Archive: August 2024

California Legislature Passes Bill to Support Insurance Fraud Detectives
Insurance Journal | August 30, 2024
California Legislature Passes Bill to Support Insurance Fraud Detectives
California lawmakers passed a bill to help close the pay gap between the California Department of Insurance’s fraud detectives and officers in other state agencies. The California Senate and Assembly this week passed Assembly Bill 2872, which would support the …
‘Potentially Explosive’ Military Devices Involved in Deadly Arkansas Crash
Insurance Journal | August 30, 2024
‘Potentially Explosive’ Military Devices Involved in Deadly Arkansas Crash
BRINKLEY, Ark. (AP) — A crash on Interstate 40 in Arkansas involving two tractor-trailers and a truck carrying “potentially explosive” military devices killed one person and backed up traffic for hours on the busy highway, officials said. The crash Monday …
RLI Insurance Wants 16% Rate Hike in Florida on Umbrella, Filing Shows
Insurance Journal | August 30, 2024
RLI Insurance Wants 16% Rate Hike in Florida on Umbrella, Filing Shows
Florida’s insurance commissioner in early August noted that rate increases by property-casualty insurers in the state have slowed significantly since 2023 legislative reforms were enacted, with 12 carriers asking for a small decrease this year and another two dozen filing …
TDI to Hold Two Public Meetings on TWIA’s Filing of 10% Rate Increase
Insurance Journal | August 30, 2024
TDI to Hold Two Public Meetings on TWIA’s Filing of 10% Rate Increase
The Texas Department of Insurance will hold two public meetings in September on the Texas Windstorm Insurance Association’s annual rate filing increase of 10% for residential and commercial properties. TDI will host a meeting on Monday, Sept. 23 in Galveston …
Specialist Risk Group Acquires Renewal Rights of London-Based Taxi Insurance Broker
Insurance Journal | August 30, 2024
Specialist Risk Group Acquires Renewal Rights of London-Based Taxi Insurance Broker
Specialist Risk Group (SRG) announced the acquisition of the ongoing renewal rights of Morton Insurance Brokers, a specialist in private hire and taxi insurance across the UK since 1987. Financial details of the transaction were not disclosed. The acquisition strengthens …
4 Killed, 10 Injured When Passenger Van Rolls Over in Texas Highway Crash
Insurance Journal | August 30, 2024
4 Killed, 10 Injured When Passenger Van Rolls Over in Texas Highway Crash
ALVORD, Texas (AP) — Four people were killed and 10 were injured when a van rolled multiple times after the driver veered off a Texas highway and then overcorrected Wednesday, authorities said. The crash happened just before 8 a.m. on …
Northwestern University Cheerleader Drops Sexual Harassment Lawsuit
Insurance Journal | August 30, 2024
Northwestern University Cheerleader Drops Sexual Harassment Lawsuit
EVANSTON, Ill. (AP) — A cheerleader has dropped her federal sexual harassment lawsuit against Northwestern University. Hayden Richardson filed the lawsuit in the Northern District of Illinois in January 2021 alleging drunken fans and alumni groped her at school-sanctioned events …
Climate Change Intensified Typhoon Shanshan, Study Says
Insurance Journal | August 30, 2024
Climate Change Intensified Typhoon Shanshan, Study Says
Typhoon Shanshan, which struck southern Japan this week with heavy rain and strong winds, was likely intensified by climate change, according to a study from Imperial College London. Researchers with the university teased out the contribution of global warming to …
Severe Storms Leave Over 300K Michigan Homes and Businesses Without Power
Insurance Journal | August 30, 2024
Severe Storms Leave Over 300K Michigan Homes and Businesses Without Power
ROYAL OAK, Mich. (AP) — Crews for two of Michigan’s largest utilities were working to restore power Wednesday to more than 300,000 homes and businesses left in the dark amid hot, muggy conditions after severe storms toppled trees and snapped …
Salvage of Stricken Oil Tanker in Red Sea Expected in Coming Days, Sources Say
Insurance Journal | August 30, 2024
Salvage of Stricken Oil Tanker in Red Sea Expected in Coming Days, Sources Say
A salvage operation to recover a Greek registered oil tanker stranded in the Red Sea after an attack by Houthi militants is expected to start in the coming days, two sources with knowledge of the matter said on Friday. What …