Insurance
Companies Grapple With the Fallout of Speaking Up About the Israel-Hamas War
Starbucks accused a union representing thousands of its baristas of damaging the brand and endangering co-workers with a pro-Palestinian tweet. The CEO of a prominent tech conference resigned amid backlash for his public statements suggesting that Israel was committing war …
Read More Inflation, Commercial Real Estate Among Top Financial Stability Concerns
The chance for persistent inflation to keep interest rates higher and potential losses in the commercial real estate market are among the top concerns of respondents to a Federal Reserve survey on financial stability, the U.S. central bank said on …
Read More Software Firm Okta’s Discloses Cyber Breach
Okta on Oct. 20 disclosed a breach of its customer support system that allowed some hackers to view files uploaded by certain clients, pushing the software company’s shares down about 12%. “Okta security has identified adversarial activity that leveraged access …
Read More Florida Special Session Called to Punish Iran…and Help Floridians with Wind Mitigation
Florida lawmakers have agreed to convene in another special session – the sixth in three years – this time to sanction the country of Iran but with a little indirect Florida property insurance relief also on the agenda. The call …
Read More People Moves: Canales Joins Alliant in California as Executive Vice President
Scott Canales has joined Alliant Insurance Services as executive vice president, Alliant Specialty. Based in Los Angeles, Calif., Canales has spent 38 years in the construction industry, with 31 years as a construction insurance broker. He was most recently in …
Read More Baltimore Firefighter Killed, Four Others Injured Battling Rowhouse Fire
A rapidly intensifying blaze that engulfed multiple rowhouses in northwest Baltimore late Thursday afternoon left one firefighter dead and four others injured, city officials said. The injured firefighters sustained varying degrees of burns and are receiving medical treatment, officials said …
Read More 4 Cows Killed in Truck Rollover Crash in Connecticut; Another 6 Euthanized
A tractor-trailer carrying 44 dairy cows crashed on a Connecticut highway exit ramp early Thursday, killing eight of the animals immediately while another six had to be euthanized because of their injuries, state police and agriculture officials said. Police and …
Read More Communities Can’t Recycle or Trash E-Cigarettes. So What Happens to Them?
With the growing popularity of disposable e-cigarettes, communities across the U.S. are confronting a new vaping problem: how to safely get rid of millions of small, battery-powered devices that are considered hazardous waste. For years, the debate surrounding vaping largely …
Read More Oklahoma Captive Program Reports 25% Net Gain of Captive Insurers in 2023
The Oklahoma Insurance Department’s Captive Insurance Division reported a 25% net gain in captive insurers for 2023. As of September 30, the state has licensed 11 new captive insurers for the year. There are 55 actively licensed captive insurers, along …
Read More TWIA Board to Hold Interim Meeting to Discuss 2024 Budget
The Texas Windstorm Insurance Association (TWIA) Board of Directors will hold an interim meeting on Tuesday, October 31 at 10:00 a.m. CT to review preliminary information about the Association’s 2024 budget. TWIA staff will preview the 2024 budget ahead of …
Read More