News Center
News Archives - Insurance Journal
California Commissioner Investigating State Farm’s Handling of LA Wildfire Claims
California Insurance Commissioner Ricardo Lara on Thursday said he has launched a formal investigation into State Farm’s handling of thousands of insurance claims from wildfire survivors affected by the Palisades and Eaton wildfires in January. The California Department of Insurance …
POSTED JUNE 12, 2025 8:37 PM |
At Least 4 Dead in San Antonio and Dozens More Rescued After Heavy Rain
At least four people are dead in San Antonio and dozens of water rescues were made around the city after heavy rains flooded highways and stranded motorists, officials said Thursday. Fire officials said they are still searching for two people …
POSTED JUNE 12, 2025 3:56 PM |
Missouri Counties Receive Federal Disaster Assistance After Severe Storms
The U.S. Small Business Administration (SBA) has announced a major disaster declaration for several counties in Missouri, including Bollinger, Butler, Cape Girardeau, Carter, and others, due to severe storms, straight-line winds, tornadoes, and flooding that occurred from March 30 to …
POSTED JUNE 12, 2025 3:42 PM |
Florida Commission Accepts First Hurricane Models Under New Standards
The Florida Commission on Hurricane Loss Projection Methodology has accepted new loss models from Karen Clark & Co. and Cotality, the first to meet the commission’s latest standards. KCC’s Version 5.0 incorporates two more years of climate and hurricane data …
POSTED JUNE 12, 2025 2:55 PM |
Dozens of States Sue 23andMe to Block Sale of Personal Genetic Data
Twenty-seven states and the District of Columbia on Monday filed a lawsuit in bankruptcy court seeking to block the sale of personal genetic data by 23andMe without customer consent. The lawsuit comes as a biotechnology company seeks the court’s approval …
POSTED JUNE 12, 2025 2:45 PM |
Repairing Evacuated Charleston Condo Building Could Top $150 Million
It could take $151 million to repair the Dockside condominium tower in Charleston, which was evacuated in February after an engineering assessment found major structural problems. The Post and Courier newspaper reported that the 19-story building – Charleston’s tallest – …
POSTED JUNE 12, 2025 1:56 PM |
Most G-7 Members Ready to Lower Russian Oil Price Cap Without US
Most countries in the Group of Seven nations are prepared to go it alone and lower the G-7 price cap on Russian oil even if U.S. President Donald Trump decides to opt out, four sources familiar with the matter said. …
POSTED JUNE 12, 2025 1:46 PM |
Oregon Wildfire Prompts Evacuations and Closes Interstate
A wildfire in Oregon prompted officials to issue evacuation orders for hundreds of homes and to close nearly 20 miles of an interstate in the Columbia River Gorge. Gov. Tina Kotek invoked the state’s Emergency Conflagration Act for the Rowena …
POSTED JUNE 12, 2025 1:36 PM |
Markets/Coverages: MGA Optio Launches $150M Political Violence & Terrorism Cover
Optio Group, the London-based, independent specialty MGA, announced the launch of new political violence and terrorism (PVT) binders, backed by 100% Lloyd’s of London capacity. The new product provides a US$150 million limit, ensuring comprehensive protection against both physical and …
POSTED JUNE 12, 2025 1:07 PM |
Update: Boeing 787 Headed to London from India Crashes With 242 on Board
More than 200 bodies have been recovered at the crash site of a Boeing Co. 787 Dreamliner operated by Air India that was bound for London, according to police officials. Flight AI171 crashed shortly after taking off in Ahmedabad in …
POSTED JUNE 12, 2025 12:34 PM |
NOTICE: The links and articles found on or within this news center are simply for informational purposes that we believe may be of benefit to our clients and/or website visitors. By providing these links on our website, we are not recommending or endorsing the use of the particular products or services these third parties offer. Nor does FTS Life Insurance Agency, Inc. confirm, corroborate or agree to the statistics or opinions on these links and articles. We urge you to review each website’s Privacy Policy, Disclaimers, and develop an independent opinion of the service or product for any link pursued.
|