Family Dollar to Pay $41M Over Rodent-Infested Distribution Center March 18, 2024 Family Dollar agreed to pay $41.7 million for holding food, drugs, medical devices, and cosmetics under insanitary conditions at company’s...
Skeptical AM Best Tags US D&O Segment With Negative Outlook March 18, 2024 By Chad Hemenway Rating agency AM Best has assigned a negative outlook to the U.S. directors and officers liability insurance segment as more...
AccuWeather Warns of ‘Super-Charged’ 2024 Hurricane Season March 18, 2024 By Ezra Amacher AccuWeather experts warn that the return La Nina and historically warm water across the Atlantic Ocean could contribute to a...
3 Emerging Risks: AI-Driven Civil Unrest, Heavy EVs, Solar Panel Safety March 18, 2024 By Lee Shavel Technology is poised to take over traditional markets and is rapidly creating new ones. For example, this trend is evidenced...
Southern California Edison to Pay $80M to US Over 2017 Wildfire March 18, 2024 By Jonathan Stempel Southern California Edison agreed to pay the United States $80 million to cover costs and damages incurred by the U.S....
State Farm Sues Norfolk Southern Over Ohio Train Derailment March 18, 2024 By Ezra Amacher State Farm Insurance brought forth a subrogation lawsuit against Norfolk Southern over damages to a pair of East Palestine, Ohio...
Report Looks at Cumulative Trauma and Litigated Claims in California Workers’ Comp March 18, 2024 A California Workers’ Compensation Institute study shows nearly half of all litigated claims in the Los Angeles Basin are cumulative...
Illinois Insurance Agent Sentenced 7 Years for Swindling Premiums March 18, 2024 The owner of a suburban Chicago insurance agency has been sentenced to seven years in federal prison for swindling more...
Symphony Risk in California Launches Captive Program for Cannabis Industry March 4, 2024 Symphony Grow is launching a bespoke captive insurance program for large and sophisticated cannabis businesses called “Symphony Grow Captive.” The...
Continued Growth for Surplus Lines in 2023 as Premiums Up 14.6% March 4, 2024 By Chad Hemenway The excess and surplus lines market continued to grow in 2023, with premium reaching nearly $73 billion according to data...