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Ironshore Forms Oil & Gas Facility for Middle Market Energy Sector

Ironshore Specialty Casualty has formed Ironshore Energy Solutions, a dedicated oil & gas facility, offering liability coverages for on-shore middle market energy classes in the United States. Ironshore Insurance Services LLC, its specialty managing general agency, will deliver capacity to …

Palomar Specialty Launches Residential Flood Program in California

Palomar Specialty Insurance Co. has launched Flood Guard, a private flood program in California that uses an advanced and granular proprietary rating system. Palomar used catastrophe modeling firm AIR Worldwide’s probabilistic flood model for the United States in its rate …

California Court Says Commissioner Can Prohibit Pass Thru of Advertising Costs

A California Court of Appeal had decided in favor of California Insurance Commissioner Dave Jones in a case against Mercury Insurance Co. and a coalition of insurance industry groups, which sued Jones to challenge his authority regarding “institutional” or “brand” …

R Street Applauds Texas Bill to Rein in Hail Claims

The R Street Institute applauded the introduction today of S.B. 10, legislation to rein in the growth in Texas hail-related litigation. The bill, sponsored by state Sen. Kelly Hancock, R-North Richland Hills, would provide revisions to Texas law, preserving the …

Beyonce Faces $20M Copyright Lawsuit in Louisiana from Youtube Star’s Estate

The estate of a late New Orleans YouTube star has filed a $20 million copyright infringement lawsuit against Beyonce over the use of his voice in her “Formation” video. The estate of Anthony Barre, who went by the name Messy …

Suspected Shooter in Oklahoma Accused of Stealing Insurance Money

Federal investigators say an Oklahoma man who fatally shot himself this week after being suspected of killing two people was facing felony charges connected to an insurance scheme. An FBI affidavit alleges that 55-year-old Timothy Michael Deffner of Norman stole …

Good and Bad of Private Equity Investment in Insurance Agencies

It takes a lot of capital for an insurance agency to grow, acquire, merge or partner with another agency, and increasingly, private equity firms are stepping up to the plate to supply that funding. Although the number of reported mergers …

DuPont to Pay $670M Over Teflon-Making Chemical Leak in West Virginia

DuPont said on Monday it agreed to pay $670.7 million in cash to settle several lawsuits related to a chemical leak from a plant in West Virginia. The company said it settled about 3,550 personal injury claims arising from the …

School Bus, SUV Collision in North Carolina Kills 1

Officials in Catawba County say one person was killed when an SUV collided with a school bus. Local media outlets report the Catawba County Schools said a driver, a monitor and three students were on the bus at the time …

Customer in Florida Salon Injured by Gunshot from Next-Door Gun Store

A customer at a nail salon in Florida was accidentally shot after an employee of a gun store next-door inadvertently discharged a gun. The Pinellas County Sheriff’s Office said in a news release that 19-year-old Yaminah Gilbert was shot in …

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