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Los Angeles County Sues PepsiCo and Coca-Cola Over Plastic Pollution

Insurance Journal

Los Angeles County has sued beverage makers PepsiCo and Coca-Cola, accusing them of polluting the most populous U.S. county with plastic bottles and misleading the public about the environmental impact and recyclability of their containers. The count...

Posted: Nov 01, 2024

Washington Farm Labor Contractor Facing $140K in Fines for Withholding Info From Workers

Insurance Journal

A Pasco farm labor contractor faces nearly $140,000 in fines for violations uncovered during a Washington State Department of Labor & Industries investigation that include withholding information from worker. According to the L&I, there are m...

Posted: Nov 01, 2024

Washington Farm Labor Contractor Fined $140K for Withholding Info From Workers

Insurance Journal

A Pasco farm labor contractor faces nearly $140,000 in fines for violations uncovered during a Washington State Department of Labor & Industries investigation that include withholding information from worker. According to the L&I, there are m...

Posted: Nov 01, 2024

A Contingent Business Interruption Debacle

Risk & Insurance

In this fictional scenario, business owners suffer when they lack the appropriate coverage. The post A Contingent Business Interruption Debacle appeared first on

Posted: Oct 31, 2024

BPP vs. PPO: Contractor Storing Materials Purchased by Client

IA Magazine

If a contractor receives payment before delivering the materials to the final installation point, are the materials still business personal property or have they become the personal property of others?

Posted: Oct 31, 2024

Shift Technology Announces New Availability of Solutions in Microsoft Azure Marketplace

IIR

Microsoft Azure customers worldwide can now access to Shift Subrogation Detection, Underwriting Risk Detection, and Improper Payment Detection.

Posted: Oct 31, 2024

OWIT Global Advances AI Innovation within Insurance Data Management Solution

IIR

As part of the second phase of its AI product strategy investment, the vendor will use AI to drive further support of bordereaux and any data transformation.

Posted: Oct 31, 2024

FRISS Expands U.S. Market Presence: Jeroen Morrenhof, CEO, FRISS

IIR

The provider of AI-driven solutions to detect fraud and automate mechanisms of trust for the insurance industry, discusses a key hire and a strategic partnership with a major industry vendor.

Posted: Oct 31, 2024

FRISS Expands U.S. Market Presence: CEO Jeroen Morrenhof

IIR

The provider of AI-driven solutions to detect fraud and automate mechanisms of trust for the insurance industry, discusses a key hire and a strategic partnership with a major industry vendor.

Posted: Oct 31, 2024

Climate Change Reshapes Insurance Industry’s Approach to Risk

IIR

Insurers and InsurTechs Collaborate on innovative solutions in response to more extreme weather events.

Posted: Oct 31, 2024

EIS and AbsenceSoft Partner to Streamline Disability and Absence Management

IIR

The new partnership demonstrates the importance of integrating core systems and solutions focused on user experience for business functions such as Human Resources, though bringinging an integrated SaaS solution to the Group Benefits market.

Posted: Oct 31, 2024

Agency Nation Meets: Jason Gobbel

IA Magazine

As the chief solutions officer of Kite Technology Group, Jason Gobbel is an expert at one thing: helping small to midsized businesses take advantage of technology.

Posted: Oct 31, 2024

Tech Bytes: New Partnerships at bolt, Ascend

Carrier Management

Tech Bytes: New Partnerships at bolt, Ascend InsurTech bolt...

Posted: Oct 31, 2024

Delos Insurance Solutions Raises $9M in Series A Funding Round

Carrier Management

Delos Insurance Solutions Raises $9M in Series A Funding Round...

Posted: Oct 31, 2024

Unlocking Competitive Advantage: Why P&C Insurance Should Not Delay Getting Laser-Precise in Their U...

Insurance Thought Leadership

Unlocking Competitive Advantage: Why P&C Insurance Should Not Delay Getting Laser-Precise in Their Understanding of Risk From Our...

Posted: Oct 31, 2024

The Five Things Agencies Must Do Before the Hard Market Ends

Insurance Thought Leadership

The Five Things Agencies Must Do Before the Hard Market Ends Agent & Broker sradomski

Posted: Oct 31, 2024

Despite Recent Backlash, Nearly 60% of U.S. Workers Support Current DEI Policies

Carrier Management

Despite Recent Backlash, Nearly 60% of U.S. Workers Support Current DEI Policies While recent e...

Posted: Oct 31, 2024

85M Electric Vehicles on the Road by End of 2025: Gartner

Carrier Management

85M Electric Vehicles on the Road by End of 2025: Gartner By the end of 2025, 85 million electric vehicles (EVs) - c...

Posted: Oct 31, 2024

Companies Boost Social and Climate Reporting Amid ESG Backlash

Carrier Management

Companies Boost Social and Climate Reporting Amid ESG Backlash Many U.S. com...

Posted: Oct 31, 2024

Companies Are Dropping the D or E From DEI to Avoid Criticism

Carrier Management

Companies Are Dropping the D or E From DEI to Avoid Criticism After a bac...

Posted: Oct 31, 2024

October Flash Drought Strikes Nearly Half of U.S.

Carrier Management

October Flash Drought Strikes Nearly Half of U.S. A bone-dry October is pushing nearly half of the Unit...

