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California Workers’ Comp Board OKs Higher Pure Premium Rate Filing
The Workers’ Compensation Insurance Rating Bureau of California’s governing committee on Wednesday voted to authorize the WCIRB to submit a September 1, 2025 Pure premium rate filing on average 11.2% percent above the average approved September 1, 2024 advisory pure …
POSTED APRIL 21, 2025 8:41 PM |
Global Natural Disasters Cost Insurers $53B in Q1, With Economic Losses of $83B: Aon
Global natural catastrophes had an insured price tag of more than $53 billion during the first quarter of 2025 – claims driven by California’s wildfires of approximately $38 billion, or 71% of total insured losses across the globe, according to …
POSTED APRIL 21, 2025 4:44 PM |
AM Best Downgrades Credit Ratings of Texas’ PrimeOne Insurance Group
AM Best has downgraded the Financial Strength Rating to B- (Fair) from B+ (Good) and the Long-Term Issuer Credit Rating to “bb-” (Fair) from “bbb-” (Good) of PrimeOne Insurance Company in Dallas, Texas, a wholly own subsidiary of PrimeOne Insurance …
POSTED APRIL 21, 2025 4:40 PM |
ALKEME Acquires Michigan’s Crawford Insurance Group
ALKEME has announced its acquisition of Crawford Insurance Group (CIG), a highly regarded personal and commercial insurance agency headquartered in Rochester Hills, Michigan. Founded in 2001, CIG serves clients across a wide range of personal and commercial insurance, both individual …
POSTED APRIL 21, 2025 4:28 PM |
Capital Farm Credit Acquires Two Texas Agencies
The Board of Directors for Capital Farm Credit recently supported the purchase of two crop insurance agencies in the Texas Plains Region in an acquisition agreement aimed at serving as a long-term provider of critical crop insurance policies. Bennett Crop …
POSTED APRIL 21, 2025 4:24 PM |
Microsoft Security Vulnerabilities Set Record High in 2024: BeyondTrust
Microsoft reported a record-breaking 1,360 vulnerabilities in its products last year, an all-time high and an 11% increase over the previous record of 1,292 in 2022, according to new report from cybersecurity firm BeyondTrust. Microsoft Office vulnerabilities in particular nearly …
POSTED APRIL 21, 2025 3:24 PM |
Crime Syndicates in Southeast Asia Go Global, Defying Crackdowns
Cyber crime syndicates that run multi-billion-dollar scam operations across Southeast Asia are still expanding despite recent law enforcement crackdowns, building links from Ireland to Mexico and reaching a potentially irreversible global spillover, the United Nations warned. The transnational criminal networks …
POSTED APRIL 21, 2025 3:08 PM |
Kentucky Auditor Announces Investigation of State’s Medical Cannabis Program
FRANKFORT, Ky. (AP) — Kentucky’s auditor said Thursday that her office will investigate the state’s medical cannabis program after receiving complaints about the lottery system used to award highly sought-after licenses to grow, process and sell the medicinal products to …
POSTED APRIL 21, 2025 2:36 PM |
Questions About How a Deputy’s Stepson Became the Accused Gunman at FSU Shooting
TALLAHASSEE, Fla. (AP) — Amid the abandoned chemistry notes and other debris left behind after a deadly shooting at Florida State University are lingering questions about how the stepson of a beloved sheriff’s deputy tasked with school safety at a …
POSTED APRIL 21, 2025 2:30 PM |
Business Moves: Applied Underwriters Completes Spin-Off of United Risk
Applied Underwriters has spun-off United Risk as an independent, stand-alone operating company. United Risk, which was announced in November 2023, is a global property/casualty underwriting platform comprised of 28 different managing general agent (MGA) and underwriter (MGU) specialized insurance programs. …
POSTED APRIL 21, 2025 1:49 PM |
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