Under a new state law, Louisiana insurers will be required to give mandatory disclosure of prior policy premium when issuing a renewal policy to a policyholder. Louisiana Insurance Commissioner Tim Temple sent an advisory letter to insurers in July notifying …
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Travelers Q2 Net Income Soars on Less Losses, Favorable Reserves
The Travelers Cos. increased second-quarter net income $975 million for a total of about $1.5 billion, and reversed an underwriting loss posted last year for the same period. Travelers’ second-quarter underwriting profit was about $1 billion compared to a loss …
As Schools Prepare to Pay Athletes, What Role Will Insurance Play?
As colleges and universities prepare to legally pay athletes for the first time in National Collegiate Athletic Association history, collegiate sports programs are exploring insurance policies designed to mitigate the risks that come with dishing out tens of millions of …
Michigan Mobile Parks Remain Behind on Safe Drinking Water
After the Flint water crisis, Michigan became a national leader on safe drinking water, requiring the removal of lead pipes and the reduction of harmful “forever chemicals” years before the federal government acted. But the state has a blind spot …
New York Court Blocks Suit Against Social Media Giants Over Buffalo Racial Massacre
Social media companies cannot be sued for their alleged roles in a racially-motivated mass shooting at a grocery store in Buffalo in 2022, according to a New York court that said to allow the lawsuit would “result in the end …
Ohio Company to Pay $326K for Allegedly Selling Unregistered Pesticides
The U.S. Environmental Protection Agency (EPA) announced last week a settlement with Tranzonic Cos., known as Hospeco Brands Group, in Cleveland, Ohio, for allegedly selling unregistered pesticide products and a product with incorrect pesticidal claims. The company will pay $326,200 …
Arkansas to Receiving $1M in Funding for April Storm Cleanup and Recovery
The U.S. Department of Labor announced last week the award of $1 million in grant funding to Arkansas for cleanup and recovery activities after severe storms caused extensive damage and flooding in April. Between April 2-22, 2025, a strong weather …
Florida Regulators Say They Need More Authority to Rein in Slide’s Exec Pay
Florida’s insurance regulators expressed concern about recent news that Slide Insurance executives took home millions in compensation last year, suggesting that state agencies need new authority to limit pay packages. “It’s super concerning but we need to have the legislative …
Texas Cotton Industry Struggles as Synthetic Fibers Go Mainstream
For decades, the cotton industry has long been considered king in the Texas agriculture world. However, a shift has left it standing on shaky ground. In the last few years — as cotton producers struggled with low market prices, high …
Judge Sanctions Lawyers Defending Alabama’s Prisons For Citing Fake Cases from AI
A federal judge reprimanded lawyers with a high-priced firm defending Alabama’s prison system for using ChatGPT to write court filings with “completely made up” case citations. U.S. District Judge Anna Manasco publicly reprimanded three lawyers with Butler Snow, the law …