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Toxic Waste Bound for Thailand on Maersk, MSC Cargo Vessels to Return to Europe

Insurance Journal

Shipping containers bound for Thailand allegedly filled with tons of hazardous industrial waste from Albania are now slated to return to Europe, after environmental groups sounded the alarm they were being illegally exported to Southeast Asia. An A.P...

Posted: Aug 16, 2024

Ernesto Becomes Category 2 Hurricane as It Heads to Bermuda

Insurance Journal

Ernesto strengthened into a Category 2 hurricane as it plowed northward toward Bermuda, threatening to drench the British territory with heavy rain and unleash flash floods. The storm was 410 miles (660 kilometers) south-southwest of Bermuda accordin...

Posted: Aug 16, 2024

Arch MI secures over $203m of indemnity reinsurance through Bellemeade Re

Reinsurance News

Arch Mortgage Insurance Company (Arch MI) has obtained over $203 million of indemnity reinsurance on a pool representing approximately $30.5 billion of mortgages from Bellemeade Re 2024-1 Ltd., its Bermuda special purpose reinsurer. This transacti...

Posted: Aug 16, 2024

Why Is Mpox an Emergency Again, and How Worried Should I Be?

Insurance Journal

The World Health Organization has declared that an outbreak of mpox, a viral infection that spreads through close contact, represents a global health emergency for the second time in two years. Here’s what that means. WHAT IS A GLOBAL HEALTH &#...

Posted: Aug 16, 2024

DUAL welcomes Scott Noerr as Chief Information Officer

Reinsurance News

DUAL, the specialist underwriting arm of Howden Group Holdings, has announced the appointment of Scott Noerr as Chief Information Officer (CIO) to drive the company’s technology initiatives. In his new role, Noerr will primarily focus on driving i...

Posted: Aug 16, 2024

Mutating Mpox Virus Poses Challenges to Containment Efforts

Insurance Journal

Changes in the mpox virus are just the latest challenge facing disease trackers trying to contain an outbreak of the virus that’s become a global health emergency. The surge of cases is centered in the Democratic Republic of Congo, a …

Posted: Aug 16, 2024

ICA and PIA urge Australia to reform land use for natural hazard protection

Reinsurance News

The Insurance Council of Australia (ICA) and the Planning Institute of Australia (PIA), representing the insurance sector and urban planning professionals respectively, are calling on governments at all levels to address growing housing challenges...

Posted: Aug 16, 2024

Client Mix-up Leads to Lawsuits, Bar Complaint Against Mississippi Comp Lawyer

Insurance Journal

What’s in a name? Thousands of dollars, a lost job, denied insurance coverage and the possibility of a suspended law license for a Mississippi workers’ compensation attorney, apparently. It all has to do with injured workers – both named...

Posted: Aug 16, 2024

Ricard named APAC Head of Insurance and Asset Management at Oliver Wyman

Reinsurance News

Oliver Wyman, a global management consulting firm and a business of Marsh McLennan, has announced the appointment of Paul Ricard as the new Asia-Pacific (APAC) Head of Insurance and Asset Management, effective immediately. In his new role, Ricard...

Posted: Aug 16, 2024

Second US Judge Blocks FTC Ban on Worker ‘Noncompete’ Agreements

Insurance Journal

A federal judge in Florida has temporarily blocked a U.S. Federal Trade Commission rule that would ban agreements commonly signed by workers not to join their employers’ rivals or launch competing businesses, becoming the second judge to rule t...

Posted: Aug 16, 2024

Chevron to Pay $550 Million Settlement to Richmond, California

Insurance Journal

Chevron Corp. is to pay Richmond City Council $550 million over 10 years, the city said in a statement, in a settlement that saw it drop a proposed ballot on a new tax on the oil major’s Richmond refinery. Richmond …

Posted: Aug 16, 2024

All-Star Hamby Sues WNBA, Aces Alleging Discrimination, Retaliation for Being Pregnant

Insurance Journal

All-Star Dearica Hamby sued the Women’s National Basketball Association (WNBA) and her former team in federal court Monday regarding her treatment from the Las Vegas Aces while pregnant. Hamby’s lawsuit alleged the Aces discriminated and...

Posted: Aug 16, 2024

Trucking Firm Owner Pleads Guilty to Charges Related to Crash That Killed 7 Bikers

Insurance Journal

An owner of a now defunct trucking company agreed to plead guilty on Tuesday to federal charges related to a deadly crash in New Hampshire that killed seven motorcyclists. Dunyadar Gasanov, 39, pled guilty in Springfield, Massachusetts to three count...

