INSURANCE NEWS
Mechanic Sentenced to Prison, Must Pay $1.3M for Defrauding Missouri Customer
An auto mechanic was sentenced to 33 months in prison and ordered to repay $1.37 million to his victims for defrauding a Missouri customer, among others, the U.S. Attorney’s Office, Eastern District of Missouri announced last week. Beginning in November …
How to Protect Your Rooftop Solar Panels From Hail Damage
As the US heads into peak hailstorm season, homeowners that have installed solar power face the prospect of chunks of ice damaging their panels. “Those instances of damage are rare, but the more extreme weather gets with climate change, it’s …
Florida’s Slide Insurance Files for Initial Public Stock Offering
Four years after it was founded, Florida-based Slide Insurance plans to go public. The holding company for the Tampa-headquartered company, which has more than 343,000 policies in Florida, last week filed registration paperwork with the U.S. Securities and Exchange Commission. …
Louisiana Stifles Community Air Monitoring With Threat of Million-Dollar Fines, Lawsuit Says
On days of heavy pollution in Sulphur, a southwest Louisiana town surrounded by more than 16 industrial plants, Cynthia “Cindy” Robertson once flew a red flag outside her home so her community knew they faced health hazards from high levels …
Political Risk Cover Demand Rises, Profits Are Strong, but GWP Growth Lags: Report
Demand for political risk insurance is likely to rise by 33% due to tariff uncertainty and the instability of the current trading environment, according to Howden’s 2025 survey of multinational corporates with revenue of more than US$1 billion. Rising geopolitical …
Boeing Agrees to Resolve US Criminal Case Over 737 Crashes
Boeing Co. has reached a tentative agreement with the US Justice Department that would allow the planemaker to avoid criminal charges for two fatal crashes of its 737 Max jets more than six years ago. The settlement was disclosed in …
TVA Becomes First US Utility to Seek Permit for Small Nuclear Reactor
For the first time in the United States, a utility is asking federal regulators for a permit to build a small nuclear reactor. The nation’s largest public power company, the Tennessee Valley Authority, announced Tuesday it submitted a construction permit …
Industry Vet Plumeri Joins Insurance Advisory Partners as Chairman
Insurance veteran and former Willis Group Holdings CEO Joe Plumeri will occupy the new role of chairman at Insurance Advisory Partners (IAP). According to the investment bank focused on the insurance, insurance services and insurtech industries, Plumeri will start the …
Southern California Edison Paying $82.5M to Settle Claims Over 2020 Bobcat Fire Damages
Southern California Edison, a unit of utility Edison International, agreed on Friday to pay $82.5 million to settle claims with the U.S. Forest Service for costs and damages resulting from the Bobcat Fire in 2020. The U.S. government had filed …
DIY Home Inspections Are Taking Over, Firms Say
The future of home inspections is here and it’s in the hands of…the homeowner, according to leaders of two firms that have developed DIY systems now being used by prospective insureds across the country for pre-policy property surveys. “Do-it-yourself inspections …
Venezuelan Workers at Disney Put on Leave After Losing Protective Status
ORLANDO, Fla. (AP) — Almost four dozen Venezuelan workers who had temporary protected status have been put on leave by Disney after the U.S. Supreme Court allowed the Trump administration to strip them of legal protections. The move was made …
Progress is Slow for Chimney Rock, NC, Hit Hard by Hurricane Helene
The brightly colored sign along the S-curve mountain road beckons visitors to the Gemstone Mine, the “#1 ATTRACTION IN CHIMNEY ROCK VILLAGE!” But another sign, on the shop’s mud-splattered front door, tells a different story. “We will be closed Thursday …