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INSURANCE NEWS
Oklahoma Landlord to Pay $52K for Violating Fair Housing Act
The Justice Department announced that the owners of a residential rental property in Oklahoma City have agreed to pay $52,500 to resolve a lawsuit alleging that they refused to rent a one-bedroom apartment to a single mother upon learning that …
Michigan, Ohio Gas Prices Spike Further Amid Refinery Breakdown
Gas prices in two Midwestern battleground states saw further hikes on Thursday as the region’s market grapples with a refinery issue in Illinois. In Michigan, prices rose to $4.74 a gallon on Thursday, up from $4.59 a gallon on Wednesday, …
Insurer Doesn’t Get a Mulligan in $12M Georgia Solar Farm Claim, Appeals Court Says
Zurich American does not get to reclassify a loss as one with a much higher deductible after it had already paid part of the claim, a federal appeals court said in a case involving rain damage to a massive solar …
AM Best Revises Outlook to Stable for Ohio Mutual Insurance Group’s Members
AM Best has revised the outlook to stable from negative for the Long-Term Issuer Credit Ratings (Long-Term ICR) and affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term ICRs of “a+” (Excellent) for the members of Ohio …
Phoenix Hit by Hail and Strong Winds, Damaging Vehicles Across Valley
Arizona is not usually known as a hot spot for severe weather, but this week the state experienced hail, flooding and even a rare tornado. A severe storm on Wednesday produced hail the size of golf balls in metro Phoenix, …
TCEQ Shuts Down Online Permit Filing System After Data Center Controversy
The Texas Commission on Environmental Quality has shut down its automated electronic filing system after watchdog groups said the agency violated a directive from Gov. Greg Abbott and issued multiple stormwater permits related to data center construction. The agency said …
Markets/Coverages: Allianz UK Enhances Renewable Energy Cover, With Multi-Tech Offer
Allianz UK has enhanced its renewable energy proposition and introduced simplified operational wording for customers with multiple technologies at the same site. The proposition covers onshore wind, ground-mounted solar and hydro, biomass, and anaerobic digestion, alongside battery energy storage systems …
FEMA Launches Online Purchasing for Flood Insurance Policies
The Federal Emergency Management Agency said it has launched a new tool for residents to buy flood insurance through the National Flood Insurance Program. Available, at floodsmart.gov, the online option is available to residents living in the almost 22,700 NFIP …
Georgia Amusement Park Reopened After Ride Death but Coaster Still Closed
Six Flags Over Georgia opened its gates last week for the first time since a man fell to his death from one of the amusement park’s towering roller coasters. A steady trickle of vehicles drove into the park, some of …
Fire Forces Evacuation of Miss. Senior Living Center and Destroys Much of Building
A fire tore through a Mississippi senior living center Wednesday, forcing the evacuation of its residents and destroying much of the building that was home to more than 100 people. There were no confirmed casualties, but authorities searched the site …
Trump Signs Executive Order Aimed at Taming Housing Costs
President Donald Trump on Thursday signed an executive order aimed at bringing down housing costs in a bid to show that his administration is addressing voters’ affordability concerns in the final sprint to the midterm elections. The order would direct …
Russia-Linked Hackers Used Decentralized Network in Ukraine Cyberattack: ESET
Russia-linked hackers used the volunteer-run Yggdrasil network to conceal communications during an attack on a Ukrainian grain logistics company, marking the first documented use of the technology by a state-linked hacking group, cybersecurity firm ESET said on Thursday. The attack …
