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Archive: August 2022

China’s Drought-Hit Regions Now Face Heavy Rains, Flooding
Insurance Journal | August 30, 2022
China’s Drought-Hit Regions Now Face Heavy Rains, Flooding
More than 100,000 people have been moved to safer areas by Monday as heavy rains brought flood risks to a region of southwest China that was devastated by a heatwave and drought for most of the summer. Heavy rain was …
Travelers, Policyholder Agree to Void Current Cyber Policy
Insurance Journal | August 30, 2022
Travelers, Policyholder Agree to Void Current Cyber Policy
Travelers and policyholder International Control Services (ICS) jointly filed a stipulation to have a federal court rescind an active cyber insurance policy that the insurer claimed was void due to the insured’s misrepresentation of multi-factor authentication use. According to documents …
People Moves: McGriff Names Thames to Lead Charlotte Ops
Insurance Journal | August 30, 2022
People Moves: McGriff Names Thames to Lead Charlotte Ops
McGriff, a major U.S. insurance broker, has named Arkansas-area executive Will Thames to lead its operations in Charlotte, North Carolina. The Truist-owned insurance subsidiary said it has identified Charlotte as an emerging flagship insurance operation. Before joining McGriff, Thames was …
Biz Moves: PCF Acquires Apple Insurance in Florida
Insurance Journal | August 30, 2022
Biz Moves: PCF Acquires Apple Insurance in Florida
PCF Insurance Services (PCF), a brokerage headquartered in Lehi, Utah, has acquired Florida-based insurance broker Apple Insurance and Financial Services. Apple Insurance is an individual health and Medicare insurance agency based in Ft. Lauderdale, Florida, offering access to Florida Blue. …
Study Shows Pollution, Runoff Intensify Red Tide Blooms in Florida Waters
Insurance Journal | August 30, 2022
Study Shows Pollution, Runoff Intensify Red Tide Blooms in Florida Waters
A new study by University of Florida researchers has provided one of the strongest correlations yet, showing that red tide outbreaks in coastal waters are exacerbated by man-made pollution. “There has been this kind of uncertainty about whether there is …
Illinois Contractor Faces $303,000 in Fines for Deadly Workplace Exposures
Insurance Journal | August 29, 2022
Illinois Contractor Faces $303,000 in Fines for Deadly Workplace Exposures
A Roselle, Illinois contractor with a long history of federal workplace safety violations who currently owes more than $390,000 in penalties, added an additional $303,105 in proposed fines for once again exposing workers to potential deadly fall hazards at a …
3 Injured at Indianapolis Concert
Insurance Journal | August 29, 2022
3 Injured at Indianapolis Concert
Rapper Wiz Khalifa cut short a concert in suburban Indianapolis as people began fleeing the outdoor venue, leaving three with minor injuries, following a disturbance, police said. People started exiting the Ruoff Music Center in Noblesville about 10:30 p.m. Friday …
Texas Ambulance Company to Settle Sexual Harassment Lawsuit
Insurance Journal | August 29, 2022
Texas Ambulance Company to Settle Sexual Harassment Lawsuit
Lone Star Ambulance, a San Antonio, Texas critical care transportation company, has agreed to pay $90,000 in damages and furnish other relief in order to settle a lawsuit filed by the U.S. Equal Employment Opportunity Commission (EEOC), the federal agency …
Louisiana Town Settles Suit Over Released Video of Illegal Search
Insurance Journal | August 29, 2022
Louisiana Town Settles Suit Over Released Video of Illegal Search
A Virginia law professor is set to receive an $86,000 payment for settlement of his civil lawsuit filed against the City of Baton Rouge. The settlement follows a federal court order in which U.S. District Judge John W. deGravelles found …
AM Best Downgrades Credit Rating of Missouri’s Cameron Mutual
Insurance Journal | August 19, 2022
AM Best Downgrades Credit Rating of Missouri’s Cameron Mutual
AM Best has downgraded the Long-Term Issuer Credit Rating (Long-Term ICR) to “bb” (Fair) from “bb+” (Fair) and affirmed the Financial Strength Rating (FSR) of B (Fair) of Cameron Mutual Insurance Company (Cameron Mutual) (Cameron, MO). The outlook of the …