Today’s Insurance News
Source: Insurance Journal
Source: Insurance Journal
- Q&A: Louisiana Commissioner Jim Donelon on Special Session to Address Insurance Crisis
In the aftermath of Hurricane Katrina, Louisiana lawmakers created a $29 million incentive fund to lure property insurance companies to write business in the state. The Insure Louisiana Incentive Program provided grants to five insurers, who were required to match … Read more » - California Earthquake False Alarm Offers a Lesson for Crisis Communicators
An earthquake false alarm nearly four years ago can teach disaster and emergency planners – and any crisis communicators, including insurers – a thing or two about communicating to the public during following a crisis. In May 2019, an alert … Read more » - People Moves: NFP Hires Hawley as SVP in its Surety PracticeNFP Hires Hawley as Senior Vice President in its Surety Practice NFP, a New York, NewYork-based property and casualty broker, benefits consultant, wealth manager, and retirement advisor, has hired Aaron Hawley as a senior vice president in its Surety practice. … Read more »
- Missouri Engineering Company Fined $198K After Fatal ElectrocutionA fourth-year apprentice heating, ventilation and air conditioning technician employed by U.S. Engineering Services suffered fatal electrocution after coming in contact with energized parts while repairing HVAC equipment on Aug. 24, 2022, at University Academy, a college prep charter school … Read more »
- Davies Acquires Illinois’ MVPDavies announced the acquisition of MVP Advisory Group, LLC (“MVP”), the consulting business specializing in advisory & transformation projects for the property & casualty and life & health insurance markets. With headquarters in Chicago, Illinois, US, MVP’s insurance & technology … Read more »
- Texas Power Grid Holding Up Amid Winter StormA dayslong winter storm warning in Texas is already disrupting travel plans and closing schools, but state officials say the power grid is holding up. According to the National Weather Service, tens of millions of people in Texas and mid-South … Read more »
- U.S. Court Rejects J&J Bankruptcy Strategy for Thousands of Talc Lawsuits
A U.S. appeals court on Monday shot down Johnson & Johnson’s attempt to offload tens of thousands of lawsuits over its talc products into bankruptcy court. The ruling marked the first major repudiation of an emerging legal strategy with the … Read more » - Markets/Coverages: Combo W&H and EPL Policy From ExecutivePerils; Coalition Adds Crime and Fiduciary CoverageIndependent wholesaler ExecutivePerils announced the launch of a new insurance policy, EPL+WHIP – a product that combines wage & hour insurance protection (WHIP) coverage with employment practice liability (EPL) coverage. EPL+WHIP, available in all 50 states, was created to address … Read more »
- Ranks of Quiet Quitters Climb as Layoffs Mount
Close to one in five workers has fully checked out on the job, and employees’ sense that they’re being treated fairly has plummeted, according to two new surveys that paint a dismal picture of the American workplace. The share of … Read more » - Connecticut Supreme Court Upholds Insurers in Two Covid-19 Business Loss Appeals
The Connecticut Supreme Court has upheld insurers in two cases where claims for business interruption losses blamed on Covid-19 were denied because there was no direct physical damage. One case involved healthcare facilities Connecticut Dermatology Group, Live Every Day, and … Read more »
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