INSURANCE NEWS
Yellowstone Park Aiming for Quick Reopening After Floods
Most of Yellowstone National Park should reopen within the next two weeks, much faster than originally expected after record floods pounded the region last week and knocked out major roads, federal officials said. Yellowstone Superintendent Cam Sholly said the world-renowned …
Louisiana Extends Policy Cancellation Date for Lighthouse Excalibur
Louisiana Insurance Commissioner Jim Donelon has extended the policy cancellation date for failed insurer Lighthouse Excalibur to June 30 following the Louisiana Department of Insurance’s (LDI) action to secure additional reinsurance for those policyholders through the end of this month. …
New Layer of Federal Oversight for Climate Disclosures Not Needed: Triple-I
Creating a new layer of federal oversight would neither enhance nor standardize the climate-related disclosures U.S. insurers make to investors, the Insurance Information Institute (Triple-I) said in a letter sent today to the U.S. Securities and Exchange Commission (SEC). Triple-I’s …
Texas Division of Workers’ Comp Sets Discount Interest Rate
The Texas Department of Insurance, Division of Workers’ Compensation has determined that any interest or discount provided for in the Texas Labor Code shall be at the rate of 6.38%. The rate is effective July 1, 2022, through September 30, …
Missouri Fire Chief: Fireworks Components Might Have Caused Deadly Blast
A house explosion near St. Louis early June 17 that killed a teenager and critically injured several other people might have been caused by explosives used to make fireworks, authorities said. The explosion at around 1:20 a.m. destroyed a home …
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