A decision by a Florida jury to impose punitive damages of $23.6 billion against R.J. Reynolds Tobacco Co. on Friday is likely to be rejected on appeal or the award reduced substantially, lawyers with expertise in jury awards said on …
Independent insurance agency BKCW L.P. of Killeen, Texas, and Greater Texas Insurance Managers and Agency of Austin merged operations effective July 1, 2014. Greater Texas Insurance Managers and Agency will continue to do business at its current location on Anderson …
Kansas Insurance Commissioner Sandy Praeger currently is making the annual funds distribution to state and local firefighter relief organizations. Nearly $12 million will be distributed among 569 local Firefighters Relief Associations (FRAs) across the state. That is nearly $342,000 more …
Louisiana insurance regulators say St. Charles Parish homeowners can expect significant rate reductions in their fire insurance premiums, effective Aug. 11. Commissioner of Insurance Jim Donelon says the new rates will affect those in Fire District 8 — the Destrehan …
Minnesota communities are trying to bounce back from last month’s flooding as damage estimates continue to rise. The state’s deputy director of Homeland Security and Emergency Management, Joe Kelly, said last month’s excessive rainfall led to a unique disaster. “It’s …
What are the rules governing insurance agents in Texas on rebates, referrals and rewards, and why do they matter? For starters, at a minimum, an agent could lose their license for violating rules regarding such activities. And, they could potentially …
Insured losses to vehicles, homes and commercial property from the June 12 hailstorm in Abilene, Texas, are expected to hit $400 million, the Insurance Council of Texas (ICT) reported. Leroy Perkins of the Perkins Insurance Agency in Abilene said the …
A home in Burnet County, Texas, that was picked up and carried 100 yards by a tornado in June, was reinforced according to its owner, Trenton Ashworth. When the twister hit, the family of four took cover in a bathroom. …
State Farm’s 308,000 Louisiana homeowner’s customers are confronting an unpleasant change: their policies now include a mandatory 5 percent hurricane deductible. State Farm spokesman Gary Stephenson told The Advocate that the hurricane deductible was included on new policies in November …
A new study explains how just four wells forcing massive amounts of drilling wastewater into the ground are probably shaking up Oklahoma. Those wells seem to have triggered more than 100 small-to-medium earthquakes in the past five years, according to …
