorized|Comments Off on NCCI Recommends 8.4% Cut in Florida Workers’ Comp Rates for 2023

The National Council on Compensation Insurance is recommending an average 8.4% cut in workers’ compensation rates for the Florida voluntary market – the seventh straight reduction and double the size of the decrease for last year. The recommendation, which will …

25 08, 2022

UPC Gives up the Ghost, Now in Orderly Run-Off in Florida, Louisiana, Texas and NY

By | August 25th, 2022|Uncategorized|Comments Off on UPC Gives up the Ghost, Now in Orderly Run-Off in Florida, Louisiana, Texas and NY

United Property & Casualty Insurance Co., facing heavy losses, in July put out feelers for a potential sale or merger with another carrier, after a ratings downgrade and a substantial reorganization plan. But the firm’s holding company announced Wednesday that …

25 08, 2022

Brink’s Driver Was Asleep During California Jewelry Heist, Lawsuit Says

By | August 25th, 2022|Uncategorized|Comments Off on Brink’s Driver Was Asleep During California Jewelry Heist, Lawsuit Says

One of the drivers of a Brink’s tractor-trailer was asleep inside the big rig, parked near a remote Southern California rest stop earlier this summer, when thieves broke a lock and stole millions of dollars worth of jewelry and gemstones, …

25 08, 2022

Report: Atmospheric Storms Could Result in $3.2B in Flood Damage by Century’s End

By | August 25th, 2022|Uncategorized|Comments Off on Report: Atmospheric Storms Could Result in $3.2B in Flood Damage by Century’s End

Atmospheric rivers that bombard the Western U.S. from time to time could result in as much as $3.2 billion in flood damage by century’s end, according to researchers who published a new study in the journal Scientific Reports. Atmospheric rivers …

22 08, 2022

Report Questions Lydecker’s Appointment to Florida Citizens Insurance Board

By | August 22nd, 2022|Uncategorized|Comments Off on Report Questions Lydecker’s Appointment to Florida Citizens Insurance Board

Three months after Charlie Lydecker was appointed to the Florida Citizens Property Insurance Corp. Board of Governors, some are questioning that appointment after his involvement with another, highly criticized program that provides care for brain-injured children. The Miami Herald newspaper …