INSURANCE NEWS
5 Hospitalized After Small Plane Crashes in Retirement Community Parking Lot
A single-engine airplane carrying five people crashed and burst into flames Sunday in the parking lot of a retirement community near a small airport in suburban Pennsylvania, and everyone on board survived, officials and witnesses said. The fiery crash happened …
Stricken Oil Tanker in North Sea Smolders With Hole in Side
A US oil tanker that was struck by a container ship in the North Sea on Monday was smoldering with a gaping hole in its side, footage broadcast by BBC News showed. Focus is now shifting to the environmental impact …
Most Execs Feel More Stressed at Start of 2025 Than 2024: Sentry
More than two-thirds of executives polled in a recent survey reported feeling more stressed at the beginning of 2025 than they did at the start of 2024. The survey, conducted by Wakefield Research on behalf of Sentry Insurance, found stress …
New York Sues National General and Allstate Over Data Breaches
New York’s Attorney General filed a lawsuit against National General and its parent Allstate Insurance Co. alleging they have failed to protect New Yorkers’ personal information from cyberattacks. The suit by Attorney General Letitia James cites incidents in 2020 and …
US Labor Board Drops Defense of Law Barring Trump From Firing Democratic Member
The U.S. agency that enforces the labor rights of private-sector workers is abandoning its defense of a law barring the president from removing appointees at will, as President Donald Trump seeks to oust a Democratic member. The National Labor Relations …
Exclusions Make Contractor Coverage Elusive, Builders Say. Appeals Court Disagrees
A federal appeals court decision handed down last week is a victory for a Liberty Mutual surplus carrier, but it highlights what one attorney said is a widespread problem in the construction industry: an alleged “bait and switch” by insurers …
California School District Settles Age Discrimination Case
The Washington Unified School District in Fresno, Calif. settled a federal charge of firing a 65-year-old teacher. The age discrimination charge was filed in April 2022 by the U.S. Equal Employment Opportunity Commission alleging that the employee was denied reasonable …
US Commercial Lines Prices Up 5.6% With Signs of Moderation: WTW CLIPS
U.S. commercial insurance rates showed a continued upward trend with signs of moderation in the fourth quarter of 2024, according to the latest findings from WTW’s Commercial Lines Insurance Pricing Survey (CLIPS). Carriers reported an aggregate price increase of 5.6% …
Lawsuit Aims to End LGBTQ Antidiscrimination Protections in Pennsylvania
Two public school districts and several parents have sued Pennsylvania in a bid to undo antidiscrimination protections for gay and transgender people, saying the state’s two-year-old regulation is illegal because it goes beyond what lawmakers intended or allowed. The lawsuit …
World Insurance Acquires Archambault Associates of Connecticut
World Insurance Associates LLC reports it acquired the business of Archambault Insurance Associates of Putnam, Connecticut in December. Terms of the transaction were not disclosed. Archambault was founded in 1928 by Joseph A. Archambault. Today the third-generation, family-owned, full-service agency …
AM Best Assigns Excellent Rating to MEM
AM Best has assigned Financial Strength Rating of A- (Excellent) and Long-Term Issuer Credit Ratings of “a-” (Excellent) to Previsor Insurance Company (Centennial, Colo., MEM Protect Insurance Company, MEM Shield Insurance Company and MEM Secure Insurance Company. The outlooks assigned …
South Dakota Law Raises Questions About Future of Massive Midwest Pipeline
A new law in South Dakota prohibiting the use of eminent domain to acquire land for carbon capture pipelines raises questions about the viability of a proposed 2,500 mile (4,023-kilometer) project snaking through five Midwest states. Summit Carbon Solutions, the …