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Archive: November 2023

Insurance Premiums Are Big Driver of Australian Inflation
Insurance Journal | November 1, 2023
Insurance Premiums Are Big Driver of Australian Inflation
Australian inflation is being driven by climate change, geopolitical shocks and government policies — factors typically beyond the Reserve Bank’s control. Yet economists still anticipate it will have to respond with monetary tightening as soon as next week. In a …
NFP Acquires Ireland-Based Health and Safety Consultancy, SeaChange Ltd.
Insurance Journal | November 1, 2023
NFP Acquires Ireland-Based Health and Safety Consultancy, SeaChange Ltd.
NFP, a New York City-based property/casualty broker, announced it has acquired SeaChange Ltd., a health and safety consultancy based in Naas, County Kildare, in Ireland. This acquisition expands NFP’s European health and safety capabilities and solutions for the company’s Irish, …
Death Toll Lowered to 7 in Louisiana Super Fog Highway Crashes Involving 160 Vehicles
Insurance Journal | November 1, 2023
Death Toll Lowered to 7 in Louisiana Super Fog Highway Crashes Involving 160 Vehicles
NEW ORLEANS (AP) – The death toll from last week’s series of highway crashes blamed on a “super fog” of smoke from marsh fires mixed with dense fog has been lowered from eight to seven people, according to Louisiana State …
Tesla Cleared of Fault in Fatal Chinese Crash: Local Media Reports
Insurance Journal | November 1, 2023
Tesla Cleared of Fault in Fatal Chinese Crash: Local Media Reports
A Chinese court has ruled a Tesla Inc. vehicle wasn’t the cause of a 2022 accident that killed two people and injured three others, Shanghai Securities News reported. The automaker had sued a social media influencer who alleged the crash …
Alliant Acquires Oklahoma’s 3IG & The Arrow Group
Insurance Journal | November 1, 2023
Alliant Acquires Oklahoma’s 3IG & The Arrow Group
Alliant Insurance Services has acquired 3000 Insurance Group (3IG), a retail property and casualty (P&C) insurance and employee benefits firm based in Oklahoma City, Oklahoma. Joining the Alliant Americas division, 3IG provides commercial risk management and personal lines insurance coverages. …
Ending Polarization and Building Future Leaders: Travelers CEO
Insurance Journal | November 1, 2023
Ending Polarization and Building Future Leaders: Travelers CEO
Challenges facing today’s business leaders include keeping pace with rapid change, the leader of Travelers said last week while also going out of his way to cast light on a serious obstacle to forward progress: polarization. “I think it’s a …
SolarWinds Staff Warned About Security Holes Before Russia Hack
Insurance Journal | November 1, 2023
SolarWinds Staff Warned About Security Holes Before Russia Hack
Well before Russia’s audacious cyberattack that exploited SolarWinds Corp.’s software was made public, several employees allegedly raised red flags about holes in the company’s security. Their warnings, documented in a lawsuit filed by US regulators, raise questions about whether the …
Ravaged Fort Myers Becomes Magnet for Risk-Taking Property Buyers
Insurance Journal | November 1, 2023
Ravaged Fort Myers Becomes Magnet for Risk-Taking Property Buyers
A year after Hurricane Ian ripped through southwest Florida, wealthy risk-takers are transforming one beach town. In Fort Myers Beach, many of the middle-class cottages that once dotted the Estero Island town were wiped off the map. Ian killed 21 …
Averted Disaster on Flight that Landed in Oregon Renews Scrutiny of Mental Health in Cockpit
Insurance Journal | November 1, 2023
Averted Disaster on Flight that Landed in Oregon Renews Scrutiny of Mental Health in Cockpit
What authorities describe as an off-duty pilot`s attempt to shut down the engines of a Horizon Air flight with more than 80 people on board has renewed attention on the mental fitness of those allowed in the cockpit. Joseph Emerson, …
New York State Distributes $190M in Opioid Settlement Funds
Insurance Journal | November 1, 2023
New York State Distributes $190M in Opioid Settlement Funds
Governor Kathy Hochul announced that New York has made available approximately $192.8 million provided in the first year of the opioid settlement agreements to support a variety of prevention, treatment, harm reduction, and recovery initiatives to help New Yorkers affected …