INSURANCE NEWS
$7.8M Court Order Blocks Ghost Gun Retailer From Selling Certain Parts in New York
A federal judge on Wednesday permanently banned a Florida gun retailer from selling or delivering certain gun parts in New York that officials say can be used to assemble untraceable ghost guns and sold without background checks. The court order …
Pacificorp Ordered to Pay Oregon Wildfire Victims Another $42M
A jury in Oregon has ordered PacifiCorp to pay more than $42 million to 10 victims of devastating wildfires on Labor Day 2020 — the latest verdict in litigation that is expected to see the electric utility on the hook …
OSHA Seeks $551K Penalty for Frozen Food Manufacturer After Worker’s Amputation
A Robbinsville, New Jersey frozen food manufacturer with a history of violating federal safety and health standards was cited again by the Occupational Safety and Health Administration (OSHA), after a worker suffered an amputation last August. The agency determined the …
Connecticut State University Dormitory Fire Displaces 60 Students
A dormitory fire Monday at Central Connecticut State University is forcing 60 students into temporary housing, the university said. The started around 6 p.m. on the first floor of F. Don James Hall, the university said. Sprinklers helped prevent flames …
Cannabis Sales Outlook Promising for Insuring Cannabis Specialists
A new report shows global legal cannabis spending grew to $36 billion in 2023, and more importantly, that languishing sales in longer-legal states may soon start to swing back up – two big, encouraging signs for insuring cannabis specialists. BDSA, …
Xcel Energy Acknowledges Role in Texas Panhandle Wildfire
Xcel Energy on Thursday acknowledged its involvement in the Smokehouse Creek Fire, which started last week and quickly became the largest wildfire in state history, burning more than 1 million acres. “Based on currently available information, Xcel Energy acknowledges that …
Explosion at Michigan Vaping Supply Distributor Kills One
CLINTON TOWNSHIP, Mich. (AP) — A large fire followed by multiple explosions at a building in suburban Detroit killed one person and injured a firefighter. A look at what we know about the site, including investigators’ questions surrounding the vaping …
Brown & Brown’s Lonmar Acquires Renewal Rights for Bloodstock Portfolio
Lonmar Global Risks, part of Bridge Specialty International, Brown & Brown Inc.’s International Wholesale and Specialty division, has acquired the renewal rights for a bloodstock portfolio from Norwich, England-based St. Benedicts Ltd. Financial details of the transaction were not disclosed. …
North Risk Partners Acquires South Dakota’s McKinneyOlson
North Risk Partners, one of the largest independent insurance brokers and risk advisory firms in the Midwest, has acquired McKinneyOlson Insurance in Sioux Falls, South Dakota, effective February 1. With this new partnership, 26 McKinneyOlson team members have joined North …
Wisconsin Flooring Manufacturer Faces $269K Fine for Repeat Violations
A Wisconsin hardwood flooring manufacturer continues to ignore federal safety and health regulations and expose workers to multiple hazards at its Laona mill, federal inspectors found. Inspectors with the U.S. Department of Labor’s Occupational Safety and Health Administration conducted an …
Three More Women Join Crispen Odey Sexual Misconduct Suit
Three more women have asked to join a sexual misconduct lawsuit against hedge fund manager Crispin Odey and his eponymous former firm. The alleged victims of sexual harassment by Odey applied at a London court to join two others who …
Markets/Coverages: Mosaic Launches Primary Tech E&O Cover With Capacity of $15M
Mosaic Insurance’s cyber division has launched primary technology errors and omissions (E&O) coverage to protect tech companies from increasing liability risks. The launch builds on Mosaic’s primary cyber offering initiated last spring and activates primary Tech E&O as a blended …