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Archive: November 2023

Best Agency to Work For – Overall Winner: Mackoul Risk Associates
Insurance Journal | November 20, 2023
Best Agency to Work For – Overall Winner: Mackoul Risk Associates
Mackoul Risk Associates with offices in both Morristown, New Jersey, and Long Beach, New York, lives and breathes the motto, “work hard and play hard.” As one employee wrote when nominating the agency for this year’s annual Best Agencies to …
River Rhine in South Germany Closed to Shipping Due to High Water Levels
Insurance Journal | November 20, 2023
River Rhine in South Germany Closed to Shipping Due to High Water Levels
Parts of the river Rhine in south Germany remain closed to shipping on Monday after a rise in water levels following recent heavy rain, navigation authorities said on Monday. Rhine river shipping remains stopped around Maxau in south Germany, the …
SEC Signals It May Curb Climate Rule Ambitions
Insurance Journal | November 20, 2023
SEC Signals It May Curb Climate Rule Ambitions
U.S. Securities and Exchange Commission (SEC) officials have told lobbyists and corporate executives in recent days that the agency’s long-anticipated climate rules may scale back some of the most demanding greenhouse gas emissions disclosure requirements that it had proposed. At …
AM Best Places Florida Farm Bureau Ratings Under Review After Idalia Losses Pile On
Insurance Journal | November 20, 2023
AM Best Places Florida Farm Bureau Ratings Under Review After Idalia Losses Pile On
AM Best has placed under review with negative implications the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Ratings of “bbb+” (Good) of Florida Farm Bureau Casualty Insurance Co. and its fully reinsured subsidiary, Florida Farm Bureau …
Capture of Israeli-Owned Ship Reignites Fears Over Mideast Shipping
Insurance Journal | November 20, 2023
Capture of Israeli-Owned Ship Reignites Fears Over Mideast Shipping
An Israeli-owned ship seized in the Red Sea by Iran-backed Houthi rebels in retaliation for the war in Gaza is raising fears over more widespread disruption in one of the world’s busiest shipping routes. The Galaxy Leader, beneficially owned by …
Grain Ship, Damaged off Coast of Ukraine, Likely Hit Sea Mine: Sources
Insurance Journal | November 20, 2023
Grain Ship, Damaged off Coast of Ukraine, Likely Hit Sea Mine: Sources
A merchant ship transporting grains was lightly damaged off the coast of Ukraine and was likely to have been hit by a floating sea mine, according to maritime specialists and a Ukrainian government source. This is the latest incident affecting …
Injuries to European Footballers Rise to $767 Million During World Cup Year: Howden
Insurance Journal | November 20, 2023
Injuries to European Footballers Rise to $767 Million During World Cup Year: Howden
Injuries to European footballers became more severe after the winter World Cup in Qatar last year, contributing to a nearly 30% annual jump in the cost to clubs of seeing their players sit on the sidelines. The findings come in …
India Tunnel Collapse Shows Risk of Construction in Fragile Himalayas
Insurance Journal | November 20, 2023
India Tunnel Collapse Shows Risk of Construction in Fragile Himalayas
For nearly a week, 40 workers have been trapped in an under-construction tunnel after a landslide demolished its entrance, derailing a major connectivity development in India’s mountainous state of Uttarakhand. Since Nov. 12, rescue teams have employed a slew of …
Australian Telco Optus’ CEO Quits After Massive Network Outage and Cyber Attack
Insurance Journal | November 20, 2023
Australian Telco Optus’ CEO Quits After Massive Network Outage and Cyber Attack
The head of Australia’s second-largest telco Optus resigned on Monday, cutting short a more than three-year tenure marred by a massive network-wide outage and one of Australia’s largest data breaches. Parent Singapore Telecommunications announced the resignation of Optus CEO Kelly …
Nationwide: Gap Between Agents, Commercial Clients View of Severe Weather
Insurance Journal | November 20, 2023
Nationwide: Gap Between Agents, Commercial Clients View of Severe Weather
A Nationwide study has found that independent insurance agents believe many of their commercial clients don’t have adequate coverage to protect their businesses from severe weather. While 82% of surveyed property stakeholders reported working with an agent to ensure appropriate …