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Paper Links Social Learning and Flood Insurance Uptake

Short but severe flooding that followed hurricanes Harvey and Irma in 2017 triggered a nationwide increase in flood insurance take-up driven by a county’s social network proximity to flooded areas, says a new academic paper. The authors’ study tapped the …

People Moves: Everest Names Buonpane Head of Casualty Specialty, Industry Practices; Allied World Appoints Kranz A&E Lead

Everest Insurance Names Buonpane to Head of Casualty Specialty Lines and Industry Practices Everest Insurance North America, headquartered in Warren, New Jersey, hired Stephen Buonpane to the newly created role of senior vice president, casualty specialty lines and industry practices. …

Major World Economies Seek to Halt New Private Sector Coal Financing

Some of the world’s major economies want to finalize a plan ahead of this year’s U.N. climate summit to halt new private sector funding for coal projects, five sources with direct knowledge of the matter told Reuters. If approved, the …

Latest Trial Over Zantac Cancer Claims Called Off as Plaintiff Drops Case

A woman who claimed in a lawsuit that GSK’s discontinued heartburn drug Zantac caused her breast cancer dropped her case shortly before it was set to go to trial in Illinois state court on Monday, the company announced. GSK said …

Homeownership Costs in US Jumped 26% Since Pandemic Began

The cost of owning a home in the US has increased 26% since 2020, as expenses including taxes, insurance and utilities all soared during a period of high inflation across the economy. The average annual outlay for owning and maintaining …

Contractors Can’t Advertise ‘Insurance Negotiating’ Skills, Texas Supreme Court Says

A contractor cannot be the public adjuster on a claim and cannot advertise itself as an insurance claims negotiator if it does not hold an adjusters’ license, the Texas Supreme Court decided in a case that could give support to …

People Moves: CSAA Names Huebner EVP of Commercial Insurance

CSAA Insurance Group named Jeff Huebner executive vice president of commercial insurance. Huebner is responsible for the distribution of commercial insurance under the Mobilitas brand. Huebner has been with CSAA Insurance Group for more than 22 years and has more …

Police Say No Charges Will Be Filed in Lobster Monster Truck Crash

A police investigator concluded no criminal charges were warranted after a lobster-themed monster truck clipped a power line, causing some scary moments with live wires falling to the ground. Two people were taken to hospitals. Several people were injured Saturday …

Massachusetts High Court Reverses, Says Uber Can Force Paralyzed Rider to Arbitrate

Uber can require that a passenger seriously injured in a crash involving an Uber driver go to arbitration over his $63 million damages claim without a trial, the highest court in Massachusetts has ruled, overturning a lower court. The Massachusetts …

Reuters: Walmart Opposes New York Plan to Add Panic Buttons to Stores

Retail giant Walmart says it is against putting panic buttons in stores – a move that the New York legislature wants to require under a new law aimed at keeping retail workers safe. On Friday, the New York State Senate …

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