» Oscar Mayer Wienermobile Rolls Over in Chicago Highway Crash
25/07/24 03:00 from Insurance Journal
OAK BROOK, Ill. (AP) — An Oscar Mayer Wienermobile got into a pickle on a Chicago highway. The hot-dog shaped Wienermobile hit a car Monday morning along Interstate 294 and its driver lost control and overcorrected, causing it to roll …
» Houston City Council Approves Plan to Increase Federal Flood Insurance Discounts
25/07/24 03:00 from Insurance Journal
Houston residents could see a greater discount on their federal flood insurance premiums as soon as next spring after the Houston City Council on Tuesday approved a watershed master plan expected to improve the city’s class rating in FEMA’s National …
» ACLU: 51 Texas School Districts Not Complying With Ban on Hairstyle Discrimination
25/07/24 02:00 from Insurance Journal
The ACLU of Texas said Wednesday it found 51 school districts in violation of the Texas CROWN Act, which bans race-based hair discrimination, and urged them to update their dress code policies. The Texas CROWN Act prohibits schools, workplaces and …
» Iowa Insurance Commissioner Appointed Receiver of Fraudulent Investment Companies
25/07/24 02:00 from Insurance Journal
The Iowa Insurance Commissioner Doug Ommen was appointed the receiver of Beckstone Partners, LLC (Beckstone), DesFined, LLC (DesFined), East King Management, LLC, and The Corporate Leasing Company, LLC to wind down the operation of the businesses and marshal the remaining …
» Ruling Paves Way to Restart Work on Exxon’s Texas LNG Plant
25/07/24 02:00 from Insurance Journal
A bankruptcy judge on Wednesday approved a settlement between the joint venture building Exxon Mobil Corp.’s $10 billion gas export project in Texas and lead contractor Zachry Holdings Inc., allowing other companies to finish work on the plant. The decision …
» Lawsuits Detail Decades of Sexual Abuse at Chicago Youth Detention Center
25/07/24 02:00 from Insurance Journal
CHICAGO (AP) — Temarkus Washington says the sexual abuse he experienced as a teenager at a troubled Chicago youth detention center still gives him nightmares. The 35-year-old spoke publicly about his experiences Tuesday, a day after joining two lawsuits collecting …
» Typhoon Gaemi Nears China After Pounding Taiwan, Philippines
25/07/24 01:40 from Insurance Journal
Typhoon Gaemi took aim at China after tearing across the Philippines and Taiwan, where it knocked out power to hundreds of thousands of homes, flooded streets and left at least 24 people dead. After passing south of densely populated Taipei, …
» Japanese Population Falls at Fastest Pace in Demographic Crisis
25/07/24 01:19 from Insurance Journal
The number of Japanese citizens fell at the fastest clip last year since data collection began in the 1960s, adding pressure on the nation’s social security system and shrinking labor market. The population of Japanese nationals dropped by more than …
» Hurricanes Get the Headlines But Inland Flooding Tops the Disaster List
25/07/24 00:00 from Insurance Journal
Floyd County keeps flooding and the federal government keeps coming to the rescue. In July 2022, at least 40 people died and 300 homes were damaged when the eastern Kentucky county flooded. It was the 13th time in 12 years …
» Senate Democrats Seek to Reverse Supreme Court Curb on Regulatory Agency Power
25/07/24 00:00 from Insurance Journal
Democratic U.S. senators on Tuesday introduced a bill designed to undo a ruling last month by the U.S. Supreme Court that curtailed the ability of federal agencies to issue regulations addressing issues including the environment, consumer protection and workers’ rights. …
» California Homeowners Sue FAIR Plan Over Smoke Damage Coverage
25/07/24 00:00 from Insurance Journal
A class action lawsuit is being brought on behalf of more than 350,000 policyholders against the California FAIR Plan over smoke damage coverage. Dylan Schaffer, an attorney representing the plaintiffs, told SiliconValley.com the idea behind the suit is to force …
» Secret Ratings Show US Regulator’s Concern on Banks’ Handling of Risks
25/07/24 00:00 from Insurance Journal
A key US regulator has privately found half of the major banks it oversees have an inadequate grasp of a broad swath of potential risks from cyber attacks to employee blunders, according to people familiar with the matter. In the …
» New Mexico Superintendent of Insurance Takes Issue with Ruling on Living Expenses
25/07/24 00:00 from Insurance Journal
A Santa Fe District Court ruling that State Farm and Casualty Co. does not have to comply with a provision of the New Mexico Superintendent of Insurance emergency order for insurers to pay $5,000 in living expenses to policyholders forced …
» AM Best Withdraws Credit Ratings for Mt. Morris Mutual Following Downgrade
24/07/24 11:54 from Insurance Journal
AM Best announced it has withdrawn credit ratings of Mt. Morris Mutual Insurance Company in Coloma, Wisconsin, less than a week after the credit rating agency downgraded the company’s ratings. AM Best said it withdrawn Mt. Morris’ ratings as the …
» People Moves: Encova Insurance Names Shaver SVP, Small Business, and Lowe VP, Package Lines Underwriting
24/07/24 11:07 from Insurance Journal
Encova Insurance, headquartered in Columbus, Ohio, named Michelle Shaver as senior vice president, small business, commercial lines, and Carrie Lowe as vice president, package lines underwriting. Shaver most recently was a small business leader for Chubb Insurance. She also previously …
» BHP Must Stop Funding Legal Action to Halt Mariana Dam Claim, London Court Rules
24/07/24 09:45 from Insurance Journal
BHP Group must stop funding legal action seeking to halt some Brazilian municipalities from bringing a multi-billion-pound claim over one of Brazil’s worst environmental disasters, London’s High Court ruled on Tuesday. More than 720,000 Brazilians, including around 50 municipalities, are …
» AGs in 14 States Want FHFA to Drop Plan to End Title Insurance Requirements
24/07/24 09:28 from Insurance Journal
Attorneys general from 14 states, most of them in the South, are urging the Federal Housing Finance Agency to back off a pilot program that would remove age-old title insurance requirements from some home loans sold to Fannie Mae. “The …
» New London-Based Specialty Reinsurer, Stability Re, Launched
24/07/24 09:28 from Insurance Journal
The Connect Group announced the launch of a London-based specialty reinsurer, Stability Re. This follows the formation in September 2023 of Stability Risk, an MGA created to allow Connect Underwriting Ltd. (a specialist reinsurance MGA) to focus on its core …
» Jewelers Mutual Acquiring Union Life & Casualty Insurance Agency in Arizona
24/07/24 09:28 from Insurance Journal
Jewelers Mutual Group acquired Union Life & Casualty Insurance Agency in Phoenix, Arizona. JM Insurance Agency Partners Inc., a Jewelers Mutual Group company, will join with UL&C. UL&C has been in the insurance business since 1965, specializing in pawn and …
» Wife of Ex-Texas Trucking Magnate Sentenced in $9M Work Comp Fraud Scheme
24/07/24 09:14 from Insurance Journal
The wife of a former San Antonio trucking magnate was sentenced this month in a multi-million-dollar fraud scheme. Frances Hall, former co-owner of Bill Hall Jr. Trucking, was sentenced for her role in a scheme to avoid $9 million in …