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Likely Tornadoes Cause No Major Damage in Oklahoma City

Two likely tornadoes touched down in the Oklahoma City area Wednesday in addition to two other suspected twisters in western Oklahoma as severe storms hit the state, according to the National Weather Service. There are no reports of injuries or …

Michigan Woman Pleads Guilty to $135K Insurance Fraud

A Portland, Michigan, woman has pleaded guilty to filing fraudulent insurance claims totaling more than $135,000, state insurance regulators say. According to Michigan Department of Insurance and Financial Services (DIFS) Director Anita Fox, following an investigation conducted by the DIFS …

Toronto Cyber Insurtech Boxx Expands to U.S., Names Itriago as President

Right after closing its Series A financing round, Boxx Insurance Inc. announced its expansion to the U.S. and its appointment of Hilario Itriago as Boxx USA president. The digital managing general agency promises that its cyber insurance products make it …

La Nina Arrives, Threatening More Droughts, Storms and Supply Disruptions

A weather-roiling La Nina appears to have emerged across the equatorial Pacific, setting the stage for worsening droughts in California and South America, frigid winters in parts of the U.S. and Japan and greater risks for the world’s already strained …

Aon Projects Health Costs for Large Companies to Rise 5% in 2022

Costs for large U.S. employers that pay for their employees’ medical care will increase on average five percent to more than $13,000 per employee in 2022, predicts insurance broker Aon. This increase would be slightly less than what employers budgeted …

People Moves: Promotions at A.I.M. Mutual, Merchants; Fred C. Church Hires Thompson

A.I.M. Mutual Names Landers as Vice President, Chief Operating Officer A.I.M. Mutual’s board of directors elected Daniel Landers as vice president and chief operating officer, effective October 1. In this capacity, he continues to report to President and CEO Michael …

New Jersey Releases Final Climate Change Resiliency Strategy

New Jersey Governor Phil Murphy’s Interagency Council on Climate Resilience released the final version of the state’s first Climate Change Resiliency Strategy, a science-based blueprint for protecting New Jersey’s vulnerable communities, environment, economy, and infrastructure from the impacts of climate …

Marsh McLennan Launches Cyber Risk Analytics Center

Marsh McLennan announced the launch of its Cyber Risk Analytics Center, a resource that brings together the cyber risk data, analytics and mitigation expertise of its four businesses and other business, government and academic partners. The cross-enterprise center’s participants— Marsh, …

Ping An’s Big Drop in Market Value Driven by Investor Wariness Over China Uncertainties

China’s Ping An Insurance (Group) Co. has long argued it should be treated like a high-growth technology company instead of a seller of life policies. After a $90 billion plunge in its market value, it’s now priced more like a …

The Hilb Group Completes Acquisition of D.F. Dwyer & Associates

The Hilb Group acquired a book of personal lines business from Rhode Island-based D.F. Dwyer & Associates LLC. The transaction became effective October 1, 2021, and completes the acquisition of D.F. Dwyer by the Hilb Group. Based in Newport, Rhode …

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