News

AIG to Move High Net Worth Homeowners to E&S

Peter Zaffino, CEO of American International Group (AIG), said the company’s ongoing analysis of the increased frequency and severity of natural catastrophes has led to a decision to move the high-net worth homeowners business to excess and surplus lines in …

Insurers Taking Battle with Commissioner to Washington Supreme Court

Insurer groups this week sought to take their battle with Washington Insurance Commissioner Mike Kreidler to the Supreme Court of Washington. The American Property Casualty Insurance Association, the Professional Insurance Agents of Washington, and the Independent Insurance Agents and Brokers …

Louisiana Lawmakers Launch Probe Into Fatal Arrest of Black Motorist

Declaring “no cover-up will be tolerated,” Louisiana’s top GOP lawmaker announced a bipartisan legislative investigation into the deadly 2019 arrest of Black motorist Ronald Greene, an inquiry that will examine the state’s response at “all levels,” from troopers to the …

Gasoline Tanker Crashing Into Long Island Building Causes Major Blaze, Fuel Spill

ROCKVILLE CENTRE, N.Y. — A tanker carrying 9,200 gallons (34,825 liters) of gasoline overturned, crashed into a vacant building and burst into flames on Long Island early Wednesday, shutting down traffic for hours and spilling fuel into the sewer system, …

Parts of Mississippi Valley, Mid-South Under Tornado Watch

A tornado watch is in effect for parts of Arkansas, Louisiana, Mississippi and Tennessee until 6:00 p.m. CST, Thursday Feb. 16, according to the National Weather Service. The NWS said to expect “Severe thunderstorms with damaging winds and a few …

People Moves: National Interstate Promotes Los to President; Rockford Promotes Pair

National Interstate Promotes Shawn V. Los to President and Chief Operating Officer National Interstate Insurance Company, a member of Great American Insurance Group, has promoted Shawn V. Los to president and chief operating officer. Mr. Los joined National Interstate in …

New Strain of Bird Flu Related to 2015 Virus

Farms that raise turkeys and chickens for meat and eggs are on high alert and taking steps to increase biosecurity, fearing a repeat of a widespread bird flu outbreak in 2015 that killed 50 million birds across 15 states and …

4 Insurers, 5 Policies to Pay $73M Sandy Hook Settlement Against Gunmaker Remington

A federal bankruptcy court in Alabama has approved insurance payments totaling $73 million by four insurers to the families of the victims of the Sandy Hook massacre. The settlement with gunmaker Remington Arms and its companies, which are now in …

Many Faith Leaders, Denominations Wary of Religious Exemptions for Vaccine

By the thousands, Americans have been seeking religious exemptions in order to circumvent COVID-19 vaccine mandates, but generally they are doing so without the encouragement of major denominations and prominent religious leaders. From the Vatican, Pope Francis has defended the …

Elon Musk, Tesla Attack SEC for ‘Unrelenting’ Harassment

Tesla Inc. TSLA.O and its Chief Executive Elon Musk on Thursday accused the U.S. Securities and Exchange Commission (SEC) of harassing them with an “endless” and “unrelenting” investigation to punish Musk for being an outspoken critic of the government. The …

News Archives by Month