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

CRC Group Adds New People in Southeast

CRC Group, a wholesale specialty insurance distributor, has added new faces to its team. Davon Fields has joined CRC’s Birmingham, Alabama, office as a broker. He recently was vice president with an insurance brokerage. Donnie Waters was named senior team …

Florida Governor Floats Condo Relief Session; Condo Captive Idea Flagging

Florida Gov. Ron DeSantis urged lawmakers to weigh ideas on providing condominium owners with relief ahead of a Jan. 1 deadline that requires condo buildings to be inspected and repaired in the wake of the Surfside condo collapse that killed …

Norwich Catholic Diocese Files Chapter 11 Plan With $30M Fund for Survivors

The Roman Catholic Diocese of Norwich and its parishes, along with its insurer Catholic Mutual Relief Society of America, have filed a joint Chapter 11 plan of reorganization as the diocese seeks to emerge from bankruptcy. The plan includes a …

Another Fast-Growing Southern California Wildfire Forces Evacuations

A Southern California wildfire that broke out in Orange County’s Trabuco Canyon Monday has exploded to more than 8,500 acres overnight. By Tuesday morning, the Airport Fire had forced the evacuation of some homes in the area. CalFire reported there …

EU’s Vestager Triumphs in Crackdown on Apple’s Tax Deal, Google’s Practices

EU antitrust chief Margrethe Vestager scored two major wins on Tuesday as Europe’s top court backed her crackdown against Apple’s Irish tax deal and Google’s anti-competitive practices in two landmark cases. Vestager, who ends her term in November, has made …

Trojan Condoms Contain ‘Forever Chemicals,’ Lawsuit Claims

A new lawsuit on Monday claims that Trojan condoms are not safe because they contain toxic “forever chemicals,” which have been linked to cancer. In a proposed class action filed in Manhattan federal court, the plaintiff Matthew Goodman said Church …

Commercial Property Rate Stabilization Highlights Latest WTW CLIPS

Broker WTW said commercial lines insurance rates increased overall by an average of 5.9% during the second quarter. Quarterly price increases have been around 6% since the end of the global pandemic, WTW reported in its Commercial Lines Insurance Pricing …

Moody’s: Insurers and Asset Managers Bolstering Cyber Defenses

Insurers and asset managers worldwide continue to focus on cybersecurity amid growing risks, according to findings from a Moody’s Ratings survey that polled 110 companies operating across both sectors. Respondents’ total investment in cybersecurity rose by 53% between 2019 and …

Getting the Green Light: Are High-Tech Upgrades Coming Soon to Roads?

The secret to avoiding red lights during rush hour in Utah’s largest city might be as simple as following a bus. Transportation officials have spent the past few years refining a system in which radio transmitters inside commuter buses talk …

Arrowhead announces new carrier partnership for New Jersey homeowners

SAN DIEGO, CA., September 10, 2024 – Arrowhead General Insurance Agency, Inc. is pleased to announce its new carrier relationship with DB Insurance Company. Together we have introduced a new admitted homeowner’s program in the state of New Jersey. DB …