The Hartford to Discontinue Writing New Homeowners Policies in California

The Hartford confirmed this week it will discontinue writing new homeowners policies in California. The carrier reportedly has less than 1% of the state’s homeowners market. The Hartford issued the following statement follwing a request for comment for this article: …

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Natural Disaster Protection Gap Returned to ‘Average Levels’ in 2023

Global insured losses from natural catastrophes totaled $118 billion in 2023, according to Aon’s annual Climate and Catastrophe Insight report. That number represented 31% of the total economic loss caused by 398 global natural disaster events. While 2022 saw the …

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ALKEME Acquires Texas-Based Mogul Wealth Strategies

ALKEME announced the acquisition of Mogul Wealth Strategies, a multi-line independent insurance agency and wealth management firm located in Frisco, Texas and serving the entire United States. Founded in 1996, Mogul Wealth Strategies has been serving businesses and high-net-worth individuals …

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Inszone Acquires Kansas’ American Heritage Agency

Inszone Insurance Services announced the acquisition of American Heritage Agency, Inc., a well-established insurance agency that has been serving the Hays community in Kansas since 1999. This marks Inszone’s entry into the Kansas market. American Heritage Agency, Inc. has been …

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People Moves: Aspire in California Adds Gunter as General Counsel

Dale Gunter joined Aspire General Insurance as general counsel. Gunter’s previous role was with National General/Allstate. He has over 30 years of insurance experienced, joining National General Insurance when it was known as Integon Insurance in 1991. Gunter served as …

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Western U.S. States Had Among Highest Car Theft Rates, Report Shows

A new report shows Colorado has the most car thefts, while populous California made the top 10 list. The report’s authors analyzed data from the FBI’s Crime Data Explorer, which showed the amount of motor vehicle thefts in each state …

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Erie Strategic Ventures Backs Wagmo, Roots Automation, Trust & Will

Erie Strategic Ventures, the venture capital arm of Erie Insurance, has announced investments in three new portfolio companies: Wagmo, Roots Automation and Trust & Will. The three investments support startups operating in tech-enabled pet wellness and insurance, AI-powered insurance operations …

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California Emergency Services Official Sued for Sexual Harassment, Retaliation

A lawsuit accused a deputy director of the California Governor’s Office of Emergency Services of sexual harassment and retaliation against a senior employee while the agency did nothing to stop it. Ryan Buras, an appointee of Gov. Gavin Newsom, harassed …

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Cyclone Forming Near Australia’s Coast May Have ‘Severe Impact’

Australia’s resource-rich Queensland state is bracing for its second tropical cyclone in a little more than a month, with a storm off the coast expected to strengthen during the weekend. A tropical low developing in the Coral Sea is set …

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Insurer Blocked From Rescinding Policy After Fire Damage Claim Due to ‘Extra’ Apartment

New York City housing is often jammed into tight spaces. Old houses are carved into several apartments. Not all of them are legal. Alexi Home Design’s property in the Bronx had two official residences on the main floor and an …

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Vermont Continued to See Steady Growth in Captives in 2023

The Vermont Department of Economic Development reported the state licensed a total of 38 new captive insurance companies in 2023, making it now home to 659 captives. That growth made 2023 one of the best years since Vermont licensed its …

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US House Votes to Repeal Labor Board Rule on Contract, Franchise Workers

The Republican-led U.S. House of Representatives on Friday voted to repeal a federal labor board rule set to take effect in February that would treat companies as the employers of many contract and franchise workers and require them to bargain …

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Ukraine in Talks With Marsh on War Risk Insurance for Air Transport

Ukraine is discussing military risk insurance for air transportation with insurance broker Marsh and consulting firm Oliver Wyman, Ukraine’s National Security and Defense Council said on Friday. Air traffic over Ukraine has been suspended since Russia’s full-scale invasion in February …

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Judge Limits Delaware’s Sweeping Climate Change Lawsuit Against Fossil Fuel Companies

A judge has rejected several claims lodged by Delaware’s attorney general in a lawsuit alleging that the fossil fuel industry has downplayed the risks of climate change. Tuesday’s ruling significantly narrows the scope of the suit seeking to hold the …

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Two California Cities Among Most Likely to Experience Flood Damage

Two California cities made the list of cities most likely to experience flood damage in a new study. Stockton and Sacramento were among the most likely to experience flood damage based on data from the 200 largest cities in the …

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Massachusetts Hospital Wins COVID-19 Claim Under Disease Contamination Endorsement

A federal appeals court has ruled that a Massachusetts hospital is entitled to coverage for losses due to COVID-19 under a health care endorsement in its policy from Continental Casualty Co. The First Circuit Court of Appeals concluded that Lawrence …

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Gas Leak Suspected in Texas Hotel Explosion That Injured Over 20 People

Fire investigators said they have still not determined what caused an explosion at a historic Texas hotel that plunged two stories of debris into the basement, blew out windows and doors onto the streets of downtown Fort Worth and left …

