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Jury Hands $5.2B Verdict Against Vegas Company in Bottled Water Liver Damage Suit

Insurance Journal

A jury in Nevada has delivered a $5.2 billion award in the latest large-sum lawsuit against a former Las Vegas-based bottled water company that was found responsible for causing liver damage in customers before it was recalled from store shelves &#82...

Posted: Oct 28, 2024

Jury Awards Family $5.4M, Says Coach’s Actions Caused Son’s Suicide

Insurance Journal

The family of a teenager who died by suicide was awarded $5.4 million this week after a Rhode Island jury found his football coach and several school administrators were negligent in the way they responded before the 15-year-old’s death. Nathan...

Posted: Oct 28, 2024

Judge Approves US $102 Million Settlement Over Baltimore Bridge Collapse

Insurance Journal

A U.S. judge approved on Friday a $102 million settlement by the companies that owned and operated the ship that struck Baltimore’s Francis Scott Key Bridge in March, killing six people. The payment, approved by U.S. District Judge James Bredar...

Posted: Oct 28, 2024

Judge Approves $102 Million Settlement Over Baltimore Bridge Collapse

Insurance Journal

A U.S. judge approved on Friday a $102 million settlement by the companies that owned and operated the ship that struck Baltimore’s Francis Scott Key Bridge in March, killing six people. The payment, approved by U.S. District Judge James Bredar...

Posted: Oct 28, 2024

California Phlebotomy Lab and Owners to Pay $135K to Over Alleged False Claims for Blood Testing

Insurance Journal

A mobile phlebotomy lab and its owners have agreed to pay at least $135,000 to resolve False Claims Act allegations that they submitted false claims for services and associated travel mileage and paid kickbacks to a third-party marketer of the &#8230...

Posted: Oct 28, 2024

California Phlebotomy Lab and Owners to Pay $135K Over FCA Claims

Insurance Journal

A mobile phlebotomy lab and its owners have agreed to pay at least $135,000 to resolve False Claims Act allegations that they submitted false claims for services and associated travel mileage and paid kickbacks to a third-party marketer of the &#8230...

Posted: Oct 28, 2024

NTSB: Chicago Train Operator Had Alcohol in His System During 2023 Crash

Insurance Journal

CHICAGO (AP) — Federal investigators say the operator of a Chicago commuter train that crashed almost a year ago had alcohol in his system but it wasn’t a factor in the incident. The Chicago Transit Authority train crashed into a …

Posted: Oct 27, 2024

Revolutionizing Catastrophe Modeling with CoreLogic’s Navigate™: A Cloud-Based Approach

Insurance Journal

Take control of your risk management strategy In today’s rapidly changing risk management environment, efficiency isn’t just an advantage—it’s essential. Achieving this efficiency requires continuous efforts to streamline operations...

Posted: Oct 27, 2024

Whistleblowers: What Clients Need to Know About Evolving EPLI Coverage and Regulations

IA Magazine

Independent agents can ensure clients have the employment practices liability insurance (EPLI) coverage they need that can protect a business against claims by workers.

Posted: Oct 27, 2024

Layoffs Lead to Liability: Help Clients Reduce Their Exposure

IA Magazine

Agents have the opportunity to step in as trusted risk advisors to explain how layoffs can create new risks for employers when downsizing is unavoidable.

Posted: Oct 27, 2024

Is Cyber Insurance Ready for Future Tech Risks?

IA Magazine

What can the CrowdStrike outage teach us about the evolving role of cyber insurance and governance in an increasingly digital world? Learn how this event is reshaping industry standards.

Posted: Oct 27, 2024

How You and Your Clients Should Prepare for Cyberattacks

IA Magazine

With identity theft and data breaches continually on the rise, it’s crucial to have a data protection plan in place. Here are some ways you and your customers can prepare for the worst.

Posted: Oct 27, 2024

Dashcams for All

Insurance Thought Leadership

Dashcams for All PaulCarroll Fri,...

