INSURANCE NEWS
Mailing a Letter, in Context With Other Clues, Is Sufficient Cancellation – NC High Court
Simply mailing a cancellation notice to a policyholder, when viewed in the context of other indicators, was enough to comply with state law and void a homeowner’s insurance policy shortly just weeks before a fire destroyed a home, the North …
FCBI, a Florida Workers’ Comp Fund, Acquires MidSouth Mutual in Tennessee
FCBI, a self-insurance fund founded 45 years ago to provide workers’ compensation plans to Florida citrus growers, is expanding well beyond the Sunshine State with the acquisition of MidSouth Mutual Insurance Co. in Tennessee. MidSouth has been demutualized and has …
J&J in Talks With Holdouts to $6.5 Billion Talc Settlement
Johnson & Johnson said on Friday it is negotiating with plaintiffs’ lawyers who have opposed the company’s proposed settlement of lawsuits alleging its baby powder and other talc products caused cancer, seeking to eliminate holdouts to the deal. J&J has …
Worker Dies After Excavator Is Buried Under Rocks at Massachusetts Quarry
A worker was killed last Thursday morning after a portion of a rock ledge collapsed onto an excavator with the worker inside, burying it under rocks and boulders at a quarry site in Massachusetts. Firefighters and other rescue agencies responded …
Jury sides with Pennsylvania teacher in suit against district over Jan. 6 rally
By MICHAEL RUBINKAM Associated Press A Pennsylvania school district violated a teacher’s constitutional rights by falsely suggesting he took part in the U.S. Capitol riot on Jan. 6, 2021, a federal jury has concluded. After an 11-day trial, jurors found …
Fires Spotted on Red Sea Tanker Drifting With Oil on Board
The UK Navy said that three fires have been observed on a ship attacked in the Red Sea earlier this week. The Sounion’s crew were evacuated from the ship in the past few days after the vessel was struck by …
Texas and Southwest Face Scorching Heat Wave
AUSTIN, Texas (AP) — Summer heat scorched Texas and the Southwest this week, pushing Phoenix to nearly 90 consecutive days of triple-digit temperatures and putting millions of people under excessive heat warnings. Meanwhile, energy demand in Texas hit an unofficial …
OneDigital Expands With Acquisition of Elite Insurance in Tennessee
OneDigital, an insurance brokerage, financial services and human resources firm based in Atlanta, has acquired Elite Insurance Solutions, a property-casualty insurance agency in Franklin, Tennessee, the company announced this week. Elite was founded in 2008 by Mike Stansbury and Randy …
Blackouts in Extreme Weather Create Demand for Cleaner Backup Power
Software engineer Kenna Ofoegbu in Houston, Texas tries hard to keep his three kids cool during the summer and that means air conditioning. Yet their house has lost power three times in just the past two and a half months. …
People Moves: Hub Names Smith President of Carolinas Ops
Hub International Ltd., the global insurance broker, has named Tim Smith president and CEO of its operations in the Carolinas. Smith was previously the chief sales officer at Hub International Carolinas and was a Charlotte-area market leader. Before that, he …
Arkansas County to Pay $3M Settlement Over Detainee’s 2021 Death in Jail
FORT SMITH, Ark. (AP) — A county in western Arkansas has approved a $3 million settlement with the family of a man who died from dehydration and malnutrition while being held in a local jail. The Sebastian County Quorum Court …
Vibrant Green Fields Signal a Big US Corn Crop and Weak Prices
Between hail, strong winds, floods and plant disease, US corn crops were put through some tough times this summer. But somehow, the fields of green blanketing America’s heartland have proved to be ever resilient. Those are the findings heading into …