Insurance Journal

Aftermath of Charlotte Fire: Two Workers Could Not be Saved by Firefighters

Crews searching the rubble of a massive construction fire in North Carolina on Friday found the bodies of two people that firefighters couldn’t reach before the flames became too intense. Authorities didn’t identify the victims, but offic...

Posted: May 22, 2023

Victims of Deadly Oregon Highway Crash Were Farmworkers, Union Says

The victims of one of Oregon’s deadliest highway crashes were farmworkers traveling in a van at an hour when agricultural laborers typically commute home after toiling in the harvest, the state’s farmworkers union and Mexican officials sa...

Posted: May 22, 2023

Disney Cancels 2,000-job Expansion as Feud with Florida Governor Heats Up

The Walt Disney Co. announced Thursday that it was scrapping plans to build a new campus in central Florida and relocate 2,000 employees from Southern California to work in digital technology, finance and product development. The decision follows a y...

Posted: May 22, 2023

Sandy Hook Families Preparing to Sue Alex Jones’ Wife, Family to Clawback Payments

The families of Sandy Hook school shooting victims are preparing to sue Alex Jones’ wife and other family members to help satisfy $1.5 billion in judgments they won from lawsuits against the bankrupt right wing conspiracy theorist over his lies...

Posted: May 22, 2023

Exxon Says Guyana Insurance Dispute Could Cut Revenue $350M/Month

Exxon Mobil Corp on Friday said an ongoing dispute over oil-spill insurance in Guyana could halt production at its first offshore platform there, cutting revenue by about $350 million per month. A Guyanese court this month found Exxon in breach &#823...

Posted: May 22, 2023

Fruit Harvest Faces Ruin After Floods Hit Italy’s Emilia-Romagna

Deadly floods in northern Italy will ravage fruit production in what is normally one of the country’s most bountiful agricultural regions, farm lobby Coldiretti said on Monday. Floods killed 14 people last week in Emilia-Romagna as torrential r...

Posted: May 22, 2023

Meta Hit With Record $1.3B Fine Over Data Transfers

Meta was hit with a record 1.2 billion euro ($1.3 billion) fine by its lead European Union privacy regulator over its handling of user information and given five months to stop transferring users’ data to the United States. The fine, …

Posted: May 22, 2023

New Hampshire House Kills Bill to Make Schools Tell Parents About Transgender Kids

A bill that would have required school officials to disclose to inquiring parents that their child is using a different name or being referred to as being a different gender was defeated Thursday in the New Hampshire House. The bill …

Posted: May 22, 2023

IICF to Host 2023 Global Inclusion in Insurance Conference in NYC, June 13 – 15

Industry leaders, DEI and Sustainability experts will converge in NYC to discuss the future of work and more as the event continues to evolve from its early days as the IICF Women in Insurance Conference. LOS ANGELES – May 8, …

Posted: May 22, 2023

Fox’s Tubi Accused in Lawsuit of Paying Women Less Than Men

Fox Corp.’s streaming platform Tubi was accused in a gender-discrimination lawsuit of paying top female executives 28% less than their male counterparts and offering them fewer promotions. Sarah Ekstrom, Tubi’s former chief people officer...

Posted: May 22, 2023

Families of Gun Violence Victims Dig In for New Test of Gun Industry Protections

After Mayah Zamora was shot and wounded at Robb Elementary School, her family did what many mass shooting survivors do: They sued. They sued the store off Main Street in Uvalde, Texas, that sold the teenage gunman his AR-style rifle. …

Posted: May 22, 2023

Insurers Latest Target of U.S. AGs ESG Antitrust Concerns

Insurers and reinsurers who are members of the Net-Zero Insurance Alliance (NZIA), received a letter from 23 attorneys general raising potential legal concerns that might arise from their commitment to collaborate with other insurers to advance an &#...

Posted: May 22, 2023

As Lawyers Warned, Florida Courts Flooded with Suits Before Tort-Reform Bill Signed

Just as the plaintiffs’ law firm of Morgan & Morgan warned in April, the number of Florida lawsuits filed across the state has shattered previous records, topping 280,122 in April, the Florida Bar reported. That’s more than double the...

Posted: May 22, 2023

Colleague’s Death Spurs Connecticut Lawmakers to Pass Wrong-Way Driver Bill

Connecticut lawmakers, shaken by the death of a colleague killed in a wrong-way crash earlier this year, unanimously approved a bill Wednesday that attempts to curtail the growing problem of wrong-way drivers. The legislation calls for the installati...

Posted: May 22, 2023

New Jersey Allows Emergency Erosion Fixes in Defiant Town

New Jersey environmental officials will allow a shore town to carry out emergency repairs to its badly eroded beachfront, even as they continue a years-long fight with city officials over how best to protect the popular Jersey Shore resort’s fr...

Posted: May 22, 2023

People Moves: Venbrook in California Names Aguilar CFO

Venbrook Group, LLC named Juan Aguilar chief financial officer. Aguilar has 20 years of industry experience, most recently serving 15 years at Aon PLC, where he held leadership roles across finance, operations and business strategy and development. B...

Posted: May 22, 2023

Optimizing Agency Relationships: A Data-Driven Approach to Premium Growth

By Amborish Baruah, Deepti Kalra and Rahul Nawab The reported demise of the independent insurance agency as a sales and distribution channel has been greatly exaggerated. Over the course of a decade or more of predictions about the growth of …

Posted: May 21, 2023

Using Data to Create Sustainable DEI Change

How to build a strategy that won’t fall victim to burnout. As someone who has worked in and has been a champion for diversity, equity and inclusion (DEI) for much of my career, I know on an instinctive level the …

Posted: May 21, 2023

Work and Mental Health

May is Mental Health Awareness Month — a time for all of us to think about and bring awareness to the well-being of those we live and work with every day. Employee mental health has been a huge issue for …

Posted: May 21, 2023

A Dozen Ways You Can Be TOO Good at Your Job

Most agent errors and omissions (E&O) policies cover claims that arise from “professional services.” This term is usually defined in the E&O policy to be something like “activities as an insurance agent or insurance broker&#...

Posted: May 21, 2023

It’s Just a Name Change and Other ‘ERPS’

Claims made insurance policies have existed for a long time. For specialty line insurance policies, such as directors and officers liability, professional liability, cyber liability etc., they are the most common type of policy issued. They are compl...

Posted: May 21, 2023

Using Data to Create Sustainable DEI Change: How to build a strategy that won’t fall victim to burno...

As someone who has worked in and has been a champion for diversity, equity and inclusion (DEI) for much of my career, I know on an instinctive level the incredible value that a diverse workplace brings. It creates a sense …

Posted: May 21, 2023

New Trend: Cannabis Consumption Lounges

The cannabis industry continues to evolve, with 39 states and the District of Columbia having legalized cannabis on a medicinal level, and 21 states and D.C. allowing cannabis for recreational use. While the market has become increasingly saturated,...

Posted: May 21, 2023

Risks on Stage: New World, New Life in Entertainment Business Spectator Safety, Natural Catastrophes...

By Ezra Amacher As theater shows and live events return to full force this year coming off pent-up demand, underwriters are placing extra scrutiny on safety, resulting in increased rates and tightly worded policies. Specialists in the entertainment i...

Posted: May 21, 2023

Frequency Declines But Lost Time Claims Costs Rise in Restaurant Workers’ Comp: Marsh

A shortage of workers in the restaurant industry is leading to more expensive and complex claims in workers’ compensation even as claim frequency declines, according to a recent report and webinar. Marsh recently released its Restaurant Industr...

Posted: May 21, 2023