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Louisiana Citizens Ends Assessment on Property Policies Ahead of Schedule
The Louisiana Citizens Property Insurance Corporation (Louisiana Citizens) Board of Directors voted last week to end the 1.36% assessment it makes on all residential and commercial property insurance policies in the state in April of this year. The assessment, which …
POSTED JANUARY 17, 2025 5:39 PM |
Wisconsin’s Rural Mutual and Badger Mutual Finalize Affiliation Agreement
Rural Mutual Insurance Company and Badger Mutual Insurance Company, with a combined 227 years of providing farm, commercial, and personal policies, have finalized their affiliation agreement based on regulatory approval from the Wisconsin Office of the Commissioner of Insurance (OCI) …
POSTED JANUARY 17, 2025 5:24 PM |
Cleveland City Files Lawsuit to Prevent Browns’ Move to Suburban Dome
Cleveland’s fight to keep the Browns from moving from downtown and into a proposed dome in the suburbs has taken yet another legal turn. The city has filed a lawsuit to stop the NFL team from leaving Cleveland’s lakefront when …
POSTED JANUARY 17, 2025 5:21 PM |
Deere & Co. Accused of Forcing Farmers to Use Authorized Dealers for Equipment Repair
Deere & Co. unfairly forces farmers to visit authorized dealers to repair their equipment, resulting in higher prices than if they could fix it themselves or get help from independent shops, the Federal Trade Commission claims in a federal lawsuit …
POSTED JANUARY 17, 2025 5:16 PM |
CFPB Finds Properties May be Underinsured in Non-Coastal Flood Zones
Homeowners with mortgages who are at risk of flooding from rivers and creeks are more likely to be underinsured for floods than coastal residents, according to a new report from the Consumer Financial Protection Bureau. Using a sample of mortgage …
POSTED JANUARY 17, 2025 5:05 PM |
Texan Insurance Acquires J&M
Texan Insurance, full-service insurance agency, announce its acquisition of Austin, Texas-based J&M Insurance, a trusted provider of personal and commercial insurance solutions for nearly two decades. Founded in 2005 by Todd Michalowski, J&M Insurance offers independent commercial, home and auto …
POSTED JANUARY 17, 2025 5:01 PM |
General Motors Settles With FTC Over Sharing Driver Data
The US Federal Trade Commission has reached a settlement with General Motors Co. over claims the automaker deceived drivers by collecting their personal data and sharing it with third parties. As part of the settlement, GM will be banned for …
POSTED JANUARY 17, 2025 4:41 PM |
P/C Market Profit Improvement Expected to Continue Through 2026: Triple-I, Milliman
The “gap is closing” between commercial lines and personal lines underwriting results as the insurance industry overall is expected to continue its run of premium growth and improved underwriting results over the next 2 years. According to a report from …
POSTED JANUARY 17, 2025 4:35 PM |
Los Angeles Pushes to Rebuild Homes Fast, Despite Wildfire Danger
California politicians are rushing to make it easier for residents to rebuild their homes incinerated in the Los Angeles firestorms. That means waiving green construction mandates designed to combat climate change — which is driving such conflagrations by making conditions …
POSTED JANUARY 17, 2025 4:31 PM |
NC Court Says Mother Can Sue Trooper After Student Killed in Ride-Along
RALEIGH, N.C. (AP) — The mother of a North Carolina university student killed while on a ride-along in a Highway Patrol cruiser can continue suing for gross negligence the trooper who drove off the road during a high-speed chase, a …
POSTED JANUARY 17, 2025 3:20 PM |
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