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

West Virginia Governor Touts 20th-Straight Workers’ Comp Loss Cost Decrease

The National Council on Compensation Insurance is recommending a 9.1% decrease in workers’ compensation loss cost projections for the West Virginia voluntary market. If approved by regulators, it would mark the 20th straight year of rate decreases for the state, …

First Street Finds Most Debby-Damaged Homes Outside Flood Zone, Without Coverage

More than three-fourths of properties flooded by Hurricane Debby last week were outside a designated flood hazard area and were likely to be uninsured for the water loss. Many of those properties were concentrated in spots seemingly far away from …

Insurance Broker NFP Acquires Orca Financial Group in Ireland

NFP, an Aon company and insurance brokerage, announced its acquisition of Orca Financial Group, a specialist financial brokerage based in Leopardstown, County Dublin. Financial details of the deal were not disclosed. The Orca team will join NFP’s employee benefits and …

FEMA Approves $61M For Iowans Affected by Spring Flooding and Severe Storms

FEMA announced last week it has approved more than $61 million for Iowa residents who experienced damage from this spring’s flooding, severe storms and tornadoes. FEMA said has provided $56 million in Individual Assistance money to help survivors with home …

People Moves: Miller Names Thevenot for Strategic Sports and Entertainment Team; Tokio Marine HCC International Promotes 2 in UK Trade Credit Division

This edition of International People Moves details appointments at insurance broker Miller and the insurer Tokio Marine HCC International. A summary of these new hires follows here. Miller Appoints Thevenot for Strategic Sports and Entertainment Team Miller, the London-based independent …

Skyward Specialty Enters the Mortgage (Re)insurance Market

Skyward Specialty Insurance Group announced its entry into the mortgage (re)insurance market. In support of this new venture, Jean-Philippe “JP” Latour joined the company as senior vice president in May 2024. Latour brings with him a wealth of expertise, having …

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 …