Texas lawmakers this year heavily focused their drug policy agenda on banning tetrahydrocannabinol, or THC, products in the state. Senate Bill 3, which prohibits the possession of consumable hemp products that contain any synthetic cannabinoid, often known as delta-8, was …
Category: Insurance Journal
Scientists Take on Severe Storms to Study Hail, Costliest Weather Danger
As severe storms once again soak, twist and pelt the nation’s midsection, a team of dozens of scientists is driving into them to study one of the nation’s costliest but least-appreciated weather dangers: Hail. Hail rarely kills, but it hammers …
Mattel Settles Baby Sleeper Death Suits Before Start of a Trial
Mattel Inc. and its Fisher-Price unit have settled lawsuits alleging their recalled Rock ‘n Play baby sleeper was so defectively designed that it led to the deaths of infants. The agreement, disclosed in a Delaware court filing last week, resolves …
Storm Damage Costs Are Often a Mystery. That’s a Problem for Understanding Risk
On Jan. 5, 2025, at about 2:35 in the afternoon, the first severe hailstorm of the season dropped quarter-size hail in Chatham, Mississippi. According to the federal storm events database, there were no injuries, but it caused $10,000 in property …
Minnesota Culver’s Franchise Settles Harassment Case for $261K
R & G Endeavors, Inc., a fast-food franchisee doing business as Culver’s Restaurants of Cottage Grove, will pay $261,000 and furnish other relief to settle two cases brought by the U.S. Equal Employment Opportunity Commission (EEOC), one involving race, sex …
Extended Deadline: Be Recognized as an Independent Agency Leader
Need a bit more time to enter? Good news – the extended deadline to submit for Insurance Journal’s Top 100 Agencies and Top Agency Partnerships ranking is now June 10! We hope that you will consider entering your firm for …
Billion-Dollar Carolina Battery Plant Pauses Construction Amid Tariff Uncertainty
A Japanese company has halted construction on a $1.6 billion factory in South Carolina to help make batteries for electric BMWs, citing “policy and market uncertainty.” While AESC didn’t specify what those problems are, South Carolina’s Republican governor said the …
Walmart Boosts Drone Deliveries in SE in Effort to Speed Up Orders
Walmart Inc. is adding drone delivery in five new cities in a bid to expand online sales and get goods to shoppers faster. The world’s largest retailer will start offering drone service at 100 stores across Charlotte, North Carolina; Tampa, …
AM Best Upgrades Credit Ratings of Members of Midwest Insurance Group
AM Best has upgraded the Financial Strength Rating to A (Excellent) from A- (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) to “a” (Excellent) from “a-” (Excellent) of Midwest Insurance Company (Springfield, Illinois), West River Insurance Company (Sioux Falls, …
US Supreme Court Makes ‘Reverse’ Discrimination Lawsuits Easier to Pursue
The U.S. Supreme Court made it easier on Thursday for people from majority backgrounds such as white or straight individuals to pursue claims alleging workplace “reverse” discrimination, reviving an Ohio woman’s lawsuit claiming she was illegally denied a promotion and …