INSURANCE NEWS
Relation Insurance Services Acquires Oklahoma’s First Insurance
Relation Insurance Services acquired the assets of First Insurance an Affiliate of FirstBank, Inc. The transaction went into effect on April 1, 2024; terms of the transaction were not disclosed. First Insurance, based in Durant, Oklahoma, offers commercial and personal …
Nicotine-Like Chemicals in US Vapes May Be More Potent Than Nicotine, FDA Says
Nicotine alternatives used in vapes being launched in the U.S. and abroad, such as 6-methyl nicotine, may be more potent and addictive than nicotine itself, though the scientific data remains incomplete, according to the U.S. Food and Drug Administration (FDA) …
More Than 5 Million Texans Live in Flood-Prone Areas According to State Flood Plan
More than 5 million Texans, or one in six people in the state, live or work in an area susceptible to flooding, according to a draft of the state’s first-ever flood plan. The plan by the Texas Water Development Board …
Indiana-Based RV Manufacturer to Pay $95K in EEOC Disability Suit
Goshen, Indiana-based Keystone RV Company, a leading manufacturer of towable RVs, will pay $95,460 and furnish other relief to settle a disability discrimination suit filed by the U.S. Equal Employment Opportunity Commission (EEOC), the federal agency announced. According to the …
Texas Storm Leaves Thousands of Homes Without Power: Weather Watch
Across parts of Texas, and mostly in the east, 500,789 customers reportedly had outages at 4:45 am EDT, according to PowerOutage.us. On Tuesday, 1,161 flights into and around the US were canceled with the majority of those in Dallas and …
Samsung Faces Probe After Two Chip Workers Exposed to Radiation
South Korea’s nuclear safety authorities are carrying out an on-site investigation after two employees at a Samsung Electronics Co. semiconductor plant were exposed to radiation. The employees are showing abnormal symptoms on their fingers because of localized exposure, though their …
North Carolina Will Soon Have Some of the Highest Auto Liability Minimums
Starting next year, the minimum automobile liability coverage in North Carolina will jump significantly, thanks to a 2023 law that raised the minimum requirement for the first time in 25 years. Since 1999, North Carolina drivers have been required to …
Specialist Risk Group to Launch Global Motorsport Underwriting Offering
Specialist Risk Group’s managing general agent, MX, announced it will soon launch a new specialist motorsport underwriting offering, MX Motorsport. MX Motorsport will underwrite all classes of motorsport business on a global basis supported by A-rated capacity. The team at …
Insurers Must Physically Inspect to Confirm Damage Cited by Aerial Imagery
The Pennsylvania Insurance Department (PID) is reminding insurers of their obligation to conduct a physical inspection to confirm the type and extent of damage to a roof supposedly evidenced by aerial imagery. The regulatory agency said it has received consumer …
Man Accused of Starting Wildfire Near Arizona-California Border
A Yuma man has been arrested for allegedly starting a wildfire in a national wildlife preserve in southwest Arizona near the California border, according to authorities. Yuma County Sheriff’s officials said 47-year-old Jason Bradley Martin remains jailed on suspicion of …
Restaurant Workers’ Battle for Higher Minimum Wage Goes National
US restaurants grappling with high costs and penny-pinching consumers are making a tough pitch to voters: that boosting pay to millions of workers is a bad idea. At least four states are set to vote on measures to make restaurants …
Kentucky, Alabama Towns Dealing with Tornado Damage, Florida Feeling Record Heat
The latest community left with shattered homes and no power was the tiny Kentucky town of Charleston, which took a direct hit Sunday night from a tornado that the governor said appeared to be on the ground for 40 miles …