Insurance
Inszone Expands in Texas With Acquisition of Speck Insurance
Inszone Insurance Services, a national provider of benefits, personal, and commercial lines insurance, announced the acquisition of Speck Insurance and Financial Services. Terms were not disclosed. The acquisition includes all operations of Speck Insurance and Financial Services, a personal and …
Read More NC DOI Arrives at 4.5% Increase in Auto Rates for Next Two Years, 9.9% on Dwelling
North Carolina’s insurance commissioner has negotiated a smaller increase on auto insurance rates than the state’s rating agency had requested. The North Carolina Rate Bureau in February requested an average increase of 28.4% for private passenger auto insurance and a …
Read More Michigan’s CMS Energy to Explore Sale of 13 Hydroelectric Dams
CMS Energy Corp’s unit Consumers Energy said on Wednesday it will explore the sale of its 13 hydroelectric dams, as the energy provider looks to minimize the cost burden on customers. The utility service provides natural gas and electricity to …
Read More Wall Street WhatsApp, Texting Fines Exceed $2.5 Billion
Wells Fargo & Co. and BNP Paribas SA are among firms that will pay hundreds of millions of dollars in penalties for employees using unofficial communications like WhatsApp, personal texts or email to conduct business — the latest in US …
Read More Delaware’s Navarro Warns Producers Not to Blame DOI for Higher Premiums
The Delaware Department of Insurance is not forcing insurers to raise premiums, and anyone who says otherwise could lose their license and face fines of $10,000, the department warned in a bulletin this week. “The department continues to regularly receive …
Read More Biden’s Carbon Proposal is Unworkable, Power Sector Warns
U.S. power plant owners warned the Biden administration on Tuesday that its sweeping plan to slash carbon emissions from the electricity sector is unworkable, relying too heavily on costly technologies that are not yet proven at scale. Top utility trade …
Read More Divers Find 32 Cars Submerged in Lake Near Miami
Divers working missing persons’ cold cases have found 32 cars submerged in a lake near Miami, prompting questions about the vehicles’ connection to crimes. Multiple news outlets reported that the cars were found in murky lake in Doral, near the …
Read More TWIA Board Votes Down Recommended Rate Increases
Though an analysis found rates at Texas’ insurer of last resort to be about 20% inadequate, its board on Tuesday did not come to an agreement to file for any rate increases. The board of the Texas Windstorm Insurance Association …
Read More Bursting Ice Dam in Alaska Highlights Risks of Glacial Flooding
The gray, two-story home with white trim toppled and slid, crashing into the river below as rushing waters carried off a bobbing chunk of its roof. Next door, a condo building teetered on the edge of the bank, its foundation …
Read More Trial Begins for Security Guard Who Shot Man in Shootout at Nashville Restaurant
A security guard charged with second-degree murder over a 2018 fatal shooting outside the Nashville restaurant where he was working headed to trial Monday, a case that hinges on whether he was justified to fire at a man involved in …
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