INSURANCE NEWS
SC Bill, Passed by House, Would Let Captives Solve the Liquor Liability Squeeze
With one month left in the South Carolina legislative session, two bills designed to ease liquor liability insurance costs are evolving and moving forward. The state House of Representatives late last month voted 106-2 to approve House Bill 5066, which …
California Labor Commissioner Reaches $2M Settlement with Restaurant for 32 Workers
The California Labor Commissioner’s Office reached a $2 million settlement against Pearl B-Star Inc., DBA Lin’s Fusion for underpaying 32 workers. Pearl B-Star violated state labor laws governing recordkeeping, payroll timekeeping and cash pay without wage statements, according to the …
Driver Injured, Dog Dies After Tractor-Trailer Hits Freight Train in Maine
A tractor-trailer in Maine crashed into a freight train, causing two cars to derail and injuring the truck’s driver and his dog, which had to be put down. The crash happened shortly before 1:30 p.m. Wednesday on Route 11 in …
East Coast 4.8 Earthquake Causes Disruption But No Injuries or Sweeping Damage
An unusual East Coast earthquake shook millions of people from New York and Philadelphia skyscrapers to rural New England on Friday, causing no widespread damage but startling an area unaccustomed to temblors. The U.S. Geological Survey said over 42 million …
Texas Chemical Plant to Pay $6.6M Over Injuries From 2019 Fire
Intercontinental Terminals Company LLC (ITC) has agreed to pay over $6.6 million to federal and state natural resource trustees to resolve claims for natural resource damages resulting from a 2019 fire at ITC’s Deer Park terminal facility near Houston that …
Federal Agency Investigating Toxic Chemical Releases at 2 Louisiana Facilities
The U.S. Chemical Safety and Hazard Investigation Board (CSB) announced that the agency has launched investigations into toxic chemical releases at two facilities in Louisiana during 2023: the release of hydrogen fluoride (HF) and chlorine at the Honeywell Performance Materials …
Federal Agency Investigating Toxic Chemical Releases at 2 Louisiana Facilities
The U.S. Chemical Safety and Hazard Investigation Board (CSB) announced that the agency has launched investigations into toxic chemical releases at two facilities in Louisiana during 2023. The agency is investing the release of hydrogen fluoride (HF) and chlorine at …
Michigan Man Dies After Tire Comes Off SUV and Hits His Car
ANN ARBOR, Mich. (AP) — A driver died when a tire came off another vehicle and flew through the air and into the windshield and roof of his car, Michigan State Police said. A Dodge Journey SUV being driven by …
People Moves: Samuel Joins Alera Group as Executive Vice President of National Operations
Alera Group, headquartered in Deerfield, Illinois, appointed Kyle Samuel as executive vice president of national operations. Samuel will partner with the national practice leaders and regional managing directors to create alignment and strategic focus for Alera Group’s operational model. Samuel …
New York-New Jersey Area Shaken by 4.8 Earthquake
A 4.8 magnitude earthquake shook the New Jersey-New York area this morning at about 10:23 am, according to the United States Geological Survey. The earthquake’s epicenter was near Whitehouse Station, New Jersey. People reported feeling the shaking in Manhattan, Philadelphia …
Taiwan Property Insurers Likely to Remain Profitable Despite Quake Losses: GlobalData
The 7.2 magnitude earthquake that struck Taiwan’s east coast on April 3 caused substantial damage, particularly in Hualien with collapsed buildings and infrastructure disruptions. However, insurers are expected to weather the financial impact well, according to GlobalData, the London-based data …
Higginbotham Continues Growth Spurt with Tennessee’s Thompson & Smith
Higginbotham, the large U.S. insurance brokerage, has added another arrow to its quiver with the acquisition of Thompson & Smith Insurance, an independent agency in Jackson, Tennessee. T&S, offering commercial and personal lines, was founded in 1998 with the merger …