Monthly Archives: <span>April 2018</span>

Judge Awards North Carolina Residents $163M Over Dam Breach

North Carolina residents whose community dam was damaged by Hurricane Matthew and later breached by the state have won a $162.5 million judgment against the corporation that owns it. The Fayetteville Observer reports that Woodlake residents released a statement last …

Tennessee Issues $12K in Fines, Revokes Licenses of 3 Insurance Producers

Three former Tennessee insurance producers who violated provisions of Tennessee’s insurance law have been hit with civil penalties totaling $12,000 and forced to surrender or have revoked their insurance licenses, according to a statement from the Tennessee Department of Commerce …

With Deficits Rising, Michigan’s State Auto Reinsurer Again Raising Assessments

The Michigan Catastrophic Claims Association is once again raising its annual assessment to support the state’s no-fault auto insurance system, which uniquely guarantees unlimited lifetime medical benefits. And state Rep. Brett Roberts, R-Charlotte, wants to know why. “The fund has …

Arkansas Woman Arrested on Insurance Fraud, Arson, Theft Charges

An Arkansas woman has been arrested on multiple felony charges related to arson and insurance fraud, the state department of insurance reported. The Arkansas Insurance Department said Kittie Louise Payton, 55, of Little Rock, was arrested by AID’s Criminal Investigation …

Over 7 Tons of BBQ Beef Recalled by Ohio Company

Federal authorities say an Ohio-based food company is recalling more than 14,000 pounds of pulled barbeque beef products that could be contaminated with rubber. The U.S. agriculture department’s Food Safety and Inspection Service reports that J.T.M. Provisions Co. of Harrison …

Court: Northern Michigan Inn Not Liable for Girl’s Bonfire Burns

The Michigan Supreme Court has ruled in favor of a century-old inn in a lawsuit over hot coals on a Lake Michigan beach. The court says Watervale Inn is protected by a law that shields landowners from liability during recreational …

Natural Disasters Cost Insurers a Record $144 Billion in 2017: Swiss Re’s sigma

Global insured losses from natural catastrophes were US$144 billion in 2017, the highest-ever recorded in a single year, according to the latest sigma study from the Swiss Re Institute. The biggest losses came from Hurricanes Harvey, Irma and Maria (HIM), …

Ohio’s Central Insurance Promotes Korte to VP, Information Technology

The Central Insurance Companies, headquartered in Van Wert, Ohio, has promoted Matt Korte to vice president of Information Technology for both Central Mutual Insurance Co. and All America Insurance Co. Korte succeeds John White, who has retired. Korte began his …

Arthur J. Gallagher Acquires Houston’s Integrity Transportation Insurance

Arthur J. Gallagher & Co. has acquired Houston-based Integrity Transportation Insurance Agency LLC. Terms of the transaction were not disclosed. Integrity Transportation Insurance Agency is a retail property/casualty broker serving Texas-based transportation clients, primarily long-haul truckers. Hudson Knox III and …

Consumer Reports Reaches $16.4M Settlement in Michigan Data Privacy Case

The publisher of Consumer Reports magazine has reached a $16.375 million settlement of a lawsuit claiming it violated Michigan privacy law by selling readers’ subscription and personal data to third parties without their consent. A preliminary settlement of the proposed …