Insurance Journal
Off the coast of Malaysia, in one of the world’s busiest shipping channels, an explosion on board the aging oil tanker Pablo ripped off its deck like a sardine can and began a fire that sent dark plumes of smoke …
Posted: May 08, 2023
South Africa Special Risk Insurance Association told clients it won’t pay claims for damage related to a collapse of the national electricity grid, Business Day reported, citing a circular from the company. The announcement by the state-owned i...
Posted: May 08, 2023
GRAND RAPIDS, Mich. (AP) – Two workers were being treated for chemical burns Friday after one fell into a vat at a Grand Rapids electroplating plant, authorities said. The Grand Rapids Fire Department was sent on a hazardous materials call R...
Posted: May 08, 2023
HOUSTON (AP) – Fire erupted at a petrochemical plant in the Houston area Friday, leaving five workers hospitalized and sending up a huge plume of smoke visible for miles. Emergency responders were called to help around 3 p.m. at the …
Posted: May 08, 2023
Artificial intelligence could pose a “more urgent” threat to humanity than climate change, AI pioneer Geoffrey Hinton told Reuters in an interview on Friday. Geoffrey Hinton, widely known as one of the “godfathers of AI,” rece...
Posted: May 08, 2023
The U.S. Securities and Exchange Commission (SEC) has issued its largest ever award of nearly $279 million to a whistleblower whose information helped the regulator’s enforcement action, it said on Friday. The regulator did not disclose the cas...
Posted: May 08, 2023
Warren Buffett, whose economic insights are craved for Berkshire Hathaway Inc.’s deep ties to the American economy, had a gloomy prediction for his own businesses: the good times may be over. The billionaire investor expects earnings at the maj...
Posted: May 08, 2023
Atlanta-based Oakbridge Insurance Agency, which has continued to expand through the partnership model with smaller agencies around the South, announced it has added new agencies and offices in Mississippi. The expansion into the state includes Swoope...
Posted: May 08, 2023
When the Federal Emergency Management Agency unveiled its new Risk Rating 2.0 methodology for calculating flood insurance, advocates and critics alike warned that it would mean higher premiums for thousands of property owners, especially in low-eleva...
Posted: May 08, 2023
A Greek shipping company has pleaded guilty and agreed to pay $2.25 million for violations of environmental laws that were carried out by the captain and chief engineer of one of its oil tankers, federal prosecutors in Rhode Island said. …
Posted: May 08, 2023
A Greek shipping company has pleaded guilty and agreed to pay $2.25 million for violations of environmental laws that were carried out by the captain and chief engineer of one of its oil tankers, federal prosecutors said. The Galissas, owned …
Posted: May 08, 2023
A man who says he was repeatedly stunned with a Taser while handcuffed, including once in the face, is suing a Colorado sheriff’s department, alleging excessive force by two deputies and also a failure by leaders to train and discipline …
Posted: May 08, 2023
A U.S. Army soldier won’t get a new trial for his lawsuit against two police officers after he was pepper- sprayed, struck and handcuffed during a traffic stop in rural Virginia, a federal judge has ruled. Video of the incident …
Posted: May 08, 2023
Maryland Gov. Wes Moore has the trauma that harms so many still to this signed legislation to end day, and this law reflects that exact truth.” Maryland’s statute of limitations The law, which takes effect Oct. 1, on when child …
Posted: May 07, 2023
New York Governor Kathy Hochul announced that the nonprofit InnSure will administer the state’s $6.5 million insurance innovation fund that includes grants to encourage the development of new insurance policies and products that support new cle...
Posted: May 07, 2023
The California Division of Occupational Safety and Health cited Meeder Equipment Co. of Rancho Cucamonga and referred D&D Construction Specialties Inc. of Sun Valley for criminal prosecution in two separate cases of workers’ deaths related...
Posted: May 07, 2023
By Jahna Jacobson Cybercrime is up, properties are underinsured, and the management liability market is softening. These are a few of the predictions and results revealed in the Risk Strategies 2023 State of the Market report, which examines the tren...
Posted: May 07, 2023
Workplace health and safety are top of mind for employers, especially after a recent incident at a Mars factory, where workers fell into a vat of chocolate. To prevent such accidents, it’s important for businesses to incorporate Occupational Sa...
Posted: May 07, 2023
Young consumers don’t always trust the insurance industry, but most do, according to a new study from the Society of Actuaries (SOA) Research Institute, which found that on average, younger consumers rated insurance companies a six out of 10 in...
Posted: May 07, 2023
When The Great Recession’s impact was felt by insurance agencies in 2008, I was only 18 months into my recruiting career with Capstone. I remember agencies going from a high volume of claims, loss control and account management hiring projects...
Posted: May 07, 2023
A Pennsylvania employer cannot be sued for blocking an employee from suing the third party responsible for her workplace injury, the state’s high court has ruled in reversing two lower courts. In a case involving an employee who was bitten R...
Posted: May 07, 2023
Business owners have a lot to consider when running a successful business. Unfortunately, many do not consider an exit strategy, especially in the early years of the business. Agency owners without an exit strategy will sometimes make decisions based...
Posted: May 07, 2023
The traditional job as we know it is slowly being replaced by skills-based work models. Could the shift help you recapture productivity? When it rains, it pours. The labor market was already strained in some industries prior to 2020. Add …
Posted: May 07, 2023
By Andrea Wells Not a day goes by that a new way to use artificial intelligence (AI) fails to make the daily headlines. AI-powered tools seem to be making their mark on every business sector, including the healthcare industry. AI …
Posted: May 07, 2023
By Jim Sams A national labor shortage has created ideal conditions for skilled workers to negotiate for better pay and more flexible work schedules, but also new challenges for employers: Staff members aren’t eager to return to the office; job...
Posted: May 07, 2023