Posted: Oct 25, 2024

Met Cat Meets Nat CAT: Understanding Parametric Reputation Risk Insurance for Metaphorical Catastrop...

Risk & Insurance

Parametric insurance for natural catastrophes can teach us a lot about how parametric insurance for reputational risk works to our benefit. The post

Posted: Oct 25, 2024

Hurricane Intensity Forecasts Can Be Improved With Sea Spray Effects

Carrier Management

Hurricane Intensity Forecasts Can Be Improved With Sea Spray Effects New...

Posted: Oct 25, 2024

Economic, Social Inflation Influencing Drop in Auto Insurance Underwriting Profits: Triple-I/CAS

Carrier Management

Economic, Social Inflation Influencing Drop in Auto Insurance Underwriting Profits: Triple...

Posted: Oct 25, 2024

Slack Identifies 5 Workplace Personalities Related to AI Use in the Workplace

Carrier Management

Slack Identifies 5 Workplace Personalities Related to AI Use in the Workplace Artificial intelligence's...

Posted: Oct 25, 2024

Big I Illinois Announces Annual Awards

Insurance Journal

Big I Illinois, an association representing Trusted Choice® independent insurance agents throughout the state, presented awards to top agents and agencies during the association’s annual convention and 125th Anniversary Celebration held in Peor...

Posted: Oct 25, 2024

Mississippi River Dries Up Again at Worst Time for US Farmers

Insurance Journal

The Mississippi River is suffering from low waters for the third straight autumn, a crucial time of year when American farmers rely on the route to deliver their crops to the world. Months of limited rainfall — with few chances …

Posted: Oct 25, 2024

Texas Manufacturer Faces $257K Fine for Workers’ Injuries

Insurance Journal

Federal workplace safety investigators have determined that a Temple, Texas manufacturer and designer of school furnishings could have prevented an employee’s serious and permanent hand and arm injuries by installing required machine guards. In...

Posted: Oct 25, 2024

Texas Grid Chief Says Big Tech Must Pay More for Power Upgrades

Insurance Journal

Technology giants developing big artificial intelligence data centers in Texas will need to pay more for electricity infrastructure upgrades to prevent those costs from burdening households and other businesses, according to the state grid operator&#...

Posted: Oct 25, 2024

Workers’ Comp Sees Strong 2023 Results, Positive 2024 Outlook: NCCI

Risk & Insurance

NCCI's State of the Line Report shows workers' comp insurers are poised for another year of strong financial performance in 2024. The post

Posted: Oct 25, 2024

Fannie Mae’s $338.6m credit insurance risk transfer with 26 re/insurers

Reinsurance News

Fannie Mae, a government-sponsored enterprise (GSE), has announced that 26 re/insurers are supporting its seventh Credit Insurance Risk Transfer transaction of the year, CIRT 2024-L4, which effectively transferred $338.6 million in mortgage credit...

Posted: Oct 25, 2024

The reinsurance market is constructed to handle events like Helene & Milton, Aon’s Andersen

Reinsurance News

The reinsurance market is constructed to handle major events like hurricane’s Helene and Milton, according to Eric Andersen, President of global insurance and reinsurance brokerage, Aon. Hurricane Helene was the sixth named storm of the 2024...

Posted: Oct 25, 2024

Beazley report highlights employee risk as global executive’s biggest threat

Reinsurance News

In a time characterised by hybrid work arrangements, evolving workplace cultures, and heightened attention to misconduct, a significant portion of global executives, approximately 23%, identify employer risk as the most prominent threat they face...

Posted: Oct 25, 2024

Clear Group Acquires UK Broker Vision Insurance Services Ltd.

Insurance Journal

The Clear Group, the London-based independent insurance broker, announced it has acquired Vision Insurance Services Ltd, based in Bagshot, Surrey, UK. Financial details of the transaction were not disclosed. This latest acquisition strengthens Clear&...

Posted: Oct 25, 2024