INSURANCE NEWS
Evacuation Order for Alaska Wildfire Lifted Near Anderson
An evacuation order for about 65 residents of a subdivision near the community of Anderson has been lifted, Denali Borough Mayor Clay Walker said. The evacuation order went into place June 28 because of the Clear wildfire burning near Anderson. …
Settlement in California Lawsuit by Man Strapped to Gurney During Arrest
The Los Angeles Police Department will pay $300,000 to settle a lawsuit by a legally blind man who said he was beaten, strapped to a hospital gurney and nearly suffocated during an arrest three years ago, attorneys said. The civil …
Most Commercial Insurance Renewal Rate Changes Remain Up: Ivans Index
Premium renewal rate changes for all major commercial lines of business increased year over year with the exception of the workers’ compensation line, which remained negative, according to the Ivans Index second quarter results. The Index revealed that Q2 experienced …
Judge Says Remington’s Gun Injury Settlement Lacks Sufficient Information
A federal judge in Pennsylvania has declined to approve a settlement between gunmaker Remington Arms and a parent of a child injured when his grandfather’s gun allegedly misfired without the trigger being pulled. U.S. District Judge Yvette Kane found that …
Luton Airport Runway Meltdown Shows How Airports Are Vulnerable to Climate Change
The temporary disruption at London’s Luton Airport on Monday when soaring temperatures caused a small section of the asphalt to lift is an example of the challenges airports face in making their infrastructure resilient to climate change, experts say. Below …
Two 100+ Years Old New Hampshire Agencies Merge
Two long-time New Hampshire insurance agencies— The Insurance Center based in Claremont and McCrillis & Eldredge in Newport— announced that their companies are joining forces. The combined organization will continue to operate under both brands and both principals will remain …
Older and Younger Executives Disagree About Remote Work Arrangements
Bosses and workers rarely agree on what matters when it comes to the future of work. But there’s division even within the c-suite, particularly regarding the disparate treatment remote and in-office workers can face. Younger executives cited those inequities as …
Beazley’s H1 Profits Drop but Raises Full-Year Outlook on Cyber Premium Growth
Lloyd’s of London insurer Beazley on Friday reported first-half profits fell on hits to its investment portfolio from market volatility, but raised its full-year profitability guidance on an increase in cyber risk premiums. Beazley, a major cyber insurer, said it …
Travelers’ Income Drops, but Still Beats Profit Estimates on Record Premium Growth
Insurer Travelers Cos. Inc. reported a smaller-than-expected fall in quarterly profit on Thursday, as record premium growth cushioned a hit from higher catastrophe-related claims and lower returns on investments. The company’s core income fell to $625 million, or $2.57 per …
Boston Police Unions Challenge Rules on Use of Force
Two police unions in Boston want to roll back limits on when they can use tear gas, pepper spray and other less-than-lethal crowd control methods, which the City Council implemented last year. The two unions are asking a judge to …
Florida Regulators Slam Demotech for Reported Plans to Downgrade 17 Carriers
Florida’s top insurance regulators and the Florida Association of Insurance Agents on Thursday blasted the Demotech financial rating firm after the organization reportedly notified 17 insurers that they will soon be downgraded. Demotech President Joe Petrelli said Thursday evening that …
Indiana Abortion Doctor Signals She’ll Sue AG over Comments
An Indianapolis doctor who performed an abortion on a 10-year-old rape victim from Ohio took the first step Tuesday toward suing Indiana’s attorney general for defamation. Dr. Caitlin Bernard, an Indianapolis obstetrician-gynecologist who gave the girl a medication-induced abortion on …