Insurance
Japan’s Top Court Rules Government Restrictions on Transgender Employee’s Use of Restrooms Illegal
Japan’s Supreme Court ruled Tuesday that restrictions imposed by a government ministry on a transgender female employee’s use of restrooms at her workplace are illegal, in a landmark decision that could promote the rights of LGBTQ+ people in a country …
Read More Russia’s Flagship Crude Oil Surpasses G-7 Price Cap in Blow to Western Sanctions
Russia’s flagship Urals crude oil breached a price cap set by the Group of Seven, a blow to western sanctions efforts and arguably an economic win for Moscow. According to price reporting agency Argus Media, Urals crude topped $60 a …
Read More Viewpoint: The ‘Must-Have’ Features of an Insurance Agency Website
There are several must-have elements that go into creating a strong, easy-to-use insurance agency website that communicates your brand’s identity and value. Your insurance agency’s website serves as the public “face” of your business. With this in mind, to instill …
Read More Twitter Owes Ex-Employees $500M in Severance, Lawsuit Claims
Twitter Inc on Wednesday was hit with a lawsuit accusing it of refusing to pay at least $500 million in promised severance to thousands of employees who were laid off after Elon Musk acquired the company. Courtney McMillian, who oversaw …
Read More Severe Weather Causes First-Half 2023 Losses of at Least $1B in Seven States: Report
Seven states experienced at least $1 billion in total insured severe weather loss for the first half of 2023, according to an update from BMS Group. Texas led all states with insured severe weather loss of $7.2 billion while Illinois, …
Read More Repricing Is Not Reunderwriting
A rising tide carries all boats. That rings true currently in commercial insurance. Carriers have broadly brushed aside concerns about geopolitics, inflation and natural catastrophes and reported positive year-to-date underwriting results. Leaders talk optimistically of the pivot to growth and …
Read More EU Widens Probe of Suicide Risks Linked to Weight-Loss Drugs
The European Union’s drug regulator expanded its investigation into a possible risk of suicidal thoughts associated with a new class of weight-loss medicines and a separate analysis found that most patients stopped taking the medications after a year. The European …
Read More Insurers Sue Energy Corporation Blamed for Helping Start Colorado Wildfire
Dozens of insurance companies are suing Minneapolis-based Xcel Energy to recoup money paid out to homes and businesses lost in Colorado`s most destructive wildfire in 2021. The lawsuit was filed Thursday, a few weeks after investigators announced that a sparking …
Read More Marsh McLennan Acquires Illinois-Based Trideo Systems
-Marsh McLennan Agency, a subsidiary of Marsh, today announced the acquisition of Arlington Heights, Illinois-based Trideo Systems, a risk management information system (RMIS) provider for health care organizations. Terms of the acquisition were not disclosed. Founded in 2008, Trideo’s RMIS …
Read More TWIA Committee Recommends 5% Increase in 2024 Residential Rates, 8% for Commercial
The Texas Windstorm Insurance Association Actuarial & Underwriting Committee met Tuesday, July 11 and voted to recommend increasing rates for residential policies by 5% and commercial policies by 8% for 2024. The TWIA Board of Directors will vote to approve …
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