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‘Deceptive’ Denial, Conflicting Policy Wording Costs Philadelphia Indemnity in Court

The insurer first said it would pay to repair a breezeway at a student housing complex that partially collapsed during a Saturday night student party. Then it said it wouldn’t, and sent the policyholder a “confusing” and “deceptive” denial letter …

People Moves: EPIC Adds Ponter in Houston; Goosehead Promotes 10 Managing Directors

Kathleen Ponter Joins EPIC Insurance Brokers & Consultants in Houston EPIC Insurance Brokers & Consultants has added Kathleen Ponter to its Houston Property & Casualty team as a producer. Ponter will utilize her property and casualty experience to provide risk …

AM Best Withdraws Credit Ratings of Old Glory Insurance Company

AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb” (Good) of Old Glory Insurance Company, based in Tyler, Texas. Concurrently, AM Best …

Small Businesses Are Burning Out: Survey

According to a recent survey by Next Insurance, small businesses are feeling stressed and frustrated by the state of the economy and inflation. Only 29% of respondents said they felt optimistic about an economic recovery in the next year, according …

Risk Strategies Acquires Texas’ Advisor Brokerage Services

Risk Strategies has acquired full-service insurance brokerage and risk management consulting firm Advisor Brokerage Services (ABS). Terms of the deal were not announced. Although well established in the state, ABS is the first acquisition in Austin, Texas, for Risk Strategies. …

Jury Awards $1.5M to Family in California Mistaken Body ID Case

A Southern California jury on Tuesday awarded $1.5 million to the family of a man who was mistakenly declared dead by authorities, resulting in a stranger being buried in the family plot. A Superior Court jury found the Orange County …

New Mexico Safety Arm Finds Rust Production Showed ‘Plain Indifference’ on Set

A safety report concludes that Rust Movie Productions LLC management knew that firearm safety procedures were not being followed on set and they “demonstrated plain indifference to employee safety by failing to review work practices and take corrective action.” The …

Risky Driving Increases as Sleep Apnea Worsens

Drivers who have sleep apnea can be a high risk behind the wheel, according to new research that also suggests screening older drivers for the common disorder. People with sleep apnea wake up tired in the morning, no matter how …

Alabama Man Charged with Fraud After Hummer Found Buried

Alabama sheriff’s deputies this week arrested a man they say buried a Hummer six years ago after filing an insurance claim on the vehicle. Bruce Parnell was taken into jail in Washington County, in southwest Alabama, after authorities received a …

South Carolina Ban on ‘Squatting’ Vehicles Inches Closer, But Time Running Out

A bill that would ban so-called “squatting trucks” that have their front ends lifted so much that the driver can’t fully see the road has passed a key committee, but time is running out in the South Carolina General Assembly. …

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