Monthly Archives: <span>March 2021</span>

Florida to Hold Hearing on Proposed National Specialty 24.9% Rate Increase

The Florida Office of Insurance Regulation will conduct a virtual rate hearing this week on a proposed 24.9% rate increase filed by National Specialty Insurance Co. for its homeowners multi-peril lines of business. Velocity Risk Underwriters, LLC is the Florida …

One Month Later, Boil Water Advisory Lifted for Jackson, Mississippi Residents

After 30 days of boiling their water to get rid of contaminants and sometimes no water at all, Jackson residents are finally able to drink the water from the tap after officials lifted a boil water advisory put in place …

Minneapolis to Pay Floyd Family $27 Million in Civil Rights Lawsuit Settlement

The city of Minneapolis agreed to pay $27 million to settle a civil lawsuit from George Floyd’s family over the Black man’s death in police custody, as jury selection continued in a former officer’s murder trial. Council members met privately …

Massachusetts Court Says Associate Professor at Christian College Is Not a Minister

An associate professor at a Christian liberal arts college is not considered a minister and is therefore protected from discrimination during her employment, the Massachusetts Supreme Court has found. Typically, the ministerial exception applies to employees of religious institutions who …

Video Surveillance Leads to Workers’ Comp Fraud Charges Against California Woman

Veronica Catalina Cortes-Ambrosio, 53, of Madera, Calif., was charged on two felony counts of insurance fraud after allegedly lying about physical limitations from an injury at work in an attempt to receive undeserved workers’ compensation benefits. An investigation by the …

State Farm Returning $400M to California Auto Customers

State Farm is returning $400 million to California mutual auto insurance customers due to better than anticipated claim results, the company reported. The announcement comes as the California Insurance Commissioner Ricardo Lara earlier in mid-March said insurers in California continued …

Oregon Lawsuits Seek $1B from Pacific Power over Wildfires

Two new lawsuits filed in Marion County, Ore., seek more than $1 billion in damages from Pacific Power, claiming the utility’s negligence led to wildfires in the Santiam Canyon last year. The two lawsuits filed in mid-March represent over 100 …

California Comp Virus Claim Volume Plummeted in February

The wave of COVID-19 claims that hit the California workers’ compensation system at the end of 2020 has subsided for the time being as the number of claims reported to the state Division of Workers’ Compensation for February fell to …

Insurance Agents on the Front Line of Florida’s Mounting Property Market Problems

While carriers face growing financial losses in Florida’s distressed property insurance market, insurance agents are on the front lines trying to help their clients who are being hit with double-digit rate increases, non-renewals, coverage restrictions or refusals from the admitted …

Workers’ Comp Rates to Drop Again in Louisiana

Workers’ compensation insurance rates will continue to decrease in Louisiana with a new rate reduction beginning in May, the insurance department reported. Louisiana Insurance Commissioner Jim Donelon approved a loss cost filing by the National Council on Compensation Insurance (NCCI) …