Insurance
New Zealand Searches for Missing After Cyclone; Sizable Economic Cost Expected
New Zealand is still searching for people missing in the aftermath of Cyclone Gabrielle amid fears the death toll will continue to climb. Five people are now confirmed dead after the cyclone devastated large areas of the nation’s North Island, …
Read More AIG Sees Q4 Profit Fall but General Insurance Underwriting Jumps 27%
Fourth quarter 2022 net income attributable to American International Group common shareholders fell to $264 million from about $3.7 billion the year prior, but the insurer’s general insurance business ended the year with “the strongest underwriting results the business has …
Read More Fla. Tort Bill Brings it: Limits Damages, Ends Fee Multipliers, Discloses LOPs – and More
Outside of insurance attorneys, plaintiffs’ lawyers and some doctors, few people in Florida may be familiar with what are known as letters of protection. But critics say the instruments, in which doctors agree to take a share of the judgment …
Read More Travel Insurance to Take Off as Year-End Cancellations Spook Flyers
Demand for travel insurance in the United States is set to jump this year, as more Americans turn cautious after a spike in flight cancellations and lost luggage in the last two months upended holiday plans of tens of thousands …
Read More Krause Acquires LTCI Brokerage Services in California
Krause Brokerage Services, LLC acquired USA-LTCI in California. LTCI is a brokerage firm that specializes in long-term care insurance, including employer-sponsored worksite LTCI for businesses offering LTCI as a benefit to their staff. With this acquisition, Krause now offers an …
Read More Maine Proposal Would Buy Out Farms Contaminated by PFAS Chemicals
A Maine lawmaker has proposed a bill to require the state to offer to buy out farmers whose land was contaminated by long-lasting chemicals caused by the spreading of sludge. The chemicals are PFAS chemicals, which are sometimes called “forever …
Read More Officials Urge Lead Tests for Kids of Minnesota Ammo Plant Workers
ST. PAUL, Minn. (AP) – Minnesota health officials have urged workers at the Federal Ammunition company plant in Anoka to get their children tested for lead exposure after four kids with family members who work there were found to have …
Read More Nebraska Supreme: Rental Car Customer Doesn’t Owe Avis for ‘Voluntary’ Payment
No one threatened to sue Avis Rent a Car after Roynetta McDavid’s little sister borrowed her rental car without permission and smashed it into another vehicle. But a claims handler for the company paid three people who were hurt in …
Read More Arkansas Malpractice Bill Would Restrict Trans Youth Medical Care
LITTLE ROCK, Ark. (AP) – Nearly two years after Arkansas became the first state to enact a now-blocked ban on gender-affirming care for minors, Republican lawmakers are trying to effectively reinstate the ban with a proposal Monday to make it …
Read More Missouri Cattle Processor Cited for Exposing Workers to Potentially Lethal Carbon Dioxide Levels
Lone Jack, Mo. – A federal workplace safety investigation at a Lone Jack cattle processing plant – now cited seven times by inspectors for endangering workers since March 2020 – found employees exposed to high levels of carbon dioxide. Dry …
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