INSURANCE NEWS
Oregon Wildfire Growing After Active Day
A wildfire near La Pine, Oregon that has prompted evacuation orders grew to 3,889 acres on Thursday morning. The Darlene 3 Fire, which started Tuesday, is now 30% contained. Winds and warm temperatures on Tuesday resulted in spotting beyond the …
Oklahoma Insurance Department to Hold Inaugural OK Captive Day
The Oklahoma Insurance Department (OID) announced it will hold the inaugural OK Captive Day on Tuesday, August 20, 2024. This event aims to educate key industries in Oklahoma about the Oklahoma Captive domicile and the benefits of a captive insurance …
Supreme Court Pauses Federal Smog Control Plan That Texas Opposed
The U.S. Supreme Court on Thursday paused a U.S. Environmental Protection Agency plan to reduce the amount of smog that drifts across state borders from industrial facilities like power plants. The 5-4 opinion is the latest in a conflict over …
Kansas Department of Insurance Distributes Over $18M to Firefighters
Kansas Insurance Commissioner Vicki Schmidt announced, that the Kansas Department of Insurance has made its annual distribution to local Firefighter Relief Associations (FRAs). Pursuant to the Kansas Firefighters Relief Act, $18,912,365.52 has been distributed among 553 local FRAs throughout the …
Supreme Court Curbs SEC’s In-House Judges in Fraud Cases
The US Supreme Court curbed the Securities and Exchange Commission’s ability to press complaints before in-house judges, saying defendants have a constitutional right to make their case to a federal jury when the agency is seeking financial penalties. The 6-3 …
Last Chance: Submit for Top 100, Top Agency Partnership Rankings Now
The deadline to submit for Insurance Journal’s Top 100 Agencies and Top Agency Partnerships ranking is tomorrow! We hope you will consider entering your agency for Insurance Journal’s 2024 Top 100 independent agencies listing and Top Agency Partnerships ranking now. …
Big ‘I’ Report: Independent Agency Channel Placed 62% of Premiums in 2023
The independent agents place more than 62% of all property/casualty insurance written in the U.S., according to the Independent Insurance Agents & Brokers of America (the Big “I”). The association’s 2024 Market Share Report said independent agents have high penetration …
New Hampshire Sues TikTok Alleging Consumer Protection Violations, Harm to Kids
New Hampshire is suing social media video service TikTok Inc. for allegedly violating the state’s consumer protection act, Attorney General John M. Formella announced. The state’s complaint against TikTok filed in Superior Court in Merrimack alleges that the company has …
Youth at North Carolina Therapy Camp Couldn’t Breathe in Tent, Autopsy Finds
LAKE TOXAWAY, N.C. (AP) — A 12-year-old boy who was enrolled in a wilderness therapy program for troubled youths in North Carolina died in February from an inability to breathe in the mostly plastic tentlike structure he was sleeping in, …
Jury Awards $700k to Seattle Protesters Jailed for Anti-Police Slogans on Barricade
Four protesters who were jailed for writing anti-police graffiti in chalk on a temporary barricade near a Seattle police precinct have been awarded nearly $700,000 after a federal court jury decided their civil rights were violated. The Jan. 1, 2021, …
Evolve Bank & Trust Confirms Data Was Stolen in Cyberattack
Evolve Bank & Trust confirmed it was the victim of a cyberattack and that customer data had been posted on the dark web, less than two weeks after the Arkansas-based lender was ordered by regulators to improve its risk management …
Massachusetts Orders 14.6% Cut in Workers’ Compensation Rates
Massachusetts businesses will see an average 14.6% reduction in workers’ compensation rates—a cut that is almost twice the size of what the insurance industry’s rating bureau proposed in its filing. The lower rates go into effect on July 1, 2024. …