Because Lighthouse Property Insurance Co. is domiciled in Louisiana, Florida’s insurance regulators probably won’t put the troubled company through the receivership and liquidation process in the Sunshine State. But that doesn’t mean the Florida Insurance Guaranty Association will be able …
Rhode Island will get $15 million through a settlement with major oil and gas companies that allegedly polluted the state’s soil and groundwater with a gasoline additive, the attorney general announced. Rhode Island Attorney General Peter Neronha said the case, …
A California appeals court has upheld a lower court ruling that Johnson & Johnson must pay penalties to the state for deceptively marketing pelvic mesh implants for women, but reduced the amount by $42 million to $302 million. Johnson & …
Formerly licensed insurance agent David Lance Hall, 64, of Bakersfield, California, was arraigned this week in Kern County Superior Court on six felony counts of theft and misappropriations of fiduciary funds after allegedly stealing money from his clients that was …
Boston-based specialty insurance broker One80 Intermediaries reported that it has acquired New York-based Seacoast Specialty Administrators, Inc. Terms of the deal were not disclosed. Established in 1997, Seacoast is a family-owned wholesale broker and program manager specializing in commercial marine …
Climate change made the 2020 Atlantic hurricane season noticeably wetter, and it will likely make this season rainier, too, scientists said. Human-caused climate change made the entire season drop about 5% more rain. During the 14 storms that reached hurricane …
While many large corporations have announced ambitious pledges to achieve net-zero emissions by the middle of the century, their commitments vary and the chances all (or even most) will attain their stated goals remains more than unlikely. Still, when one …
In another case involving the notorious Strems Law Firm, a Florida man has been charged with operating as an unlicensed claims adjuster and promising homeowners free roofs and kitchens to be paid for by an insurance carrier, state authorities said. …
Asked for the latest thoughts on the role of the broker in managing client expectations against the headwinds of a difficult casualty insurance market, one panelist during Advisen’s Casualty Insights Conference said the “art of the broke needs to come …
AM Best has downgraded the Financial Strength Rating to A- (Excellent) from A (Excellent) and the Long-Term Issuer Credit Rating to “a-” (Excellent) from “a” (Excellent) of Louisiana Farm Bureau Mutual Insurance Company (Louisiana Farm Bureau) (Baton Rouge, LA). The …
