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People Moves: Anderson Joins Safety National Cyber Team; Coalition Hires First CFO
Steven Anderson joins Safety National’s Cyber Insurance Team Steven Anderson has joined the Safety National cyber insurance team as Director of Cyber Underwriting. Anderson will be based out of the company’s Dallas office. With nearly 30 years of industry experience, …
POSTED AUGUST 08, 2022 4:09 PM |
Florida’s Ag Commissioner Wants Lower Retention for Cat Fund
Florida’s agriculture commissioner, a Democratic candidate for governor, is on board with what many in the insurance industry have been asking for: utilizing the state’s hurricane catastrophe fund to provide lower-cost reinsurance to more property insurers. Commissioner Nikki Fried, who …
POSTED AUGUST 08, 2022 3:56 PM |
FM Global Puts Aside $300 Million for Policyholders’ ‘Resilience Credit’
Policyholders of FM Global, which include one of every three Fortune 500 companies and similar size organizations worldwide, will collectively receive about $300 million in a first-of-its-kind ‘resilience credit,’ providing them with additional means to invest in climate resilience solutions. …
POSTED AUGUST 08, 2022 3:32 PM |
U.S. Imposes Sanctions on Virtual Currency Mixer Tornado Cash
The United States on Monday imposed sanctions on virtual currency mixer Tornado Cash, accusing it of helping hackers, including from North Korea, to launder proceeds from their cyber crimes. A senior Treasury Department official said Tornado Cash, one of the …
POSTED AUGUST 08, 2022 3:04 PM |
Experts: Southwest Florida to See Daily Tidal Floods by 2100
In the year 2100, Fort Myers, Florida will see only one day in which nuisance high tide flooding isn’t an issue. And Naples will be flooded by incoming tides every day, according to the latest tide predictions coming from the …
POSTED AUGUST 08, 2022 2:38 PM |
Oregon’s Wildfire Risk Map Emerges as Climate Flashpoint
A new map in Oregon that rated the wildfire risk of every tax lot in the state – labeling nearly 80,000 structures as high-risk – generated so much pushback from angry homeowners that officials abruptly retracted it, saying they had …
POSTED AUGUST 08, 2022 2:33 PM |
Fire Victims Seek $85M for Damages in Fire that Covered California and Nevada
People who lost their homes and property in last summer’s Tamarack Fire in northern Nevada and California have filed a claim against the U.S. Forest Service seeking more than $85 million. The filing by attorney Bill Jeanney of Reno on …
POSTED AUGUST 08, 2022 2:28 PM |
‘Community Lighthouses’ to be Powered by the Sun and Volunteers
Enthusiastic church volunteer Sonia St. Cyr lost something she treasures during the blackout caused by Hurricane Ida — her independence, afforded her by the electric wheelchair she expertly maneuvers over bumpy city sidewalks. “After Ida I was housebound,” said St. …
POSTED AUGUST 08, 2022 2:19 PM |
Phone Call With Insurer Does Not Void Insured’s Prior Rejection of Coverage
A motorcycle driver’s signed waiver of underinsured motorists coverage in 2004 was still in effect 15 years later when he was in a tragic crash despite a phone conversation he had in 2014 with a representative for his direct insurer …
POSTED AUGUST 08, 2022 2:05 PM |
Agency Partnerships: MarshBerry Platform, First Choice Agents Alliance Combine
The MarshBerry Platform announced it has merged with First Choice Agents Alliance (FCAA). The merger will position the combined firms as one of the insurance brokerage industry’s top agency partnerships. MarshBerry Platform and FCAA, each on their own, represent two …
POSTED AUGUST 08, 2022 2:01 PM |
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