News

DOXA Insurance Holdings Acquires AGIA in California

AGIA Inc. in Carpinteria, Calif., and its sister company Worldwide Rescue and Security, Inc. have been acquired by DOXA Insurance Holdings LLC. Terms of the deal were not disclosed. AGIA will continue operations under the leadership of CEO Chris Burke, …

Florida Regulators to Hold Hearing on Comp Rate Decrease

Florida insurance regulators are set to hold two hearings in the next three weeks to examine workers’ compensation rates and worker notification issues. On Oct. 14, the Office of Insurance Regulation will host a virtual public rate hearing to discuss …

10 Years On, Florida AOB Case Goes Back to Trial Court

It started out as a relatively minor automobile accident a decade ago. Now, after multiple appeals and more than a million dollars spent on expert witnesses, a Florida appeals court has again remanded a State Farm assignment-of-benefits case to the …

6th Circuit Reverses Finding That COVID Orders Caused Direct Physical Loss

A federal appellate court reversed a rare policyholder win in a COVID-19 related business-interruption claim, once again holding that government orders that restrict the use of a property do not constitute a “direct physical loss or damage” that requires coverage. …

South Dakota Fire Threatens 500 Homes; FEMA OKs Firefighting Funds

FEMA on Oct. 4 authorized the use of federal funds to help with the cost of fighting the Auburn Fire in Pennington county, on the north side of Rapid City, South Dakota, that is threatening 500 homes. Around 1,000 people …

West Texas Gas Companies to Pay $8M on Fines, Compliance After Worker Deaths

The U.S. Justice Department said five subsidiaries of West Texas Gas Inc. will spend $8 million on fines and compliance measures to settle alleged Clean Air Act violations and claims resulting from fatal chemical accidents. The companies will pay up …

‘Ambiguous’ Flood Deductible May Cost Carriers That Insured New Orleans Hotel

The redevelopment of the historic Jung Hotel and Residences in downtown New Orleans flooded four times before renovations were complete. The two insurers that issued a builder’s risk policy for the project thought they had limited their risk, but a …

Fungus Endorsement Outweighs Resulting Loss in Florida State Farm Case

A Florida appeals court has reversed a trial judge, finding that a homeowner’s State Farm policy did not cover damages from a septic tank leak because of a fungus endorsement on the policy. In State Farm Florida Insurance Co. vs. …

People Moves: IMA Adds MacConnell; Lockton Names Wong Vice President in California

IMA Financial Group named Donna MacConnell senior vice president, managing director of claims. MacConnell has more than 30 years in the industry, having led claims and coverage departments, and served as an individual contributor in personal and commercial lines. Before …

Officials: No Foul Play in Fatal Wyoming Fire

Investigators say they do not believe foul play was involved in a house fire that killed a southern Wyoming man and displaced his wife and three children. Firefighters called to the home southwest of Laramie early morning found the structure …

News Archives by Month