Insurance Journal – Page 22 – Ben Few & Company, Inc.

Insurance Journal | January 17, 2025

Louisiana Citizens Ends Assessment on Property Policies Ahead of Schedule

The Louisiana Citizens Property Insurance Corporation (Louisiana Citizens) Board of Directors voted last week to end the 1.36% assessment it makes on all residential and commercial property insurance policies in the state in April of this year. The assessment, which …

Insurance Journal | January 17, 2025

Wisconsin’s Rural Mutual and Badger Mutual Finalize Affiliation Agreement

Rural Mutual Insurance Company and Badger Mutual Insurance Company, with a combined 227 years of providing farm, commercial, and personal policies, have finalized their affiliation agreement based on regulatory approval from the Wisconsin Office of the Commissioner of Insurance (OCI) …

Insurance Journal | January 17, 2025

Cleveland City Files Lawsuit to Prevent Browns’ Move to Suburban Dome

Cleveland’s fight to keep the Browns from moving from downtown and into a proposed dome in the suburbs has taken yet another legal turn. The city has filed a lawsuit to stop the NFL team from leaving Cleveland’s lakefront when …

Insurance Journal | January 17, 2025

Deere & Co. Accused of Forcing Farmers to Use Authorized Dealers for Equipment Repair

Deere & Co. unfairly forces farmers to visit authorized dealers to repair their equipment, resulting in higher prices than if they could fix it themselves or get help from independent shops, the Federal Trade Commission claims in a federal lawsuit …

Insurance Journal | January 10, 2025

The Most Important LA Wildfire Stories to Know About

As firefighters gain more control over what have become the most destructive wildfires in U.S. history in a matter of days, the scale of the destruction and losses is becoming clearer. Despite the cacophony of a world stage that includes …

Insurance Journal | January 10, 2025

Minnesota Judge Orders MyPillow to Pay $778K to Delivery Service DHL

A Minnesota judge has ordered MyPillow to pay nearly $778,000 for unpaid bills and other costs to package delivery service DHL, which had sued the company that’s synonymous with its founder, chief pitchman and election denier Mike Lindell. The award …

Insurance Journal | January 10, 2025

Texas AG Files Second Lawsuit Against TikTok Over Explicit Content

Texas Attorney General Ken Paxton on Thursday sued TikTok for the second time in recent months, accusing the social media company of violating deceptive trade law by downplaying its addictiveness and exposing children to explicit material. The suit argues that …

Insurance Journal | January 10, 2025

Winter Storm Sweeps US South, Grounding More Than 2,000 Flights

A powerful winter storm sweeping the US South has grounded more than 2,000 flights, halted passenger trains and threatens the region with heavy snowfall. As of 7:15 a.m. New York time, 2,043 flights around the US were canceled, more than …

Insurance Journal | January 10, 2025

Re/Insurance Losses From LA Wildfires Expected to Be Significant but Manageable: S&P

Insurers are facing significant losses from the catastrophic Los Angeles wildfires — given the high value of homes and businesses in the affected communities. However, those losses are likely to be manageable for both insurers and their reinsurers, with preliminary …

Insurance Journal | January 10, 2025

$1.7B in Block Grants Awarded to North Carolina Governments for Helene Recovery

ASHEVILLE, N.C. (AP) — North Carolina governments are receiving over $1.65 billion in federal block grant money to help address historic levels of damage caused by Hurricane Helene in western North Carolina. The money — $1.43 billion for North Carolina …