Insurance
Firefighters Curb Blazes Threatening 2 Canada Cities With More Hot Weather Expected
Firefighters kept wildfires at bay near the capital of Canada`s Northwest Territories as well as a threatened city in British Columbia, though no one claimed victory as forecasters warned that drier and windier weather was coming. For Saturday at least, …
Read More Ukraine Weighs Using New Black Sea Export Corridor for Grain Shipments
Ukraine is considering using its newly tested wartime Black Sea export corridor for grain shipments after other cargo ships follow the first successful evacuation of a vessel on the route last week, a senior agricultural official said on Monday. Russia …
Read More US Insurance Giant Marsh Set for $448 Million Honan Deal
Marsh has agreed to acquire Honan Insurance Group Pty Ltd. as the US insurance broker giant seeks to expand its presence in Australia and New Zealand. The Marsh & McLennan Cos Inc. unit has signed a deal to buy out …
Read More Private Flood Insurers See Opportunity as NFIP Increases Rates
While the National Flood Insurance Program (NFIP) rolls out a new rating program generating premium increases for many policyholders, the private flood insurance market has seized the opportunity to grow its market share across the U.S., according to an issues …
Read More National Drunk Driving Fatalities Surge in 2021
The number of national drunk driving fatalities increased in 2021, according to a new report by online driver education platform Zutobi. In its analysis, Zutobi shared that 13,386 deaths were attributed to drunk driving in 2021, accounting for 31% of …
Read More A Year After Uproar over Demotech Ratings, Little Has Changed, But Questions Remain
A little more than a year ago, the Demotech financial rating firm ignited a storm of controversy in Florida when it sent letters to a reported 16 insurance carriers, warning that the companies were about to have their financial stability …
Read More Police Respond to ‘Chaos’ as Florida Condo Owners Outraged Over Higher Insurance Fees
Shouts, shoves and chaos broke out and police had to be called when condominium owners in Pembroke Pines, Florida, objected to being shut out of an association meeting called to discuss higher fees due to spiking insurance premiums. Fortune magazine …
Read More Oakbridge Acquires Georgia-based Cole Agency
Oakbridge Insurance Agency, one of the larger independent agencies in the country, has expanded again with the acquisition of the Cole Agency in Montezuma, Georgia. Cole has specialized in poultry insurance since 1989 but also offers coverage plans for others …
Read More Maui Fire Lays Bare Utility Missteps Mirrored Across the Country
When flames ripped through the drought-parched town of Paradise in 2018, destroying homes and killing 85 in California’s deadliest-ever wildfire, it was a wake-up call to power companies across the country. Electric lines would ultimately be blamed for the blaze, …
Read More Hawaii Wildfires Killed at Least 111, Burned 2K-Plus Homes and Businesses
The Hawaii wildfires have killed at least 111 people with many still unaccounted for, and they have burned more than 2,000 burned homes and businesses. CNN reported that Hawaii Gov. Josh Green said it’s likely that more than 1,000 residents …
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