INSURANCE NEWS
RMS, Verisk Weigh in With Insured-Loss Estimates in Low Billions of Dollars From Idalia
Moody’s RMS and Verisk on Monday each released insured loss estimates for Hurricane Idalia. RMS estimated total private market insured losses from Idalia to be between $3 billion and $5 billion, with a best estimate of $3.5 billion. Verisk meanwhile …
Florida Residents Worry About More Burglaries After Looters Post-Storm
HORSESHOE BEACH, Fla. (AP) — Two people were charged with looting a home damaged by Hurricane Idalia in Florida`s Big Bend region, as residents` concerns grew that burglars could be tempted to hit other hurricane-ravaged homes since law enforcement is …
Florida Regulators Remind Insurers to Take Care of Insureds as Claims Come in
The property insurance industry breathed a sigh of relief after Hurricane Idalia landed in a less-populated part of the coast, but regulators have signaled a need to make sure that claims from the area, now topping 10,000, are taken care …
Delaware Police to Pay $50K to Man They Blocked From Warning of Speed Trap
Delaware State Police have agreed to pay $50,000 to resolve a federal lawsuit filed by a man who said troopers violated his constitutional rights by preventing him from warning motorists about a speed trap. A judgment was entered Friday in …
People Moves: Caro Joins Alliant Insurance Services as VP; LUBA Workers’ Comp Hires McCrary
Caro Joins Alliant Insurance Services as VP John Caro has joined Alliant Insurance Services as vice president in its Alliant Americas division. Caro is based in Lafayette, La. Alliant is headquartered in Irvine, Calif. Caro has over 30 years of …
People Moves: Kleinhenz Retires, Wells is Promoted at Celina Insurance Group
Kleinhenz Retires, Wells is Promoted at Celina Insurance Group Mike Kleinhenz is retiring as senior vice president, chief financial officer and treasurer at Celina Insurance Group. Celina is headquartered in Celina, Ohio. Kleinhenz’s career at Celina began in 1987 as …
Louisiana Department of Insurance Opens Second Round of Incentive Program
The Louisiana Department of Insurance (LDI) has opened the second round of the Insure Louisiana Incentive Program, which is designed to offer grants to insurers that write new policies in the state. The application period began Sept. 1 and goes …
Brightway, The Herron Family Agency to Open in Texas
VeinTwain Herron, a Texas commercial real estate specialist, will open Brightway, The Herron Family Agency in Cedar Park this month. The agency offers customized Home, Flood, Auto, Boat, Condo, Renters, Personal Articles, RV, Motorcycle, Umbrella, Commercial and Life insurance. “Opening …
Michigan Natural Foods Company to Pay $182K Over Sex Discrimination Suit
Eden Foods, Inc, a natural foods company based in Clinton, Michigan, will pay more than $182,500 to settle a sex discrimination lawsuit filed by the U.S. Equal Employment Opportunity Commission (EEOC) to obtain relief for former employees. According to the …
Kansas Police Chief Faces Lawsuit Over Alleged Seizure of Reporter’s Cellphone During Newspaper Raid
One of the reporters who works at the small Kansas newspaper that was raided by authorities earlier this month filed a federal lawsuit against the police chief Wednesday. Deb Gruver believes Marion Police Chief Gideon Cody violated her constitutional rights …
No Injuries Reported in Train Derailment, Partial Rail Bridge Collapse in South Dakota
NORTH SIOUX CITY, S.D. (AP) – No injuries or hazardous spills have been reported in a train derailment in a southeastern South Dakota town that also saw a rail bridge partially collapse. The derailment happened shortly before 4 p.m. Wednesday …
Tampa Bay Gets Flooding But Again Dodges Direct Hit. Protected by Native Spirits?
Last year it was Hurricane Ian that drew a bead on Tampa Bay before abruptly shifting east to strike southwest Florida more than 130 miles away. This time it was Hurricane Idalia, which caused some serious flooding as it sideswiped …