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Category: Insurance Journal

Kansas Won’t Legalize Medical Marijuana for at Least a Year
Insurance Journal | May 1, 2024
Kansas Won’t Legalize Medical Marijuana for at Least a Year
TOPEKA, Kan. (AP) — Kansas will remain among the handful of states that haven’t legalized the medical use of marijuana or expanded their Medicaid programs for at least another year. Republican state senators on Friday blocked efforts to force debates …
Houthis Attack Four Ships in Indian Ocean, Red Sea
Insurance Journal | May 1, 2024
Houthis Attack Four Ships in Indian Ocean, Red Sea
Yemen’s Houthis said on Tuesday they targeted the MSC Orion container ship in a drone attack in the Indian Ocean as part of their ongoing campaign against international shipping in solidarity with Palestinians against Israel’s military actions in Gaza. MSC …
16 Nabbed in Florida Sting Operation for Failing to Get Workers’ Comp Coverage
Insurance Journal | May 1, 2024
16 Nabbed in Florida Sting Operation for Failing to Get Workers’ Comp Coverage
A sting operation in Manatee County, Florida, has led to the arrest of 16 men who were working without a contractor’s license and without securing workers’ compensation insurance on their employees. The sting was led by the Manatee Sheriff’s office …
Growing Wildfire Risk Leaves States Grappling With How to Keep Insurers From Fleeing
Insurance Journal | May 1, 2024
Growing Wildfire Risk Leaves States Grappling With How to Keep Insurers From Fleeing
Months after a catastrophic fire burned more than 2,200 homes in Hawaii, some property owners are getting more bad news—their property insurance won’t be renewed because their insurance company has deemed the risk too high. It’s a problem that has …
J&J Advances $6.48 Billion Settlement of Talc Cancer Lawsuits
Insurance Journal | May 1, 2024
J&J Advances $6.48 Billion Settlement of Talc Cancer Lawsuits
Johnson & Johnson said Wednesday it is moving forward with a $6.48 billion proposed settlement of tens of thousands of lawsuits alleging that its baby powder and other talc products contain asbestos and cause ovarian cancer. The deal would allow …
BNSF Becomes 2nd RR to Sign on to Anonymous Federal Safety Hotline for Workers
Insurance Journal | May 1, 2024
BNSF Becomes 2nd RR to Sign on to Anonymous Federal Safety Hotline for Workers
OMAHA, Neb. (AP) — BNSF will become the second major freight railroad to allow some of its employees to report safety concerns anonymously through a federal system without fear of discipline. The Federal Railroad Administration announced Thursday that the railroad …
State AG, Atlantic City Casino Union Ask Judge to Dismiss Anti-Smoking Lawsuit
Insurance Journal | May 1, 2024
State AG, Atlantic City Casino Union Ask Judge to Dismiss Anti-Smoking Lawsuit
Atlantic City’s main casino workers union and the New Jersey attorney general this week asked a judge to dismiss a lawsuit brought by a different union that seeks to ban smoking at the city’s nine casinos. Local 54 of the …
Louisiana Lawmakers Repeal ‘Three-Year Rule’ that Barred Policy Cancellations
Insurance Journal | May 1, 2024
Louisiana Lawmakers Repeal ‘Three-Year Rule’ that Barred Policy Cancellations
Property insurers in storm-swept Louisiana could soon gain much more flexibility over policy cancellations if the governor signs House Bill 611 into law, as expected. The state House of Representatives this week approved the bill by a vote of 82 …
Ryan Specialty Completes Acquisition of Castel Underwriting Agencies From Arch
Insurance Journal | May 1, 2024
Ryan Specialty Completes Acquisition of Castel Underwriting Agencies From Arch
Ryan Specialty, the Chicago-based international specialty insurance firm, announce it has completed the acquisition of Castel Underwriting Agencies from Arch Financial Holdings (UK) Ltd. and minority shareholders. Headquartered in London, Castel is a managing general underwriting (MGU) platform with additional …
Tornadoes Damaged 7,200 Residential Properties, Left $2B in Reconstruction Costs
Insurance Journal | May 1, 2024
Tornadoes Damaged 7,200 Residential Properties, Left $2B in Reconstruction Costs
The tornadoes that ripped through parts of Nebraska, Iowa and Oklahoma late last week damaged some 7,200 homes, leaving a reconstruction tab of $2.1 billion, according to CoreLogic, the data analytics firm. Some 127 tornadoes spun out of a severe …