Insurance
Safety Board: Chemical Leak That Killed 6 Georgia Poultry Workers Was Preventable
A chemical leak that killed six workers at a Georgia poultry plant in 2021 resulted from a poorly designed freezer that spilled deadly liquid nitrogen as well as a failure by the plant`s owner to install safety equipment and properly …
Read More SEC Says No to New Crypto Rules; Coinbase Asks Court to Review
The U.S. Securities and Exchange Commission on Friday denied a petition by Coinbase Global seeking new rules from the agency for the digital asset sector, which the country’s largest crypto exchange then sought to challenge in court. The five-member commission, …
Read More New York Fund Receives $7.75 Million After Workers’ Compensation Fraud Prosecution
Law enforcement officials announced the final sentencing in their prosecution of an $18 million workers’ compensation fraud case and the return of $7.75 million to the New York State Insurance Fund (NYSIF). Manhattan District Attorney Alvin Bragg, Jr. on Friday …
Read More Shipping Firms Avoid Red Sea as Attacks From Iran-Backed Houthi Militants Rise
Iranian-backed Houthi militants in Yemen have stepped up attacks on vessels in the Red Sea to show their support for Palestinian Islamist group Hamas fighting Israel in Gaza. The attacks, targeting a route that allows East-West trade, especially of oil, …
Read More Minnesota Construction Contractor Faces $1.8 Million in Penalties for Endangering Workers
Despite signing a 2021 settlement agreement with the U.S. Department of Labor that included a promise to protect its employees from potentially deadly trenching and excavation hazards, a Minnesota construction contractor was again found endangering employees in June 2023 as …
Read More Australian Tourist Hotspot Inundated With Life-Threatening Floods After Cyclone Jaspar
A key tourism area in Australia’s far north has been inundated with life-threatening flooding after days of torrential rainfall in the wake of a tropical cyclone. Major flood and strong wind warnings have been issued across several areas in Queensland …
Read More Lloyd’s Extends Lease on Iconic London Headquarters Until 2035
Society of Lloyd’s, better known as Lloyd’s of London, has reached an agreement to remain in its One Lime Street headquarters until at least 2035, the Financial Times reported. The deal with landlord Ping An Insurance Group, which came together …
Read More Industry Experts Gather at Inaugural Oklahoma Insurance Day
The Oklahoma Insurance Department (OID) hosted the inaugural Oklahoma Insurance Day in Oklahoma City on Dec. 14. The conference was held at the Embassy Suites Downtown Medical Center and attracted a total of 125 attendees from across the insurance sector …
Read More Are Billions in Wind Mitigation the Answer for Florida’s Insurance Problems?
While Florida’s property insurance landscape appears to be leveling out, much more funding is needed to fortify homes against hurricane winds and prevent devastating losses for insureds and insurers, a few panelists said at the Florida Chamber’s Insurance Summit last …
Read More From Litigation to Capital, Florida Insurance Market Improving, Panelists Say
The Florida property and casualty insurance market is not out of the woods but it is showing signs of progress, from litigation trends to capital investments in the state, according to almost two dozen people who spoke at the Florida …
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