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Archive: November 2022

Texas Agency, Lawmakers Aim to Tighten Pollution From Concrete Plants
Insurance Journal | November 18, 2022
Texas Agency, Lawmakers Aim to Tighten Pollution From Concrete Plants
ARLINGTON — Deirdre Diamond is frustrated and concerned that another concrete batch plant is coming to her town. Gunter, located about 50 miles north of Dallas, already has 11 permitted concrete batch plants, according to Texans for Responsible Aggregate Mining, …
Indiana House Explosion Injures 3; Gas Leak Blamed in Blast
Insurance Journal | November 18, 2022
Indiana House Explosion Injures 3; Gas Leak Blamed in Blast
PRINCETON, Ind. (AP – A house explosion in southwestern Indiana that injured three people has been traced to a heater that began leaking natural gas during maintenance work, authorities said. Four people were inside the two-story home when it was …
Acrisure Buys New York Technology Services Firm Homefield IT
Insurance Journal | November 10, 2022
Acrisure Buys New York Technology Services Firm Homefield IT
Insurance broker and real estate services firm Acrisure announced that it has acquired business technology firm Homefield IT, which will become part as part of Acrisure Cyber Services (ACS). Based in New York City, Homefield IT specializes in managed information …
Voters Approve Recreational Marijuana in Two More States to Total 21
Insurance Journal | November 10, 2022
Voters Approve Recreational Marijuana in Two More States to Total 21
Voters approved recreational marijuana in Maryland and Missouri but rejected it in three other states, signaling support gradually growing for legalization even in conservative parts of the country. The results mean that 21 states have now approved marijuana’s recreational use. …
Arkansas Voters Reject Legalizing Marijuana
Insurance Journal | November 10, 2022
Arkansas Voters Reject Legalizing Marijuana
LITTLE ROCK, Ark. (AP) – Arkansas voters have rejected a constitutional amendment that would have legalized recreational marijuana in the state. The proposal failed six years after Arkansas voters made the state the first in the Bible Belt to legalize …
Moody’s: California Utilities Reduced Liability Following Catastrophic Wildfires
Insurance Journal | November 10, 2022
Moody’s: California Utilities Reduced Liability Following Catastrophic Wildfires
A new report shows California utilities have noticeably reduced their liability following catastrophic wildfires in the past that have been blamed on the utilities and have driven several massive lawsuits and financial challenges. The report out on Thursday from Moody’s …
D&O Pricing Falls 14.7% in Q3, Breaking 17-Quarters of Pricing Increases: Aon
Insurance Journal | November 10, 2022
D&O Pricing Falls 14.7% in Q3, Breaking 17-Quarters of Pricing Increases: Aon
Directors and officers liability pricing fell 14.7% in the third quarter, according to a recent survey. Aon’s Financial Services Group’s Q3 2022 pricing index for the quarter ending on September 30 decreased to 1.57 from 1.96 in the prior-year quarter, …
Iowa Voters Add Gun Rights to Constitution
Insurance Journal | November 10, 2022
Iowa Voters Add Gun Rights to Constitution
DES MOINES, Iowa (AP) – Iowans voted Tuesday to add a right to keep and bear arms into the state constitution, a move that will make it more difficult to pass gun restrictions and easier to strike down existing gun …
No Radioactive Contamination Found at Missouri School
Insurance Journal | November 10, 2022
No Radioactive Contamination Found at Missouri School
FLORISSANT, Mo. (AP) – Testing by the U.S. Army Corps of Engineers found no radioactive contamination at a Missouri school that was shut down last month amid fears that nuclear material from a contaminated creek nearby had made its way …
Novatae Risk Group Acquires MarketScout; Kerr Named CEO
Insurance Journal | November 10, 2022
Novatae Risk Group Acquires MarketScout; Kerr Named CEO
Managing general agent Novatae Risk Group said it acquired fellow MGA, MarketScout Corp., on Nov 1. Terms of the transaction were not disclosed. Richard Kerr, founder and CEO of Dallas-based MarketScout, was named CEO of Novatae, effective immediately. Steve Cook, …