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Church Official Warns of Financial Flood from Clergy Sex Abuse Claims
Apr 12 2021 // A top official with the Archdiocese of Santa Fe says a financial flood from clergy sex abuse claims is coming and a settlement would serve as the dam to prevent devastation to parishes across northern New Mexico. A letter...
Is It Covered?: A Flood of Uncovered Claims
Apr 6 2021 // On a recent insurance social media page, an agent was looking for a market for a $2 million home that had experienced a $540,000 plumbing leak claim and the carrier had nonrenewed. A few weeks earlier, another agent had...
New Federal Flood Insurance Rating Plan to Start Oct. 1
Apr 5 2021 // Hundreds of thousands of Americans will pay significantly more to insure their homes in coastal areas and flood zones under new rules released on Thursday by the Federal Emergency Management Agency (FEMA), the first major...
Australia’s Floods to Hit Insurers’ Earnings, Put Upward Pressure on Reinsurance Rates
Mar 31 2021 // Insured losses from Australia’s March floods are expected to hit general (or property/casualty) insurers’ underwriting margins and earnings in 2021, while putting more upward pressure on reinsurance rates,...
More Rain Comes to Tennessee After Historic Flooding
Mar 31 2021 // Flash flooding in Tennessee has claimed a fifth victim after authorities said a man drove his car around barricades and apparently drowned. The latest death occurred Sunday night in Ashland City, just west of Nashville,...
Homes, Cars Flooded After Record Rains in Tennessee; Dozens Rescued
Mar 29 2021 // Heavy rains across Tennessee flooded homes and roads, prompting officials to rescue dozens of people from houses, apartments and vehicles. Authorities said four bodies were found Sunday in the flood’s aftermath. A...
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