Insurance
Texas Home Manufacturers to Pay $135K to Settle Race Discrimination Suit
Cavco Industries, Inc.; Palm Harbor Homes, Inc.; and Palm Harbor Villages, Inc., which manufacture and sell manufactured homes in Waco, Texas, will pay $135,000 to settle a race discrimination lawsuit filed by the U.S. Equal Employment Opportunity Commission (EEOC), the …
Read More Kanguro Adds Renters Insurance in Texas
Kanguro Insurance, known for its AI-driven pet health insurance plans, has announced its expansion into renters insurance, starting with the Texas market. The company is actively seeking partnerships with insurance agencies and property managers while offering a streamlined tech-forward product …
Read More Maryland Asks Insurers to Accommodate Those Hurt by Baltimore Bridge Collapse
Maryland’s insurance regulator is asking insurance companies to do what they can to make sure that individuals and businesses hurt by the Baltimore bridge collapse tragedy do not lose coverage due to non-payment of premium. The Maryland Insurance Administration (MIA) …
Read More People Moves: Hooda Appointed to Alera Board of Directors; Powers Hires Blankenship
Hooda Appointed to Alera Group’s Board of Directors Alera Group, headquartered in Deerfield, Illinois, appointed Sheila Hooda to the company’s Board of Directors. Hooda has over 30 years of global leadership experience. She is also the CEO of Alpha Advisory …
Read More Maryland Launches Programs to Help Port of Baltimore Businesses and Workers
Maryland Gov. Wes Moore announced last Friday the start of a program to help Port of Baltimore businesses retain employees in the aftermath of the Francis Scott Key Bridge collapse. The $12.5 million program aims to prevent layoffs while recovery …
Read More Zurich, Penn, Others Ordered to Pay $345M to Cover Abuse Charges at Ga. School
Five insurance companies have been ordered to pay $345 million to cover damages awarded to 20 men who said they were victims of sexual abuse at a prestigious boarding school in Georgia in the 1970s and 1980s. Floyd County Superior …
Read More Maui Fire Officials Defend Response to Deadly Lahaina Blaze
Maui Fire Department officials defended their initial response to what became the deadliest fire in Hawaii history, saying they stayed at the scene of the Aug. 8 blaze until it was fully extinguished. The officials commented at a press conference …
Read More Travelers CEO on Q1 Results: ‘We’re Firing On All Cylinders’ With Net Income Up 16%
The Travelers Companies, Inc. today reported first quarter net income of $1.123 billion, up 16% compared to $975 million in the prior year quarter. Core income in the current quarter was up 14% to $1.096 billion, compared to $970 million …
Read More Rupture on TC Energy’s NGTL Gas Pipeline Sparks Wildfire in Alberta
A section of TC Energy’s NGTL gas pipeline system in Alberta ruptured and caught fire on Tuesday, sparking a wildfire in a remote area, the company said. “An initial ignition of natural gas at the rupture site is now extinguished. …
Read More Time-Tested Loss Reserving Methods Challenged: AM Best
Reflecting on one of the trends that surfaced as property/casualty insurers announced 2023 financial results recently, AM Best expects reserve strengthening for accident years 2015-2019 to continue, the rating agency said in a new report. As companies “finished reporting their …
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