Insurance

Firefighters gained ground Monday against a large wildfire and three smaller blazes in the torrid interior of Southern California. The Rabbit Fire grew slightly overnight to more than 12 square miles but containment jumped to 35%, according to the Riverside …

The United States has finalized a settlement agreement with IM Baton Rouge OPCO, LLC, owner and manager of the Residence Inn by Marriott Baton Rouge Towne Center Cedar Lodge (the “Marriott Towne Center”), to resolve civil claims under Title III …

AM Best has placed under review with negative implications the Financial Strength Rating (FSR) of A- (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a-” (Excellent) of GuideOne Insurance Company and its wholly owned subsidiaries collectively referred to …

SANDUSKY, Ohio (AP) – A Michigan woman struck in the head by a metal bracket that fell off a roller coaster at an Ohio amusement park has sued the park and its parent company, alleging their negligence caused the accident …

A CROSSE, Wis. (AP) – Residents of an island polluted with PFAS chemicals have filed claims demanding more than $40 million from a western Wisconsin city they say is responsible for the contamination. As of June 2021, more than 500 …

PLAQUEMINE, La. (AP) __ A fire at a Louisiana chemical plant triggered explosions that shook homes several miles away and sent flames and smoke billowing into the air, prompting emergency officials to urge a few hundred nearby residents to shelter …

An erupting volcano in Alaska’s Aleutian Islands sent a towering cloud of ash into the air Friday, prompting the National Weather Service to issue an inflight warning to pilots. The Shishaldin Volcano began erupting July 11, according to the Alaska …

Systemic shocks related to the recent pandemic, the war in Ukraine, natural catastrophe losses and elevated inflation have raised questions about reserve adequacy for property/casualty insurers, according to a Swiss Re report. These recent shocks have pushed up claims and …

Berkshire Hathaway Inc.’s PacifiCorp was sued by Oregon wineries claiming that smoke from wildfires ignited by the utility’s equipment in 2020 destroyed their grape harvests, resulting in tens of millions of dollars in damages and lost wine sales. The lawsuits …

The Auto Club Insurance Company (AAA) of Florida has announced that it will not renew a “very small percentage” of auto and home insurance package policies in Florida. But, the insurer stressed, it is not leaving the state — it’s …