Texas landowners along the U.S.-Mexico border who have experienced damage caused by border property crime can now file for reimbursement of up to $75,000, attorney general Ken Paxton announced this week. Texas lawmakers last year approved a law to create …
Nuclear verdicts of at least $10 million reached a 15-year high in 2023, while 27 verdicts were “thermonuclear,” or more than $100 million, according to a new study by research firm Marathon Strategies. The report, “Corporate Verdicts Go Thermonuclear,” found …
Louisiana governor Jeff Landry signed a package of insurance reform bills Tuesday aimed at encouraging insurers to write more business in the state’s property market. The legislation, endorsed by Louisiana Å˽ðÁ«´«Ã½Ó³» Commissioner Tim Temple, will give property insurers more flexibility …
Republican senators this month introduced legislation they say would increase support for crop insurance and make higher levels of coverage more affordable to farmers. Sen. John Hoeven (R-N.D) proposed the Federal Agriculture Risk Management Enhancement and Resilience (FARMER) Act, an …
USAA is laying off 220 employees in an effort to reprioritize positions amid changing business needs, the San Antonio-based insurer announced this week. This is the latest round of layoffs at USAA, which let go of nearly 1,000 employees in …
Louisiana Å˽ðÁ«´«Ã½Ó³» Commissioner Tim Temple pointed to State Farm’s decision to non-renew policies in the California market as a warning for lawmakers to modernize Louisiana’s regulatory framework and address legal system abuse – or risk insurers leaving the catastrophe-prone state. …
The mother of an 8-year-old Texas girl who died over the weekend after being “violently sucked” into a gap in a hotel’s pool system has filed a wrongful death lawsuit against the hotel seeking damages in excess of $1 million. …
The 5th Circuit Court of Appeals ruled last week that Chubb must cover restitution claims paid to ticket holders of the 2020 South by Southwest film festival cancelled due to COVID-19. A three-judge panel reversed a summary judgment in favor …
AccuWeather experts warn that the return La Nina and historically warm water across the Atlantic Ocean could contribute to a “super-charged” hurricane season in 2024. AccuWeather long-range forecasters say that the current El Nino pattern is expected to transition to …
State Farm Å˽ðÁ«´«Ã½Ó³» brought forth a subrogation lawsuit against Norfolk Southern over damages to a pair of East Palestine, Ohio homes allegedly caused by the railroad company’s February 2023 train derailment. State Farm filed a complaint in Columbiana County, Ohio …
