The U.S. Consumer Product Safety Commission (CPSC) said on Wednesday it has sued Amazon.com Inc. to force the retailer to recall hundreds of thousands of hazardous products that it had distributed on its platform. By a 3-1 vote, the CPSC …
A perfect storm appears to brewing for homeowners and property insurers in the drought-plagued, wildfire-riddled U.S. West – and as odd as it may sound, the trouble may have begun with the pandemic. Property insurance rates and availability for homeowners …
Prosecutors want jurors to conclude that suspended Georgia Insurance Commissioner Jim Beck was running a $2 million scam to bilk money from the property insurer he led before being elected. Defense attorneys say Beck was actually an innovative executive who …
Norwegian Cruise Line Holdings filed a lawsuit against Florida’s surgeon general on Tuesday July 13 over a state law that bans businesses from requiring proof of COVID-19 vaccination from customers. The cruise operator will continue to require full vaccinations for …
AM Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of “a-” (Excellent) to Vantage Risk Specialty Insurance Co. (Vantage Risk) in Chicago. Vantage Risk is a newly added member to Vantage Group …
The Boston-based homeowners insurance platform, Openly, is now available for homeowners and independent insurance agents in Oklahoma. Independent insurance agents in Oklahoma can now access Openly’s premium, transparent and comprehensive coverage, obtaining quotes in seconds. Oklahoma marks the 11th state …
Total estimated insured losses on land from Hurricane Elsa will be around $290 million. About $240 million of that was from wind and storm surge in the U.S., while the Caribbean islands suffered about $50 million, Boston-based Karen Clark & …
The Salon and Spa Specialty Insurance Agency, or SASSI, launched a business owners policy (BOP) for smaller salons and spas. The BOP is intended for boutique salons and spas with focused service offerings that may not need all coverage available …
The Capital One Tower, a 22-story building that has stood tall over Lake Charles for nearly 40 years is still empty nearly a year after Hurricane Laura’s 150-mph winds knocked out windows up and down the building last August. The …
A series of wheat field fires in western Michigan prompted an arson investigation, authorities said. Two fires were reported recently just outside the village of Waldron, according to the Hillsdale Daily News. The first fire damaged 15 acres with a …
