Business Insurance
Police departments are updating policies and procedures and addressing issues such as high-speed chases and body camera policies, which should improve their risk profiles, experts say.
Posted: Jun 01, 2022
A push to make staph infections a compensable, occupational illness is underway, with Illinois lawmakers passing legislation in 2021 and New York considering similar measures this year.
Posted: Jun 01, 2022
Work life and what shape it takes as we move beyond the pandemic continues to evolve.
Posted: Jun 01, 2022
Public entity risk managers are having as hard a time as any insurance buyers as they prepare for renewals.
Posted: Jun 01, 2022
Two years after the murder of George Floyd by a police officer and the nationwide turmoil the killing sparked, the law enforcement liability insurance market, which was already hardening, remains challenged, and many experts say it is unlikely to dra...
Posted: Jun 01, 2022
Considerable attention was paid to a 2020 Colorado law that removes police officers’ qualified immunity, but it has gained little traction elsewhere.
Posted: Jun 01, 2022
Public entity risk managers continue to face difficult liability renewals as insurers increase rates, curb capacity and restrict coverage.
Posted: Jun 01, 2022
The commercial property insurance market remains challenging for public entities.
Posted: Jun 01, 2022
As more states legalize medical and recreational cannabis, risk management professionals in municipal and educational settings face numerous new issues but have been provided with little guidance on how to address them.
Posted: Jun 01, 2022
Testing for marijuana impairment is one of the bigger challenges brought on by state decriminalization of adult cannabis use.
Posted: Jun 01, 2022
2022 Atlantic Hurricane Season Outlook
Posted: Jun 01, 2022
Looking for a stable job? Ever considered the insurance industry? If you moved to the beach during the pandemic and the idea of commuting to the office five days a week doesn’t appeal, a job in insurance may be the answer.
Posted: May 31, 2022
Acrisure said Tuesday it has raised $725 million in a fresh funding round led by a wholly owned subsidiary of the Abu Dhabi Investment Authority, valuing the insurance brokerage at $23 billion.
Posted: May 31, 2022
Heavy rains struck north-eastern Brazilian state of Pernambuco last week, triggering deadly floods and landslides on May 27 that caused heavy damage in Pernambuco’s Recife city and claimed the lives of over 90 people.
Posted: May 31, 2022
Russia could soon be passing a new law under which local businesses of all the Western companies – exiting Russia amid the war in Ukraine – could be seized by the country.
Posted: May 31, 2022
South Korea-based Samsung Electronics Co. Ltd. plans to cut its annual production of smartphones by 30 million units to 280 million units this year due to the supply chain disruptions and parts shortage triggered by the COVID-19 pandemic and Ukraine...
Posted: May 31, 2022
Russian energy company Gazprom PJSC has decided to suspend gas supplies to Netherlands-based GasTerra BV effective May 31, after the latter declined to pay for gas in Russian rubles.
Posted: May 31, 2022
Travis Wendt, head of placement at Australia-based Honan Insurance Group Pty Ltd., said that inflationary pressure is likely to prolong insurance rate increases through the first half of 2023 in Australia, with high-risk clients likely to see steep r...
Posted: May 31, 2022
State-owned reinsurer General Insurance Corporation of India’s gross written premiums increased almost 17% year-on-year to 103 billion Indian rupees ($1.3 billion) in the first quarter of the year.
Posted: May 31, 2022
Insurance industry sources said that insurance premiums for specialty insurance lines such as marine and aviation are doubling due to the war in Ukraine.
Posted: May 31, 2022
Former Aon PLC executive Zach Breslin has joined Lockton Re as leader of capital markets, a newly created position, the reinsurance unit of broker Lockton Cos. LLC said Tuesday.
Posted: May 31, 2022
Insurance premiums are doubling or more for some aviation and marine business particularly exposed to the war in Ukraine, increasing costs for airline and shipping companies, industry sources say.
Posted: May 31, 2022
California lawmakers last week passed most 2022 legislative session workers compensation bills ahead of Friday’s deadline to move bills out of the chamber in which they were introduced.
Posted: May 31, 2022
Four affiliated meat processing facilities that were investigated for alleged COVID-19 safety failures will have to create an infectious disease preparedness plan and pay a $14,502 fine, the U.S. Occupational Safety and Health Administration announce...
Posted: May 31, 2022
Thailand-based intergovernmental firm Asian Reinsurance Corp.’s gross accounted premium increased 15% year-on-year to $23.5 million in 2021, driven by the strategic initiatives undertaken by the reinsurer over past years.
Posted: May 31, 2022