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Minnesota Lawmakers Disagree Over Drought Relief Package

Minnesota farmers and ranchers still reeling from last summer’s drought are asking the Legislature for urgency on relief, though lawmakers on either side of the aisle have yet to agree on what a final package should look like. Relief legislation …

Florida Insurers Crying Foul Over Slide’s ‘Favored’ Treatment in St. Johns Insolvency

The news that a startup Florida insurance company will assume $400 million in policies from the now-insolvent St. Johns Insurance Co. – without input from other carriers – has set tongues wagging and emails flying among Florida insurance executives. In …

Vermont Police Continue Probe Into 36-Car Pileup

Vermont State Police say the recent multi-car pileup on I-89 likely was the largest motor vehicle crash in state history. Thirty-six vehicles were directly involved in the crash Feb. 28 in heavy and blowing snow and icy road conditions. Another …

New Jersey Initiates Controlled Burns to Lessen Fire Risk in Pinelands

New Jersey environmental officials are fighting fire with fire, using so-called “controlled burns” to reduce the risk of future wildfires by burning pine needles, dead leaves and other dry underbrush. Removing potential fuel from the forest floor deprives future fires …

Hub Acquires Western Assurance Corp. in New Mexico

Hub International Ltd. acquired the assets of Western Assurance Corp. in Albuquerque, New Mexico. Chris Williams, president of Western Assurance, and the Western Assurance team will join Hub Southwest. Western Assurance is an independent agency providing insurance services, including commercial …

Medical Access in California Workers’ Compensation Examined

A new California Workers’ Compensation Institute study shows injured workers’ overall access to medical care for their initial treatment remained relatively consistent between 2010 and 2020. CWCI used data from more than 1.5 million job injury claims from accident years …

Markets/Coverages: Take1 Features Film Producers Package; Pathpoint Now Serving Restaurants; Nexus Specialty Targets Management Liability

Take1 Introduces Coverage for Documentary, Industrial, Commercial, and Educational Film Producers Thanks to the growing number of broadcast, cable and streaming platforms, the market demand for recorded filmed content has grown, creating new business opportunities for producers of documentary, industrial, …

Sept. 11 Victims Seek Seizure of Iran Oil From U.S.-Owned Tanker

Victims of the Sept. 11, 2001, attacks asked a U.S. judge to order the seizure of Iranian crude oil from a tanker owned by an American private equity firm, to help satisfy a $3.61 billion judgment against Iran over the …

Element Risk Management Acquires Pennsylvania’s Ross Insurance

Element Risk Management has acquired Ross Insurance, a personal and commercial lines agency located in Lancaster, Pennsylvania. Terms of the transaction were not disclosed. Ross Insurance was founded in 1960 by Bill Ross Sr. and Sondra Ross. Brothers Richhi Ross …

Russian Cyberattacks May Test Insurer War Exclusion Policy Language

The Russian invasion of Ukraine has increased the risk of cyberattacks and potential claim costs for property/casualty (P/C) insurers globally that offer cyber coverage, the majority of which is underwritten in North America. Such attacks may also further test the …

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