September 25, 2021

Fri, 24 Sep 2021 22:00:26 +0000
The number of independent medical reviews used to resolve California workers’ comp medical disputes hit a record low in the first half of 2021 as statewide unemployment remained stubbornly high, non-COVID job injury claims stayed below pre-pandemic lev...
Fri, 24 Sep 2021 21:23:27 +0000
Thousands of people were under evacuation orders Friday and many others were on notice to be ready to flee as a destructive wildfire raged in a drought-stricken forest in California’s far north. A woman suspected of starting the Fawn Fire …
Fri, 24 Sep 2021 20:41:42 +0000
California Insurance Commissioner Ricardo Lara on Friday ordered the FAIR Plan to offer a homeowners policy, in addition to its current dwelling fire coverage, with more traditional homeowner features, such as coverage for water damage, theft, and loss...
Fri, 24 Sep 2021 16:38:23 +0000
A Dallas-based trucking company violated federal law when it refused to hire applicant after learning he had taken medical leave at a previous job, according to a lawsuit filed by federal employment officials. Stevens Transport Inc., a refrigerated tra...
Fri, 24 Sep 2021 16:31:56 +0000
The South Dakota Supreme Court, in an opinion released Sept. 23, agreed with a lower court ruling that two people on a motorcycle who were severely injured in a crash with a volunteer firefighting trainee cannot collect damages from the …
Fri, 24 Sep 2021 16:23:24 +0000
A federal judge dismissed some of the biggest unsettled lawsuits over Ohio State’s failure to stop decades-old sexual abuse by now-deceased team doctor Richard Strauss, saying it’s indisputable Strauss abused hundreds of young men but agreeing with OSU...
Fri, 24 Sep 2021 16:10:36 +0000
Louisiana’s oyster farmers, crabbers, shrimpers and anglers are nothing if not adaptable, producing millions of pounds of seafood annually, often in water that was dry land a generation ago. They’ve fought off a devastating oil spill, floods, changing ...
Fri, 24 Sep 2021 15:57:36 +0000
A recently released report from the state’s insurance department shows more claims and higher average claim costs resulting from the severe and prolonged winter storm that enveloped Texas in mid-February than were previously reported. In the report rel...
Fri, 24 Sep 2021 15:40:47 +0000
A federal judge in Kansas City has cleared a restaurant group’s COVID-related business interruption claim for jury trial, finding that an 8th Circuit Court decision that found no coverage was owed in a separate case does not apply to a …
Fri, 24 Sep 2021 14:31:34 +0000
The National Transportation Safety Board released its preliminary report on last month’s gas line explosion in Coolidge, Ariz., that destroyed a home and killed a man and his 14-year-old daughter. NTSB investigators said a natural gas pipeline ruptured...
Fri, 24 Sep 2021 14:29:10 +0000
Federal lawmakers introduced legislation this week that would change 19th century maritime liability rules in response to the 2019 boat fire off the coast of Southern California that killed 34 people. The bill would update the Limitation of Liability A...
Fri, 24 Sep 2021 14:27:36 +0000
A former insurance broker is going to prison for defrauding insurance companies and individual investors out of more than $1 million. U.S. Attorney James P. Kennedy, Jr. announced that Brian Bartz of Rochester, New York, who was convicted of wire …
Fri, 24 Sep 2021 14:26:11 +0000
The U.S. government released projections Wednesday that indicate an even more troubling outlook for a river that serves 40 million people in the American West. The Bureau of Reclamation recently declared the first-ever shortage on the Colorado River, w...
Fri, 24 Sep 2021 14:14:21 +0000
Bolton Street Programs, a new Woodbury, New York-based program administrator that creates and administers affinity programs, is working to integrate insurtech, resinsurance, E&S options and loss control throughout its suite of programs. The announcemen...
Fri, 24 Sep 2021 13:53:28 +0000
After being pummeled by two tropical storms that submerged basements, cracked home foundations and destroyed belongings, Northeastern U.S. residents still in the throes of recovery are being hit with another unexpected blow: Thousands of families are n...
