INSURANCE NEWS
Lender, Builder to Settle Wetlands Lawsuit over St. Simons Island in Georgia
A construction company and mortgage lender accused of damaging wetlands on a famous Georgia island have agreed to settle a federal lawsuit brought by landowners. The site of the controversy is on picturesque St. Simon’s Island, which gained attention when …
Man Burned at Minnesota Brewery to Receive $56 Million
A St. Paul man who was severely scalded by hot water while working at a local brewery is due to receive $56 million in damages and interest after filing a lawsuit six years ago. A Ramsey County jury awarded DeWarren …
State Agency to Assess Flood Damage in 3 SE Indiana Counties
Officials in three southeastern Indiana counties have declared local disasters following flash flooding last weekend that killed one woman and damaged numerous homes and roads. Staffers with the Indiana Department of Homeland Security will now visit Ohio, Jefferson and Switzerland …
Investigators: Pilot Error, Overloading Caused Michigan Plane Crash That Killed 5
Federal investigators blame pilot error and an overloaded aircraft for a 2019 plane crash near a Michigan airport that killed five Indiana men and seriously injured a sixth person aboard. The National Transportation Safety Board said in its final report …
Texas, the Netherlands Form Partnership Against Flooding
A visit to Houston last week by the Dutch queen highlighted a long friendship between Texas and the Netherlands that grew from their fight against a mutual enemy: flooding. While meeting with Houston’s mayor, Queen Maxima learned how the Netherlands …
Conner Strong & Buckelew Acquires Pennsylvania’s Armstrong, Doyle & Carroll
Camden, New Jersey-based insurance brokerage Conner Strong & Buckelew has acquired Wayne, Pennsylvania-based brokerage firm, Armstrong, Doyle & Carroll. In business since the 1950s, Armstrong, Doyle & Carroll is a privately held firm specializing in managing national and local benefit …
People Moves: Liberty Names Keith Binkley Executive Vice President; Alliant Adds Stewart;
The Liberty Company Insurance Brokers named Keith Binkley executive vice president, and national property/casualty practice Leader. Binkley will be working out of the Denver, Colorado, office. Bringing more than 22 years of insurance industry experience, Binkley was previously a senior …
Oil Company Settles Criminal Cases In California Spill
An oil company on pleaded guilty in federal court to negligently discharging crude off the Southern California coast when its underwater pipeline ruptured last year, a spill that closed miles of shoreline and shuttered fisheries. Meanwhile, in state court, Houston-based …
Forest Fuel Restarted After Pause Runaway New Mexico Blaze
The U.S. Forest Service is resuming its practice of intentionally lighting fires to clear brush and small trees from forested areas nationwide after a three-month hiatus to review the risks of runaway wildfires under increasingly severe climate conditions, the agency …
Threat from Western Wildfires Persists Despite Help of Weather
Firefighters made progress against a huge Northern California wildfire that was still growing and threatening thousands of mountain homes on Sunday, while crews also battled major blazes that blanketed large swaths of Oregon and Washington in smoke. The Mosquito Fire …
Price Increases Continue at 6% for U.S. Commercial Insurance in Q2: WTW
U.S. commercial insurance prices increased again during the second quarter 2022, according to WTW’s latest Commercial Lines Insurance Pricing Survey (CLIPS). The aggregate commercial price change reported by carriers was nearly 6%. The survey compared prices charged on policies underwritten …
People Moves: Donavan CUO at Boost; Tasker New Head of AGCS Energy, Construction
Boost Insurance Appoints Emy Donavan as Chief Underwriting Officer Boost appointed Emy Donavan as chief underwriting officer. She will oversee the company’s program underwriting, product development, and portfolio management in collaboration with Boost’s insurtech and embedded partners along with the …