Insurance
USDA Offers Disaster Assistance to Agricultural Producers Impacted by Recent Storms
The U.S. Department of Agriculture (USDA) is responding to the agricultural devastation caused by tornadoes and flooding in the Midwest. On May 24, Farm Service Agency (FSA) Administrator Zach Ducheneaux signed an Administrator’s Physical Loss Notification (APLN), making 29 counties …
Read More Florida OIR Posts 2024 Catastrophe Claims Reporting Form
The Florida Office of Insurance Regulation has posted a new reporting form for catastrophe claims data for the 2024 hurricane season. Florida law requires property insurers to report a wide range of information after storms. The form standardizes the data …
Read More Insurers Expect Major Loss Event From Floods in Southern Germany
Insurers are preparing for an above-average loss event as a result of floods hitting in southern Germany. “The pictures from Bavaria and Baden-Württemberg foreshadow the worst. Our companies are already receiving many claims reports,” according to Jörg Asmussen, managing director …
Read More Orchestrator of $60 Million New York Auto Insurance Fraud Gets 10 Years in Prison
A New Jersey man who orchestrated a 13-year long, $60 million no-fault automobile insurance scam in New York has been sentenced to 10 years in prison. Bradley Pierre was sentenced by U.S. District Judge Paul G. Gardephe for conspiracy to …
Read More J&J Must Pay $260 Million in Latest Talc Trial
Johnson & Johnson must pay $260 million to an Oregon woman who said she got mesothelioma, a deadly cancer linked to asbestos exposure, from inhaling the company’s talc powder, a jury found on Monday. The verdict in the 4th Judicial …
Read More US Farmers Opt for Soy to Limit Losses as All Crop Prices Slump
Mark Tuttle planted more soy and less corn on his northern Illinois farm this spring as prices for both crops hover near three-year lows and soybeans’ lower production costs offered him the best chance of turning a profit in the …
Read More Gang Member Who Led Violent Takeover of New York Fire Restoration Industry Sentenced
A gang leader who recruited other gang members and used violence, threats of violence, and extortion to take over the fire restoration business in New York City and defraud insurance companies has been sentenced to 12 years in prison. Jatiek …
Read More Broker Verlingue Launches Dedicated Construction Practice in UK
Chartered insurance broker Verlingue Ltd. has established a new dedicated construction practice to serve the UK’s fast-growing construction industry. The practice, led by Harvey Monk, sales director South, brings together a team of specialists from across Verlingue in one streamlined …
Read More Regulators Raid Toyota Offices Over Safety Scandal, Sending Stock Down
Toyota Motor Corp. and other carmakers embroiled in a fresh certification scandal halted shipments of a handful of models and saw their offices raided by government officials, but the impact on their customers and operations appears to be limited. Honda …
Read More Increased NFIP Discounts Coming to East Baton Rouge
In Louisiana, East Baton Rouge Parish residents and business owners will be eligible for an increased discount on their flood insurance premiums this fall. According to a press release from the City of Baton Rouge, beginning Oct. 1, homeowners and …
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