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US Excess & Surplus Lines Boost London Market Re/Insurers’ Topline Growth
The U.S. excess and surplus (E&S) lines market continues to offer profitable growth opportunities for insurers and reinsurers in the London market – which could help counteract some possible headwinds, according to a report from AM Best. “Excess and surplus …
POSTED APRIL 16, 2025 4:45 PM |
Group Sues California Department of Insurance Over FAIR Plan Surcharges
A consumer advocacy group has sued the California Department of Insurance and Commissioner Ricardo Lara to block hundreds of millions of dollars in surcharges that could soon appear on California homeowners’ insurance bills. Consumer Watchdog said in a press release …
POSTED APRIL 16, 2025 4:17 PM |
Louisiana Lawmakers Tackle Insurance Affordability Crisis in Legislative Session
The Louisiana legislative session is underway this week in Baton Rouge, where lawmakers are primed to address the state’s insurance affordability crisis. Governor Jeff Landry and Insurance Commissioner Tim Temple both have made it clear that insurance reform is a …
POSTED APRIL 16, 2025 4:04 PM |
California’s Newsom to Sue Over Trump’s Tariffs
California Governor Gavin Newsom said his state is suing to halt Donald Trump’s tariffs, setting up a high-stakes legal challenge to the president’s landmark effort to overhaul global trade. The state will file a complaint Wednesday in San Francisco federal …
POSTED APRIL 16, 2025 3:58 PM |
Kentucky Tobacco Warehouse Manager Indicted in Crop Insurance Fraud Scheme
Prosecution of widespread crop insurance fraud in Kentucky has continued with the indictment of a tobacco warehouse manager who allegedly facilitated some of the schemes. Thomas H. Kirkpatrick, manager of Farmers Tobacco Warehouse in Danville, conspired with at least four …
POSTED APRIL 16, 2025 3:24 PM |
Weather May Have Contributed to Plane Crash That Took 6 Lives of Family, Partners
When they boarded a small plane bound for upstate New York this past weekend, the six passengers — a pair of close-knit siblings, their parents and partners — were on the cusp of a new chapter in a family life …
POSTED APRIL 16, 2025 2:51 PM |
Texas Power Grid’s Growth Could be Limited by Legislation
Texas is growing. People are moving to the state in droves. Companies want to build their facilities here. Sustaining the growth will require nearly double the electricity the grid deploys today. The state’s grid operator can meet the moment, Pablo …
POSTED APRIL 16, 2025 2:45 PM |
Wildfire Losses Increasing But Still Small Compared to Hurricanes: KCC
Wildfire losses in the U.S. are increasing, but the risk is still considerably smaller than hurricanes, according to a new KCC white paper. While we usually think of California and other western states—especially since the devastating LA wildfires in January—KCC …
POSTED APRIL 16, 2025 2:44 PM |
King Risk Acquires Watts Dawson Agency in Florida
King Risk Partners, based in Gainesville, Florida, has acquired Watts, Dawson & Associates, an independent agency with offices in Temple Terrace and Valrico, Florida. The move expands King Risk’s presence in Florida, the company said in an announcement this week. …
POSTED APRIL 16, 2025 2:39 PM |
St. Louis Man Sentenced to 18 Months in Prison for Staging Vehicle Accidents
A St. Louis, Missouri man who allegedly defrauded insurance companies by staging vehicle accidents and injuries was sentenced to 18 months in prison and ordered him to pay $107,951 in restitution, the U.S. Attorney’s Office, Eastern District of Missouri announced. …
POSTED APRIL 16, 2025 2:37 PM |
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