INSURANCE NEWS
Maker of Stanley Tumblers Prevails in Lawsuit Over Lead Scare
A federal judge dismissed a proposed class-action lawsuit accusing the maker of Stanley tumblers of concealing that the popular water bottles contained lead. In a decision on April 3, U.S. District Judge Tana Lin in Seattle said consumers did not …
Yes, Motorist Can Sue for Pothole Injury if the City Knew, Mississippi High Court Says
No, a municipality is not always immune from negligence claims, and yes, a motorist can sue the city government for injuries caused by an unrepaired pothole if the city was aware of the hazard, the Mississippi Supreme Court concluded last …
Connecticut Weighs P/C Insurance Surcharge to Fund Local Infrastructure Resilience
Connecticut lawmakers are considering placing a 5% surcharge on commercial property/casualty insurance policies for fossil fuels-related companies at a time when rising insurance premiums and utility bills are concerns. The surcharge is intended help fund local communities’ efforts to fortify …
Record Low Colorado Mountain Snow Doesn’t Bode Well for Drought-Stricken West
Hydrologist Maureen Gutsch trudged through the mud and slush to confirm a grim picture: Colorado just had its worst snowpack since statewide recordkeeping began in 1941. Even more troubling, mountain snow accumulations peaked a month early and contained just half …
Iowa Contractor Charged for Public Adjusting Without a License
An Iowa contractor has been charged with acting as a public adjuster without a license and insurance fraud. Joseph Starr, 39, of Rockwell, was charged with two counts of acting as a public adjuster without a license and one count …
Jones Day Law Firm Says Hackers Accessed Some Clients’ Data
Hackers have breached Jones Day and accessed the files of 10 clients, the law firm said on Monday. A prolific cybercriminal group known as Silent took credit for the attack, listing Jones Day among its victims on an extortion website. …
NHTSA Ends Probe Into Tesla Remote Driving Feature After Software Updates
The U.S. National Highway Traffic Safety Administration said on Monday it closed a probe into nearly 2.6 million Tesla vehicles over a feature allowing users to move cars remotely after finding it was linked only to low-speed incidents. The agency …
DOXA Buys Florida-Based Jupiter Underwriting Group
Indiana-headquartered DOXA, a specialty insurance firm built on acquiring and growing program administrators and MGAs, has expanded into Florida with the acquisition of Jupiter Underwriting Group. The group is a managing general agent that specializes in admitted umbrella and follow-form …
US, Iran Study Ceasefire Plan as Deadline Nears on Trump’s ‘Hell’ Threat
The United States and Iran on Monday were weighing the framework of a plan to end their five‑week-old conflict, even as Tehran pushed back against pressure to swiftly reopen the Strait of Hormuz on the eve of a new ultimatum …
Georgia Lawmakers to Let Property Owners File Claims Over Homeless, Immigrants
Georgia lawmakers passed a bill early Friday that would allow property owners to file claims against local governments if the individual believes policies that ban people from sleeping outside and require law enforcement to cooperate with federal immigration authorities were …
AM Best Upgrades Credit Ratings of Federated Mutual
AM Best has upgraded the Long-Term Issuer Credit Ratings (Long-Term ICR) to “aa” (Superior) from “aa-” (Superior) and affirmed the Financial Strength Rating (FSR) of A+ (Superior) of Federated Mutual Insurance Company and its pooled subsidiaries, Federated Service Insurance Company, …
Old Republic Forms New Specialized Property Insurer
Old Republic International Corporation is forming a new operating company, Old Republic Property Inc., to underwrite specialized property insurance products through a national retail broker distribution network, the company announced on Monday. The company will be led by Patrick Hagerty …