INSURANCE NEWS
Sedgwick: Product Recalls Dropped in Q2 in 5 Key Industries
Product recalls in the U.S. decreased across the automotive, consumer product, food and drink, medical device and pharmaceutical industries in the second quarter, according to a new report from Sedgwick.. Sedgwick’s U.S. Recall Index found the 788 recalls across those …
Canada’s Insurance Sector Faces Deluge of Climate-Related Catastrophe Claims
Hotter summers in Canada that have sparked wildfires in tourist areas, intense hailstorms and thunderstorms with severe flooding in major cities, all likely linked to climate change, are leading to personnel shortages and potentially claims adjustment delays, according to insurance …
Landlords Face a $1.5 Trillion Commercial Real Estate Maturity Wall
Landlords for offices, apartment complexes and other commercial real estate have $1.5 trillion of debt due by the end of next year, and about a quarter of that borrowing could be hard to refinance, according to Jones Lang LaSalle Inc. …
Another Bus in Mississippi Blows a Tire and Crashes, Killing 7 and Injuring 37
BOVINA, Miss. (AP) — Seven people were killed and dozens were injured in Mississippi after a commercial bus overturned on Interstate 20 on Saturday morning, according to the Mississippi Highway Patrol. Six passengers were pronounced dead at the scene and …
Youth Football Safety Debate Reopened After Deaths of 2 Players on Same Day
HEWETT, W.Va. (AP) — Ryan Craddock had seen his share of tragedy during two decades as a coal miner and firefighter. Then came the toughest heartbreak of all: his own. Craddock and his family are mourning the loss of his …
How One Florida Engineer Charged Others With Fraudulent Insurance Reports, Testimony
He’s been called “eccentric,” a “do-gooder,” a “troublemaker” and a whistleblower. And he may be the best friend the Florida property insurance industry has. A mechanical engineer based in Edgewater, George Miles has filed formal complaints with the Florida Board …
Boar’s Head Plant Tied to Deadly Listeria Broke Food Safety Rules, Records Show
A Boar’s Head deli meat plant in Virginia tied to a deadly food poisoning outbreak repeatedly violated federal regulations, including instances of mold, insects, liquid dripping from ceilings, and meat and fat residue on walls, floors and equipment, newly released …
Los Angeles to Pay $38M For Failing to Make Affordable Housing Accessible
The city of Los Angeles will pay $38.2 million to settle a 2017 lawsuit after “falsely” stating on federal documents that its multifamily affordable housing units built with federal funds were accessible for people with disabilities. The complaint was filed …
Washington Marble Contractor Fined $300K for Exposing Workers to Silica Dust
A Skagit County was fined nearly $330,000 for exposing workers to crystalline silica dust from cutting, grinding and polishing stone countertops. The Washington State Department of Labor & Industries cited and fined A+ Marble & Granite LLC in July after …
California Legislature Passes Bill to Support Insurance Fraud Detectives
California lawmakers passed a bill to help close the pay gap between the California Department of Insurance’s fraud detectives and officers in other state agencies. The California Senate and Assembly this week passed Assembly Bill 2872, which would support the …
‘Potentially Explosive’ Military Devices Involved in Deadly Arkansas Crash
BRINKLEY, Ark. (AP) — A crash on Interstate 40 in Arkansas involving two tractor-trailers and a truck carrying “potentially explosive” military devices killed one person and backed up traffic for hours on the busy highway, officials said. The crash Monday …
RLI Insurance Wants 16% Rate Hike in Florida on Umbrella, Filing Shows
Florida’s insurance commissioner in early August noted that rate increases by property-casualty insurers in the state have slowed significantly since 2023 legislative reforms were enacted, with 12 carriers asking for a small decrease this year and another two dozen filing …