The California Department of Insurance (CDI) has made some serious moves to tackle the state’s insurance crisis head on, last year launching its Sustainable Insurance Strategy (SIS). With the SIS came a set of initiatives to help insurers offer affordable, …
Hurricane Erin Back to Category 4, on Track to Miss US But High Surf and Rip Currents
Hurricane Erin has re-intensified after moving past Puerto Rico, with the dangerous storm expected to increase in size and remain over the ocean as it churns off the US East Coast later this week. Erin’s top winds strengthened to 130 …
Texas Blames ESG Goals in Probe of Xcel Over 2024 Wildfires
The Texas attorney general is investigating utility Xcel Energy Inc. and its contractor for two wildfires that devastated the state last year, saying the companies may have prioritized environmental and diversity goals over maintenance and safety. “It is unconscionable that …
Carrier Revenue Growth Expected to Outpace Hiring in Next Year
Approximately 81% of insurance companies expect to increase their revenue in the next 12 months, but only about 53% expect to increase their staff in that same period, according to a new insurance labor market outlook study from The Jacobson …
Tampa Woman Posed as Insurance Agent, Used App to Take Payments, Indictment Says
A September trial for a Tampa woman charged with posing as an insurance agent and keeping thousands of dollars in auto insurance premiums has been postponed until December. Katrenia Lynette Harris, 54, was indicted by a federal grand jury in …
New York City Reports 4th Person Died Has After Legionnaires’ Disease Outbreak
A fourth person has died in connection with a Legionnaires’ disease outbreak in New York City, health officials disclosed Thursday as they revealed that some cooling towers that tested positive for the bacteria are in city-run buildings. The outbreak in …
Trump’s Debanking Order Could Create Uncertainty for Banks, Sources Say
U.S. President Donald Trump’s executive order requiring banks not to discriminate against clients on political or religious grounds could create uncertainty and administrative headaches for the industry, sources said. Trump signed an executive order on Thursday directing the Treasury Department …
People Moves: Chieppo Joins Mechanic Group; Foster Named Chair of NY Workers’ Comp Board
The Mechanic Group Appoints Chieppo Practice Leader The Mechanic Group, a division of Specialty Program Group LLC (SPG) headquartered in Pearl River, New York, appointed Candace Chieppo as practice leader. She is responsible for delivering coverage and service to The …
Mercury Seeks 6.9% Rate Increase in Filing Based on New Cat Modeling Regulation
Mercury Insurance said it has submitted a filing based on California’s new regulation enabling catastrophe modeling to be included as a factor in ratemaking. The filing is reportedly the first to use the Verisk Wildfire catastrophe model, which is designed …
DOJ Sues California to End Enforcement of Emissions Standards for Trucks
The U.S. Justice Department said on Friday it has sued California in a bid to end the state’s enforcement of emissions standards for trucks. The DOJ said it filed two complaints this week in federal courts against the California Air …