Insurance
Homeowners Suing AAA Insurers and USAA over LA Wildfires
A group of homeowners who lost their homes in the Los Angeles wildfires filed lawsuits against three large insurers over claims payouts they say didn’t cover their losses. The lawsuits were filed in Los Angeles County Superior Court this week. …
Read More Texas Lawmakers Reined in Recreational THC for More Medical Marijuana
Texas lawmakers this year heavily focused their drug policy agenda on banning tetrahydrocannabinol, or THC, products in the state. Senate Bill 3, which prohibits the possession of consumable hemp products that contain any synthetic cannabinoid, often known as delta-8, was …
Read More Scientists Take on Severe Storms to Study Hail, Costliest Weather Danger
As severe storms once again soak, twist and pelt the nation’s midsection, a team of dozens of scientists is driving into them to study one of the nation’s costliest but least-appreciated weather dangers: Hail. Hail rarely kills, but it hammers …
Read More Mattel Settles Baby Sleeper Death Suits Before Start of a Trial
Mattel Inc. and its Fisher-Price unit have settled lawsuits alleging their recalled Rock ‘n Play baby sleeper was so defectively designed that it led to the deaths of infants. The agreement, disclosed in a Delaware court filing last week, resolves …
Read More Storm Damage Costs Are Often a Mystery. That’s a Problem for Understanding Risk
On Jan. 5, 2025, at about 2:35 in the afternoon, the first severe hailstorm of the season dropped quarter-size hail in Chatham, Mississippi. According to the federal storm events database, there were no injuries, but it caused $10,000 in property …
Read More Minnesota Culver’s Franchise Settles Harassment Case for $261K
R & G Endeavors, Inc., a fast-food franchisee doing business as Culver’s Restaurants of Cottage Grove, will pay $261,000 and furnish other relief to settle two cases brought by the U.S. Equal Employment Opportunity Commission (EEOC), one involving race, sex …
Read More Extended Deadline: Be Recognized as an Independent Agency Leader
Need a bit more time to enter? Good news – the extended deadline to submit for Insurance Journal’s Top 100 Agencies and Top Agency Partnerships ranking is now June 10! We hope that you will consider entering your firm for …
Read More Billion-Dollar Carolina Battery Plant Pauses Construction Amid Tariff Uncertainty
A Japanese company has halted construction on a $1.6 billion factory in South Carolina to help make batteries for electric BMWs, citing “policy and market uncertainty.” While AESC didn’t specify what those problems are, South Carolina’s Republican governor said the …
Read More Credit Suisse, SoftBank Fight Over Greensill Losses in $440 Million London Lawsuit
Credit Suisse’s $440 million London lawsuit against Japan’s SoftBank Group Corp. kicked off on Thursday over losses linked to Greensill Capital, with the collapsed finance firm’s founder Lex Greensill expected to give evidence next week. The case, which centers on …
Read More New Zealand All Blacks Rugby Team Agrees Sponsorship Deal With Broker Gallagher
New Zealand Rugby agreed a sponsorship deal with Gallagher insurance that will give the US-based insurance brokerage naming rights on the playing kit of the All Blacks rugby team. Gallagher’s brand will appear on training and match-day shorts of the …
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