INSURANCE NEWS
Utility Launches Shutoff Plan Aimed at Preventing Another Wildfire Like Lahaina
More than 48,000 Hawaiian Electric Co. customers living in some of the state’s driest areas will soon face the prospect of advance power shutoffs — and outages that could last several days — in order to reduce the risk of …
Louisiana Lawmakers Pass Auto Insurance Reform Bills to Boost Market Competition
Louisiana lawmakers passed a series of auto insurance reform bills that aim to bring availability and competition to the market by cutting down on excessive verdicts and settlements. Legislators passed four bills endorsed by Insurance Commissioner Tim Temple that he …
Tennessee, Kentucky Tobacco Farmer Sentenced for Second Crop Insurance Fraud
A Kentucky tobacco farmer has been sentenced to more than three years in prison after pleading guilty to crop insurance fraud, eight years after he was convicted of similar crimes. David Manion, 61, who resides in Lafayette, Tennessee, and owns …
Flight Attendants Accuse Jacksonville Jags and Kicker of Sexual Assault on Plane
Two unnamed flight attendants have filed suit against the Jacksonville Jaguars NFL team and former placekicker Brandon McManus, accusing him of sexual assault during an 8-hour flight to London last fall. The women, referred to only as Jane Doe I …
Tesla to Recall 125,227 Vehicles Over Faulty Seat Belt Warning System
Tesla is recalling 125,227 vehicles in the U.S. due to a malfunction in its seat belt warning system that can increase the risk of injury in a collision, the National Highway Traffic Safety Administration said on Friday. The regulator said …
Nationwide Pet Shedding 100,000 Policies
The leading pet insurer in the U.S. said it is dropping about 100,000 policies starting this spring, citing inflation in the cost of veterinary care. Nationwide Pet, the leading provider of pet insurance for dogs, cats, birds and exotic animals, …
A 6th House Has Collapsed into Atlantic on North Carolina’s Outer Banks
RODANTHE, N.C. (AP) — Another house has collapsed into the Atlantic Ocean along North Carolina’s coast, the sixth to fall along the Cape Hatteras National Seashore’s beaches in the past four years, according to U.S. National Park Service officials. About …
California Supreme Court Resolves Question on Coverage for COVID Business Shutdowns
The California Supreme Court has resolved a question about insurance coverage for COVID-19 business shutdowns in the issue of a virus exclusion in a ruling that is consistent with the vast majority of courts nationwide: the presence of the virus …
Aon/NFP’s Lenox Advisors Acquires Maryland Benefits Firm Serving Medical Pros
Lenox Advisors, Inc., an affiliate of NFP, an Aon company, reports it has acquired Martin/Wight & Co., a Maryland-based insurance and financial services firm that specializes in serving medical professionals. Founders Brian Martin and Ted Wight will join Lenox as …
Building Explosion Kills Bank Employee, Injures 7 Others in Youngstown, Ohio
YOUNGSTOWN, Ohio (AP) — A massive explosion blew out much of the ground floor of an apartment building, killing a bank employee and injuring several other people. Police and emergency officials initially blamed natural gas, but the fire chief later …
Marsh McLennan Acquires Texas’ Perkins Insurance Agencies
Marsh McLennan Agency, a subsidiary of Marsh, announced the acquisition of Perkins Insurance Agencies, an Abilene, Texas-based independent agency. Terms of the acquisition were not disclosed. Founded in 1977, Perkins primarily provides commercial property and casualty and personal lines coverage …
American National Exiting Homeowners Insurance Market
Following its announcement several months ago to leave the homeowners insurance business in nine states including California and Louisiana, American National appears to be exiting the line in all states. According to a letter sent to employees and other stakeholders …