INSURANCE NEWS
NC Coaster Crack May Have Formed 6-10 days Before Ride Was Closed, Official Says
An ongoing investigation by North Carolina`s Department of Labor found that a large crack in the support column of a towering roller coaster had been visible for at least a week before the amusement park shut it down for repairs. …
Hub International Acquires Golden Corner Wealth Advisors in South Carolina
Hub International Ltd., a major insurance brokerage and financial services firm, has expanded its retirement consulting reach with the acquistion of Golden Corner Wealth Advisors in Seneca, South Carolina. Golden Corner, owned by Golden Green Inc., is a financial advisory …
Washington Commissioner Sends Climate Risk Disclosure Survey to Insurers
Washington Insurance Commissioner Mike Kreidler sent out his annual Climate Risk Disclosure survey, requiring insurance companies with more than $100 million in written premiums in the United States in 2022 to respond, his office announced on Friday. The survey was …
Insurers Want to Reform California Law After Farmers Says it Will Limit New Homeowners Policies in the State
The American Property Casualty Insurance Association is calling for reform to California’s primary insurance law following another large insurance carrier limiting new homeowners insurance writing in California. Effective July 3, Farmers will limit new homeowners insurance policies in California, a …
Texas Man Charged With Arson in 2018 Fire That Killed 5, Displaced 200 Others
SAN MARCOS, Texas (AP) – Officials in San Marcos, Texas, have named the man charged with intentionally starting a fire five years ago which killed five people and displaced 200 others. Jacobe De Leon O Shea Ferguson, of Austin, was …
Fire Caused by Fireworks Kills 1, Injures 4 in East Texas
GILMER, Texas (AP) __ A man was killed and four other people were hurt after officials say a fireworks accident caused a large fire during preparations for an Independence Day event in East Texas. It was one of at least …
Federal Disaster Funds Approved for North Dakota Flood Damage Following Record Snowfall
BISMARCK, N.D. (AP) – Federal disaster funding has been made available to North Dakota to deal with damages caused by major spring flooding following record snowfall. The money became available on Wednesday, when President Joe Biden approved North Dakota Gov. …
Norfolk Southern: Other Companies Should Share Blame in Fiery Ohio Derailment
OMAHA, Neb. (AP) – Norfolk Southern says the owner of the rail car that caused the fiery Ohio derailment in February failed to properly maintain it in the years before the crash, and the railroad wants to make sure that …
Wisconsin Officials Probe How Roller-Coaster Riders Became Trapped Upside For Hours
CRANDON, Wis. (AP) – State officials are investigating how eight people became trapped upside down on a roller coaster – some of them for more than three hours – at a festival in Wisconsin. The roller coaster`s cars got stuck …
Norfolk Southern Looks to Others to Share Blame in February Derailment
Norfolk Southern says the owner of the rail car that caused the fiery Ohio derailment in February failed to properly maintain it in the years before the crash, and the railroad wants to make sure that company and the owners …
Q2 Commercial P/C Rates Hold; Personal Lines Slightly Decrease: MaketScout
Like the first quarter of 2023, the composite rate for U.S. commercial property/casualty lines increased 5% in the second quarter, according to MarketScout’s Market Barometer. The Dallas-based distribution and underwriting company, a division of Novatae, said most lines of coverage …
Kentucky Public Adjusters Must Now File Template Contracts with DOI
Public adjusters in Kentucky must now file template contracts with the state Department of Insurance. House Bill 232, signed by the governor in March, took effect at the end of June. It placed new restrictions on public claims adjusters, including …