Insurance
Pennsylvania Task Force Urges Tax Breaks for Flood Damage, Mitigation and Insurance
Pennsylvania lawmakers should consider granting homeowners tax breaks for water damage expenses, mitigation and repair costs, and flood insurance premiums, according to a new state report. Those are several of the recommendations by a task force that studied ways to …
Read More Search Suspended for Missing Boater in Lake Erie After 2 Rescued, 1 Dead
CLEVELAND (AP) — Authorities have suspended the search for a missing boater in Lake Erie after rescuing two others and pulling another person from the water who later died. The U.S. Coast Guard Great Lakes station said a distress call …
Read More More Than 2.3 Million Texans Without Power as Hurricane Beryl Moves Inland
Hurricane Beryl has knocked out power for more than 2.3 million Texas customers, as of 10:27 a.m. Monday, based on estimates from PowerOutage.us and CenterPoint Energy. Outages are most extensive in the Houston area and coastal counties including Matagorda, where …
Read More New State Climatologist For Louisiana Warns of “Very Active” Hurricane Season
BATON ROUGE, La. (AP) — Louisiana Gov. Jeff Landry announced last week that Jay Grymes, the chief meteorologist for WAFB-TV in Baton Rouge, will serve as the new state climatologist. Among responsibilities in his role, Grymes will be tasked with …
Read More People Moves: Grant Joins MGA Devonshire as Underwriting Manager; Generali GC&C Makes 3 Key Appointments in Mediterranean and LatAm Region
This edition of International People Moves details appointments at the MGA Devonshire Underwriting and Generali Global Corporate & Commercial (GC&C), . A summary of these new hires follows here. Grant Joins MGA Devonshire Underwriting as Underwriting Manager Devonshire Underwriting, the …
Read More ESG Investing Rule Presents Early Test on Limits of US Agency Powers
A challenge to a Biden administration rule allowing socially conscious investing by employee retirement plans will present an early test of how courts will scrutinize federal regulations after the U.S. Supreme Court said they no longer have to defer to …
Read More Ardonagh Advisory Acquires UK’s Rollinson Smith Insurance Brokers
Ardonagh Advisory has acquired Rollinson Smith Insurance Brokers (RSIB), a UK community broker that operates in the Shropshire, Staffordshire, West Midlands and North Wales regions with significant reach in London as well as other areas of the country. Financial details …
Read More Brazil Sues Syngenta for Alleged Environmental Damage
Brazil’s environmental agency IBAMA has sued Syngenta alleging the chemicals company caused “environmental damage” by producing and selling pesticides using much higher concentrations of a carcinogen than allowed under law, according to court documents seen by Reuters. In the suit …
Read More Reinsurers’ Appetite Grows During Mid-Year Renewals but Discipline Remains: Brokers
Reinsurance buyers generally saw positive outcomes during the mid-year renewals, finding adequate capacity to meet cedents’ increasing demand for protection — in both property and casualty, according to three renewal reports from reinsurance brokers. “Loss-free property programs generally saw easing …
Read More Insurance Industry Impact From Hurricane Beryl Expected to Be ‘Manageable’
Hurricane Beryl made its U.S. landfall at Matagorda, Texas early Monday as a Category 1 hurricane. The storm has reportedly knocked out power to 1 million homes and businesses, but the storm’s overall impact to the insurance industry is expected …
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