INSURANCE NEWS
Boeing Faces ‘Long Road’ on Safety Issues, FAA Says
U.S. planemaker Boeing faces a “long road” to address safety issues, the head of the Federal Aviation Administration said on Thursday as it prepares to receive the company’s plan to address concerns. In late February, FAA Administrator Mike Whitaker gave …
WV Coal Mine Where Miner Died Had Multiple Safety Violations
CHARLESTON, W.Va. (AP) — A coal mine in West Virginia had a long history of safety violations before a miner was fatally injured this week operating an excavator, according to local news reports. Virgil Paynter, of Lynco, was operating an …
Tornado Devastates Iowa Town, killing Multiple People
GREENFIELD, Iowa (AP) — Multiple people died Tuesday and at least a dozen were injured when a powerful tornado tore through a small Iowa town, carving a bleak landscape of destroyed homes and businesses, shredded trees, smashed cars, and widely …
Norfolk Southern to Pay $15M Civil Penalty, Cleanup Costs Over 2023 Ohio Derailment
Norfolk Southern NSC.N agreed to pay a $15 million civil penalty and $57.1 million in past government cleanup costs on Thursday, as well as millions in future costs to resolve a U.S. government lawsuit over a 2023 train derailment in …
Are You a Top Account Manager/CSR? Submit a Nomination Today
Customer service representatives and account managers are the heart of agencies. That’s why Insurance Journal wants to recognize these valuable players for the critical work they do! We’re looking for the 2024 MVPs: Account Managers/CSRs. The ones who retain valuable …
Plans to Spend Billions on a Flood-Prone East Texas Highway May Not Solve the Problem
LUFKIN, Texas (AP) — U.S. Highway 59, a major evacuation route from Houston, has been a problem for East Texas for decades. And as flooding rivaling that of Hurricane Harvey inundated the region in April, the highway closed in several …
Texas Manufacturer to Pay $35K for Denying Job to Applicant with Opioid Use Disorder
The Modern Group, Ltd. (TMG), headquartered in Beaumont, Texas, and one of its subsidiaries, Dragon Rig Sales and Service, LLC, a manufacturing and service company which builds oilfield service equipment for energy and industrial companies, will pay $35,000 and furnish …
Vermont Updates Its Captive Insurance Law Again
Vermont Governor Phil Scott has signed into law legislation updating certain sections of the state’s captive insurance statute including sections governing minimum capital requirements for agency captives and captives’ use of parametric contracts. The new law (H. 659) adds explicit …
Texas Braces for More Heat, Storms and Floods: Weather Watch
Parts of the central US stretching from North Dakota to northern Texas, including Dallas, face an enhanced risk from severe thunderstorms, strong wind, hail and possibly tornadoes on Thursday, the US Storm Prediction Center said. Flood watches have also been …
Arthur J. Gallagher & Co. Acquires Minnesota’s CCI Surety
Arthur J. Gallagher & Co. announced that its U.S. wholesale brokerage, binding authority and programs division, Risk Placement Services, Inc. (RPS), has acquired Golden Valley, Minnesota-based CCI Surety, Inc. Terms of the transaction were not disclosed. Founded by Michael Williams …
US Sues to Break Up Live Nation-Ticketmaster
The U.S. Justice Department and a group of 30 states and the District of Columbia Thursday sued to break up Live Nation, arguing the big concert promoter and its Ticketmaster unit illegally inflated concert ticket prices and hurt artists. “It …
Posh Florida Care Facility to Borrow $260 Million for Expansion
The largest single-site, not-for-profit retirement community in the US is selling municipal bonds to finance an expansion, less than two years after Hurricane Ian caused as much as $85 million of damages. Fort Myers, Florida-based Shell Point Retirement Community plans …