Monthly Archives: <span>December 2022</span>

Tennessee Pauses Highway Lane Closures, Some Construction During Holidays

Tennessee officials are halting nearly all construction-related lane closures on interstates and state highways for Christmas and New Year’s holiday travelers. The Tennessee Department of Transportation says the closures will be paused from Friday morning until the morning of Jan. …

Progressive Lowers Loss Estimate From Hurricane Ian By $400M

The Progressive Corp. said Dec. 21 that its loss and allocated loss adjustment expenses (ALAE) in the property business are estimated to be $1 billion from, prior to reinsurance, from Hurricane Ian. The insurer said this reflects favorable development of …

One Dead, Another Injured During Ammonia Leak at Massachusetts Food Plant

A 68-year-old man died and another man was taken to the hospital for treatment after an ammonia leak at a food processing facility in Massachusetts, authorities said. Police officers and firefighters went to the plant in Norwood at about 11 …

Monsanto Moves to Halt School Demolition by Vermont City Suing It Over PCB Chemicals

BURLINGTON, Vt. (AP) — The manufacturer of chemicals that are forcing Vermont’s largest city to tear down its high school wants to block the demolition, saying that would result in the destruction of evidence. Burlington’s school board sued Monsanto in …

Hollywood Christmas Disaster Claims Mostly Covered: Insurance.com

The folks at Insurance.com decided to step into the roles of insurance claims adjusters to figure out whether some of the over-the-top holiday disasters that happened in the movies—ranging from Christmas tree fires to burglar booby traps—would be covered by …

Top Court Grants a Mulligan, Overturns $3.5M Penalty Against Club for Errant Golf Balls

The Massachusetts Supreme Judicial Court has granted a country club another shot at defending itself after a jury last year penalized it $3.5 million for golf balls veering onto a homeowner’s adjacent property. The state’s high court ordered a retrial …

UK Insurers, Banks Hope for Substantive Financial Services Reforms in 2023

After a jarring six months marked by sweeping policy promises, U-turns and four Chancellors of the Exchequer, UK financiers head into 2023 uncertain that the coming year will finally usher in substantive reforms to the City of London. Current Chancellor …

Awkward Insurance Ranked in Top 50 Insurance Podcasts List

Austin, TX., December 22, 2022 – The National Alliance for Insurance Education & Research is proud to announce that their acclaimed podcast, Awkward Insurance, was chosen as one of the Top 50 Insurance Podcasts on the web by Feedspot. Hosted …

Insurance Rates to Stay Flat for Shipments of Ukraine Grain: Lloyd’s Insurer Ascot

A cargo insurance facility providing cover for shipments via Ukraine’s grain export corridor will continue next year with no rate increases, an underwriter with Lloyd’s of London insurer Ascot said on Thursday. Twenty-one insurers are part of the facility, which …

Investigators Probe Failure of Italy’s Vega C Rocket; Satellite Insurers Expect Profit Hit

An investigation is being launched after the latest version of Italy’s Vega C rocket failed on its second mission, destroying two Earth-imaging satellites and further complicating Europe’s access to space on top of the war in Ukraine. Launch firm Arianespace …