Insurance
Hurricane Beryl Death Toll Grows to At Least 36, Including Those Who Lost Power
HOUSTON (AP) — The number of Texas deaths after Hurricane Beryl came ashore and knocked out power to millions of residents climbed to at least 36 on Thursday as officials confirmed more people who died in homes that were left …
Read More Ohio Manufacturer Faces $145K in Fines After Worker Fatally Burned by Molten Metal
A Hubbard, Ohio industrial manufacturer failed to protect their employees from molten metal that was heated to more than 2,000 degrees Fahrenheit, the U.S. Department of Labor determined after its investigation into how a 30-year-old employee suffered fatal injuries. Investigators …
Read More Dozens of Catholic Priests and Nuns Accused of Child Abuse in Missouri Lawsuits
ST. LOUIS (AP) — Sixty people allege in new lawsuits filed in Missouri that they were abused as children by dozens of Catholic priests, nuns and others, and the man who now leads the Archdiocese of Omaha, Nebraska, is among …
Read More Crop Insurance Won’t Let Some Farmers Adapt to Climate Change
In Kansas, where a prolonged drought has killed crops and eroded the soil, Gail Fuller’s farm is like an oasis. Sheep, cows and chickens graze freely on crops and vegetation in a paradisiacal mess. But if Fuller’s farm were to …
Read More Abbott Loses $500 Million Infant Formula Verdict, Lawyers Say
Abbott Laboratories was ordered by a jury to pay almost $500 million over allegations that it hid the risk that its premature-infant formula can cause a potentially fatal bowel disease, according to lawyers for the mother who won the first …
Read More Defense Institute Aims to Educate, End ‘Skyrocketing’ Nuclear Verdicts
Robert Tyson believes the defense bar’s lawsuit approach is overdue for an overhaul. The U.S. Chamber of Commerce Institute for Legal Reform reported in May that nuclear verdicts are on the rise, noting that there were a record number of …
Read More Castle Key Nonrenewing 33,000 Policies as Florida Mulls Special Session on Condos
Allstate’s Florida subsidiaries are nonrenewing some 33,000 condominium unit policies over the next several months, delivering another blow for beleaguered condo owners across the state. The Palm Beach Post reported that Castle Key Indemnity and Castle Key Insurance have begun …
Read More Amazon Says Washington State Injury Case Has Been Dismissed
A case alleging that Amazon.com Inc. exposed warehouse workers to injuries has been dismissed for lack of evidence, the company said in a statement Thursday. The Washington state Department of Labor and Industries cited the e-commerce giant for setting rapid …
Read More California Commissioner Announces FAIR Plan Modernization Deal
California Insurance Commissioner Ricardo Lara said on Friday that he and the California Fair Plan have agreed to establishing a new high value commercial coverage option with limits up to $20 million per building and other steps that he said …
Read More Business Moves: NFP, Clear Group, and Strategic Risk Group Complete 4 Acquisitions
Three brokers – NFP, Clear Group, and Strategic Risk Group – each announced acquisitions during July. In reverse chronological order, the acquisitions are listed as follows: NFP, the New York-based insurance broker and Aon subsidiary, announced on July 24 that …
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