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Archive: December 2024

Senate Committee Reveals Climate Change Danger to Financial System
Insurance Journal | December 20, 2024
Senate Committee Reveals Climate Change Danger to Financial System
A Senate Budget Committee report shows how dangerous climate change is to the nation’s financial system as well as how bad it could be for homeowners seeking affordable insurance. A Senate Budget Committee Staff report out this month, Uncovering the …
Medicare Advantage Whistleblower Case Settled in New York
Insurance Journal | December 19, 2024
Medicare Advantage Whistleblower Case Settled in New York
US authorities have reached a settlement to resolve a whistleblower case alleging that a New York state health insurer systematically defrauded the federal Medicare program by exaggerating how sick members were in order to boost profits. The settlement was disclosed …
US Banning Drone Flights Over New Jersey Utility Transmission Sites
Insurance Journal | December 19, 2024
US Banning Drone Flights Over New Jersey Utility Transmission Sites
The Federal Aviation Administration on Thursday said it was temporarily barring drone flights over 22 utility locations in New Jersey amid public concern. The FAA said the decision to bar drones for 30 days at the sites was made in …
Car Crashes in Foggy Weather Injure 33 People Near New Orleans
Insurance Journal | December 19, 2024
Car Crashes in Foggy Weather Injure 33 People Near New Orleans
NEW ORLEANS (AP) — Several people were injured Tuesday morning after foggy conditions contributed to several car crashes that forced the closure of the 24-mile-long (38.6-kilometer-long) bridge connecting the north and south shores of southeast Louisiana’s Lake Pontchartrain. By early …
Texas Property Management Companies Pay $55K in Disability Discrimination Suit
Insurance Journal | December 19, 2024
Texas Property Management Companies Pay $55K in Disability Discrimination Suit
Texas property management companies Castle Hills Master Association Inc., Bright Realty LLC, Bright Industries LLC, and Bright Executive Services LLC will pay $55,000 and furnish other relief to settle a disability discrimination lawsuit filed by the U.S. Equal Employment Opportunity …
Malibu Fire Explodes in Size, Forces Thousands to Evacuate
Insurance Journal | December 10, 2024
Malibu Fire Explodes in Size, Forces Thousands to Evacuate
A Southern California wildfire whipped by “particularly dangerous” winds destroyed homes, shut schools and spurred the evacuation of thousands of people near Malibu. The Franklin Fire has now scorched about 2,600 acres after starting late Monday and remains out of …
Hub Acquires Fairfield County Bank Insurance Agency
Insurance Journal | December 10, 2024
Hub Acquires Fairfield County Bank Insurance Agency
Global insurance broker Hub International Limited announced that it has acquired the assets of Fairfield County Bank Insurance Services, LLC. Terms of the transaction were not disclosed. Headquartered in Ridgefield, Connecticut, with additional offices across the state and in New …
Swarm of Moderate to Strong Quakes Hit Alaska’s Aleutian Islands
Insurance Journal | December 10, 2024
Swarm of Moderate to Strong Quakes Hit Alaska’s Aleutian Islands
A series of moderate to strong earthquakes that struck Alaska’s western Aleutian Islands and offshore areas Sunday comprised what scientists call a “swarm,” but the state’s earthquake monitors said the seismic events should not cause residents to worry. There were …
Texas Mutual Awards $4.5M in Grants to Support Workforce Safety
Insurance Journal | December 10, 2024
Texas Mutual Awards $4.5M in Grants to Support Workforce Safety
Texas Mutual Insurance Company is announcing the recipients in the second round of its 2024 request for proposal initiative. The company is awarding more than $4.5 million to nearly 70 organizations across the state to support their efforts in workforce …
Iowa Woman Pleads Guilty to Fraudulent Injury Scam at Casino
Insurance Journal | December 10, 2024
Iowa Woman Pleads Guilty to Fraudulent Injury Scam at Casino
An Iowa woman pled guilty to one count of presenting false information to an insurer over an alleged fraudulent injury at a casino, following an investigation by the Iowa Insurance Division’s Fraud Bureau. Tonya Weber, age 35, of Marshalltown, pled …