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Archive: September 2024

CRC Group Adds New People in Southeast
Insurance Journal | September 10, 2024
CRC Group Adds New People in Southeast
CRC Group, a wholesale specialty insurance distributor, has added new faces to its team. Davon Fields has joined CRC’s Birmingham, Alabama, office as a broker. He recently was vice president with an insurance brokerage. Donnie Waters was named senior team …
Florida Governor Floats Condo Relief Session; Condo Captive Idea Flagging
Insurance Journal | September 10, 2024
Florida Governor Floats Condo Relief Session; Condo Captive Idea Flagging
Florida Gov. Ron DeSantis urged lawmakers to weigh ideas on providing condominium owners with relief ahead of a Jan. 1 deadline that requires condo buildings to be inspected and repaired in the wake of the Surfside condo collapse that killed …
Norwich Catholic Diocese Files Chapter 11 Plan With $30M Fund for Survivors
Insurance Journal | September 10, 2024
Norwich Catholic Diocese Files Chapter 11 Plan With $30M Fund for Survivors
The Roman Catholic Diocese of Norwich and its parishes, along with its insurer Catholic Mutual Relief Society of America, have filed a joint Chapter 11 plan of reorganization as the diocese seeks to emerge from bankruptcy. The plan includes a …
Another Fast-Growing Southern California Wildfire Forces Evacuations
Insurance Journal | September 10, 2024
Another Fast-Growing Southern California Wildfire Forces Evacuations
A Southern California wildfire that broke out in Orange County’s Trabuco Canyon Monday has exploded to more than 8,500 acres overnight. By Tuesday morning, the Airport Fire had forced the evacuation of some homes in the area. CalFire reported there …
EU’s Vestager Triumphs in Crackdown on Apple’s Tax Deal, Google’s Practices
Insurance Journal | September 10, 2024
EU’s Vestager Triumphs in Crackdown on Apple’s Tax Deal, Google’s Practices
EU antitrust chief Margrethe Vestager scored two major wins on Tuesday as Europe’s top court backed her crackdown against Apple’s Irish tax deal and Google’s anti-competitive practices in two landmark cases. Vestager, who ends her term in November, has made …
Trojan Condoms Contain ‘Forever Chemicals,’ Lawsuit Claims
Insurance Journal | September 10, 2024
Trojan Condoms Contain ‘Forever Chemicals,’ Lawsuit Claims
A new lawsuit on Monday claims that Trojan condoms are not safe because they contain toxic “forever chemicals,” which have been linked to cancer. In a proposed class action filed in Manhattan federal court, the plaintiff Matthew Goodman said Church …
Commercial Property Rate Stabilization Highlights Latest WTW CLIPS
Insurance Journal | September 10, 2024
Commercial Property Rate Stabilization Highlights Latest WTW CLIPS
Broker WTW said commercial lines insurance rates increased overall by an average of 5.9% during the second quarter. Quarterly price increases have been around 6% since the end of the global pandemic, WTW reported in its Commercial Lines Insurance Pricing …
Moody’s: Insurers and Asset Managers Bolstering Cyber Defenses
Insurance Journal | September 10, 2024
Moody’s: Insurers and Asset Managers Bolstering Cyber Defenses
Insurers and asset managers worldwide continue to focus on cybersecurity amid growing risks, according to findings from a Moody’s Ratings survey that polled 110 companies operating across both sectors. Respondents’ total investment in cybersecurity rose by 53% between 2019 and …
Getting the Green Light: Are High-Tech Upgrades Coming Soon to Roads?
Insurance Journal | September 10, 2024
Getting the Green Light: Are High-Tech Upgrades Coming Soon to Roads?
The secret to avoiding red lights during rush hour in Utah’s largest city might be as simple as following a bus. Transportation officials have spent the past few years refining a system in which radio transmitters inside commuter buses talk …
Residents in Louisiana City Still Recovering From 2020 Hurricanes
Insurance Journal | September 10, 2024
Residents in Louisiana City Still Recovering From 2020 Hurricanes
LAKE CHARLES, La. (AP) — Every other day Lois Malvo waits for her son to bring six buckets of water from a spigot in the backyard. He then bathes his 78-year-old mother using water heated on the stove and washes …