Monthly Archives: <span>September 2021</span>

China Will Not Build Coal-Fired Power Plants Abroad, Says Xi, in Climate Pledge

UNITED NATIONS — Chinese leader Xi Jinping said on Tuesday that China would not build new coal-fired power projects abroad, using his address at the United Nations General Assembly to add to pledges to deal with climate change. Xi provided …

New Zealand Raises Fines for People and Companies that Break COVID-19 Rules

WELLINGTON – New Zealand on Friday [Sept. 17] announced higher fines of up to NZ$12,000 ($8,400) for individuals breaching coronavirus restrictions amid concerns that the current outbreak may spread beyond Auckland to other regions due to people breaking rules. “Our …

Karen Clark & Co. Releases Version 1.0 of U.S. Wildfire Model

Karen Clark & Co. (KCC), the Boston-based catastrophe modeling company, announced it has released Version 1.0 of its high-resolution U.S. Wildfire Model. This advanced and fully probabilistic model provides exceedance probability (EP) curves, probable maximum losses (PMLs), and average annual …

Biden Administration Targets Crypto Pipelines in Fight Against Ransomware Attacks

The Biden administration plans a fresh campaign against ransomware attacks through sanctions to cut off criminals’ cryptocurrency pipelines, and it urged companies to report extortion attempts and better protect themselves from them. Deputy Treasury Secretary Wally Adeyemo told reporters that …

Here’s Why Auto Safety Investigators Are Still Probing Takata Air Bag Inflators

Why are U.S. auto safety regulators opening a new investigation into Takata air bag inflators installed in millions of vehicles built over the past 20 years? Some of those vehicles have the original inflators that were installed when they were …

North Carolina Mother, Son Charged With Insurance Fraud

Officials with a North Carolina agency have accused a mother and son of falsely telling an insurance company that her car and truck had been struck multiple times by deer and other animals. A news release from state Insurance Commissioner …

Apollo Adopts RMS ExposureIQ to Understand Risk Exposure Faster

Apollo to strengthen exposure management practices and respond quicker to underwriter requests RMS exposure management cloud application ExposureIQ makes business-wide exposure management faster and more accurate for informed decision-making LONDON, U.K. – September 22, 2021 – Apollo Partners LLP (Apollo), …

Washington Proposes 3.1% Increase in Workers’ Comp Rates for 2022

The Washington Department of Labor & Industries is proposing an increase in the average price employers and workers pay for workers’ compensation insurance next year. If the proposal is adopted, it would be the first time in five years that …

People Moves: New CEO, COO at Michigan’s Frankenmuth Insurance; Lockton Names Kerrigan AVP in Cleveland

New CEO, COO at Michigan’s Frankenmuth Insurance Frankenmuth Insurance in Frankenmuth, Michigan, named Fred Edmond president and chief executive officer. Edmond formerly served as the company’s president and chief operating officer, Succeeding Edmond as chief operating officer is Andy Knudsen. …

Arthur J. Gallagher Acquires Files Agribusiness in Louisiana

Arthur J. Gallagher & Co. acquired Bastrop, La.-based Files Agribusiness LLC, retail insurance agency specializing in federal crop insurance, agribusiness property/casualty and agricultural aviation coverages. Terms of the transaction were not disclosed. Founded in 2010, Files Agribusiness provides insurance coverages …