INSURANCE NEWS
ONEOK, Insurers Agree to $930M Settlement Over Natural Gas Plant Explosion
Tulsa, Oklahoma-based natural gas provider ONEOK, Inc. (NYSE: OKE) announced that it has reached an agreement with its insurers to settle all claims for physical damage and business interruption related to an explosion at a natural gas plant in Medford, …
Nathan Houdek Reappointed as Wisconsin Insurance Commissioner
The Wisconsin Office of the Commissioner of Insurance (OCI) announced appointments to the agency leadership and senior management team. Governor Tony Evers has reappointed Nathan Houdek as commissioner of insurance. Commissioner Houdek has served as commissioner since January 2022, and …
Texas Fencing Contractor Fined $20K After 15-Year Old’s Death
A federal workplace safety investigation into how a 15-year-old worker tragically suffered fatal injuries while installing fencing in Guthrie has found the employer failed to follow required workplace safety standards. U.S. Department of Labor Occupational Safety and Health Administration inspectors …
U.S. Climate Disasters Racked Up $165 Billion in Damage in 2022
A massive hurricane, a historic drought, and 16 other major disasters across the US collectively racked up $165 billion in damages and killed at least 474 people in 2022, according to a National Oceanic and Atmospheric Administration analysis published Tuesday. …
The Infrastructure Crisis: As Business Losses Mount, New Demand for Utility Coverage?
When aging water pumps in Jackson, Mississippi, were shut down by floodwaters last August, knocking out water service to most of the city, companies that depend on clean water saw many of their customers and their revenue disappear overnight. And …
Judge Puts New Jersey’s Stricter Gun Carry Law on Hold
Suggesting that New Jersey’s recent concealed carry law infringes on the public’s Second Amendment rights, a federal judge on Monday put a temporary hold on the legislation drafted after the U.S. Supreme Court expanded gun rights last year. A legal …
Inszone Insurance Acquires Vaught, Wright & Bond Insurance in California
Inszone Insurance Services acquired Vaught, Wright & Bond Insurance in Placerville, California. Vaught, Wright & Bond Insurance was originally founded in 1933 by Mance Vaught. They offered bonds in addition to personal and business insurance. Over the years, Mance Vaught …
Beach Town, State of New Jersey Exchange Lawsuits in Sand Dunes Battle
NORTH WILDWOOD, N.J. (AP) — A beach town that is defying New Jersey’s order not to shore up its eroding sand dunes is suing the state for $21 million. That’s how much North Wildwood says it spent over the past …
Trial Set for Black Army Officer Suing Police Over Violent Traffic Stop in Virginia
A U.S. Army lieutenant who was pepper sprayed, struck and handcuffed by police in rural Virginia, but never arrested, will argue to a jury that he was assaulted and falsely imprisoned and that his vehicle was illegally searched. Video of …
West Texas Mayor Arrested for Insurance Fraud
San Elizario, Texas mayor Isela Reyes was arrested Tuesday for insurance fraud, the El Paso County Sheriff’s Office said. The FBI West Texas Border Corruption Task Force arrested Reyes for insurance fraud of over $2,500 and under $30,000. The offense …
Relation Acquires Napa Valley Insurance in California
Relation Insurance Services Inc. acquired the assets of Napa Valley Insurance in California. Co-owners Mike Hogin and Pam Hogin will continue running the offices as part of the Relation family of brands. Napa Valley Insurance offers a range of insurance …
Oklahoma Commissioner Mulready Begins Second Term
Oklahoma Insurance Commissioner Glen Mulready was sworn into office for his second term by Oklahoma Supreme Court Chief Justice M. John Kane, IV on the steps of the Oklahoma Capitol Building Monday, Jan. 9. Commissioner Mulready was the only statewide …