INSURANCE NEWS
Dubai’s Record Rain Floods Expensive Homes and Halts Flights
Dubai flights have been severely disrupted and cars were left stranded on flooded roads after record rainfall over the past day brought the city to a standstill. The United Arab Emirates experienced its heaviest downpour since records began in 1949, …
North Carolina Adjuster and Son Charged with Embezzlement in Roof Jobs
A North Carolina mother and son adjusting and contracting team are scheduled to appear in court next month on charges of scamming more than $20,600. Both have been charged with similar offenses in the last two years, the state Insurance …
Coal Miners Getting New Protections Against Black Lung Disease
Coal miners will be better protected from poisonous silica dust that has contributed to the premature deaths of thousands of mine workers from a respiratory ailment commonly known as black lung disease, the Labor Department said Tuesday as it issued …
Wildfires Are Upending Some of the Safest Bets on Wall Street
When the Texas Panhandle went up in flames this winter, the news spread fast on Wall Street. An electric utility by the name of Xcel Energy Inc. was getting blamed for the massive blaze — a lawsuit pointed the finger …
Workers’ Comp Rating Bureau of California Governing Committee Oks Higher Pure Premium Rate Filing
The Workers’ Compensation Insurance Rating Bureau of California’s governing committee voted on Wednesday to authorize the WCIRB to submit a Sept. 1, 2024 Pure Premium Rate Filing to the California Insurance Commissioner on average 0.9% above the average approved Sept. …
Texas Home Manufacturers to Pay $135K to Settle Race Discrimination Suit
Cavco Industries, Inc.; Palm Harbor Homes, Inc.; and Palm Harbor Villages, Inc., which manufacture and sell manufactured homes in Waco, Texas, will pay $135,000 to settle a race discrimination lawsuit filed by the U.S. Equal Employment Opportunity Commission (EEOC), the …
Kanguro Adds Renters Insurance in Texas
Kanguro Insurance, known for its AI-driven pet health insurance plans, has announced its expansion into renters insurance, starting with the Texas market. The company is actively seeking partnerships with insurance agencies and property managers while offering a streamlined tech-forward product …
Maryland Asks Insurers to Accommodate Those Hurt by Baltimore Bridge Collapse
Maryland’s insurance regulator is asking insurance companies to do what they can to make sure that individuals and businesses hurt by the Baltimore bridge collapse tragedy do not lose coverage due to non-payment of premium. The Maryland Insurance Administration (MIA) …
People Moves: Hooda Appointed to Alera Board of Directors; Powers Hires Blankenship
Hooda Appointed to Alera Group’s Board of Directors Alera Group, headquartered in Deerfield, Illinois, appointed Sheila Hooda to the company’s Board of Directors. Hooda has over 30 years of global leadership experience. She is also the CEO of Alpha Advisory …
Maryland Launches Programs to Help Port of Baltimore Businesses and Workers
Maryland Gov. Wes Moore announced last Friday the start of a program to help Port of Baltimore businesses retain employees in the aftermath of the Francis Scott Key Bridge collapse. The $12.5 million program aims to prevent layoffs while recovery …
Zurich, Penn, Others Ordered to Pay $345M to Cover Abuse Charges at Ga. School
Five insurance companies have been ordered to pay $345 million to cover damages awarded to 20 men who said they were victims of sexual abuse at a prestigious boarding school in Georgia in the 1970s and 1980s. Floyd County Superior …
Maui Fire Officials Defend Response to Deadly Lahaina Blaze
Maui Fire Department officials defended their initial response to what became the deadliest fire in Hawaii history, saying they stayed at the scene of the Aug. 8 blaze until it was fully extinguished. The officials commented at a press conference …