INSURANCE NEWS
Viewpoint: Optimizing Agency Relationships; A Data-Driven Approach to Premium Growth
Reported demise of the independent insurance agency as a sales and distribution channel have been greatly exaggerated. Over the course of a decade or more of predictions about the growth of the direct-to-consumer models, independent agents continue to thrive and …
U.S. Personal Auto Results Headed the Wrong Way. Is a U-Turn Possible?
Although the pandemic may appear more distant in the rearview mirror, its lasting impact on the personal auto insurance industry may be larger than initially expected. Private passenger automobile insurance is the largest segment of the U.S. property/casualty insurance industry, …
EPA to Propose New Vehicle Pollution Cuts, Sees Big EV Jump
The U.S. Environmental Protection Agency is set to propose new rules to spur sweeping cuts in vehicle emissions pollution that will push automakers towards a big increase in electric vehicle sales, sources told Reuters. The proposed rules are expected to …
Lawsuit, Adjuster Say UPC Altered Louisiana Estimate After Hurricane Ida
The practice of insurance companies revising independent adjusters’ damage reports may be as widespread in Louisiana as it is in Florida, according to adjusters and a plaintiffs’ attorney who has filed a lawsuit over it. “They changed my estimate completely. …
Victims Question If Baltimore Church Sex Abuse Report Is Complete
While the Catholic Archdiocese of Baltimore has long touted its transparency in publishing the names of clergy credibly accused of sexual abuse, a report released this week by the Maryland attorney general’s office raises questions about whether the church’s list …
Connecticut Woman Shot by Officer Receives $1.1 Million Settlement
HAMDEN, Conn. (AP) – A Connecticut woman who was seriously injured when a police officer opened fire on her and her boyfriend as they sat in a car unarmed has settled a lawsuit over the shooting for about $1.1 million. …
Wright Flood Expands Private Flood Insurance Offering in Illinois
Wright National Flood Insurance Services has announced its entrance into Illinois by introducing an admitted, stand-alone private flood insurance product as the next state in the continued expansion of the company’s ResiFlood program. Wright Residential Private Flood Insurance can be …
People Moves: Skyward Specialty Promotes New VPs in Captives and Programs Divisions
Skyward Specialty Promotes New VPs in Captives and Programs Divisions Skyward Specialty Insurance Group Inc. has made two promotions in its captives and programs divisions. Ryan Burke has been promoted to vice president, specialty programs. Burke joined Houston, Texas-based Skyward …
Patriot Growth Acquires Petschauer Insurance of New York
National, insurance network Patriot Growth Insurance Services has added Petschauer Insurance to its organization. Based in Garden City, New York, Petschauer offers property/casualty, employee benefits, life and disability insurance and risk management services for businesses and individuals.. With an agency …
DOJ Tentatively Settles Suit Over 2017 Texas Church Shooting
AUSTIN, Texas (AP) – The Justice Department said Wednesday it has tentatively settled a lawsuit over the 2017 mass shooting at a Texas church that will pay victims and their families more than $144 million. More than two dozen people …
Louisiana Challenge to Biden ‘Cost of Carbon’ Policy Dismissed
NEW ORLEANS (AP) – A lawsuit that Louisiana and other Republican-leaning states filed challenging figures the Biden administration uses to calculate damages from greenhouse gasses was dismissed Wednesday by a federal appeals court. The unanimous decision by three judges on …
Two Contractors to Pay $1.24 Million to Resolve Fraud in Whittier Bridge/I-95 Project
Walsh Construction Co. and Melo’s Rodbusters, Inc. have agreed to pay $1.24 million collectively to resolve False Claims Act allegations that they participated in a fraudulent scheme to take advantage of the federal Disadvantaged Business Enterprise (DBE) program in connection …