A plan by a politically conservative group to dismantle the National Flood Insurance Program, if Donald Trump is elected president, has been met with approval from a private flood insurer but sharp skepticism from economists and insurance agents who say …

A commercial truck driver who was acquitted in the 2019 deaths of seven motorcyclists won’t be eligible to get his license back for another two years, New Hampshire safety officials said. A jury in 2022 found Volodymyr Zhukovskyy not guilty …

PLAINFIELD, Vt. — Volunteers, some with heavy equipment, shoveled river silt and mud from roads, homes, yards and driveways and removed flood-ravaged items from homes Friday in one of the Vermont communities hardest hit by flooding from the remnants of …

Allstate is seeking an increase in its California homeowners insurance premiums by an average of 34%. According to the California Department of Insurance, the Allstate homeowners filing was received by the Department on April 14, 2023. The initial rate request …

California Insurance Commissioner Ricardo Lara today issued a decreased pure premium rate for workers’ compensation insurance, lowering the annual benchmark rate from $1.41 to $1.38 per $100 of payroll— representing a 2.1% percent decrease from last year. The advisory rate …

Leif Assurance, headquartered in St. Louis, promoted Robert Worden to sales manager. Worden will also serve as the commercial lines’ sales manager for Leif’s sister company, Powers Insurance & Risk Management. Worden has 30 years of experience in the insurance …

Ex-Red Hot Chili Peppers guitarist Josh Klinghoffer is being sued for wrongful death and negligence after allegedly hitting and killing a pedestrian earlier this year. The lawsuit was filed by Ashley Sanchez, the daughter of 47-year-old Israel Sanchez, who died …

Insurers’ losses from Hurricane Beryl will be “low and readily absorbed” and the storm is not expected to change pricing conditions in the P&C and reinsurance sectors, Moody’s Ratings said. Beryl made landfall along the Texas coast as a category …

Florida Tax Watch, a nonprofit government watchdog in operation for 45 years, is urging state lawmakers to expand wind-mitigation tax breaks for homeowners struggling with higher insurance premiums. The group this week posted an analysis of the Florida property insurance …

Ships sailing around the southern tip of Africa are wrestling with a bout of bad weather that has already run one vessel aground and seen another lose more than 40 containers overboard. CMA CGM SA said on Thursday that its …

Catastrophic events, such as major hurricanes and the Sept. 11 terrorist attacks, traditionally have led to hard markets that in turn drove the formation of startup reinsurers to fill capacity needs. Reinsurers launched in “the class of 1992,” “the class …

Abbott Laboratories hid the risks of its premature-infant formula causing a potentially fatal bowel disease from parents even though company officials acknowledged the peril in internal documents, a lawyer told a Missouri jury. The company was accused of putting profits …