Insurance Journal News Feed

Insurance Journal news feed

1. Oklahoma Landlord to Pay $52K for Violating Fair Housing Act

   The Justice Department announced that the owners of a residential rental property in Oklahoma City have agreed to pay $52,500 to resolve a lawsuit alleging that they refused to rent a one-bedroom apartment to a single mother upon learning that …

2. Michigan, Ohio Gas Prices Spike Further Amid Refinery Breakdown

   Gas prices in two Midwestern battleground states saw further hikes on Thursday as the region’s market grapples with a refinery issue in Illinois. In Michigan, prices rose to $4.74 a gallon on Thursday, up from $4.59 a gallon on Wednesday, …

3. Insurer Doesn’t Get a Mulligan in $12M Georgia Solar Farm Claim, Appeals Court Says

   Zurich American does not get to reclassify a loss as one with a much higher deductible after it had already paid part of the claim, a federal appeals court said in a case involving rain damage to a massive solar …

4. AM Best Revises Outlook to Stable for Ohio Mutual Insurance Group’s Members

   AM Best has revised the outlook to stable from negative for the Long-Term Issuer Credit Ratings (Long-Term ICR) and affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term ICRs of “a+” (Excellent) for the members of Ohio …

5. Phoenix Hit by Hail and Strong Winds, Damaging Vehicles Across Valley

   Arizona is not usually known as a hot spot for severe weather, but this week the state experienced hail, flooding and even a rare tornado. A severe storm on Wednesday produced hail the size of golf balls in metro Phoenix, …