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Missouri Counties Receive Federal Disaster Assistance After Severe Storms

by lpiccitto | Jun 12, 2025 | Uncategorized

The U.S. Small Business Administration (SBA) has announced a major disaster declaration for several counties in Missouri, including Bollinger, Butler, Cape Girardeau, Carter, and others, due to severe storms, straight-line winds, tornadoes, and flooding that occurred...

Most G-7 Members Ready to Lower Russian Oil Price Cap Without US

by lpiccitto | Jun 12, 2025 | Uncategorized

Most countries in the Group of Seven nations are prepared to go it alone and lower the G-7 price cap on Russian oil even if U.S. President Donald Trump decides to opt out, four sources familiar with the matter said. …

Repairing Evacuated Charleston Condo Building Could Top $150 Million

by lpiccitto | Jun 12, 2025 | Uncategorized

It could take $151 million to repair the Dockside condominium tower in Charleston, which was evacuated in February after an engineering assessment found major structural problems. The Post and Courier newspaper reported that the 19-story building – Charleston’s...

Markets/Coverages: MGA Optio Launches $150M Political Violence & Terrorism Cover

by lpiccitto | Jun 12, 2025 | Uncategorized

Optio Group, the London-based, independent specialty MGA, announced the launch of new political violence and terrorism (PVT) binders, backed by 100% Lloyd’s of London capacity. The new product provides a US$150 million limit, ensuring comprehensive protection against...

Oregon Wildfire Prompts Evacuations And Closes Interstate

by lpiccitto | Jun 12, 2025 | Uncategorized

A wildfire in Oregon prompted officials to issue evacuation orders for hundreds of homes and to close nearly 20 miles of an interstate in the Columbia River Gorge on Wednesday. Gov. Tina Kotek invoked the state’s Emergency Conflagration Act for …

UK Risk Managers Identify ‘Tech, AI and Cyber’ as Top Concern in AIRMIC Survey

by lpiccitto | Jun 12, 2025 | Uncategorized

UK risk managers identified five key themes that could affect their businesses, topped by “technology, AI and cyber,” according to AIRMIC, the British risk management group, which conducted a survey of its members. Nearly 90% of respondents pointed to tech,...
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