INSURANCE NEWS
Signers National Acquires Eclipse Risk Insurance Services in California
Signers National acquired nonprofit insurance company Eclipse Risk Insurance Services in California. Signers National also acquired the nonprofit insurance firm Whittaker Agency in Illinois. The two new businesses will be run under Lamb Insurance Services, a member company and retail …
Lamb Insurance Services Acquires Illinois-Based Whittaker
Signers National announced the acquisition of nonprofit insurance company Eclipse Risk Insurance Services and Whittaker Agency, which will be be run under Lamb Insurance Services, a member company and retail agency in the Signers National family of businesses. Whittaker is …
Texas Wire Drawing Company Faces $299K in Fines After Fatal Workplace Accident
A federal investigation has found that a San Antonio, Texas wire drawing company could have prevented an employee from suffering fatal injuries by following required workplace safety standards. Investigators with the U.S. Department of Labor’s Occupational Safety and Health Administration …
Florida Citizens Posts Info on New Flood Insurance Requirements
Citizens Property Insurance Corp., Florida’s residual but still-largest property insurer, has posted new information about when and where flood insurance is required for policyholders. The Florida Legislature last year approved Senate Bill 2A, making big changes to laws governing claims …
Biden Administration Finalizes Stricter Rules to Prevent Offshore Blowouts in Oil and Gas Drilling Rigs
NEW ORLEANS (AP) – The Biden administration on Tuesday finalized tighter rules for complex devices meant to prevent catastrophic blowouts on offshore oil and gas drilling rigs, reversing some Trump administration policies and returning to a more stringent regulatory stance …
OSHA Investigates Chemical Solvent Leak at GM-LG Battery Plant in Ohio
The U.S. workplace safety regulator said on Wednesday it was investigating a recent chemical solvent leak at an Ohio battery plant jointly owned by General Motors GM.N and South Korea’s LG Energy Solution 373220.KS. The joint venture, Ultium Cells LLC, …
South Florida Contractor Charged with Underreporting Payroll by $5.9 Million
Florida authorities this week charged a south Florida contractor with underreporting his payroll by almost $6 million, cheating his workers’ compensation insurer out of more than $350,000 in premiums. Miguel Porras, principal at Thiago’s Enterprise Construction, of Pembroke Pines, was …
Conservative Attacks on Diversity Efforts in Corporate America Keep Coming
Before the US Supreme Court did away with affirmative action in college admissions, corporate America was bracing itself for attacks on its diversity, equity and inclusion efforts. They have begun — and there will likely be more to come. This …
United Airlines in $30 Million Settlement With Quadriplegic Man’s Family
United Airlines has agreed to a $30 million settlement after a deplaning incident left a quadriplegic man in a vegetative state, court papers show. The settlement with the family of Nathaniel Foster Jr, known as N.J., was disclosed on Tuesday …
Federal Reserve Fines Alabama Bank $3M for Flood Insurance Monitoring Issues
The Federal Reserve Board has fined Regions Bank, based in Birmingham, Alabama, almost $3 million for failing to ensure that borrowers maintained flood insurance on their properties. The board did not detail the violations, but a consent order signed this …
Weather Extremes May Force More Farmers, Ranchers to Consider Costly Irrigation
The Texas ranch where Gilda Jackson trains and sells horses has been plagued by grasshoppers this year, a problem that only gets worse when the hatch quickens in times of heat and drought. Jackson watched this summer as the insects …
FEMA Has Paid Out $5.6M so far to Hawaii Wildfire Survivors
The Federal Emergency Management Agency said it has approved more than $5.6 million in assistance to nearly 2,000 households in Maui so far as the federal government tries to help survivors of the devastating wildfires. The White House and FEMA …