INSURANCE NEWS

Florida Saw Jump in Workers’ Comp Cost per Claim in 2022-23, WCRI Report Shows

Call it the effects of wage creep during the pandemic, along with a little bit of creep in the duration of benefits. Employers and insurers in Florida saw a 7% increase in total cost per workers’ compensation claim in 2022 …
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Maryland Hospitality Firm Settles Employee Pregnancy Discrimination and Retaliation Suit

Savage River Lodge and Little Crossings will pay $150,000 and furnish equitable relief to settle federal charges that they discriminated against an employee because of her pregnancy and then fired her. The Frostburg, Maryland businesses, part of Fronterra Resources, offer …
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Hub Acquires Williams Insurance Services in California

Hub International Ltd. acquired Merriwether & Williams Insurance Services Inc. Merriwether & Williams has locations in San Francisco and Los Angeles, California, The firm provides contractor development abd bonding programs, aligned risk management and special project consulting, and insurance brokerage …
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New York Restricts Sale of Weight-Loss and Muscle-Building Supplements to Minors

It’s now illegal to sell weight-loss and muscle-building supplements to minors in New York, under a first-in-the-nation law that went into effect this week. Experts say loose federal regulation of dietary supplements has resulted in these products sometimes including unapproved …
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Extreme Weather Is Driving More US Power Outages, Studies Show

For decades, residents of eastern Queens in New York City have complained that they’re more likely to lose power when extreme weather hits, even as lights in other parts of the city stay on. A new study that looks at …
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Cracks in O’Hare Columns Aren’t Insured Property Damage, Just Bad Product – Court

Cracked steel columns are not “property damage,” but are building products that are not covered by a contractor’s general liability policy, the U.S. 7th Circuit Court of Appeals decided in an opinion that lets St. Paul and other insurers off …
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Yemen’s Houthis Threaten Ships in Mediterranean Sea That Are Sailing to Israeli Ports

Yemen’s Houthis will target ships heading to Israeli ports in any area that is within their range, military spokesman Yahya Sarea said in a televised speech on Friday. “We will target any ships heading to Israeli ports in the Mediterranean …
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Binance Crypto Founder Zhao Sentenced to Four Months in Prison

Changpeng Zhao, the former chief executive of Binance, was sentenced on Tuesday to four months in prison after pleading guilty to violating U.S. laws against money laundering at the world’s largest cryptocurrency exchange. Once considered the most powerful crypto industry …
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Pennsylvania High Court to Decide If Workers’ Compensation Covers CBD Oil

A veteran Pennsylvania workers’ compensation attorney will soon have a chance to argue before the Pennsylvania Supreme Court that his own use of cannabinoid oil (CBD oil) is covered by workers’ compensation. It’s an argument he won last November with …
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Tech Update: Marsh McLennan Launches AI Solution to Manage Supply Chain Risks

Marsh McLennan, the insurance and reinsurance broker, has launched Sentrisk, an artificial intelligence-powered platform, which aims to help businesses manage global supply chain risk. Created through the combined capabilities of Marsh McLennan businesses Marsh and Oliver Wyman, Sentrisk uses advanced …
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Kansas City Women’s Soccer Plans $800 Million Stadium District

After a failed vote to build a downtown Kansas City Royals stadium, another of the city’s professional sports teams is planning to expand with a mixed-used entertainment district. The Kansas City Current, the city’s National Women’s Soccer League team, will …
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Death of 4 Officers in Charlotte Shows Risks Police Face When Serving Warrants

(AP) Arrest warrants must be served to alleged criminals if society is going to function. But there is no guarantee of safety for police officers knocking on their doors. The grim risks came into stark relief Monday when four law …
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