INSURANCE NEWS

World Insurance Acquires Assets of Bryant Agency in Upstate New York

Insurance broker World Insurance Associates LLC announced that it acquired substantially all the insurance assets of Bryant Asset Protection, Inc. of Slingerlands, Terms of the transaction were not disclosed. BAP was founded in 1951 by Charles Bryant, and today serves …
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Data on California Private Self-Insureds’ 2022 Workers’ Comp Claim Experience

California workers’ compensation private self-insured claim frequency rose 6% last year as both medical-only and indemnity claim volume increased, but a new report suggests that many of the claims may have been low-cost COVID-19 cases. A California Workers’ Compensation Institute …
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Construction Owners Accused of Submitting Fraudulent Bonds for New York Storm Projects

Federal officials report they have charged two construction company owners with submitting fraudulent bonds in connection with storm recovery and reconstruction projects in New York. Rawinder Dhillon and Amninder Singh allegedly defrauded the New York State Governor’s Office of Storm …
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Takeaways from Our Conversation on Carrier-Broker Relations

Insurance professionals specializing in cannabis across the nation in the last few years have gone from few and far in between to too many to count as cannabis evolves into a mature industry – and it builds a clearer claims …
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Justice Department Accuses Minneapolis Police of Systematic Discrimination After George Floyd’s Killing

MINNEAPOLIS (AP) – The Justice Department alleged Friday that Minneapolis police have systematically discriminated against Black and Native American people for years and often violated constitutional rights following a sweeping investigation that began after George Floyd was killed. The two-year …
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Microsoft Says Early June Disruptions to Outlook, Cloud Platform Were Cyberattacks

In early June, sporadic but serious service disruptions plagued Microsoft’s flagship office suite – including the Outlook email and OneDrive file-sharing apps – and cloud computing platform. A shadowy hacktivist group claimed responsibility, saying it flooded the sites with junk …
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Texas Panhandle Storm Blamed for 3 Deaths, Wrecked Mobile Homes and Main Street

PERRYTON, Texas (AP) – As Sabrina Devers watched what would turn out to be a deadly storm approach her ranch just north of the Texas Panhandle town Perryton, she first spotted golf ball-sized and then softball-sized hail. Then, Devers said, …
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Louisiana Homeowners Eligible for Roofing Retrofitting Grants

Louisiana homeowners will soon be able to apply for grants to retrofit their roofs to beyond-code construction standards, spurring discounts to their insurance premiums. State lawmakers appropriated $30 million to the Louisiana Fortify Homes Program (LFHP) in a budget bill …
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Lightning to Blame for $952M in Homeowners Claims in 2022

Claims involving lightning in 2022 resulted in homeowners insurance payouts approaching $1 billion, according to the Insurance Information Institute. The total value of claims in 2022 attributable to lightning was $952 million, down from $1.3 billion in 2021, said Triple-I. …
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Railroad Industry Sues to Block New Locomotive Pollution Rules in California

The railroad industry sued to block new environmental rules in California, arguing they would force the premature retirement of about 25,000 diesel-powered locomotives across the country long before their zero-emission counterparts are ready to take their place. Those rules are …
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Man Arrested on Suspicion of Starting California Fire That Burned 100 Homes

A 71-year-old man was arrested Friday on suspicion of starting a forest fire that destroyed more than 100 homes last year near Yosemite National Park, California fire authorities said. Edward Fredrick Wackerman, of Mariposa, was arrested on suspicion of aggravated …
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Collapsed Condo’s Pool Deck Failed to Comply with Codes, Prelim Report Says

The swimming pool deck of a beachfront South Florida condominium that collapsed two years ago, killing 98 people, failed to comply with the original building codes and standards, did not stick to the original design, and had many areas of …
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