Insurance
AM Best Assigns Issue Credit Rating to Church Mutual’s Surplus Notes
AM Best said it has assigned and placed under review with negative implications a Long-Term Issue Credit Rating of bbb+ (Good) to the $40 million, 9.5% surplus notes due 2044 issued by Church Mutual Insurance Company, S.I. Additionally, AM Best …
Read More US Justice Department Accuses RealPage of Driving Up Rents
The U.S. Department of Justice and eight states sued RealPage on Friday, accusing the property management software company of using algorithms to help landlords illegally collude and drive up rents for apartments. The lawsuit filed in North Carolina accuses Dallas, …
Read More Scientists at Iowa Research Facility Race to Halt Spread of Bird Flu
AMES, Iowa (AP) — At first glance, it looks like an unassuming farm. Cows are scattered across fenced-in fields. A milking barn sits in the distance with a tractor parked alongside. But the people who work there are not farmers, …
Read More Judge: EPA Can’t Use Civil Rights Act to Fight Industrial Pollution in Louisiana
A federal judge has weakened the Biden administration’s effort to use a historic civil rights law to fight industrial pollution alleged to have taken a heavier toll on minority communities in Louisiana. U.S. District Judge James David Cain of Lake …
Read More Alabama High School Football Player Dies From Brain Injury in Season Opener
A high school football player in Alabama died after he suffered a brain injury in a Friday night game, according to multiple news reports. Caden Tellier, whose mom once held an Alabama insurance producer license, played quarterback for Morgan Academy …
Read More Halliburton Probes Impact of Cyberattack With Law Enforcement
Top U.S. oilfield services firm Halliburton said on Friday it was working with law enforcement to determine the extent of a computer systems breach and was yet to determine if the incident would have a material impact on its business. …
Read More New Jersey Raises Workers’ Compensation Attorney Fee Cap to 25%
New Jersey has raised the cap on fees for attorneys handling workers’ compensation cases from 20% to 25% of settlements. The primary sponsors of S2822/A3986 were Senator Joseph Lagana and Assemblymen Anthony Verrelli and Robert Karabinchak. The measure passed the …
Read More Hawaiian Electric Raises Going Concern Doubts on Uncertainties Over Wildfire Settlement Financing
Utility firm Hawaiian Electric raised going concern doubts on Friday after disclosing that it did not have a financing plan in place for the $1.99 billion Maui wildfire settlement it reached earlier this month. The company and its parent Hawaiian …
Read More Conflicting Federal Policies May Cost Residents Near Dams More on Flood Insurance
Conflicting federal policies may force thousands of residents in flood-prone areas to pay more for flood insurance or be left unaware of danger posed by dams built upstream from their homes and worksites, according to an Associated Press review of …
Read More Overweight Dump Truck Left Hole in Covered Bridge When It Crashed Into River
The driver of a dump truck learned the hard way that it’s best not to tempt fate on a covered bridge originally built before the Civil War. The loaded vehicle crashed into the Presumpscot River on Friday afternoon, leaving a …
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