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FEMA Contractors Not Liable for Misrepresentations About Flood Risk

The North Fork of the White River in southern Missouri is a nationally known fly-fishing destination, teeming with brown and rainbow trout. The stream is fed from underground springs in the Ozark Mountains, keeping its waters cool on hot summer …

AIG Q1 Net Income Up as Underwriting Profit Soars

First quarter underwriting profit soared as AIG reported net income of $4.25 billion compared with $3.87 billion during the 2021 first quarter. Underwriting income in AIG’s General Insurance unit was $446 million during the first three months of 2022, compared …

Texan Insurance Acquires Marek in Texas

Texan Insurance acquired Marek Insurance effective Jan. 31, 2022 in an all-cash transaction. Crosby, Texas-based Marek is Texan’s second agency purchase in three months and bringing its employee count to 75. The entire staff from Marek Insurance will continue to …

U.S. SEC Ramps Up Crypto Fraud Oversight by Adding 20 Employees

The U.S. Securities and Exchange Commission (SEC) said on Tuesday it will add 20 positions to its enforcement unit for crypto markets in its push to curb fraudulent activities in the hot digital space. The securities regulator said the division …

Keystone Adds Texas’ Trimble-Batjer to Network

Keystone Insurers Group named Trimble-Batjer Insurance Associates, LLP of San Angelo and San Antonio, Texas to its growing network of Texas agencies. Trimble-Batjer focuses on commercial insurance and bonds, including oil & gas, farm & ranch, construction, manufacturing, non-profits, and …

Rating Firms Urge Florida Lawmakers to Take Swift Action on Litigation, Cat Fund

Two insurance company rating firms have joined the call for Florida lawmakers to approve decisive measures to stave off financial disaster for more property insurers. Legislation passed in 2019 and 2021, designed to deter assignment-of-benefits claims and reduce litigation, “has …

People Moves: Oberg Joins S&S Marine; UFG Surety Adds Kyner, Virginia Office

Oberg Joins S&S as Commercial Account Executive Rhode Island-based Starkweather & Shepley Insurance Brokerage (S&S) reports that Nathan Oberg has joined its commercial division and will focus on the marine industry. Oberg comes to S&S with experience in the marine …

2 Tornados Spotted in NE Illinois; Minimal Damage Reported

At least two twisters reportedly touched down briefly as part of a storm system that rolled across northeastern Illinois. One EF-0 tornado snapped tree branches and uprooted some trees as it traveled about two miles (3.2 kilometers) on the ground …

Balcony Collapse at Wisconsin Block Party Injures 3

Two people were taken to a hospital after a second-floor balcony collapsed and sent roughly a dozen people falling 15 feet to the ground during a annual block party in Madison that attracted thousands of college students. The Wisconsin State …

Several Rail Cars Burn After BNSF Train Derails in North Dakota

Several rail cars caught fire after at least 11 cars of a BNSF train derailed near Burlington, North Dakota early Sunday, but no injuries were reported. The railroad said in a statement that the train derailed between Minot and Des …

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