Insurance
Map Tool Gives Grim Look at Sea Level and Flood Impact on Coastal Areas
Many of the lowest-lying coastal areas of the Southeastern United States, including some heavily populated parts of Florida, will be subject to increased annual flooding in less than 30 years, according to scenarios mapped by a climate research organization. Under …
Read More Florida Quelled Attorney Fees But WV Doctrine is Alive – With Limits
The Florida Legislature made national headlines late last year when it effectively curtailed one-way attorney fees and greatly limited plaintiffs’ fee multipliers in claims litigation. Property insurers celebrated the end to practices that they said had led to runaway legal …
Read More LAAIA Names Diaz-Padron President, Elects Other Board Members
The Latin American Association of Insurance Agents has elected new a new board of directors for the term that lasts through 2025. At its 53rd annual convention this month in Hollywood, Florida, the association named Juan Carlos Diaz-Padron, vice president …
Read More Missouri Chemical Plant Fined $393K for Safety and Health Violations
Less than two years after an investigation found dozens of serious safety and health violations at a Verona, Missouri chemical plant, workplace safety inspectors with the U.S. Department of Labor identified 16 violations, including those that put employees at risk …
Read More Black Sea Shipping Traffic Drops 35% After Russia, Ukraine Warnings
The number of ships looking to pick up grain cargoes from the Black Sea area has fallen 35% this week versus the previous week with growing uncertainty over whether commercial traffic could be hit as Russia continues to pound food …
Read More Northern Illinois Police Seize Carnival Ride After Boy Was Thrown From Ride and Seriously Injured
ANTIOCH, Ill. (AP) – Northern Illinois police have seized a carnival ride as they continue investigating a Sunday incident in which a 10-year-old boy was seriously injured when he was thrown from his seat. After the Illinois Department of Labor …
Read More Family Sues City of New Orleans After a Falling Tree Badly Injures Teen
NEW ORLEANS (AP) _– New Orleans is being sued by the family of a teenager crushed by a massive tree limb in a historic French Quarter park. The 17-year-old is still in the intensive care unit, the family`s attorney said …
Read More Louisiana Commissioner Directs Insurers to Talk to Policyholders as Hurricane Ida Claims Deadline Looms
A day after the Louisiana Supreme Court announced that it is lifting a stay on hurricane-damage lawsuits filed by McClenny Moseley & Associates, state Insurance Commissioner James Donelon on Thursday issued a directive warning insurers not to use a letter …
Read More Specialty P/C Insurers Outperform Their U.S. Peers: Report
U.S. property/casualty insurers that focused on difficult to place risks distanced themselves from their peers in key metrics measuring earnings, underwriting profitability, balance sheet growth and other indicators of success, according to S&P Global Market Intelligence. Kinsale Insurance Co., the …
Read More Florida Insurers Have Until Aug. 1 to Show They Have Proper Claims Manuals, OIR Says
Florida property insurers now have a week to attest that they have and use claims-handling manuals that reflect industry practices and standards, the state Office of Insurance Regulation said in a bulletin. By Aug. 1, insurance carriers must submit a …
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