May 23, 2024
LUFKIN, Texas (AP) — U.S. Highway 59, a major evacuation route from Houston, has been a problem for East Texas for decades. And as flooding rivaling that of Hurricane Harvey inundated the region in April, the highway closed in several …
May 23, 2024
The Modern Group, Ltd. (TMG), headquartered in Beaumont, Texas, and one of its subsidiaries, Dragon Rig Sales and Service, LLC, a manufacturing and service company which builds oilfield service equipment for energy and industrial companies, will pay $35,000 and furnish …
May 23, 2024
Vermont Governor Phil Scott has signed into law legislation updating certain sections of the state’s captive insurance statute including sections governing minimum capital requirements for agency captives and captives’ use of parametric contracts. The new law (H. 659) adds explicit …
May 23, 2024
The National Oceanic and Atmospheric Administration (NOAA) today predicted an 85% chance of an above-average Atlantic hurricane season, with up to 25 named storms. “The upcoming Atlantic hurricane season is expected to have above-normal activity due to a confluence of …
May 23, 2024
Parts of the central US stretching from North Dakota to northern Texas, including Dallas, face an enhanced risk from severe thunderstorms, strong wind, hail and possibly tornadoes on Thursday, the US Storm Prediction Center said. Flood watches have also been …
May 23, 2024
Arthur J. Gallagher & Co. announced that its U.S. wholesale brokerage, binding authority and programs division, Risk Placement Services, Inc. (RPS), has acquired Golden Valley, Minnesota-based CCI Surety, Inc. Terms of the transaction were not disclosed. Founded by Michael Williams …
May 23, 2024
The U.S. Justice Department and a group of 30 states and the District of Columbia Thursday sued to break up Live Nation, arguing the big concert promoter and its Ticketmaster unit illegally inflated concert ticket prices and hurt artists. “It …
May 23, 2024
The largest single-site, not-for-profit retirement community in the US is selling municipal bonds to finance an expansion, less than two years after Hurricane Ian caused as much as $85 million of damages. Fort Myers, Florida-based Shell Point Retirement Community plans …
May 23, 2024
A coalition of U.S. business groups has filed a lawsuit seeking to block a Biden administration rule that would extend mandatory overtime pay to 4 million workers, saying it goes too far. The groups filed a complaint in U.S. District …
May 23, 2024
The U.S. homeowners insurance segment posted its worst underwriting results in over a decade in 2023, according to an analysis by S&P Global Market Intelligence. The net combined ratio for the homeowners business, excluding policyholders’ dividends, was 110.5 in 2023, …