Monthly Archives: <span>August 2024</span>

Competitor Dies During Swimming Event of CrossFit Games at a Texas Lake

DALLAS (AP) — A Serbian competitor in the CrossFit Games died while competing in a swimming event Thursday morning at a Texas lake, officials said. CrossFit CEO Don Faul said during a news conference that they were “deeply saddened” and …

Athens Braces for Wildfire Flare-Ups as High Winds Return

Greek firefighters are working to bring the remnants of a huge wildfire near Athens under control, after wind speeds picked up again on Tuesday afternoon. The biggest blaze of the summer started northeast of the capital Sunday, fueled by strong …

Ford, Mazda Advise Against Driving Certain Models Over Takata Airbag Concerns

Ford Motor and Mazda issued advisories to drivers of certain vehicles still affected by faulty Takata airbags and inflators that can cause potentially severe or fatal injuries. The National Highway Safety Administration has previously warned that air bag inflators could …

Manufacturers Hit by Soaring Property Insurance Costs

James Kirsh expects the cost of the property and casualty insurance for his family-owned foundry in Wisconsin that makes cast iron parts for tractors and other equipment to at least double when it’s up for renewal this fall. He’s been …

Insured Losses From UK Riots Will Be Manageable, With Claims Below £250M: Report

Insured losses from recent riots in the United Kingdom are expected to remain at manageable levels with a limited impact on insurers’ credit profiles, according to credit agency Morningstar DBRS, in a market commentary. The main reason for manageable claims …

Report: 10 of Top U.S. Metros at Moderate to Very High Risk of Wildfire Are in California

Ten of the top 15 metropolitan areas for wildfire risk concentration are in California, while more than 2.6 million homes across 14 states with a total reconstruction cost of $1.3 trillion are at moderate to very high risk of wildfire …

House Explosion in Maryland Kills 2 and Damages Nearby Homes

Two people were killed and 12 families displaced after a Maryland house exploded Sunday amid reports of a possible gas leak, fire officials said. Neighbors described feeling and hearing the early morning blast that damaged a number of surrounding houses …

Crimes Against Customers: Part 1 – Financial Crimes

This post is part of a series sponsored by AgentSync. Insurance compliance is serious business. Falling out of compliance can have real consequences for everyone from insurance agencies, carriers, MGAs, and MGUs, to individual producers, adjusters, and dually licensed broker-dealers. …

Thailand Races to Stop Toxic Waste Cargo on MSC, Maersk Ships

Thai authorities are racing to stop about 100 shipping containers allegedly filled with hazardous industrial waste from Albania reaching the nation’s ports. Basel Action Network, a US-based nonprofit that tracks toxic trade which precarviously alerted Malaysia to illegal e-waste shipments, …

Tech Update: Hiscox Launches GenAI-Powered Lead Underwriting Platform

Hiscox, the global specialist insurer, has launched the London insurance market’s first lead underwriting platform enhanced by generative AI, aiming to provide sabotage and terrorism insurance quotes to customers faster and more efficiently than ever before. Initially developed as a …