Households can experience significant financial strain through pressures to income and expenses due to climate hazards, a report from the U.S. Department of Treasury shows. The report, The Impact of Climate Change on American Household Finances, adds to the department’s …
CRC Group, a wholesale speciality insurance distributor based in Birmingham, Alabama, part of Truist Insurance Holdings, has named three people to leadership roles. Mike Baeurle was appointed chief client officer, overseeing retail agency distribution, business development and client relationships for …
State attorneys general were busy Thursday announcing their share of a $49.5 million settlement with software company Blackbaud related to a 2020 ransomware event that exposed the data of millions of people across the U.S. Blackbaud said it reached the …
Tennessee’s comptroller wants more-frequent property appraisals to keep up with rapidly escalating home prices, a move that could have an indirect impact on property insurance limits and premiums in the state. Comptroller of the Treasury, Jason Mumpower, said he hopes …
Renaissance Alliance, a network of independent insurance agencies, has acquired another network – Agency Partners Inc. (API). With headquarters in Alma, Georgia, API has grown rapidly in the last four years to now include 54 member agencies in Georgia and …
Florida’s Office of Insurance Regulation has approved the take out of another 153,000 policies from Citizens Property Insurance Corp., the state’s price-controlled residual insurer. Almost half of the takeouts were approved for Slide Insurance, which has grown rapidly in the …
The judge overseeing the Catholic Diocese of Rockville Centre bankruptcy has denied a request by the committee representing sexual abuse claimants for permission to sue the church’s insurers, calling the filing a “hopeless” exercise. The committee is protesting that the …
Smoke from a burning field apparently caused a crash involving over a dozen vehicles, killing at least two people and closing Highway 67 in both directions, Arkansas State Police said. Troopers at the site of the pileup said there were …
Potomac Electric Power Co. (Pepco) will pay more than $57 million to resolve allegations that it discharged toxic chemicals into the District of Columbia’s land and waterways for decades, resulting in the persistent toxic pollution of the Anacostia River, the …
Extreme heat is usually associated with drought and wildfires. But across five continents this year, it’s also unleashed a different kind of disaster: deadly flooding. Cities around the world have seen record rainfall 139 times in 2023. A rare hurricane-like …
