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Russia Vulnerable to Climate Change, Causing Expensive Natural Disasters
The residents of Irkutsk, one of Russia’s coldest regions, are used to harsh winters. But when the temperature dropped to negative 60 degrees Celsius (-76 Fahrenheit) last January, even they had to submit to the elements. “Please stay at home …
POSTED APRIL 14, 2021 7:39 AM |
NAIC Data: Florida Property Lawsuits Total 76% of Insurer Litigation in U.S.
New information from Florida’s insurance regulator paints a stark picture of the extent of litigation facing the state’s domestic insurers. The information comes as numerous stakeholders push for legislative reforms to address the litigation issue they blame for fueling the …
POSTED APRIL 14, 2021 7:17 AM |
7 European Countries Commit to Halt Export Finance for Fossil Fuel Projects
Seven European countries, including Germany, France and Britain, will commit on Wednesday to stop public export guarantees for fossil fuel projects, French Finance Minister Bruno Le Maire said on Tuesday. Coal, oil and gas infrastructure have traditionally made up a …
POSTED APRIL 14, 2021 6:49 AM |
Allstate Sees Surge in Demand for Pay-Per-Mile Insurance During COVID Shutdowns
The COVID-19 shutdowns that swept the U.S. have been a boon for a newer auto-insurance product: pay-per-mile coverage. During the pandemic, Allstate Corp. has seen interest surge in its Milewise offering, which lets customers pay auto-insurance premiums for just the …
POSTED APRIL 14, 2021 6:29 AM |
Aon’s Concessions to EU May Not Be Enough to Close $30B Willis Deal: Sources
BRUSSELS – Insurance broker Aon’s offer to sell assets in five EU countries and takeover target Willis Towers Watson’s reinsurance arm may not be enough to address EU competition concerns, people familiar with the matter said on Tuesday. Aon is …
POSTED APRIL 14, 2021 5:45 AM |
Texas Supreme Court Sides with Insure on Mold-Related Policy Changes
The Texas Supreme Court on April 9 reversed lower court rulings and found that Farmers Insurance was within its rights when it decided 19 years ago not to renew homeowners’ policies that it feared would have forced it to cover …
POSTED APRIL 14, 2021 5:36 AM |
Cyclone Seroja Damages Towns in Western Australia with Strongest Winds in 50 Years
PERTH, Australia (AP) – A destructive cyclone has damaged several towns on Australia’s western coast, shattering windows, snapping trees and knocking out power. There have been no reports of serious injuries. Tropical Cyclone Seroja crossed the Western Australia state coast …
POSTED APRIL 14, 2021 5:23 AM |
Hub Acquires Assets of Wyoming Financial Insurance
Hub International Ltd. has acquired the assets of Wyoming Financial Insurance. Terms of the deal were not disclosed. Art Hansen, president of Wyoming Financial, Mike Kretzer, CFO, and Bob Moberly, CEO, will not be joining HUB. The rest of the …
POSTED APRIL 14, 2021 5:00 AM |
Mississippi Supreme Court to Hear Challenge to Medical Marijuana Initiative
The Mississippi Supreme Court is set to hear arguments Wednesday in a lawsuit that challenges the state initiative process and seeks to block development of a medical marijuana program. Voters in November approved Initiative 65, which requires the state Health …
POSTED APRIL 14, 2021 4:29 AM |
Proposal Allowing ATVs On Alaska Roads Draws Safety Concerns
A proposal by Alaska Gov. Mike Dunleavy’s administration to allow off-road vehicles on Alaska roads has raised safety concerns and enforcement questions. Currently, state law only allows people to drive off-road vehicles across roads and not on roads. The proposed …
POSTED APRIL 13, 2021 7:51 PM |
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