NCCI Calls for Average 15% Decrease in Florida Workers’ Compensation Rates August 29, 2023 By Insurance Journal Staff Reports The National Council on Compensation Insurance has proposed an average 15.1% decrease in rates for Florida, starting Jan. 1, the...
Farmers Insurance Laying Off 11% of Workforce, Citing Industry Challenges August 28, 2023 By Ezra Amacher Farmers Insurance announced it will part ways with approximately 2,400 employees – 11% of its workforce across all lines of...
KCC Estimates Storm Hilary Caused Nearly $600M in Insured Losses August 28, 2023 Catastrophe modeler Karen Clark & Co. said privately insured losses in the U.S. from Hurricane Hilary will be near $600...
TEPCO Says Seawater Radioactivity Below Detectable Limits After Fukushima Release August 28, 2023 By Sakura Murakami and Kantaro Komiya Initial tests showed seawater radioactivity to be below detectable levels after the release of treated radioactive water from Japan’s Fukushima...
Kansas City Fire Department Faces US Department of Justice Investigation for Alleged Racial Discrimination August 28, 2023 KANSAS CITY, Mo. (AP) – The Kansas City, Missouri, Fire Department is under a U. S. Department of Justice investigation...
People Moves: Sompo Int’l Taps Zurich’s Weiss as Head of Property & Energy, Continental Europe; Inigo Hires Aviation Specialist Harker From Marsh August 28, 2023 This edition of International People Moves details appointments at Sompo International and Inigo Limited. A summary of these new hires...
Severe Storms and Tornado Cause Damage and Power Outages in Michigan, Leaving 5 Dead August 28, 2023 By Corey Williams and Mike Householder CANTON TOWNSHIP, Mich. (AP) – At least one tornado touched down in Michigan as part of severe storms powered by...
Louisiana Oil Refinery Fire Mostly Contained but Residents Worry About Air Quality August 28, 2023 GARYVILLE, La. (AP) – Crews were still working to suppress flare-ups Saturday as a fire at a Louisiana oil refinery...
Libor Zombies Pit Hedge Funds Against Banks, Insurers in High-Stakes Feud August 28, 2023 By Tasos Vossos and William Shaw One of the most lucrative, and contentious, trades of 2023 has emerged in an obscure corner of financial markets, minting...
Nominations Open for ‘Best Agency to Work For’ Awards. Deadline Soon. August 28, 2023 Is your agency a Best Place to Work? Then it’s time to nominate your agency as a “Best Agency to...