Insurance
New Jersey Provides Tools to Implement New Flood Risks Disclosure Law
New Jersey officials have introduced measures to implement flood risk disclosure legislation signed into law by Governor Phil Murphy last June. The measures include new property disclosure forms notifying buyers and tenants of a property’s known flood history and potential …
Read More Reinsurance Buyers Find ‘Smoother’ January Renewals With Ample Capacity: Carpenter
Ceding companies are finding that a responsive reinsurance market has materialized for the Jan. 1, 2024 renewals – a reflection of ample capacity and a commercial approach to trading partnerships, according to Guy Carpenter, the reinsurance business of Marsh McLennan. …
Read More Mississippi Health Department Retesting Some Medical THC Products for Toxins
JACKSON, Miss. (AP) — The Mississippi Department of Health said Wednesday that “a large number” of medical marijuana products are on hold so they can be retested. The department first issued the hold on Dec. 21. A news release from …
Read More Florida Countertop Firm Owner Killed in Helicopter Crash
MIAMI (AP) — Emergency workers in south Florida this week tried to rescue a 71-year-old pilot of a helicopter that crashed into a canal. The man’s daughter swam to safety but the pilot could not be saved, according to news …
Read More People Moves: Aspire in California Names Alam and Newgarden to New Roles
Aspire General Insurance Company, headquartered in Rancho Cucamonga, Calif., named Bilal Alam actuary and chief data officer and Tom Newgarden as an Aspire board member. Alam previously served as vice president and head of reinsurance at National General Insurance Company …
Read More Hallmark Financial to Voluntarily Delist From Nasdaq
Property/casualty insurer Hallmark Financial Services said it has voluntarily delisted from Nasdaq after failing to meet requirements to remain on the stock exchange. Hallmark on Dec. 26 provided notice to Nasdaq. The company said its shares will be suspended in …
Read More Appraisal Isn’t Arbitration, Alabama High Court Says in Dismissing Insurer Appeal
A petition to invoke appraisal is not the same thing as a motion to compel arbitration, the Alabama Supreme Court ruled Friday. The high court dismissed an appeal by Great American Insurance Co. that sought to overturn a trial court’s …
Read More SEC’s Ambitious Climate Agenda Stalls as US Elections Raise Stakes in New Year
The Securities and Exchange Commission’s failure to complete an ambitious climate-related agenda in 2023 is making environmental activists nervous. Less than a year before a US presidential election that could scuttle the regulator’s environmental, social and governance efforts, the SEC …
Read More Hapag-Lloyd, Japanese Shipping Firms Continue to Re-route From Suez Canal
Hapag-Lloyd will continue to divert its vessels around the Suez Canal for security reasons, a spokesperson for the German container shipper said on Friday, adding a further assessment would be made on Jan. 2. Mitsui O.S.K. Lines and Nippon Yusen, …
Read More Storm Gerrit Batters Northern UK, Damaging Houses, Knocking Out Power
A storm that battered the UK with high winds and heavy snow damaged houses, canceled trains and left thousands of people without electricity Thursday across Scotland and parts of northern England. Workers dealt with wind speeds of 80 miles per …
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