Insurance Journal

The Category 6 hurricane’s howling winds accelerate to a startling 200 mph in Miami, mercilessly pummeling a two-story wood-frame house until the roof tears off and the rattling windows explode. And a towering 20-foot storm surge spawns battering waves, swamping …... Read more

The star portfolio manager at the center of a fraud at the U.S. funds unit of Allianz SE relied on the German insurer’s good name to lure investors and thrived from a lack of oversight as he pocketed $60 million …... Read more

When Florida Farm Bureau Insurance companies filed for a 41% rate increase for homeowners last December, the Florida Office of Insurance Regulation asked company actuaries to sharpen their pencils, review all data and try again. The insurer’s vice president said …... Read more

A federal appellate court threw out a Florida jury verdict that would have required a Liberty Mutual unit to pay $1.6 million in damages for failing to defend an independent insurance agency against a lawsuit that accused it of failing …... Read more

Three California business owners were arraigned for insurance fraud this week after an investigation reportedly showed they illegally conspired to lower workers’ compensation premiums. Troy Williams, 49, of Angels Camp, Nanci Morman, 68, of Somerset, and John Allison, 63, of …... Read more

Three firefighters entered a building that simulated a burning third-floor apartment fire. In the training exercise, Bryan Duvall douses the flames with a hose while Tiffany Huber and Riley Becker search for a missing firefighter. The rescuers’ vision is impaired …... Read more

The Liberty Company Insurance Brokers formed a recent partnership with Roger Smith Insurance Agency of Tiffin, Ohio. Founded in 1987 by Roger Smith and currently led by his son, Kyle Smith, the firm offers personal, commercial, life, annuities, and health …... Read more

A video of a beach house being swallowed by the sea on North Carolina’s Outer Banks continues to go viral, drawing new attention to the impact that rising seas and storms are having on vulnerable properties and their insurance costs. …... Read more

U.S. traffic deaths jumped 10.5% in 2021 to 42,915 – the highest number killed on American roads in a single-year since 2005, U.S. regulators said Tuesday in its preliminary estimate. The yearly increase is the highest reported since the National …... Read more

The Florida Office of Insurance Regulation held hearings Tuesday on major rate increases from three more property insurers: Florida Farm Bureau, First Floridian, and Kin Interinsurance Network. The Kin and First Floridian hearings began Tuesday morning but the Farm Bureau …... Read more

Lawmakers investigating the deadly arrest of Black motorist Ronald Greene voted unanimously last week to hold the former head of the Louisiana State Police in contempt for defying a subpoena and refusing to turn over the handwritten journals he kept …... Read more

Louisiana has begun construction of a $67 million project to create miles (kilometers) of oyster reefs to protect the shoreline in a New Orleans suburb. Money for the Biloxi Marsh Living Shoreline comes from an $8.8 billion restoration fund set …... Read more

Idaho officials announced a $119 million settlement with drugmaker Johnson & Johnson and three major distributors over their role in the opioid addiction crisis. Republican Gov. Brad Little and Republican Attorney General Lawrence Wasden said it’s the second-largest consumer settlement …... Read more

Four more cases of monkeypox have been identified in Britain, bringing the total to seven, according to the UK Health Security Agency. Health authorities are working to find links between the latest four cases, three of which are in London. …... Read more

Federal law may prohibit states from regulating prices charged to insurers by air ambulance providers, but that doesn’t absolve the Workers’ Compensation Board of its responsibility to determine whether the billed charges are “usual and customary,” a split Kansas Supreme …... Read more