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U.S. Flood Models Still in Infancy, So Underwriters Must Be ‘Cautious Consumers’

The market for privately written inland flood insurance in the United States is growing rapidly, but flood modeling is still in its infancy. As a result, underwriters need to be aware of the differences that exist among commercial flood models, …

2 Tornadoes Knock Out Power for 20K People in Kentucky

The National Weather Service has confirmed two tornadoes during severe storms in Kentucky that toppled trees and power lines. The weather service in Louisville says storms on Friday produced an EF-1 tornado in Hart County and an EF-0 tornado in …

3 Arrested in Georgia for Slip-And-Fall Fraud Scheme, 4th Suspect Sought

Three men were arrested last week for their participation in a staged accident ring operating in South Georgia, according to a statement from the Georgia Department of Insurance. Insurance Commissioner Ralph Hudgens said arrest warrants were issued to Germain Baynard, …

Ratings Agency Ignites Controversy Over Financial Strength of Florida Insurers

With Florida about to enter peak hurricane season, a state insurance association representing 15 insurers in Florida is hitting back against a recent report from ratings agency Weiss Ratings that identified 10 Florida-based insurers as “weak.” The insurer trade group, …

Contractor Cited in Worker’s Death at Indiana University

Indiana regulators have cited a contractor for serious workplace safety violations found following a worker’s death at an Indiana University construction site. Thirty-five-year-old William M. Brown Jr. of Bloomington died in April when a 10-foot-long limestone slab fell and killed …

Remodeler of Collapsed South Dakota Building Files for Bankruptcy

The Sioux Falls company that was remodeling the Copper Lounge building when it collapsed in December 2016 has filed for bankruptcy protection. The Argus Leader reports Hultgren Construction’s Chapter 11 filing will enable the company to reorganize as it faces …

Unexpected Iowa Tornadoes Flatten Buildings, Injure at Least 17

Thousands of people were without power Friday after a flurry of unexpected tornadoes swept through central Iowa, injuring at least 17 people and flattening buildings in three cities. The storms even surprised weather forecasters when they hit the region Thursday …

Inspector Last Year Reported Sunken Missouri Duck Boat Had Design Flaws

A private inspector said Saturday that he warned the company operating duck boats on a Missouri lake about design flaws putting the watercraft at greater risk of sinking, less than a year before the accident that killed 17 people during …

AssuredPartners Acquires Hutson Insurance Group in Texas

AssuredPartners Inc. has acquired the Hutson Insurance Group located in Plano, Texas. The Hutson Insurance Group is a full-service insurance broker that has served the Plano and the North Texas marketplace for over twenty years under the leadership of Brian …

Brown & Riding Adds Pike as Property Broker in Dallas

Brown & Riding Insurance Services Inc. has hired Ryan Pike as a property broker in its Dallas office. Pike specializes in placing difficult manufacturing as well as Property and Inland Marine risks in the oil and gas sector. He in …

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