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Tag: insurance-journal

Georgia Insurance Office Uses Appointment Fees to Help Fund New Elevator Inspectors
Insurance Journal | May 30, 2025
Georgia Insurance Office Uses Appointment Fees to Help Fund New Elevator Inspectors
Elevator inspections in Georgia have been an issue for years, exacerbated by the death of an 18-year-old athlete who was trapped and crushed between floors in a faulty elevator in 2021. Now, the Georgia insurance commissioner says his office has …
Trump’s Tariffs to Remain in Effect After Appeals Court Grants Stay
Insurance Journal | May 29, 2025
Trump’s Tariffs to Remain in Effect After Appeals Court Grants Stay
A federal appeals court temporarily reinstated the most sweeping of President Donald Trump’s tariffs on Thursday, a day after a trade court had ruled Trump had exceeded his authority in imposing the duties and ordered an immediate block on them. …
Searing Heat in California and West Threatens to Break Temperature Records
Insurance Journal | May 29, 2025
Searing Heat in California and West Threatens to Break Temperature Records
A short-lived heat wave will send temperatures soaring across California and the U.S. West through the weekend, elevating power demand and raising the risk of health impacts. At least 26 daily records may be broken or tied across the West …
Cotality: Over 33 Million Properties at Risk of Hurricanes, Creating ‘Liquidity Traps’
Insurance Journal | May 29, 2025
Cotality: Over 33 Million Properties at Risk of Hurricanes, Creating ‘Liquidity Traps’
Cotality said it has identified more than 33.1 million residential properties from Texas to Maine with a combined reconstruction cost value of $11.7 trillion at least moderate risk of sustaining damage from hurricane-force winds. The property data provider, formerly known …
AM Best Revises Outlook to Negative for Oklahoma Farm Bureau Mutual
Insurance Journal | May 29, 2025
AM Best Revises Outlook to Negative for Oklahoma Farm Bureau Mutual
AM Best has revised the outlook to negative from stable for the Long-Term Issuer Credit Rating (Long-Term ICR) and affirmed the Financial Strength Rating (FSR) of B++ (Good) and the Long-Term ICRs of “bbb+”(Good) for the members of the Oklahoma …
Train Strikes Family on Ohio Railroad Bridge, Killing 3
Insurance Journal | May 19, 2025
Train Strikes Family on Ohio Railroad Bridge, Killing 3
Two women and a 5-year-old girl died after a train struck the family members while they were on a railroad bridge over a northern Ohio river, authorities said Monday. Crews equipped with sonar had been scouring the Sandusky River through …
Federal Jury Awards $405K Verdict Against Florida Senior Living Facility
Insurance Journal | May 19, 2025
Federal Jury Awards $405K Verdict Against Florida Senior Living Facility
A federal jury awarded $405,083 to a veteran in a disability discrimination case against a St. Petersburg, Fla. senior living facility and its operating companies, the U.S. Equal Employment Opportunity Commission (EEOC) announced. According to the EEOC’s suit, The Princess …
California Commissioner Launches Smoke Claims & Remediation Task Force
Insurance Journal | May 19, 2025
California Commissioner Launches Smoke Claims & Remediation Task Force
A new task force has been formed to develop standards in California for insurance coverage and clean-up of smoke-damaged homes. California Insurance Commissioner Ricardo Lara announced the formation of a Smoke Claims & Remediation Task Force within the California Department …
Turbulent Waters May Have Been Factor in Mexican Ship’s Crash Into Brooklyn Bridge
Insurance Journal | May 19, 2025
Turbulent Waters May Have Been Factor in Mexican Ship’s Crash Into Brooklyn Bridge
When a Mexican navy tall ship crashed into the Brooklyn Bridge, it was maneuvering in turbulent waters. The tide had just turned, and a fast current was heading up the East River as a 10 mph wind set in. While …
Illinois Chemical Manufacturer Reaches $400K Settlement With EPA
Insurance Journal | May 9, 2025
Illinois Chemical Manufacturer Reaches $400K Settlement With EPA
The U.S. Environmental Protection Agency announced a settlement for alleged violations of the Clean Air Act with Nalco Production LLC and Nalco Co. LLC. The companies manufacture polymer blend chemicals at their facility at 6216 W. 66th Place in Chicago, …