Posted: Aug 16, 2024

Auto Insurance Shopping Elevated As Loss Costs Potentially Moderate

Insurance Journal

As industrywide auto insurance loss costs appear to be moderating, consumers continue to shop policies at elevated rates, according to the latest quarterly Insurance Personal Lines and Perspectives report from TransUnion. The American consumer credit...

Posted: Aug 16, 2024

Roofing Materials Supplier to Oregon Jobsite Fined $92K for Repeated Fall Hazard Exposure

Insurance Journal

The Oregon Occupational Safety and Health Division fined a building materials supplier $92,226 for repeatedly failing to protect workers from potential fall hazards. The citation issued to ABC Supply Co. Inc. followed an inspection of a jobsite in Sa...

Posted: Aug 16, 2024

Maine Regulators Reject Letting Utility Report Suspect Marijuana Growers to Police

Insurance Journal

Maine utility regulators unanimously rejected on Tuesday an electric utility’s proposal to proactively report high consumption that signals a marijuana growing operation to law enforcement officials in an attempt to aid police crackdown on illi...

Posted: Aug 16, 2024

Construction Defects Are Not Covered Property Damage in Commercial Liability Policy

Insurance Journal

A home builder is not covered under the property damage coverage in its commercial liability policy for construction defects for which it was responsible. A three-judge panel of the Massachusetts Appeals Court has held for the first time that “...

Posted: Aug 16, 2024

Workers’ Compensation PBMs: What They Do and What to Look For

Risk & Insurance

Pharmacy benefit managers (PBMs) play a crucial role beyond price negotiations, focusing on clinical management, network strategies, and service. Effective PBMs manage costs, enhance care, and ensure transparency and security, addressing unique wo...

Posted: Aug 15, 2024

Should a Disclaimer Be Added to an AOR Letter?

IA Magazine

An agency is considering adding language in its agent of record (AOR) letter advising that the agency is not responsible for any deficiencies that exist in the coverage until it has a reasonable chance to review the coverages.

Posted: Aug 15, 2024

As the Talent Crisis Looms, Insurers Must Modernize Recruitment

IIR

Technology can help attract and retain top talent, and as the organization gains a reputation for innovation, it will become more attractive to future candidates.

Posted: Aug 15, 2024

The Latest Launches from LexisNexis, Enlyte, Qover

Carrier Management

The Latest Launches from LexisNexis, Enlyte, Qover LexisNexis Risk Solutions,...

Posted: Aug 15, 2024

The Hanover enhances workers’ compensation claim services

coverager

The enhanced workers' compensation claims program leverages data and predictive analytics to help better understand the person as a whole and how The Hanover can best support recovery.

Posted: Aug 15, 2024

Rivian partners with Progressive

coverager

Landmark Admin is featured in our upcoming report on life and annuity MGAs.

Posted: Aug 15, 2024

Fewer High Tide Days Predicted Through April 2025

Carrier Management

Fewer High Tide Days Predicted Through April 2025 After record-breaki...

Posted: Aug 15, 2024

California Allows Chinese Robotaxi Firm WeRide to Test With Passengers

Carrier Management

California Allows Chinese Robotaxi Firm WeRide to Test With Passengers China-based autonomous dr...

Posted: Aug 15, 2024

Marsh launches solution for global CO2 transport and storage projects

coverager

Coverage is underwritten by Canopius.

Posted: Aug 15, 2024

QuickFacts raises $2 million

coverager

The startup currently has 100 brokerage clients and 2,500 users.

Posted: Aug 15, 2024

Ruling Bars Insurers From Pursuing Defendants in $4B Maui Wildfire Settlement

Carrier Management

Ruling Bars Insurers From Pursuing Defendants in $4B Maui Wildfire Settlement A Maui judge's ruling Tue...

Posted: Aug 15, 2024

Bermuda grants license to Meanwhile

coverager

This approval concludes an 18-month process.

Posted: Aug 15, 2024

Report: Battery EV Collision Claims Continue to Rise Despite Sales Slowdown

Carrier Management

Report: Battery EV Collision Claims Continu...

Posted: Aug 15, 2024

cyan and wefox Austria launch new cyber offering

coverager

The new offering will become available in early September. 

Posted: Aug 15, 2024

Best Agencies to Work For: Submit Now.

Insurance Journal

Is your agency a Best Place to Work? Then it’s time to nominate your agency for Insurance Journal’s “Best Agency to Work For” award. To nominate your agency, you must be a current employee of the agency you are nominating. &#8...

Posted: Aug 15, 2024

Chicago Contractor Faces $268K Penalty for Exposing Workers to Deadly Fall Hazards

Insurance Journal

A federal workplace safety investigation has found that a metro-Chicago carpentry contractor with a long history of exposing employees to potentially deadly hazards again ignored regulations to protect workers from falls. For the seventh time since 2...

Posted: Aug 15, 2024