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News – Insurance Journal
Insurers Call California Climate Disclosure Bill ‘Potentially Dangerous’
An insurer group is unhappy with new legislation to require insurance companies operating in California to disclose investments in fossil fuel-related entities as well as the fossil fuel-related companies and projects being underwritten. Assembly Bill 1694 expands upon the disclosures …
POSTED JANUARY 27, 2022 6:44 PM |
EPA to Conduct Unannounced Inspections in 3 Gulf Coast States
The Environmental Protection Agency is taking a series of enforcement actions to address air pollution, unsafe drinking water and other problems afflicting minority communities in three Gulf Coast states, following a “Journey to Justice” tour by Administrator Michael Regan last …
POSTED JANUARY 27, 2022 5:37 PM |
Explosion Damages Louisiana Court’s Power Grid, Contractor Injured
A courthouse in north Louisiana will be closed indefinitely so that repairs can be made to the building’s main power distribution system. Crews are assessing damage to the Caddo Parish Courthouse’s power grid that happened during maintenance on Jan. 23 …
POSTED JANUARY 27, 2022 5:33 PM |
Insurers Return Nearly $25 Million to Missouri Customers
The Missouri Department of Insurance announced that consumers received nearly $25 million from their insurance companies in 2021 thanks to the services provided by the department’s Consumer Affairs Division and Market Regulation Division. The revenues were returned as a result …
POSTED JANUARY 27, 2022 5:16 PM |
Norman-Spencer to Grow E&O Program Through RPG with The Hanover
Cincinnati, Ohio-based Norman-Spencer is growing its current real estate errors & omissions (E&O) program by creating an exclusive Risk Purchasing Group (RPG) with The Hanover Insurance Group. Exclusive coverages within the program include E&O insurance for real estate agents (including …
POSTED JANUARY 27, 2022 5:11 PM |
Kin Insurance, Omnichannel Pull Plug on SPAC Merger
Digital home insurance company Kin Insurance, Inc. and Omnichannel Acquisition Corp., a special purpose acquisition company, announced they have mutually agreed to terminate their plan to merge. The parties cited “current unfavorable market conditions” for the termination. In December, Kin, …
POSTED JANUARY 27, 2022 5:06 PM |
Vermont Workers’ Compensation Loss Costs to Drop 4.9% in April
Vermont businesses will see a rate decrease of 4.9% in workers’ compensation costs. The reduction will be effective on April 1, 2022, and is estimated to save Vermont employers more than $8 million in premiums over the next year. Gov. …
POSTED JANUARY 27, 2022 4:44 PM |
UK Insurer First Central Weighs Sale That Could Value Business at £600M: Sources
British insurer First Central Group Ltd. is considering a sale that could value the business at about 600 million pounds ($800 million), people with knowledge of the matter said. First Central Group is working with Evercore Inc. as it prepares …
POSTED JANUARY 27, 2022 4:31 PM |
Georgia Committee Chair Wants More Study on PTSD Workers’ Comp Bill
Supporters spoke passionately Wednesday about the need for workers’ compensation insurance to cover mental health treatment for first responders, but the chair of a Georgia House committee decided to send the bill to a council for further study. Sponsored by …
POSTED JANUARY 27, 2022 4:21 PM |
Crop Insurance Payouts Rise as Climate Change Worsens Droughts, Floods
Insurance payments to U.S. farmers for crops lost to droughts and flooding have risen more than threefold over the past 25 years, according to an analysis of federal data by the Environmental Working Group (EWG) released on Thursday. The report …
POSTED JANUARY 27, 2022 4:00 PM |
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