Fri, 24 Sep 2021 13:19:48 +0000
Insurance company FWD Group Holdings Ltd., owned by Hong Kong billionaire Richard Li, made its filing for a stock market listing in the United States public on Thursday, revealing a jump in revenue last year. The insurer, which will list …
Fri, 24 Sep 2021 13:11:09 +0000
The head of the U.S. cybersecurity enforcement agency “is a huge supporter” of bipartisan legislation to mandate that operators of critical infrastructure report data breaches to the government. Jen Easterly, director of the Cybersecurity and Infrastru...
Fri, 24 Sep 2021 12:55:05 +0000
Two storms that raged across Alberta and Saskatchewan in Canada in July and August caused C$120 million (US$94.5 million) in insured damage, while the August wildfire, in White Rock Lake, British Columbia, is now estimated to have caused damages of …
Fri, 24 Sep 2021 12:50:26 +0000
Northwestern University has received the largest gift in its history, $480 million, from Patrick G. Ryan, founder and former long-time CEO of Aon Corp, and now chair of Ryan Specialty Group, and his wife, Shirley W. Ryan, co-founder and long-time …
Fri, 24 Sep 2021 12:25:11 +0000
Deanne Criswell, the first woman to lead the Federal Emergency Management Agency, in April took over a 20,000-person operation exhausted by managing responses to disasters linked to global warming: wildfires and the 2020 hurricane season, the most acti...
Fri, 24 Sep 2021 12:13:30 +0000
JPMorgan Chase & Co. agreed to pay $15.7 million in cash to settle a class action lawsuit by investors who accused the largest U.S. bank of intentionally manipulating prices of U.S. Treasury futures and options. The settlement disclosed late Wednesday …
Fri, 24 Sep 2021 11:56:19 +0000
California Governor Gavin Newsom on Wednesday signed a bill that limits warehouse employers like Inc. from setting productivity quotas, the first legislation of its kind in the United States. The new provisions require all companies using wa...
Fri, 24 Sep 2021 11:14:14 +0000
JBA Risk Management Ltd. announced its collaboration with Reinsurance Solutions Intermediary Services (RSIS), an African-based reinsurance broker that will use the JBA global flood modeling capability to provide flood risk analytics and catastrophe mod...
Fri, 24 Sep 2021 10:40:13 +0000
SHANGHAI/BEIJING – As fears of contagion from any default by China Evergrande Group mounted this month, some Chinese banks, insurers, and shadow banks stopped offering new credit to property developers, and ran urgent checks on their exposure to the ...
Fri, 24 Sep 2021 09:49:00 +0000
Italy’s Mediobanca SpA strengthened its grip over insurer Assicurazioni Generali SpA, boosting its stake to more than 17% just days before a board meeting that could decide the future of embattled Chief Executive Officer Philippe Donnet. The investment...
Fri, 24 Sep 2021 09:29:50 +0000
European energy firms Centrica and Galp, food group Nestle and watchmaker Swatch are among 50 companies worldwide that are highly exposed to physical climate risks, investors with $10 trillion in assets said on Thursday. The companies, which are involv...
Fri, 24 Sep 2021 08:50:26 +0000
This edition of International People Moves details appointments at UK insurer Aviva, broker Price Forbes Bermuda and the London Market Group. A summary of these new hires follows. Aviva Strengthens Exec Committee with Chief Risk Officer Montague and CI...
Fri, 24 Sep 2021 07:55:03 +0000
Reinsurers’ estimates of their exposure to natural catastrophe risk could be underestimated by 33%-50%, according to a report published by S&P Global Ratings. “Unmodeled risks and the inherent difficulties in attributing extreme events to climate chang...
Fri, 24 Sep 2021 06:30:53 +0000
A man who was punched and kicked in the head by Georgia police officers during a traffic stop four years ago has filed a lawsuit alleging the stop was unjustified and the officers used excessive force against him. Gwinnett County …
Fri, 24 Sep 2021 06:00:43 +0000
A top Southern Baptist Convention committee agreed to fund a third-party investigation into its handling of sexual abuse allegations but held off on waiving its attorney-client privilege for the probe, delaying for the future a decision seen as a key …

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