Insurance

Lockton Launches Digital Asset Custody Insurance Facility Lockton has launched a digital asset custody insurance facility, which was developed by Lockton’s Emerging Asset Protection (LEAP) team in collaboration with leading global custody insurers. The facility is supported by Lloyd’s syndicates, …

Staffing Solutions of WNY Inc., a Buffalo-based staffing company serving western New York, will pay $550,000 to settle an employment discrimination lawsuit filed by the Equal Employment Opportunity Commission (EEOC), the federal agency announced. According to EEOC’s lawsuit, Staffing Solutions …

European reinsurers will miss their earnings targets in 2022 – for the sixth year in a row – which is pressuring the industry to raise rates and continue improving the quality of their portfolios, according to a research report published …

For the first time in many years the commercial auto insurance segment enjoyed a combined ratio below 100 in 2021, but increased claim frequency and severity in 2022 point to a U-turn in financial results. According to AM Best, costs …

Washington state has agreed to pay $2.75 million to a woman who was seriously hurt in a rollover crash involving a state Department of Transportation vehicle on Highway 522. On March 5, 2018, Kara Janneh of Monroe was driving her …

A white Allegheny County jail corrections officer who claimed he was fired in retaliation for reporting racial and sexual harassment incidents has been awarded almost $1 million by a federal jury. Jeffrey Kengerski claimed that the Allegheny County Jail and …

Business groups will almost certainly file lawsuits in an attempt to delay or derail a rule proposed by the Biden administration on Tuesday that would limit companies’ use of independent contractors, experts said. The proposal by the U.S. Department of …

The seafood industry in southwest Florida is racing against time and the elements to save what’s left of a major shrimping fleet — and a lifestyle — that was battered by Hurricane Ian. The storm’s ferocious wind and powerful surge …

An army of 42,000 utility workers has restored electricity to more than 2.5 million businesses and homes in Florida since Hurricane Ian’s onslaught, and Brenda Palmer’s place is among them. By the government’s count, she and her husband, Ralph, are …

The first insurance company in the U.S., The Friendly Society, was established in Charleston, South Carolina, in 1735, according to the Insurance Information Institute’s insurance handbook, meaning the industry is now nearly 300 years old. But experts at the Insuretech …