Tag: insurance-journal

NC Coaster Crack May Have Formed 6-10 days Before Ride Was Closed, Official Says
Insurance Journal | July 10, 2023
NC Coaster Crack May Have Formed 6-10 days Before Ride Was Closed, Official Says
An ongoing investigation by North Carolina`s Department of Labor found that a large crack in the support column of a towering roller coaster had been visible for at least a week before the amusement park shut it down for repairs. …
Washington Commissioner Sends Climate Risk Disclosure Survey to Insurers
Insurance Journal | July 7, 2023
Washington Commissioner Sends Climate Risk Disclosure Survey to Insurers
Washington Insurance Commissioner Mike Kreidler sent out his annual Climate Risk Disclosure survey, requiring insurance companies with more than $100 million in written premiums in the United States in 2022 to respond, his office announced on Friday. The survey was …
Farmers Limits New Homeowners Policies in California, Prompting Insurer Group to Call for Reform
Insurance Journal | July 7, 2023
Farmers Limits New Homeowners Policies in California, Prompting Insurer Group to Call for Reform
Farmers will limit new homeowners insurance policies in California, according to a statement issued by the carrier that follows a similar decision by State Farm last month and adds to a growing list of major carriers cooling on California. “We …
Texas Man Charged With Arson in 2018 Fire That Killed 5, Displaced 200 Others
Insurance Journal | July 7, 2023
Texas Man Charged With Arson in 2018 Fire That Killed 5, Displaced 200 Others
SAN MARCOS, Texas (AP) – Officials in San Marcos, Texas, have named the man charged with intentionally starting a fire five years ago which killed five people and displaced 200 others. Jacobe De Leon O Shea Ferguson, of Austin, was …
Fire Caused by Fireworks Kills 1, Injures 4 in East Texas
Insurance Journal | July 7, 2023
Fire Caused by Fireworks Kills 1, Injures 4 in East Texas
GILMER, Texas (AP) __ A man was killed and four other people were hurt after officials say a fireworks accident caused a large fire during preparations for an Independence Day event in East Texas. It was one of at least …
Three Florida Men Charged with Insider Trading on Trump Media IPO
Insurance Journal | June 30, 2023
Three Florida Men Charged with Insider Trading on Trump Media IPO
Three Florida men were arrested Thursday and charged with illegally making more than $22 million by insider trading ahead of the public announcement that an acquisition firm was going to take a media company owned by former President Donald Trump …
Frustration After Former NFL QB, Nine Others Drown at Florida, Alabama Beaches
Insurance Journal | June 30, 2023
Frustration After Former NFL QB, Nine Others Drown at Florida, Alabama Beaches
A firefighter from Georgia and two fathers who drowned while trying to save their children are among at least 10 recent victims of dangerous rip currents along Gulf of Mexico beaches stretching across Florida’s Panhandle to Mobile, Alabama. Many of …
Senate Confirms Humphreys as Pennsylvania Insurance Chief
Insurance Journal | June 30, 2023
Senate Confirms Humphreys as Pennsylvania Insurance Chief
The Pennsylvania Senate this week unanimously confirmed Michael Humphreys to serve as the state’s insurance commissioner. Governor Josh Shapiro nominated Humphreys, who previously served as acting commissioner, to the top position at the Pennsylvania Insurance Department in January. Humphreys succeeded …
Safety Concerns Dominate Norfolk Southern CEO’s Job Since Derailment
Insurance Journal | June 30, 2023
Safety Concerns Dominate Norfolk Southern CEO’s Job Since Derailment
Norfolk Southern’s CEO has spoken often of safety and better service since he took the job over a year ago, but it’s safety that has dominated discussions after one of his trains derailed and caught fire in February in Ohio, …
Kentucky Official Pleads Guilty to Crop Insurance Fraud
Insurance Journal | June 30, 2023
Kentucky Official Pleads Guilty to Crop Insurance Fraud
A central Kentucky farmer who is also a county official has changed his plea, admitting to charges of crop insurance fraud. Randall Taulbee, a Bourbon County magistrate, pleaded guilty to two counts of conspiracy to defraud the federal government’s crop …