insurance-journal – Page 133 – Ben Few & Company, Inc.

Insurance Journal | October 19, 2023

AM Best Withdraws Credit Ratings of Civil Service Employees Insurance Co. and CSE Safeguard Insurance Co. in California

AM Best has downgraded the Financial Strength Rating to B (Fair) from B+ (Good) and the Long-Term Issuer Credit Ratings to “bb” (Fair) from “bbb-” (Good) of Civil Service Employees Insurance Company and CSE Safeguard Insurance Company, which together comprise …

Insurance Journal | October 19, 2023

Higginbotham Adds Louisiana’s Bourg Insurance as Partner Agency

Higginbotham has joined forces with Bourg Insurance, a long-term family business with deep ties to the South Louisiana community. Founded in 1958 by Claude ‘Toby’ Bourg, Jr. and his wife Edith, Bourg Insurance is a personal and commercial property and …

Insurance Journal | October 19, 2023

Summer Heat May Have Cost Texas Economy $24 Billion: Dallas Fed

Each degree of warming in Texas slows the state’s economy, an analysis by economists at the Federal Reserve Bank of Dallas found. Extreme heat this year may have cost the Texas economy $24 billion, or reduced the state’s nominal gross …

Insurance Journal | October 19, 2023

Ameris Bank Agrees to Invest $9M in Jacksonville, Settling DOJ Redlining Charges

Ameris Bank, an Atlanta-based corporation with operations in seven Southeastern states, has agreed to invest $9 million in minority neighborhoods in Jacksonville, part of a settlement with the U.S. Department of Justice over alleged redlining practices. “As today’s case makes …

Insurance Journal | October 10, 2023

Police Didn’t Give Alabama Homeowner Time to Respond Before Opening Fire, Lawyer Says

DECATUR, Ala. (AP) — An attorney representing the family of a Black man who was fatally shot at his home by police said Friday that officers did not give the man time to respond before they opened fire. Steve Perkins, …

Insurance Journal | October 10, 2023

Hacker Puts 23andMe User Data Up for Sale on the Internet

An anonymous hacker is claiming to be selling “millions” of genetic profiles cobbled together from hijacked 23andMe customer accounts. The seller suggested the profiles, which include email addresses, photos, gender, date of birth and DNA ancestry, could be used to …

Insurance Journal | October 10, 2023

Most Homeowners Face Barriers to Improve Resiliency, Says APCIA Survey

As personal property owners face issues related to rising frequency and severity of natural catastrophes, a survey has found many do not have money or know where to start in order to mitigate damages. The American Property Casualty Insurance Association …

Insurance Journal | October 10, 2023

Is Mar-a-Lago Worth $1 Billion? Valuations at the Core of Trump’s Fraud Trial

FORT LAUDERDALE, Fla. (AP) — How much is Donald Trump`s Mar-a-Lago worth? That`s been a point of contention after a New York judge ruled that the former president exaggerated the Florida property`s value when he said it`s worth at least …

Insurance Journal | October 10, 2023

SpaceX Paid Her $92K While Men Got $115K Suit in California Says

SpaceX was accused in a lawsuit of discrimination for allegedly paying women and minority employees less than their male and White co-workers. The proposed class action, which cites California’s Equal Pay Act, was filed in Los Angeles Superior Court by …

Insurance Journal | October 10, 2023

Georgia Power to Pay $413M to Settle Lawsuit over Nuke Plant Cost Overruns

ATLANTA (AP) — Georgia Power Co. will pay $413 million to settle a lawsuit accusing the utility of reneging on financial promises to one of its nuclear reactor partners. The payments to Oglethorpe Power Corp., announced Friday, could hold down …