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Class Action Numbers Dip in 2023, but Settlements Still Costing Billions

Class-action and government enforcement lawsuits continued to take a toll on corporate defendants in 2023, with ten $1 billion settlements and a total cost of $51.3 billion, according to a report released Tuesday by the DuaneMorris law firm. The total …

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Five Companies Agree to $7.2 Million Settlement for Polluting Two Ohio Creeks

TOLEDO, Ohio (AP) — Five companies have agreed to pay the federal government more than $7.2 million overall to resolve claims stemming from longstanding pollution in two adjacent creeks in the Maumee River watershed in northwestern Ohio. The settlement with …

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Maryland Governor Signs Order on AI Use, Creates Cybersecurity Task Force

Maryland Gov. Wes Moore on Monday announced a starting point for addressing the use of artificial intelligence in state government, as well as efforts to bolster cybersecurity. The governor signed an executive order that he described as setting fundamental principles …

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Tyson Foods, Cargill Suspend Kansas Beef Plants Due to Snowstorm

CHICAGO – Tyson Foods TSN.N and Cargill CARG.UL said on Tuesday it suspended operations at beef processing plants in Kansas due to a massive snowstorm, disrupting U.S. meat production. Cargill, a major producer of ground beef, said its plant in …

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ALKEME Acquires Texas’ Flor Insurance Group

ALKEME, announced the acquisition of Flor Insurance Group, a multi-line independent insurance agency located in El Paso, Texas and serving the entire United States. Founded in 2010, Flor Insurance Group is focused on insurance solutions for commercial trucking insurance with …

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Federal Agency Blames ‘Poor Safety Culture’ for 2021 D.C. Metro Train Derailment

A top federal transportation safety official on Thursday harshly criticized Washington’s regional transit agency, saying a “poor safety culture” led to an October 2021 derailment that caused hundreds of new Metro railcars to be pulled from service. A final National …

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Guards to Monitor Businessman’s Sites Under California Freeway Where Arson Occurred

More than a month after an arson fire at a storage yard damaged a key Los Angeles freeway, the state has hired security guards to watch out for smoke and other trouble at three additional sites beneath Interstate 10 that …

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New Mexico Revoked Licenses of Cannabis Growers and Fined Them $2M for Safety, Other Violations

New Mexico marijuana regulators revoked the licenses of two growing operations in a rural county for numerous violations and have levied a $1 million fine against each business. One of the businesses, Native American Agricultural Development Co., is connected to …

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Prominent Black Church in New York Sued by Yale Professor for Gender Bias

A Yale professor has filed a federal gender discrimination lawsuit against a prominent Harlem church after it did not hire her for its senior pastor job. The suit brought by Eboni Marshall Turman accuses Abyssinian Baptist Church and the search …

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Mutual Insurance Company of Arizona Declares $15M Dividend

The board of Mutual Insurance Company of Arizona declared a dividend for its policyholders totaling $15 million. The funds are to be allocated among current members, with plans for it tol be distributed in February 2024. The dividend represents roughly …

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Oregon Judge Refuses to Dismiss 2015 Climate Lawsuit Filed by Youth

A judge in Oregon rejected a U.S. Department of Justice request to dismiss a 2015 lawsuit brought by young people that alleges the federal government knew the dangers posed by carbon pollution but that it has continued through policies and …

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Report: Data From California Traffic Stops Shows ‘Pervasive Pattern’ of Racial Profiling

Black people accounted for nearly 13% of traffic stops in California in 2022, far above their 5% share of the state’s population, according to a report released Wednesday under a law designed to address racial profiling of motorists and pedestrians …

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Was Man Who Fell to Death in Train Station a Passenger or Trespasser? Court Wants to Know.

The federal circuit appeals court for the District of Columbia (D.C.) has asked D.C’s highest court for guidance on the standard of negligence in a case involving a noticeably intoxicated man who died after falling from a train platform into …

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Massachusetts Hospital Still Recovering From Christmas Cyber Incident

A cyber incident that reportedly began on December 24 disrupted the electronic medical records system and caused a Massachusetts hospital to send ambulances to other hospitals on Christmas day. Anna Jaques Hospital in Newburyport told WCVB-TV that it was again …

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People Moves: SES Risk Solutions in California Names Shenouda President

SES Risk Solutions, headquartered in Irvine, Calif., named Shaun Shenouda president. Shenouda takes over the role from Bill Mecklenburg, who recently assumed leadership of Alliant Underwriting Solutions as senior managing director. Shenouda previously served as chief operating officer of SES. …

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New York Governor Again Vetoes Bill Allowing Families’ Emotional Damages in Wrongful Deaths

New York Gov. Kathy Hochul has again vetoed legislation that would have changed the state’s wrongful death statute by letting families recover damages for emotional suffering from the death of a loved one. Hochul declined Friday to sign the Grieving …

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