Insurance
NTSB Chair Raises Safety Concerns About Heavy Electric Vehicles
U.S. National Transportation Safety Board Chair Jennifer Homendy on Wednesday raised concerns about the increased risk of severe injury and death from heavier electric vehicles on U.S. roads. She cited a General Motors GMC Hummer EV that weighs over 9,000 …
Read More U.S. Securities Regulator Lists April for Climate Rule Action
The top U.S. securities regulator has cited April as the release date for a long-anticipated rule on companies’ climate-related disclosures, according to a recent federal notice. In a draft proposal last March the U.S. Securities and Exchange Commission said it …
Read More School Lawsuits Over Social Media Harm Face Tough Legal Road
Like the tobacco, oil, gun, opioid and vaping industries before them, the big U.S. social media companies are now facing lawsuits brought by public entities that seek to hold them accountable for a huge societal problem – in their case, …
Read More What’s New in Agency Compensation: Participate in the 2023 Survey
Insurance Journal is once again inviting all retail agency owners, principals, producers, account executives, CSRs — the entire agency — to participate in the annual independent insurance agency salary survey for publication in an upcoming issue of Insurance Journal Magazine. …
Read More OSHA Fines Utility Eversource $333K for Fatal Beacon Hill Arc Flash, Blast in Boston
The federal Occupational Safety and Health Administration has cited Eversource Energy Service Co. for five violations of workplace safety standards after its investigation of a fatal arc flash and arc blast in Boston’s Beacon Hill neighborhood on July 12, 2022, …
Read More Pennsylvania Raises Auto Insurance Accident Surcharge Threshold Again
Pennsylvania auto insurers will not be able to surcharge private passenger policyholders with claims unless their aggregate claim cost over a three-year period exceeds $2,100. This new threshold is effective in July and is up from the current $1,900. Insurers …
Read More New York Corporations Face Fines for Criminal Liability for Construction Deaths, Injuries
Corporations in New York’s construction industry will face increased fines of up to $500,000 if they are found criminally liable for worker deaths or serious injuries. Gov. Kathy Hochul signed into law what has been named Carlos’ Law. The legislation …
Read More Ransomware Group with Links in Russia Behind Royal Mail Incident
A cyber incident that led to severe disruption to Royal Mail’s international export services was caused by Lockbit, a ransomware group that some cybersecurity experts say has members in Russia, Britain’s Telegraph newspaper reported. Royal Mail, one of the world’s …
Read More UK Review Advises ‘Step Change’ in Approach to Climate Change
The UK needs “a step change” in its approach to slashing carbon emissions if it is to eliminate greenhouse gases by 2050, according to a review commissioned by the government. The country is not doing enough to invest in projects …
Read More Inszone Enters Michigan With Acquisition of Brinch
Inszone Insurance Services announced the acquisition of Brinch Agency Insurance. Brinch Agency Insurance was founded in 2001 by Chris and Kathy Brinch after managing a family-owned agency in Eastpointe for over 2 decades. Formed and located in Roseville, Michigan, Brinch …
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