property insurance News

Another Home Explosion in New Jersey Sends Five to Hospitals

WEST MILFORD, N.J. (AP) — Five people were transported to hospitals after an explosion at a New Jersey home on Friday night, police said. The house in West Milford was heavily damaged by the explosion around 9 p.m., the West …

Takeaways from Our Conversation on Michigan Cannabis Sales

Michigan cannabis sales are a great story. Sales there reached another record in July, hitting $277 million for the month, and look to head well over $3 billion for the year. What’s going on there? The state is still fairly …

Federal Home Loan System Neglects the Buyers Who Need It Most, Analysis Finds

(Bloomberg) — The tiny town of Drew, Mississippi, has been left behind by the modern economy. Most businesses along its lone main street are shuttered, so it’s hard to buy a cup of coffee or groceries. Stray dogs zigzag through …

Orion180 Expands into Mississippi, Alabama

Orion180, one of the latest entrants into the Florida market, has also begun writing homeowners policies in noncoastal areas of Mississippi and Alabama. The policies will be written through admitted insurer Orion180 Select Insurance Co., the Melbourne, Florida-based firm said …

Delos in California Raises $7.3M in Seed Extension Round Led by IA Capital Group

Delos Insurance Solutions in California announced a $7.3 million seed extension round, enabling the managing general agent’s expansion in the California homeowners’ insurance market. The seed extension round was led by IA Capital Group. Participation in the round included Blue …

No Danger of Assessment: Florida Citizens Seeing Just 2,000 Claims from Idalia

Florida’s Citizens Property Insurance Corp. has so far seen just about 2,000 claims from Hurricane Idalia, well below the threshold that would exhaust the carrier’s personal lines surplus and trigger a surcharge on policyholders, officials said this week. “There’s no …

Petitions to ‘Stop Cop City’ in Georgia in Legal Limbo After Court Rulings

ATLANTA (AP) — Atlanta officials refused to verify tens of thousands of signatures submitted on Monday by activists trying to stop the construction of a police and firefighter training center, citing a recent court order. The activists had gathered jubilantly …

Slave Descendants Facing County Vote on Development of Georgia Island

DARIEN, Ga. (AP) — Descendants of enslaved people living on a Georgia island are watching anxiously Monday evening as county commissioners consider doubling the maximum size of houses that can be built in their tiny community of modest homes and …

Florida Copter Pilot Heard Bangs Before Fatal Crash into Apartment Building

FORT LAUDERDALE, Fla. (AP) — A pilot told investigators he heard a loud bang before a Florida medical rescue helicopter caught fire in flight last month, leading to a crash that killed a paramedic and a woman on the ground, …

Hyundai and LG to Invest Another $2B into EV Battery Plant in Georgia

SAVANNAH, Ga. (AP) — Hyundai Motor Group and LG Energy Solution said Thursday they will spend an additional $2 billion and hire an extra 400 workers to make batteries at the automaker’s sprawling U.S. electrical vehicle plant that’s under construction …