Posted: Oct 31, 2024

Cyber insurance and natural disasters fuel growth in Asia-Pacific’s insurance sector: Gallagher Re

Reinsurance News

With the Asia-Pacific region’s contribution to global GDP increasing, it is positioned to play a vital role in driving growth within the global insurance industry, according to the latest APAC Market Report from Gallagher Re, a reinsurance broker....

Posted: Oct 31, 2024

Landmark Admin Reports Data Breach, Exposing 800,000 Users’ Information

Insurance Journal

Landmark Admin filed a notice of data breach last week after detecting suspicious activities on its system in May. Landmark is a Texas-based company that provides third-party administrative solutions for life insurance carriers, Approximately 800,000...

Posted: Oct 31, 2024

Oman Re sees 9M’24 reinsurance revenue climb 17% despite recurrent nat cat events

Reinsurance News

Oman Re, the Sultanate of Oman’s sole reinsurer, has reported reinsurance revenue of OMR 37.4 million ($97.2 million) in the first nine months of 2024, up 17% compared to the same period of 2023. Meanwhile, Oman Re’s net profit after tax sto...

Posted: Oct 31, 2024

Texas Pharmacy Owner Sentenced in $41M Health Insurance Fraud

Insurance Journal

A Dallas pharmacy owner who routinely billed insurance companies for headache sprays, pain creams, and scar creams never dispersed to patients was sentenced last week to 10 years in federal prison, announced U.S. Attorney for the Northern District of...

Posted: Oct 31, 2024

Louisiana DuPont Plant Fined $480K for Releasing Cancer-Causing Chemical

Insurance Journal

RESERVE, La. (AP) — A chemical manufacturing plant west of New Orleans has agreed to pay a $480,000 federal fine and install equipment to stop the release of a cancer-causing chemical from a storage tank and pipe. The consent agreement …

Posted: Oct 31, 2024

Former Principal of Missouri Boarding School Charged with Sex Crimes Involving Student

Insurance Journal

A former principal at a Christian boarding school in Missouri that closed in March amid abuse allegations has been charged with sex crimes involving a former student. Craig Wesley Smith Jr. was charged by the prosecutor in Wayne County in …

Posted: Oct 31, 2024

Saudi Re reports 351% increase in profits for the first nine months of 2024

Reinsurance News

Saudi Re has reported a net profit after zakat (a religious obligation for all Muslims who meet the necessary criteria of wealth) of SAR 475 million for the first nine months of 2024, representing an impressive 351% increase compared to the same p...

Posted: Oct 31, 2024

Clear Group Acquires UK Broker A-One Insurance Group

Insurance Journal

The Clear Group, the London-based independent insurance broker, announced the acquisition of A-One Insurance Group (A-One), a major commercial insurance broker in the south of England. Financial details of the transaction were not disclosed. Clear sa...

Posted: Oct 31, 2024

Missouri Jury Asked to Award More Than $6B in Preterm Formula Case

Insurance Journal

A lawyer for a Missouri mother on Wednesday asked a jury to make Abbott ABT.N and Reckitt’s RKT.L Mead Johnson pay a total of more than $6 billion in the latest trial over claims that the companies’ formulas for premature …

Posted: Oct 31, 2024

Global Business Leaders Identify Top Concerns, Assess Preparedness

Risk & Insurance

Global business leaders face intensifying risks, with employment risks, reputation risks and regulations among top concerns, a Beazley survey reveals. The post

Posted: Oct 31, 2024

Kemper sees net income growth in Q3’24 with improved underlying CoR in P&C

Reinsurance News

Kemper Corporation has announced its financial results for the third quarter of 2023, reporting a net income of $73.7 million compared to a net loss of $146.3 million seen in the same period last year. Kemper’s total revenues for Q3 2024 decreased...

Posted: Oct 31, 2024

Federal Court Upholds New York’s Ban on Guns in Sensitive Places

Insurance Journal

A recent Supreme Court decision doesn’t mean New York can’t enforce laws banning firearms from “sensitive” places such as public transportation, hospitals and schools, a federal appeals court said last week, repeating findings...

Posted: Oct 31, 2024

MS Amlin appoints Paul Lucas as Chief Actuary

Reinsurance News

Lloyd’s global insurer and reinsurer MS Amlin has announced the appointment of Paul Lucas as Chief Actuary, effective at the end of Q1 2025. Based in London, Lucas will report to Jessie Burrows, Chief Financial Officer, as a member of the Fi...

Posted: Oct 31, 2024

Haunting Claims Inefficiencies? Discover How Agentic AI and LLMs Can Actually Transform the Claims P...

coverager

The true horror story in claims processing isn’t Halloween-themed; it’s the burden of repetitive tasks, backlogged file review, toggling between multiple systems, and endless file management.

Posted: Oct 31, 2024

Howden introduces Howden Safe+

coverager

Howden Safe+ is a cyber insurance solution aimed at clients with revenues between $250 million and $2 billion.

Posted: Oct 31, 2024

Lemonade ends Q3 with $68 million loss

coverager

Since 2023, Accelerant’s MGA members and internal teams have leveraged the digital platform.

Posted: Oct 31, 2024