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Canada Relaxes Some Mortgage Insurance Rules to Tackle Housing Crisis
Canadian Finance Minister Chrystia Freeland on Monday announced changes to some mortgage rules as part of an effort to make housing more affordable, a critical political issue that has hurt Prime Minister Justin Trudeau and his Liberal government. Freeland said …
POSTED SEPTEMBER 18, 2024 6:53 AM |
Africa Floods Affect 4 Million People, Deepen Food Crisis
Floods across 14 central and West African nations have affected at least 4 million people — rendering many of them homeless — killed about 1,000 and are devastating crops in a region that’s already short of food and plagued by …
POSTED SEPTEMBER 18, 2024 6:38 AM |
Insurers Say Dark Fleet Oil Tankers Pose a Major Claims Risk
Marine insurance markets face significant risk from the growth of a shadow fleet of ships hauling oil from sanctioned producers like Russian and Iran, an industry group said. The opaque nature of the ownership of those vessels makes it hard …
POSTED SEPTEMBER 18, 2024 6:08 AM |
Bump in Federal Trade Secret Litigation Seen in 2023: Report
Analytics from Lex Machina 2024 Trade Secret Litigation Report reveals a rise in trade secret cases filed in federal district court in 2023, along with the continued steady trend of trade secret cases that involved Defend Trade Secret Act (DTSA) …
POSTED SEPTEMBER 18, 2024 5:29 AM |
Viewpoint: How Insurance Industry Can Use AI Safely and Ethically
Executive Summary: Artificial intelligence (AI) is on the brink of transforming most aspects of business, including insurance, but it needs to be used responsibly, according to Zywave Chief Technology Officer Doug Marquis, who takes a look at the some of …
POSTED SEPTEMBER 18, 2024 5:15 AM |
Home Insurance Customers Staying Put Despite More Shopping Around: J.D. Power
Chubb, AIG, and Amica lead other insurers in J.D. Power’s assessment of customer satisfaction for home insurance, but the consumer intelligence company said more people are shopping around. The good news for insurers is that only 2.2% actually switched—and that’s …
POSTED SEPTEMBER 18, 2024 5:14 AM |
Maine Commission Considers Public Flood Insurance Option
State leaders tasked with reviewing Maine’s preparations and responses to climate change-fueled natural disasters are at a crossroads. While Maine has seen seven federal disaster declarations for severe storms and flooding in the past three years, statewide enrollment in federally-backed …
POSTED SEPTEMBER 18, 2024 5:00 AM |
HEMIC in Hawaii Issuing $5 Million Dividend to Policyholders
Hawaii Employers’ Mutual Insurance Company Inc. is giving policyholders the largest dividend in the workers’ compensation carrier’s history. The HEMIC board of directors recently announced a $5 million dividend to qualifying policyholders. The company credits HEMIC’s steady growth and policyholder …
POSTED SEPTEMBER 18, 2024 5:00 AM |
Construction Workers Recover $77K After Being Denied Prevailing Wage
A U.S. Department of Labor investigation has recovered $77,206 in back wages for five workers employed on a federally funded construction project after finding one subcontractor failed to pay prevailing wages and fringe benefits and another submitted falsified payroll records. …
POSTED SEPTEMBER 18, 2024 5:00 AM |
Washington Cabinet Shop Fined $187K for Safety Violations
A Ridgefield, Washington cabinet company has been cited for numerous safety violations including unguarded saw blades, spraying flammable glue next to ignition sources and not taking steps to lock down dangerous machinery. The Washington State Department of Labor & Industries …
POSTED SEPTEMBER 18, 2024 5:00 AM |
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