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Archive: July 2024

Houston Struggles With Beryl’s Blackouts and Searing Heat
Insurance Journal | July 9, 2024
Houston Struggles With Beryl’s Blackouts and Searing Heat
Houston is struggling through Hurricane Beryl’s chaotic aftermath, with blackouts, blocked roads, internet disruptions and spotty access to gas expected to linger well after the storm’s floodwaters recede. More than 1 million homes and businesses are likely to be without …
Southern California Wildfire Has Now Burned Nearly 27,000 Acres
Insurance Journal | July 9, 2024
Southern California Wildfire Has Now Burned Nearly 27,000 Acres
A Southern California wildfire that grew to be the biggest of the year is now at nearly 27,000 acres. The Lake Fire in Santa Barbara County erupted on Friday northeast of Los Olivos. An evacuation order was issued for an …
Michigan DIFS Bulletin Prohibits Discounting Labor Costs for Depreciation
Insurance Journal | July 9, 2024
Michigan DIFS Bulletin Prohibits Discounting Labor Costs for Depreciation
Michigan Department of Insurance and Financial Services (DIFS) Director Anita Fox released a new bulletin explicitly prohibiting insurers from discounting labor costs for depreciation when paying a homeowners insurance claim unless the insured has agreed in advance to the reduction …
Ohio Apartment Building Set to Reopen After Nearby Deadly Gas Explosion
Insurance Journal | July 9, 2024
Ohio Apartment Building Set to Reopen After Nearby Deadly Gas Explosion
A 16-story apartment building in Ohio may reopen early next month, several weeks after it was temporarily shuttered following a deadly natural gas explosion that severely damaged a neighboring building. Youngstown officials had ordered the evacuation of the International Towers …
California Wildfire Outlook: ‘A Challenging Season for Firefighters’
Insurance Journal | July 1, 2024
California Wildfire Outlook: ‘A Challenging Season for Firefighters’
While the historically official start to California’s wildfire season is still a ways off, the best forecast of the what’s ahead may be to look back on the year so far, and so far it’s been far busier for firefighters …
Ohio Company to Pay $23K Over Disability Discrimination Suit
Insurance Journal | July 1, 2024
Ohio Company to Pay $23K Over Disability Discrimination Suit
Pearl Interactive Network, Inc., a Columbus, Ohio-based telecommunications company, resolved a charge of disability discrimination filed with the U.S. Equal Employment Opportunity Commission (EEOC), the federal agency’s Cleveland Field Office announced. During the EEOC’s investigation, the agency found that Pearl …
AM Best Ratings Unchanged for Accredited, Onex’s New Program Management Unit
Insurance Journal | July 1, 2024
AM Best Ratings Unchanged for Accredited, Onex’s New Program Management Unit
AM Best confirms that the financial strength rating and long-term issuer credit ratings of Accredited’s subsidiary companies remain unchanged following their acquisition by Onex Partners from R&Q Insurance Holdings Ltd. — a deal that was completed on June 28. AM …
Markets/Coverages: Resilience Doubles Cyber Limits to $20M
Insurance Journal | July 1, 2024
Markets/Coverages: Resilience Doubles Cyber Limits to $20M
Resilience said it doubled the cyber insurance limits it can offer to clients in the U.S. to $20 million per client. This announcement follows the launch of new features and capabilities that enable enterprises to continuously manage the mitigation and …
People Moves: HDI Global Canada Promotes Navarrete to Managing Director; AXA XL Appoints Kuklinski as Regional Mgr. for Northern Europe, Germany’s Country Mgr.
Insurance Journal | July 1, 2024
People Moves: HDI Global Canada Promotes Navarrete to Managing Director; AXA XL Appoints Kuklinski as Regional Mgr. for Northern Europe, Germany’s Country Mgr.
This edition of International People Moves details appointments at HDI Global and AXA XL. A summary of these new hires follows here. HDI Global Canada Promotes Navarrete to Managing Director HDI Global Canada announced the appointment of Klaus Navarrete as …
Detroit Agrees to $300K Settlement in Wrongful Shoplifting Accusation Case
Insurance Journal | July 1, 2024
Detroit Agrees to $300K Settlement in Wrongful Shoplifting Accusation Case
DETROIT (AP) — The city of Detroit has agreed to pay $300,000 to a man who was wrongly accused of shoplifting and also change how police use facial recognition technology to solve crimes. The conditions are part of a lawsuit …