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Freedom Specialty Launches Lease Protection for Property Owners, Managers

Freedom Specialty Insurance Co. has launched the Freedom Lease Protection Plan policy, which is designed to indemnify multifamily property owners and managers (POMs) against collection losses from tenant defaults. POMs can use the coverage as a means to eliminate traditional …

Survey: Michigan Businesses Confident About Growth

The latest Michigan Future Business Index survey of small and midsize business leaders shows unequalled confidence in the state’s business economy and a rekindled desire to reinvest in their own future, according to Accident Fund Insurance Company of America. Business …

Maine Cancer Patient Gets $200K for Misdiagnosis

A Maine man who was told he had only months to live because of an aggressive Stage 4 pancreatic cancer is still alive more than four years later. And a jury has awarded him $200,000 for the doctor’s misdiagnosis. It …

Claims Pros’ Own Survival Skills Tested in Oklahoma Tornadoes

Michael Pelonero came to Moore to help victims of the May 20th tornado. But he hadn’t planned on trying to outrun one. When a massive EF-5 twister cut a swath through the central Oklahoma suburb of Moore, it left 24 …

N.J. to Offer Lifetime Benefits to Spouses of Police, Fire Personnel Killed on Duty

In New Jersey, a measure that would provide workers’ compensation benefits to spouses of certain deceased fire and police personnel for the entire period of survivorship was signed into law last Thursday. The newly signed law (S-1469/A-2756) allows surviving spouses …

Police: 1 Dead, 7 Hurt in 2nd Louisiana Plant Blast

A second blast in two days has killed a worker at a south Louisiana chemical plant, just miles from the site where two workers were killed a day earlier. The latest explosion also injured seven people, some severely, State Police …

More than 63K Insurance Claims so Far from St. Louis Tornadoes

The major insurance companies serving the St. Louis area have received more than 6,300 claims from residents with damage from tornadoes that struck the area on May 31, according to Missouri insurance regulators. The Missouri Department of Insurance said insurance …

2nd Victim Dies After Blast at Geismar, Louisiana Chemical Plant

An explosion and fire at a Louisiana chemical plant claimed a second victim on June 14 as federal authorities were piecing together the cause of the blast that injured dozens more. Scott Thrower, 47, of St. Amant, died at Baton …

Torrance in, Fouché Out as Fireman’s Fund President and CEO

Andrew Torrance has been named the new president and chief executive officer of Fireman’s Fund Insurance Co., succeeding Lori Fouché who left for Prudential Financial Inc. Torrance, Fireman’s Fund’s fifth executive at the helm since 2007, is expected to assume …

Oklahoma Commissioner Advises Insurers to Delay Nonrenewals

Insurance Commissioner John D. Doak has issued a bulletin to all Oklahoma-licensed property and casualty insurers and insurance producers, advising them to keep customers on their current policies for at least 60 days after the completion of repairs. The move …

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