INSURANCE NEWS
Shuttered EPA Civil Rights Investigation Could’ve Brought `Meaningful Reform` in Cancer Alley, Documents Show
NEW ORLEANS (AP) – As industrial plants have overtaken historic Black communities and burdened neighborhoods with toxic air pollution, environmental advocates and residents of Louisiana’s chemical corridor have spent decades calling for change. So when the country’s top environmental regulator …
Higginbotham Acquires Ohio’s Community Insurance Group
Higginbotham has acquired Community Insurance Group, its first acquisition in Ohio. With this transaction, Higginbotham now has a presence in 16 states across the country. For over a quarter century, Community Insurance Group has cared for clients in western Ohio, …
FEMA Names Nearly 500 US Communities as ‘Resilience Zones’
Rikers Island in the Bronx, New York, made the list due to its extreme vulnerability to flooding. Lincoln, Wyoming, was selected because of its high avalanche risk. And the danger of both earthquakes and drought propelled part of Alameda, California, …
APCIA, RAA Testify Before Senate Committee on Property Insurance Market
The American Property Casualty Insurance Association (APCIA) and the Reinsurance Association of American together presented testimony in Washington today on the state of of the property insurance market. The presentation, “Perspectives on Challenges in the Property Insurance Market and the …
Public Adjusters Can’t Charge Fees Before Contract, Kentucky Commissioner Says
Kentucky’s insurance commissioner is reminding public adjusters that they are not authorized to get paid up front, before a contract with a homeowner is signed, unless approved by the commissioner. And fees are limited to 15% of insurance awards for …
Lawyers Claim Cable TV and Phone Companies Also Responsible in Hawaii Fires
After a visit to a warehouse where Hawaiian Electric Company is housing power poles and electrical equipment that may be key to the investigation of last month`s devastating fires on Maui, lawyers for Lahaina residents and business owners told a …
Lawyers Claim Cable TV and Phone Companies Also Responsible in Hawaii Fires
After a visit to a warehouse where Hawaiian Electric Company is housing power poles and electrical equipment that may be key to the investigation of last month`s devastating fires on Maui, lawyers for Lahaina residents and business owners told a …
Florida-based Bayview Launches Mortgage-Focused Insurance Asset Management
Florida-based Bayview Asset Management LLC is launching an insurance asset management arm that will seek to expand the range of investable assets available to insurers, according to a statement from the company. The new business will take in money from …
Zimmerman Nominated to Be New Jersey Insurance and Banking Commissioner
Governor Phil Murphy has nominated Justin Zimmerman as commissioner of the New Jersey Department of Banking and Insurance. Zimmerman, who has been with the state agency since 2018, currently serves as acting commissioner and will continue to serve in his …
Former NFL Standout Mike Williams on Life Support after Florida Construction Accident
Former NFL wide receiver Mike Williams was reported to be on life support at a Tampa hospital Thursday after a construction accident. Multiple news outlets reported that Williams, who played for the Tampa Bay Buccaneers and the Buffalo Bills, was …
Philips to Pay at Least $479 Million For Apnea Machine Cases
Koninklijke Philips NA officials have agreed to pay at least $479 million to resolve part of a sprawling litigation tied to a 2021 US recall of millions of machines designed to treat sleep apnea, according to people familiar with the …
People Moves: Higham to Head Everest Underwriting Partners; Kincaide Joins Jimcor
Everest Insurance® Division Names Higham Head of Everest Underwriting Partners Everest Group, Ltd. appointed Charlie Higham as senior vice president and head of Everest Underwriting Partners. He succeeds Brian Drum, who retired from Everest on Sept. 1 after 16 years …