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Insurance Journal | September 9, 2024

Tropical Storm Francine Strengthens, Spurring Oil Shutdowns

Tropical Storm Francine strengthened as it moved north in the Gulf of Mexico, prompting oil drillers to evacuate crews and halt some offshore crude production, while the US Coast Guard warned shippers of approaching gale-force winds. Francine is expected to …

Insurance Journal | September 9, 2024

People Moves: Panos to Head Risk Strategies’ Chicago Office

Risk Strategies, headquartered in Boston, appointed Tom Panos as managing director of its Chicago office. Panos has over 15 years of experience in the insurance industry. He joined The Baldwin Group through its acquisition of Rosenthal Brothers in 2008 when …

Insurance Journal | September 9, 2024

FedEx Sued for Violating Federal Law by Discriminating Against Minnesota Driver

The Federal Express Corporation (FedEx) violated federal law when it failed to provide reasonable accommodations for qualified, disabled ramp transport drivers with medical restrictions, and instead forced them to take unpaid leave or fired them, the U.S. Equal Employment Opportunity …

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 …

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 …

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 …

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 …

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 …

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 …

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 …