14 05, 2025

Missouri Lawsuit Filed Against Natural Gas Company Over Fatal Home Explosion

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Missouri’s attorney general sued a natural gas company Monday over the explosion of a home in a small town that killed a 5-year-old boy, accusing the utility of violating a state safety law. Attorney General Andrew Bailey’s lawsuit came less …

14 05, 2025

Business Moves: Insurtech wefox to Sell Italian Businesses to PE Firm J.C. Flowers

By | May 14th, 2025|Uncategorized|Comments Off on Business Moves: Insurtech wefox to Sell Italian Businesses to PE Firm J.C. Flowers

German Insurtech wefox has agreed to sell its Italian businesses, wefox MGA S.r.l. and wefox Services Italy S.r.l., to U.S. private equity firm J.C. Flowers & Co. Financial details of the deal were not disclosed. Founded in 2015, wefox has …

14 05, 2025

Report: California Workers’ Comp Combined Ratio Highest in 14 Years

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Written premiums in California stabilized in 2022 through 2024 after the large swings during the pandemic, while the combined ratio rose to the highest level in 14 years, a new report shows. The Workers’ Compensation Insurance Rating Bureau of California …

13 05, 2025

Court to Weigh Small Business Bid to Block Trump Tariffs

By | May 13th, 2025|Uncategorized|Comments Off on Court to Weigh Small Business Bid to Block Trump Tariffs

Five American small businesses will ask a U.S. court on Tuesday to halt President Donald Trump’s “Liberation Day” tariffs, arguing the president overstepped his authority by declaring a national emergency to impose across-the-board taxes on imports from nations that sell …

13 05, 2025

Four Hondurans Indicted in Florida on $89M Workers’ Comp, Tax Avoidance Charges

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A grand jury in Orlando last week indicted four Honduran nationals for allegedly operating an off-the-books cash payroll scheme for construction workers that defrauded workers’ compensation insurers and avoided payroll taxes. Iris Villafranca, Mario Flores, Osman Zapata, and Cristofer Oseguera …

13 05, 2025

Maine Weighs What to Do When Religion Collides With Auto Insurance

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Maine lawmakers today are expected to consider a measure that would allow followers of the Mennonite religion to self-insure for motor vehicle insurance. Rep. Steve Foster (R-Dexter) introduced the bill on behalf of his Mennonite constituents who say insurance violates …

13 05, 2025

Florida OIR Fines Centauri Specialty for Unappointed Adjusters, Other Issues

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Sarasota-based Centauri Specialty Insurance, now part of Arbol’s Lilypad Insurance Holdings, used non-appointed adjusters in the wake of Hurricane Ian in 2022 and has agreed to pay a $100,000 fine to Florida regulators. A market conduct examination by the Florida …

13 05, 2025

1 Killed, 32 Injured in Bus Vs. SUV Crash on LA Area Freeway

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One person was killed and 32 people were injured, including two critically, when a tour bus and a sport utility vehicle collided on a Los Angeles area freeway, officials said. The lone occupant of the SUV died after the vehicle …

13 05, 2025

At Least 10 Sickened in Listeria Outbreak Linked to Prepared Foods

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At least 10 people in the U.S. have been sickened in a listeria outbreak linked to ready-to-eat food products, and a producer is voluntarily recalling several products, federal officials said. The U.S. Food and Drug Administration said Saturday that federal, …

13 05, 2025

Judge Recommends Approving 17% State Farm Rate Hike in California

By | May 13th, 2025|Uncategorized|Comments Off on Judge Recommends Approving 17% State Farm Rate Hike in California

It looks like California’s largest homeowners insurer is getting a large rate increase following billions of dollars in losses from the Los Angeles wildfires and pullback on writing new policies in the state. Administrative Law Judge Karl Seligman recommended approval …