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Insurance News
Insurance Journal delivers the latest business news for the Property/Casualty insurance industry
Updated: 4 weeks 4 days ago
Florida House Asks Voters to Consider Cut Most Homes’ Property Taxes
Florida’s House of Representatives late Thursday voted to ask voters to end non-school property taxes on most owner-occupied homes, a move that could save some homeowners a few thousand dollars a year but, by some estimates, could cost local governments …
Trump-Backed Ohio Gas Plant Could Become Biggest US Power Polluter
President Donald Trump’s proposal for a massive gas-fired power plant in Ohio would likely create one of the nation’s largest sources of carbon dioxide emissions from electricity generation. While details of the potential $33 billion development are scarce so far, …
Lawsuit Alleges Chiefs Receiver Rashee Rice Assaulted Former Girlfriend
The former girlfriend of Kansas City Chiefs wide receiver Rashee Rice alleges in a lawsuit filed this week that he physically assaulted her multiple times over a year-and-a-half, causing injuries that included bleeding and bruising. The lawsuit filed last week …
Berkshire’s Pacificorp Pays $575M to Settle Oregon, California Wildfire Claims
PacifiCorp, a utility owned by Berkshire Hathaway, agreed to pay $575 million to resolve U.S. government damages claims related to six wildfires in Oregon and California that burned nearly 290,000 acres of federal land, the U.S. Department of Justice said …
People Moves: Arrowhead Intermediaries Names Curcio EVP, Arrowhead Specialty
Arrowhead Specialty named Jimmy Curcio executive vice president. Curcio has been a leader within Arrowhead since joining Arrowhead Programs in 2018. He most recently served as the chief strategy and analytics officer for Arrowhead Intermediaries and, previously, for Arrowhead Programs. …
Judge in Michigan Charged With DUI After Car Strikes Signs
A federal judge in Michigan suspected of drunken driving uttered a vulgarity at a state trooper and couldn’t explain damage to his car or why his airbags had deployed, according to video of the arrest. U.S. District Judge Thomas Ludington …
New York City’s Last Striking Nurses Approve New Contract
Nurses at a big New York hospital system approved a new contract Saturday, voting to end a major nursing strike after more than a month. More than 4,000 nurses in the privately run NewYork-Presbyterian system went on strike Jan. 12. …
Northeast States Under Emergency as Snow Falls Amid Blizzard Warning
New York, New Jersey, Connecticut and Massachusetts governors issued state of emergency orders and a halt to non-essential travel as a major storm was expected to bring up to 24 inches of snow and strong winds to the region. Around …
Duffy Will Brief Congress Next Week on El Paso Shutdown
Transportation Secretary Sean Duffy said he will brief lawmakers on Capitol Hill next week about the temporary closure of airspace around El Paso, Texas, earlier this month. Duffy told reporters Friday that he stood behind the Federal Aviation Administration’s decision, …
Insurtech Qumis Secures $4.3M Seed Round
Qumis, a lawyer-built AI-driven platform for commercial insurance coverage intelligence, announced a $4.3 million oversubscribed seed round led by MTech Capital, with new strategic investor American Family Ventures and participation from all prior investors. Total funding reaches $6.75 million. The …
High Court Ruling on Trump Tariffs to ‘Ease Uncertainty,’ Says AM Best
AM Best said the U.S. Supreme Court’s ruling against President Donald Trump’s authority to impose sweeping tariffs will help to “ease uncertainty across the insurance industry.” “Managing through unknowns is a challenge to any industry and most observations and segment …
Aon Promotes Fraccalvieri as CEO of Global Facultative Re, Succeeding Laing; Arch Insurance Int’l Promotes Hope, Mani to Key Underwriting Roles in D&O and FI
This edition of International People Moves details appointments at Aon plc and Arch Insurance International. A summary of these new hires follows here. Aon Promotes Fraccalvieri as CEO of Global Facultative Re, Succeeding Laing Insurance broker Aon plc announced that …
Palantir Decamps to Miami Co-Working Space in Surprise Move
Palantir Technologies Inc.’s surprise announcement that it’s moving from Denver to Miami is even more surprising because, at least initially, it’s going to be anchored at a co-working space. A regulatory filing lists the company’s “principal executive offices” at an …
Michigan AG Secures Judgment Against Construction Company
Michigan Attorney General Dana Nessel announced her office has secured a consent judgment against a Michigan construction company for accepting deposits for construction projects that were never finished and then failing to return the funds. Nessel filed a lawsuit last …
Erie Insurance CEO NeCastro to Retire at Year End
Erie Insurance said Tim NeCastro, president and chief executive officer, will retire on Dec. 31 after 10 years leading the company. NeCastro, who was named CEO in 2016, led the company’s growth to nearly $13 billion in premium and more …
OSHA Fines Alabama Utility Contractor $257,700 After Deaths of 3 Workers
The U.S. Occupational Safety and Health Administration this week fined an Alabama utility contractor $257,700, six months after three workers died from sewage gas while installing sewer lines. Construction Labor Services, based in Eight Mile, near Mobile, Alabama, failed to …
TotalEnergies Asked to End Oil and Gas Exploration in Paris Lawsuit
TotalEnergies SE is fighting a lawsuit in Paris that seeks to block one of Europe’s top oil and gas producers from starting new fossil fuel exploration and extraction projects. A group of non-governmental organizations and the Paris town hall asked …
US Supreme Court Rejects Trump’s Global Tariffs
The U.S. Supreme Court struck down on Friday President Donald Trump’s sweeping tariffs that he pursued under a law meant for use in national emergencies, rejecting one of his most contentious assertions of his authority in a ruling with major …
Former Broker, Co-Defendant Sentenced to 20 Years in Fraudulent ACA Sign-Ups
The leaders of a $180 million scheme to sell Affordable Care Act insurance plans to homeless people and others who did not qualify were sentenced to 20 years in federal prison and full restitution. Cory Loyd, 47, who was a …
Ski Trip Hit by Avalanche Was Led by Outfit Offering Mountain Adventures Globally
The group of 15 backcountry skiers headed out on a three-day trek organized by Blackbird Mountain Guides into pristine wilderness near Frog Lake in California’s Sierra Nevada as a powerful winter storm moved into the state. The skiers made their …
