Insurance
Markets/Coverages: Combo W&H and EPL Policy From ExecutivePerils; Coalition Adds Crime and Fiduciary Coverage
Independent 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 People Moves: Mutual of Enumclaw Fills Two New Executive Roles
Mutual of Enumclaw, a regional carrier of personal, business and farm and ranch insurance policies, has appointed two new leaders in the company’s underwriting and client services divisions. Newly appointed Chief Member Experience Officer Jerel Titus has 25 years of …
Read More New York Gov. Hochul Vetoes Wrongful Death Damages Bill
New York Gov. Kathy Hochul last night vetoed a measure that would have expanded wrongful death benefits after her late bid for amendments was rejected by the sponsors of the bill. In vetoing the Grieving Families Act, Hochul called for …
Read More 25 Charged in Fake Nursing Diploma Scheme in South Florida
Federal authorities in Florida have charged 25 people with participating in a wire fraud scheme that created an illegal shortcut for aspiring nurses to get licensed and find employment. Recently unsealed federal grand jury indictments allege the defendants took part …
Read More Residents Told Structure Had No Insurance After Fire Destroys Miami Apartment Complex
More than 100 people in Miami are looking for new homes after a fire destroyed dozens of units at an apartment complex this week. Residents said they were doubly incensed after learning that the complex had no property insurance. Local …
Read More Rising Costs of Secondary Perils Forces Reinsurers to Require Higher Attachment Points
Economic and insured losses from secondary perils from natural catastrophes are accelerating and surpassing the loss totals from primary perils, which is leading reinsurers to require higher attachment points, according to Gallagher Re. “The topic of primary versus secondary perils …
Read More Coalition Launches Full-Stack Cyber Insurer for SMBs
Insurtech Coalition on Jan. 30 announced the launch of a full-stack cyber insurance carrier. Coalition Insurance Company (CIC), what Coalition called the “the first full-stack, active cyber Insurance carrier,” received an A- rating from AM Best, also on Jan. 30. …
Read More Investor Group Bans Carbon Removal Schemes From CO2 Reduction Plans
An investor group committed to climate change and controlling $11 trillion in assets has banned members from counting carbon removal schemes towards their emissions reduction targets before 2030, amid increasing scrutiny of the fast-growing market for carbon offsets. The Net …
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