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California Insurance Commissioner Orders Moratorium on Cancellations, Non-Renewals Following Wildfires
California Insurance Commissioner Ricardo Lara has ordered insurers to preserve residential insurance coverage for 8,500 affected homes following Gov. Gavin Newsom’s emergency declaration as wildfires in Siskiyou County continue to threaten homeowners. The commissioner’s order shields those properties within the …
POSTED AUGUST 15, 2022 9:46 PM |
Missouri Voters to Consider Recreational Marijuana Legalization
A campaign to legalize recreational marijuana in Missouri gathered enough signatures to make it on the November ballot, Republican Secretary of State Jay Ashcroft announced last week. If voters approve the constitutional amendment on marijuana, those age 21 and older …
POSTED AUGUST 15, 2022 3:58 PM |
Public Adjusting Firm Accused of Pocketing Insurer Payouts in Texas, Louisiana
The Texas Department of Insurance says a public adjusting firm that was sanctioned last month by Louisiana regulators has pocketed more than $300,000 in insurer payouts intended for Texas property owners. TDI is asking the Texas State Office of Administrative …
POSTED AUGUST 15, 2022 3:47 PM |
Scope of EU Ban on Russian Coal and Fertilizers Jolts Insurers
The European Union jolted insurers and shippers by clarifying that a ban on EU entities servicing exports of Russian coal and some fertilizers applies to shipments anywhere in the world. An EU ban on imports of Russian coal and other …
POSTED AUGUST 15, 2022 3:41 PM |
Starbucks Seeks to Pause Union Elections at U.S. cafes, Claims Misconduct
Starbucks on Monday accused the federal labor board overseeing union elections at its U.S. cafes of misconduct and asked for elections to be suspended nationwide pending the outcome of an investigation. The coffee chain said in a letter to National …
POSTED AUGUST 15, 2022 2:34 PM |
Pipeline Break Spills 45,000 Gallons of Diesel in Wyoming
A diesel pipeline in Wyoming owned by a company that’s being sued by federal prosecutors over previous spills in two other states cracked open and released more than 45,000 gallons of fuel, state regulators and a company representative disclosed. Cleanup …
POSTED AUGUST 15, 2022 1:50 PM |
LA Dodgers Pitcher Accuser Files Countersuit to Defamation Claim
A San Diego woman who alleges Los Angeles Dodgers pitcher Trevor Bauer sexually abused her has filed a countersuit to his defamation claim, alleging the baseball star beat her and left her bruised, according to a court filing. Bauer has …
POSTED AUGUST 15, 2022 1:48 PM |
Coalition to Now Offer Cyber Policies With Acquisition of Admitted Carrier
Coalition said it received regulatory approval and completed the acquisition of Digital Affect Insurance Company from Munich Re Digital Partners US Holding Corporation. Digital Affect Insurance Company is a property and casualty insurer licensed in all 50 states. The acquisition …
POSTED AUGUST 15, 2022 1:33 PM |
$16 Million Part of Federal Funding to Aide Florida with Affordable Housing
The U.S. government is providing almost $12 million to help residents pay rent and mortgages in south Florida, a place that has been called the epicenter of the nation’s affordable housing crisis. The South Florida Times news site reported that …
POSTED AUGUST 15, 2022 1:25 PM |
People Moves: Hong Kong Reinsurer Peak Re Appoints Nowakowski as CUO
This edition of International People Moves details appointments at Peak Re and CNA Hardy. A summary of these new hires follows here. Hong Kong Reinsurer Peak Re Appoints Nowakowski as CUO Peak Re, a Hong Kong-based global reinsurer, announced the …
POSTED AUGUST 15, 2022 1:23 PM |
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