A Spanish developer is planning an $880 million workforce housing project in Miami that would include more than 4,000 apartments, childcare, and even a test kitchen — an ambitious bid to offer below-market housing in a city known for ultra-luxury …
Category: Insurance Journal
In Commuters’ Wurst Nightmare, Hot Dog Spill Shuts Highway
SHREWSBURY, Pa. (AP) — A truckload of hot dogs spilled across a Pennsylvania interstate Friday after a crash that briefly clogged the heavily traveled artery in both directions. Crews were stuck with a job they did not relish — rolling …
Marsh McLennan Acquires Olympic Insurance Agency in California
Marsh McLennan Agency acquired Olympic Insurance Agency in a Simi Valley, California. All Olympic employees, including principals Don and Bob Barberie, will remain working out of their existing Simi Valley office. Olympic primarily provides business insurance, employee benefits and personal …
Assisted Living Facility Where 10 Died in Fire Was Cited for Mistreatment
A Massachusetts assisted-living facility where a fire killed 10 people earlier this month temporarily lost its certification nearly a decade ago due to resident mistreatment, according to state regulators. The documents obtained by The Associated Press show the staff failed …
Texas Judge Rules BlackRock, State Street, Vanguard Must Face Antitrust Suit
A federal judge in Texas largely denied a request by the world’s largest asset managers to dismiss a lawsuit brought by Republican state attorneys general claiming they colluded to reduce coal output, in a case that threatens how the U.S. …
Data Shows $150M in Stolen Goods Recovered in Two Years in California
More than 22,100 suspects were arrested, nearly 17,100 cases were referred for prosecution and roughly $150 million in stolen property was recovered in two years though state-funded work with law enforcement agencies, according to the California governor. Related: A Rapidly …
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 …
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 …
New Law Orders Louisiana Insurers to Show Prior Policy Premiums
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 …
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 …