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Archive: November 2023

Oregon Regulator to Investigate Pacificorp’s Request to Limit Wildfire Liability
Insurance Journal | November 30, 2023
Oregon Regulator to Investigate Pacificorp’s Request to Limit Wildfire Liability
Oregon’s utility regulator this week said it would investigate a petition by PacifiCorp to limit its liability from future wildfire-related lawsuits, delaying a decision on the power provider’s request by as long as nine months. In October, the Berkshire Hathaway …
Internet Research Shows Californians May Add to Risk of Fire Hazards
Insurance Journal | November 30, 2023
Internet Research Shows Californians May Add to Risk of Fire Hazards
By most measures, California usually tops the list of the states most at risk of fires. But a new report shows the state’s residents and their desires to stay warm in chillier months may be making the state even riskier. …
Higginbotham Adds Texas’ Marshall Young Insurance
Insurance Journal | November 30, 2023
Higginbotham Adds Texas’ Marshall Young Insurance
Higginbotham has announced a strategic alliance with Marshall Young Insurance of Cleburne, Texas, a firm known for providing specialized business insurance options to a wide range of clients. Founded in 1965 by Marshall Young as a construction, real estate, and …
New York Governor Seeks Federal Disaster Aid for Downstate for September Floods
Insurance Journal | November 30, 2023
New York Governor Seeks Federal Disaster Aid for Downstate for September Floods
New York Governor Kathy Hochul has requested a major disaster declaration from President Joe Biden to support the ongoing recovery of downstate communities affected by the significant flooding occurring during a two-day period in late September. If granted by the …
Missouri Employers Will See Reduced Workers’ Compensation Rates in 2024
Insurance Journal | November 30, 2023
Missouri Employers Will See Reduced Workers’ Compensation Rates in 2024
The Missouri Department of Commerce and Insurance said that employers should see a reduction in workers’ compensation rates in 2024, the third straight year of declining rates. The NCCI recently proposed an overall decrease of 7.5 percent for 2024 workers’ …
Former Owner of Collapsed Michigan Dam Faces $120 Million Judgment for Environmental Damage
Insurance Journal | November 30, 2023
Former Owner of Collapsed Michigan Dam Faces $120 Million Judgment for Environmental Damage
DETROIT (AP) – The former owner of a Michigan dam is on the hook for roughly $120 million sought by the state for environmental damage when the structure failed after days of rain in 2020, a judge said. But it`s …
Fort Worth, Texas Approves $3.5 Million For Child Who Witnessed Aunt`s Fatal Shooting by Officer
Insurance Journal | November 30, 2023
Fort Worth, Texas Approves $3.5 Million For Child Who Witnessed Aunt`s Fatal Shooting by Officer
FORT WORTH, Texas (AP) – A Texas city on Tuesday approved a $3.5 million settlement for a child who witnessed his aunt being fatally shot through a window of her home by a police officer four years ago. The Fort …
Consumer Reports: On Average, Electric Vehicles Less Reliable Than Gas Vehicles
Insurance Journal | November 30, 2023
Consumer Reports: On Average, Electric Vehicles Less Reliable Than Gas Vehicles
Electric vehicles have proved far less reliable, on average, than gasoline-powered cars, trucks and SUVs, according to the latest survey by Consumer Reports, which found that EVs from the 2021 through 2023 model years encountered nearly 80% more problems than …
Meta Asks Appeals Court to Tell FTC it Cannot Reopen Privacy Case
Insurance Journal | November 30, 2023
Meta Asks Appeals Court to Tell FTC it Cannot Reopen Privacy Case
Meta Platforms, which owns WhatsApp, Instagram and Facebook, filed a lawsuit asking an appeals court to stop the U.S. Federal Trade Commission from unilaterally re-opening a consent agreement and ordering the social media giant to stop collecting revenue on data …
Woman Fell Through Floorboards and a Hidden Well Shaft in SC Home Fatality
Insurance Journal | November 30, 2023
Woman Fell Through Floorboards and a Hidden Well Shaft in SC Home Fatality
SALEM, S.C. (AP) — An 83-year-old woman who died when she fell through rotting floorboards in a century-old South Carolina house fell down a well shaft the owner didn`t know was there, authorities said. It took rescuers nearly four hours …