Monthly Archives: <span>August 2024</span>

Colorado Workers with Bird Flu Toiled in Heat, Without Effective Protective Gear

Colorado workers who contracted bird flu were working during extreme heat and under large fans, factors that made wearing protective equipment difficult and potentially contributed to their infections, the U.S. Centers for Disease Control and Prevention said. The CDC had …

California Contractor Settles EEOC Harassment Charge

Fremont, California-based contractor Superior Automatic Sprinkler Co. agreed to provide monetary and injunctive relief to a construction worker following an investigation by the U.S. Equal Employment Opportunity Commission. The worker, who is transgender and identifies as queer, filed a charge …

With American Mobile Out, Florida’s Mobile Home Insurance Market Seems to Have ‘Fallen Apart’

Reinsurance in Florida’s long-stressed property insurance market was supposed to have stabilized this year – with only moderate rate increases and more availability. But those calmer waters apparently have not reached the mobile home market, and Florida insurance agents are …

North Carolina, Florida Home Sellers Are Facing New Flood Disclosure Requirements

As of July 1, home sellers in North Carolina must now disclose previous flood damage to properties. And come Oct. 1, Floridians must make similar disclosures, potentially boosting the demand for flood insurance. The North Carolina Real Estate Commission this …

Progressive to Pay $48M to New York Drivers Over Underpaid Total Loss Claims

Progressive Insurance has agreed to a $48 million settlement with a class of 93,000 New York policyholders who claim the insurer underpaid their total loss claims on their vehicles. The $48 million represents approximately 54% of the compensatory damages alleged …

Pennsylvania Task Force Urges Tax Breaks for Flood Damage, Mitigation and Insurance

Pennsylvania lawmakers should consider granting homeowners tax breaks for water damage expenses, mitigation and repair costs, and flood insurance premiums, according to a new state report. Those are several of the recommendations by a task force that studied ways to …

Captive Insurer Targets New York Affordable Housing Market

A new Vermont-based captive insurer is promising to provide insurance for New York affordable rental housing buildings at a time when advocates say coverage is difficult to afford or obtain. The Milford Street Association Captive Insurance Co. will be owned …

Congratulations Top 100 Agencies

This year marks the 20th annual publication of Insurance Journal’s Top 100 Independent Agencies special report. Again, a large majority of firms in the Top 100 saw notable increases in total property/casualty revenue year-over-year. From 2022 to 2023 the Total …

Youth Sports Liability Market in ‘Armageddon Mode’

Beset with massive rate increases, dramatic rejections of coverage, and severely dwindling market capacity, the current youth sports liability market is historically challenging, according to insurance professionals with expertise in the area. “I feel like there’s been a massive shift …

Business Moves

National Marsh McLennan Agency, The Horton Group Marsh McLennan Agency said it has a definite agreement to buy Illinois-based brokerage The Horton Group Inc. The deal is expected to close during the third quarter of 2024. Orland Park, Illinois-based Horton …