Fri.Aug 02, 2024

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Miami’s ‘Impossible’ Traffic Mess Shows Strains of Booming South

Insurance Journal

Former reality TV star Fredrik Eklund zips up and down Miami in a lilac Rolls-Royce with a turquoise interior, hunting for multi-million-dollar homes for the rich and powerful. That is, when he’s not stuck in the gridlock.

Building 299
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Flooring Installer Insurance: What Policies Do I Need?

Central Insurance

Explore comprehensive insights on flooring installer insurance, including coverage options, benefits, and expert tips. Learn how to protect your business and ensure peace of mind in the flooring industry. The post Flooring Installer Insurance: What Policies Do I Need? appeared first on Central Insurance Blog.

Policy 130
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Texas Assisted Living Facility Sued for Firing Worker With Sleep Disorder

Insurance Journal

VibraLife of Katy, LLC, a rehabilitation and assisted living facility in Katy, Texas, violated federal law when it denied an employee an accommodation for her sleep disorder and then fired her, the U.S.

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Cyber Quoting Carrier List

Zywave

Simplify your quoting and proposal process with Cyber insurers all in one tool.

Cyber 45
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AI Startup Suno Says Music Industry Suit Aims to Stifle Competition

Insurance Journal

AI music startup Suno is pushing back against the world’s biggest record labels, saying in a court filing that a lawsuit they filed against the company aims to stifle competition.

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Hawaii Governor Says a $4B Settlement for 2023 Maui Wildfire Coming Soon

Insurance Journal

The parties involved in Lahaina wildfire lawsuits against the state of Hawaii, Maui County and utilities are close to a global settlement of claims that will be worth a little over $4 billion, Gov. Josh Green told The Associated Press.

Claim 278
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Guy Carpenter: ‘Kitty Cat’ CrowdStrike Outage to Cause $300M-$1B in Insured Losses

Insurance Journal

Due to the limited amount of impacted companies with insurance and the deployment of a quick fix to mitigate losses, Guy Carpenter said the insured losses from the CrowdStrike outage is likely between $300 million and $1 billion.

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California Wildfire Now State’s Fourth Largest on Record, Containment Increased

Insurance Journal

Firefighters have increased containment on the Park Fire near Chico, California, which at 621 square miles as of Friday is now the fourth largest wildfire in history.

Damage 278
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Tropical System Could Bring Heavy Rains, Flooding to Parts of Florida

Insurance Journal

The National Hurricane Center is keeping an eye on a tropical wave that could strengthen over the weekend, bringing heavy rain to parts of Florida. Gov.

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Chevron to Quit California for Texas After Warning on Regulation

Insurance Journal

Chevron Corp. is relocating headquarters to Houston from California after repeatedly warning that the Golden State’s regulatory regime was making it a tough place to do business.

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Exxon Delays Golden Pass LNG to Late 2025 on Contractor Dispute

Insurance Journal

Exxon Mobil Corp. and QatarEnergy delayed the start of a $10 billion natural gas export project in Texas to the end of next year after lead contractor Zachry Holdings Inc. declared bankruptcy.

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Midwestern Farmers Who Say Yes to Solar Power Face Neighbors’ Wrath

Insurance Journal

When Michigan farmer Clara Ostrander heard about the benefits of hosting a solar energy project, she remembered something her father had told her four days before he died: Don’t sell the farm. Keep it in the family.

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Governor Calls on Flood-Weary Vermonters to ‘Stick Together’

Insurance Journal

Vermont’s governor said Wednesday that the latest storms to hit the state have undone much of the cleanup and recovery work from its last major bout of flooding only weeks ago, and he called on residents to “stick together” amid …

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Ryan Specialty Builds with US Assure, a Builder’s Risk Specialist, in Jacksonville

Insurance Journal

Ryan Specialty, a publicly traded provider of specialty products for insurance agents, brokers and carriers, has agreed to buy US Assure Insurance Services of Florida, a company specializing in builder’s risk insurance.

Risk 264
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J&J MGA Acquires Georgia-Based Strickland General Agency

Insurance Journal

Johnson & Johnson, a managing general agency working in 48 states, has acquired Strickland General Agency in Suwanee, Georgia, J&J announced. The deal closed July 31. Terms were not disclosed.

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Ambac Completes Buy of Majority Stake in London’s Beat Capital Partners

Insurance Journal

Ambac Financial Group said it has completed the acquisition of a 60% controlling stake in London-based Beat Capital Partners for about $282 million, up to $40 million of which will be paid in shares of Ambac common stock.

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Marsh McLennan Agency Completes Acquisition of Illinois’ The Horton Group

Insurance Journal

Marsh McLennan Agency, a business of Marsh and a leading provider of business insurance, employee health & benefits, retirement & wealth, and private client insurance solutions across North America, today announced the completion of its previously announced agreement to acquire …

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Orion180 Launches Homeowners Insurance in Ohio

Insurance Journal

Orion180 has announced its expansion into the Buckeye State. According to a press release, the company now offers homeowners insurance services and coverage in Ohio through Orion Select Insurance Co., Orion180’s admitted insurance carrier.

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Tesla Registers Insurance Brokerage in China, National Corporate Database Shows

Insurance Journal

Tesla registered an insurance broking firm in China at the end of July, based on a national corporate information database, in a sign that the U.S.

Insurance 275
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Captain in California Scuba Boat Fire Must Pay $32K to Families of 3 of 34 People Killed

Insurance Journal

A scuba dive boat captain was ordered to pay about $32,000 in restitution to the families of three of the 34 people killed in a fire aboard the vessel in 2019.

Liability 256
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People Moves: Wrigley to Lead DeCotis Commercial Lines Team

Insurance Journal

DeCotis Specialty Insurance, headquartered in Providence, Rhode Island, named Jessica Wrigley as director of commercial lines. Wrigley’s responsibilities include overseeing the commercial lines division, managing key customer and carrier relationships, developing new business opportunities and supervising high-value renewals.

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Hong Kong Hits AIA With Record Fine for Anti-Money Laundering Lapses

Insurance Journal

AIA Group Ltd. was subject to a record fine of HK$23 million ($2.9 million) by the Insurance Authority for anti-money laundering oversight, as the city’s regulators steps up scrutiny of the industry.

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What You Need to Know About 2024 Federal Prescription Reform

Insurance Journal

This post is part of a series sponsored by PCF Insurance Services.

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