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Many small and mid-sized construction companies often hesitate to hire a dedicated safety coordinator, seeing it as an unnecessary expense. But experts say that decision can lead to costly problems as a business grows. Shawn Gentry, Senior Loss Control Construction Manager at Central Insurance, points out that safety is more than just following rules or … Read more

New Century Insurance Company, a Texas-only property and casualty insurer, has been placed into liquidation after a court ruled it insolvent. The Travis County District Court in Austin made the decision on September 3, following findings that the company’s assets are not enough to cover its liabilities. As a result, the Texas commissioner of insurance … Read more

California Attorney General Rob Bonta is stepping up the fight against the Trump administration’s rollbacks on environmental protections. Speaking during New York Climate Week, Bonta said California plans to keep suing over actions that break the law and harm the state’s people and environment. So far, the state has filed more than one lawsuit per … Read more

Highstreet Insurance Partners, based in Traverse City, Michigan, has named Kristen Stokes as its new chief broking officer. Stokes will work out of Highstreet’s New York City office and join the company’s executive leadership team. With over 20 years of experience in the insurance world, Stokes brings a strong background to her new role. She … Read more

A recent ruling by the Michigan Court of Appeals has clarified that bobtail insurance policies, which cover truck drivers when they’re driving without cargo, cannot limit mandatory personal injury protection (PIP) coverage to just the vehicles listed on a policy. Instead, the court confirmed that this coverage must follow the person insured, no matter what … Read more

Pennsylvania’s Supreme Court has ruled that surety companies are not subject to the state’s insurance bad faith law, but they must participate in arbitration when disputes arise. The decision came on February 18, ending a legal battle that started more than 15 years ago over a construction project at Penn State University. Back in 2008, … Read more

A rare Pokémon trading card recently made headlines after selling for a staggering $16.5 million, setting a new world record for the most expensive trading card ever auctioned. The card, a Pikachu Illustrator graded PSA 10, was sold by influencer and WWE star Logan Paul through the auction house Goldin. The buyer, venture capitalist AJ … Read more

Residents of Jefferson Parish, Louisiana, are set to see lower flood insurance premiums starting October 1. The parish has improved its rating in the National Flood Insurance Program’s Community Rating System (CRS), moving from Class 5 to Class 3. This upgrade means bigger discounts for those living in flood-prone areas. The CRS is a program … Read more

The U.S. Environmental Protection Agency (EPA) has reached a settlement with Orlando Askins and his companies, Askins Development Group LLC and Shaw Holding Group LLC, over violations of federal lead paint rules. Since 2015, these companies have been renovating several homes in urban St. Louis without following safety regulations meant to protect people from harmful … Read more

For over 14 years, the commercial auto insurance sector in the U.S. has faced consistent losses, and 2024 was no different. According to a recent report from insurance rating agency AM Best, the industry saw nearly $4.9 billion in underwriting losses this year, marking the 14th straight year of financial setbacks. The losses in 2023 … Read more