APCIA Opposes Federal Natural Catastrophe Backstop Bill

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January 16, 2024

Federal solutions to a state-regulated industry should be carefully considered, as evidenced by the fact that federal taxpayers are currently at risk from $20.525 billion debt already owed by the National Flood Insurance Program, according to the APCIA.

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Cyber Events Top Global Business Risk for 2024: Allianz

Cyber incidents such as ransomware attacks, data breaches, and IT disruptions are the biggest worry for companies globally in 2024, according to the Allianz Risk Barometer.

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USI: Commercial Auto Liability Markets to Seek Rate Increases in 2024

USI predicted flat renewals to rate increases of 5% for accounts with good loss history and a range of 20% to 30% for more troubled accounts.

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U.S. House Votes to Repeal Labor Board Rule on Contract, Franchise Workers

The Republican-led U.S. House of Representatives on Friday voted to repeal a federal labor board rule set to take effect in February that would treat companies as the employers of many contract and franchise workers and require them to bargain with those workers’ unions.

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Morgan Stanley to Pay $249M to Settle U.S. Trading Fraud Charges

Morgan Stanley will pay $249 million to settle civil and criminal charges connected to stock trades where it disclosed key information that it promised to keep confidential, US authorities announced Friday.

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Quaker Oats Expands Product Recall for Salmonella Contamination Risk

Quaker Oats, the famous oatmeal maker owned by PepsiCo, has expanded a recall for certain granola bars and cereal products issued in December over a possible salmonella contamination risk.

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