Zimbabwe Gets $32 Million in Drought Insurance From Agency of African Union
Zimbabwe received $31.8 million from African Risk Capacity, an arm of the African Union, as part of an insurance payout for the devastation the country suffered from an El Niño-induced drought. Finance Minister Mthuli Ncube told reporters on Thursday in …
As AI Gains Workplace Foothold, States Try to Make Sure Workers Aren’t Left Behind
With many jobs expected to eventually rely on generative artificial intelligence, states are trying to help workers beef up their tech skills before they become outdated and get outfoxed by machines that are becoming increasingly smarter. Connecticut is working to …
New-Vehicle Sales Growth Slows After CDK Cyberattack
Top U.S. automakers posted slower sales growth for the second quarter as a cyberattack at software systems provider CDK hit operations at several dealerships during the crucial selling period of late June. General Motors reported a 0.6% rise in new-vehicle …
Gallagher Buys NetClaim, a Claims Management Firm, from NAVEX
Arthur J. Gallagher & Co., the global insurance brokerage and consulting firm, said its claims and risk-management subsidiary, Gallagher Bassett, has acquired Georgia-based NetClaim from NAVEX. NetClaim, in Norcross, Georgia, provides first-notice-of-loss and first reports of injury for clients, including …
PointeNorth Keeps Growing with Acquisitions in the Southeast
PointeNorth Insurance Group, a large agency in the Southeast, has acquired Valdosta Insurance Services and Southern Insurance Advisors, both based in Georgia. PointeNorth said in a statement that it provides growth opportunities for agencies, as well as a perpetuation strategy …
California Warehouse, Logistics Companies Fined Nearly $840K After Worker Pay Probe
Three recent U.S. Department of Labor investigations in San Diego, California recovered nearly $840,000 for 32 employees, some of whom one employer reportedly paid less than $3 per hour. The department’s Wage and Hour Division determined that Ruffo de Alba …
Trucking Firm Owner’s Scheme to Lower Insurance Costs Hits Dead End
The owner of a New York trucking business who fabricated a supposedly independent Texas affiliate to circumvent his existing firm’s negative safety rating and avoid higher insurance costs has been found guilty of conspiracy and fraud. On June 21, a …
California Commissioner’s Analysis Shows $7.7B in Losses From Extreme Heat Events
The cumulative cost of the seven heat events in California in the past decade amounted to $7.7 billion in losses, a new report shows. The analysis from California Insurance Commissioner Ricardo Lara’s office is the result of legislation he sponsored …
Court Rejects Broadway Producer’s Antitrust, Defamation Claims Against Union
An appeals court on Tuesday rejected an appeal by a Tony Award-winning producer who claims that a union for actors and stage managers organized an illegal boycott that prevented him from producing live Broadway shows. The 2nd U.S. Circuit Court …
Government Contractors Guidehouse, Nan McKay Pay $11.3M for Cybersecurity Failure
Two government consultants have paid more than $11 million to settle allegations that they failed to meet cybersecurity requirements in a program for New Yorkers who applied online for federal emergency rental assistance during the COVID-19 pandemic. In early 2021, …
FTC Ban on Worker Noncompete Agreements Delayed by Judge
A federal judge delayed implementation of the US Federal Trade Commission’s near-total ban on noncompete agreements, the first salvo in the high-stakes legal fight over how much freedom workers should have to switch jobs within an industry. US District Judge …
State Farm Seeking Large Rate Increases in Wildfire-Prone California
State Farm has applied for large rate increases in California, a year after the carrier got rate approvals of 7% and 20%—adding fuel to a burning homeowners crisis in a state that’s seen an increasing number of carriers pullback or …
People Moves: Everest Taps BHSI’s d’Huart as Head of France, Charon Named Head of Client Engmt, Europe; CNA Hardy Promotes Magnus as Active U/W at Lloyd’s
This edition of International People Moves details appointments at Everest in Europe and CNA Hardy. A summary of these new hires follows here. Everest Taps BHSI’s d’Huart as Head of France, Charon Named Head of Client Engmt, Europe Everest announced …
Judge Blocks Biden’s Bid to Halt LNG Export Licenses Over Climate
A federal judge halted Joe Biden’s temporary moratorium on new licenses for exports of US liquefied natural gas, though the decision is unlikely to immediately jump start approvals. US District Judge James D. Cain Jr. in Louisiana issued a preliminary …
Giant Sinkhole Swallows Center of Illinois Soccer Field
ALTON, Ill. (AP) — A giant sinkhole has swallowed the center of a soccer complex that was built over an operating limestone mine in southern Illinois, taking down a large light pole and leaving a gaping chasm where squads of …
How the Hot Water That Fueled Hurricane Beryl Foretells a Scary Storm Season
Hurricane Beryl’s explosive growth into an unprecedented early whopper of a storm shows the literal hot water the Atlantic and Caribbean are in right now and the kind of season ahead, experts said. Beryl smashed multiple records even before its …
West Texas Truckers Protest Low Wages, Working Conditions
MONAHANS — Low wages and working conditions that truck drivers describe as degrading have sparked an organized labor movement in the Permian Basin, a historic first for the nation’s busiest oil field. About a dozen truckers and local environmental activists …
Houthis Escalate Red Sea Danger With Explosive Drone Attacks
Yemen’s Houthis are sending drone boats packed with explosives into the Red Sea as they intensify their attacks on merchant ships that have little defense against the “sophisticated shift” in tactic, maritime security sources say. Iran-aligned Houthi militants first launched …
Marsh McLennan Acquires Minnesota’s AmeriStar
Marsh McLennan Agency, a subsidiary of Marsh, announced the acquisition of AmeriStar Agency, Inc., a Wayzata, Minnesota-based independent agency. Terms of the acquisition were not disclosed. Founded in 1987, AmeriStar provides a range of insurance coverage solutions to high net …
NY Plane Crash Kills 5 Members of Georgia Family, Including Former Insurance Analyst
MASONVILLE, N.Y. (AP) — Five members of a family from Georgia, including a former insurance analyst, who were visiting Cooperstown, New York, for a baseball tournament died when their small plane crashed in a rural, wooded area, authorities said. The …
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