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Australia Braces for Another Week of Devastating Bushfires

Australia is bracing for another week of devastating bushfires, with swaths of the eastern seaboard and even areas of greater Sydney facing a “catastrophic” threat that’s unprecedented at this time of year. It’s the first time authorities have set the …

Texas Windstorm Insurer Actuarial Committee to Meet Again for Rate Review

The Actuarial & Underwriting Committee of the Texas Windstorm Insurance Association (TWIA) will meet Tuesday, Nov. 19 at 1:30 pm for review and possible action regarding development of recommendations to the association’s board of directors concerning rate filings as permitted …

More Than 100 Dams in Ohio Rank as ‘High-Hazard’

Picturesque, and at times, worrisome. The Muskingum University dam in OHio holds back what locals call “College Lake” on the campus of the private liberal arts college. Perched directly over the inlet to the lake’s spillway is a wooden gazebo …

Vertus to Offer Hurricane Deductible Buy-Back Insurance in Texas

Vertus Insurance Partners, a Florida-based managing general agent and provider of specialized catastrophic risk protection insurance products is entering the Texas marketplace with its homeowners’ hurricane deductible reimbursement products. The company said its Cat4Home product provides Texas homeowners supplemental homeowner …

Ohio’s Norman-Spencer Adds Cox as Managing Director, Transportation

Norman-Spencer, a Dayton, Ohio-based property/casualty program administrator and wholesale brokerage, has appointed Dave Cox as managing director of the Transportation Division. Cox brings over 30 years of experience exclusively in the transportation insurance industry from field underwriting to chief underwriting …

Corporations Grow Nervous as Compensation for Directors Rises

It’s nice work if you can get it. The average annual compensation for non-executive directors at S&P 500 companies rose 2 percent to $304,856 last year, topping $300,000 for the first time and 43 percent higher than it was 10 …

Program Manager Victor O. Schinnerer Rebrands as Victor US

Insurance program manager Victor O. Schinnerer and Co. has rebranded as Victor US. The announcement completes the larger global unification and rebranding of The Schinnerer Group to Victor Insurance Holdings that was begun in 2018. Last month, as part of …

Juul Labs and WeWork Being Sued Under Illinois Biometric Privacy Law

Juul Labs Inc. was sued for collecting biometric data from its online customers as a method of verifying they are legally old enough to buy vaping products. The company was accused in a complaint filed last Thursday in Illinois of …

Kentucky Hemp Processing Plant Damaged by Explosion, Fire

An explosion and fire have damaged a hemp processing plant in Kentucky. Clark County Fire Chief Ernie Barnes told WKYT-TV that crews were dispatched Thursday night to the GenCanna facility in Winchester and arrived to find a large fire at …

Farmers Hit by Hurricanes in Alabama, Florida, Georgia to Get $800M in Federal Aid

The federal government announced $800 million in aid Friday to farmers in three southern states that were devastated by last year’s hurricanes. Nearly half that money will go to Florida, where timber farmers suffered catastrophic losses when Hurricane Michael came …

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