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Zywave Names Simoncic New CEO, Kasper CFO
Insurance technology provider Zywave said Martin Simoncic is its new chief executive officer and Christian G. Kasper has joined as chief financial officer. Simoncic most recently served as president of PROS Holdings, a software-as-a-service (SaaS) solutions company using artificial intelligence. …
POSTED SEPTEMBER 18, 2024 4:20 PM |
Moody’s: Private Market Insured Losses From Francine to Not Exceed $2B
U.S. private market insured losses from Hurricane Francine are estimated to not exceed $2 billion, Moody’s RMS Event Response team said. Losses to the National Flood Insurance Program from the hurricane are estimated to be less than $200 million, the …
POSTED SEPTEMBER 18, 2024 4:20 PM |
AM Best Downgrades Credit Ratings of Texas Farm Bureau Casualty Insurance Co.
AM Best has downgraded the Financial Strength Rating (FSR) to B++ (Good) from A- (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) to “bbb+” (Good) from “a-” (Excellent) of Texas Farm Bureau Casualty Insurance Company and its affiliates, Farm …
POSTED SEPTEMBER 18, 2024 4:09 PM |
Federal Judge in N.D. Temporarily Blocks Biden Rule on Natural Gas Flaring
BISMARCK, N.D. (AP) — A federal judge in North Dakota has temporarily blocked a new Biden administration rule aimed at reducing the venting and flaring of natural gas at oil wells. “At this preliminary stage, the plaintiffs have shown they …
POSTED SEPTEMBER 18, 2024 3:48 PM |
Wisconsin Food Processor Fined $161K for Exposing Workers to Dangers
A Wisconsin animal food producer exposed employees to the risks of explosions, fires and long-term respiratory illnesses from excessive amounts of airborne dust, federal workplace inspectors found. The findings follow an inspection by the U.S. Department of Labor’s Occupational Safety …
POSTED SEPTEMBER 18, 2024 3:36 PM |
US Sues Ship Owner, Operator Over Baltimore Bridge Collapse
The US sued the owner and the operator of a Singapore-flagged ship that rammed into a Baltimore bridge in March, the most aggressive action to date in response to a disaster that killed six workers and threw the region’s transportation …
POSTED SEPTEMBER 18, 2024 3:34 PM |
Houston-Area Blaze Caused by SUV Accident, Officials Say
A fire on an Energy Transfer LP natural gas liquids pipeline near Houston was caused by an SUV crashing through the fence of a Walmart store and into an above-ground valve to the line, local officials said. Preliminary reports indicate …
POSTED SEPTEMBER 18, 2024 3:32 PM |
Appeals Court Spikes Brett Favre’s Defamation Suit Against Shannon Sharpe
NEW ORLEANS (AP) — A federal appeals court has refused Monday to revive a defamation lawsuit that former NFL quarterback Brett Favre filed against a fellow Pro Football Hall of Fame member — former tight end Shannon Sharpe. Favre filed …
POSTED SEPTEMBER 18, 2024 2:26 PM |
Wildfire Risk Upends California’s Cannabis Heartland as Insurance Vanishes
Hannah Whyte is one of thousands of Californians who have struggled to insure their property in the event of wildfire. Her 77-acre farm nestled deep in a wildfire-vulnerable forest lost its coverage from State Farm after the mountainous region burned …
POSTED SEPTEMBER 18, 2024 2:25 PM |
Alabama’s Wind-Mitigation Program Celebrates 50,000 Fortified Homes in the State
Alabama’s wind-mitigation grant program has resulted in 50,000 fortified homes over the last decade, outpacing most other coastal states that offer similar programs. The Alabama Department of Insurance announced the milestone this week, giving more kudos to a program that …
POSTED SEPTEMBER 18, 2024 12:54 PM |
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