INSURANCE NEWS
Lloyd’s Has Strong H1 Underwriting Profit, but Reports Overall Loss on Investment Hit
While Lloyd’s reported a strong underwriting profit during the first half and its best combined ratio in five years, similar to many insurers, it saw an overall loss as a result of its investments. Underwriting profits for the first six …
Outlook Negative: AM Best Revises U.S. Personal Lines as Auto Results Weaken
AM Best said it held the belief that the U.S. personal auto line would right the ship following weakening performance in 2021, but headwinds such as inflation remain too strong and the rating agency revised its outlook for the segment …
People With Disabilities Sue Over Blocked Sidewalks in Oregon
A group of Portland, Oregon, residents with disabilities has filed a lawsuit against the city, accusing it of failing to keep public sidewalks accessible. The class action lawsuit filed this week in federal court accuses the city of violating the …
Water Use Drops in July as California Deals With Drought
Californians stepped up their water conservation in July, using 10.4% less than two years ago as the state struggles with a years-long drought, state water officials said. July marks the first full month that new conservation rules like a ban …
California Company Says Machine Failure May Have Caused Wildfire
A wood products company said that it is investigating whether a fire that killed two people as it swept through a Northern California town was caused by the possible failure of a water-spraying machine used to cool ash at its …
Mom Hopes Insurers Take Note of $77M Verdict Against Georgia Addiction Center
Nick Carusillo died when he was hit by multiple vehicles on a Georgia interstate, just days after he was abruptly discharged from an addiction treatment center. Now his parents hope a substantial jury verdict in their favor will prompt change …
Northwest Georgia Loses Water Service After Flooding
Officials continued to scramble this week to restore water service in parts of a northwest Georgia county after flash flooding submerged pumps and flooded buildings. Chattooga County officials said water for 8,000 customers in Summerville, Menlo and surrounding areas remained …
Amica Wins Providence Civic Center Naming Rights Formerly Held by Dunkin’ Donuts
Insurance company Amica has reached a 10-year deal for the naming rights to the downtown Providence arena that for two decades has been known as the Dunkin’ Donuts Center. The 14,000-seat facility will now be known as the Amica Mutual …
Virginia Lawmakers Again Fail to Fill Vacancy on Key Regulatory Agency
Virginia lawmakers elected a handful of local judges Wednesday but failed yet again to fill a vacancy on the powerful State Corporation Commission, which regulates a wide range of business interests. The lack of action during the politically divided General …
Risk Placement Services President Cavaness Receives City of Hope’s Spirit of Life Award
Risk Placement Services, the E&S wholesale broker and managing general agency, is pleased to announce its President Joel Cavaness has been named the 2022 Spirit of Life Honoree by City of Hope, one of the largest cancer research and treatment …
Vermont Nursing Home Sued Over Racial Abuse Claims
The U.S. Equal Employment Opportunity Commission has sued a Vermont nursing home over allegations that it allowed patients to racially abuse Black staff members. The lawsuit filed Tuesday in U.S. District Court in Burlington says the long-term care facility Elderwood …
Adoption Agency Can Deny Services to Unmarried, Gay Couples, Judge Rules
A federal judge ruled that New York state could not require a Christian family services agency to provide adoption services to unmarried or same-sex couples. New Hope Family Services in Syracuse professes that it cannot provide adoption services to same-sex …