Legal Battle Over Maui Wildfire Settlement A significant lawsuit has been initiated by victims of the 2023 Maui wildfires against insurance companies State Farm and Allstate Insurance. Filed last Friday in a Maui state court, the suit accuses these insurers of interfering with a proposed $4 billion settlement intended to support those impacted by last year’s disastrous fire. Insurers Seek Major Reimbursement According to Bloomberg, the tentative settlement of $4 billion, while significant, falls short of the estimated $5.5 billion in capital costs resulting from the fires, based on last…
Read MoreAuthor: H. Cutner
What kind of animals does exotic pet insurance cover?
Coverage for cats and dogs is commonplace, but what about other animal family members? Exotic pet insurance might sound like it’s intended for animals such as tigers or pythons, but it’s actually the type of policy intended for common animals aside from dogs and cats. Many people keep animals such as birds and rodents By purchasing exotic pet insurance, animal owners can carry the same type of veterinary care coverage enjoyed by dogs and cats. This means that owners will have financial protection in case that animal is unexpectedly sick…
Read MoreKansas governor signs workers compensation reform bill
Governor Kelly has signed bipartisan legislation Senate Bill 430 into law Kansas Governor Laura Kelly has signed Senate Bill 430, a bipartisan workers compensation overhaul bill meant to provide comprehensive updates to the laws in the state. Changes were broadly believed to be long overdue for the state “This legislation is a win for our workforce, our businesses, and organized labor,” said Kelly. “The reforms in this legislation will create a more just and efficient workers compensation system that increases the benefits for injured workers while creating administrative efficiencies and…
Read MoreNew Vermont farm insurance for extreme weather proposed by senators
The increasing risk of flooding has the lawmakers looking to ways of protecting producers Following the flooding experienced by farmers in Vermont last year, a survey showed that 70 percent of them didn’t have farm insurance to cover their crops and/or livestock. Coverage wasn’t always available This wasn’t just a matter of choosing not to obtain coverage. For another 10 percent of the respondents, the type of farm insurance they would have needed didn’t exist. This meant that only about one in every five food producers had coverage in place…
Read MoreKampgrounds of America partners with Co-operators RV insurance company
The partnership involves a network of over 500 campgrounds in the US and Canada Co-operators, a financial services co-operative, and Kampgrounds of America (KOA), a network of over 500 campgrounds in the Untied States and Canada, have partnered in a new collaboration for RV insurance. Recreational vehicle coverage is increasingly lucrative since the pandemic The US campgrounds company and Canadian financial services and RV insurance co-operative feel that they are a natural fit for providing this new option to consumers in both countries. “Canadians represent a significant demographic of Kampgrounds…
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