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The Top 15 U.S. Metros with High Exposure to Wildfire Risk

The number of wildfires per year is going down, but the increasing size and intensity of the fires is creating more property damage than ever before – in fact, the average fire size has tripled over the past 30 years, …

Everton FC Buyer Accused of Fraud, Double-Pledging Assets in Lawsuit

Lenders to 777 Partners have accused it of fraud, claiming that the Miami-based investment firm borrowed against $350 million of assets that it didn’t own, didn’t exist or were already promised to someone else. Josh Wander, co-founder of 777 Partners, …

Update: Fannie Mae Guidelines Raise Concerns, Could Bar ACV Coverage for Homes

An updated guideline from Fannie Mae, if it stands, could throw a wrench into the property-casualty insurance industry’s move toward actual cash value for more homeowners and condo coverage. A Fannie Mae spokesperson said the government-backed mortgage corporation, which supports …

Hub Acquires Cargill Agency of Massachusetts

Insurance broker Hub International Limited announced it has acquired the assets of William R. Cargill Insurance Agency, Inc. Terms of the transaction were not disclosed. Based in Topsfield, Massachusetts, Cargill Insurance is a family owned and operated insurance agency providing …

Monsanto Gets $185 Million PCB Verdict Tossed in Washington

Bayer AG’s Monsanto unit persuaded an appeals court in Washington state to throw out a $185 million jury award to three former teachers at a Seattle-area school who blamed exposure to the firm’s toxic chemicals for their brain injuries. A …

Runaway Steel Drum From Construction Site Kills Woman

A steel drum weighing thousands of pounds somehow rolled out of a construction site in Pittsburgh and eventually struck and killed a woman who was walking on a nearby sidewalk, police said. The accident occurred around 10:40 a.m. last Friday …

Crews Demolish Connecticut I-95 Overpass Damaged During Fuel Truck Inferno

A bridge damaged in a fiery crash that kept Interstate 95 in Connecticut closed Thursday and Friday has been demolished. A live camera operated by the Connecticut Department of Transportation on Saturday showed excavators and bucket loaders scooping up rubble …

Hawaii Governor Sets up Climate and Disaster Team to Develop Resilience Policy

Hawaii Gov. Josh Green has formed a Climate Advisory Team (CAT) made up of experts and stakeholders to deal with the challenges of climate disasters and to build a roadmap for the state’s strategy to mitigate the financial impact of …

People Moves: JM Wilson Hires Kemp; Vermont Mutual Promotes Gilbert

JM Wilson Hires Kemp as Transportation Renewal Underwriter JM Wilson, headquartered in Portage, Michigan, hired Corey Kemp as transportation renewal underwriter. Kemp is responsible for underwriting renewal commercial transportation accounts, corresponding with carrier underwriters and maintaining relationships with independent agents …

Takeaways from Our Conversation on Captives for Cannabis

Want further proof the cannabis industry is no longer the “red-headed stepchild” it is too often viewed as? Just ask TJ Frost? Frost is president of Symphony Grow, which recently launched a captive program that Frost seed as evidence that …

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