INSURANCE NEWS
Fortune 500 Vulnerabilities to Third-Party Cloud Risk Could Result in $20B Loss
New research indicates members of the Fortune 500 could suffer direct financial losses in excess of $20 billion due to a partial outage of third-party cloud services, according to Parametrix. The findings highlight how the disruption of third party cloud …
Government Climate Report Shows Quickly Rising Temps, but U.S. Greenhouse Gas Emissions Headed Down
A new national climate report that shows temperatures rapidly rising, but it also has some good news for the U.S. The Fifth National Climate Assessment, which analyzes the impacts of climate and global change in the U.S., shows that global …
Letting People Work From Home Is Good for Companies’ Revenue Growth
Companies that allow remote work have experienced revenue growth that’s four times faster than those that are more stringent about office attendance, a new survey shows, adding fuel to the debate over productivity and performance in today’s workplaces. The analysis …
Mom Not Liable in Son’s Crash of Family Car, Florida Supreme Court Says
Florida families and their auto insurers can rest a little easier after the state Supreme Court decided Thursday that a mom cannot be held vicariously liable for an accident caused by her son who had borrowed the family car. In …
Oregon Jury Awards Man $3M After Officer Accused Him of Trying to Steal Car
A jury in Oregon has awarded a man more than $3.1 million after a police officer accused him of trying to steal a car he was fixing and allegedly used excessive force when arresting him. That jury award included more …
Fatalities From Maui Wildfire Reach 100 After Death of Woman
The death toll from the wildfire that devastated the historic Maui town of Lahaina last summer has risen to 100 after a 78-year-old woman injured in the disaster died last month, officials said. The victim was among those who had …
OSHA Faults Pharmaceutical Manufacturer in Massachusetts Plant’s Fatal Explosion
A Newburyport, Massachusetts pharmaceutical and chemical manufacturer and its parent company could have prevented an employee’s death from an explosion but lacked the required safeguards in a chemical manufacturing process, an Occupational Safety and Health Administration investigation found. OSHA’s investigation …
In Pennsylvania, Workers’ Compensation Now Pays for CBD Oil Treatment
Eight months after it ruled that medical marijuana is covered under workers’ compensation, a Pennsylvania appeals court has concluded that an injured worker’s cost of CBD oil is also reimbursable. A Commonwealth Court has found that CBD oil qualifies under …
Magnitude 3.6 Earthquake Rattles Parts of Northern Illinois, Parts of 3 Other States
STANDARD, Ill. (AP) __ A magnitude 3.6 earthquake rattled northern Illinois and parts of three other states early Wednesday, awakening some residents and spurring reports to 911 about homes shaking, the U.S. Geological Survey and police said. The small earthquake …
Arthur J. Gallagher & Co. Acquires Michigan’s Coverys Insurance Services
Arthur J. Gallagher & Co. announced it has acquired certain assets of the retail agency business of East Lansing, Michigan-based Coverys Insurance Services. Terms of the transaction were not disclosed. Coverys Insurance Services is a full-service insurance broker specializing in …
exas Department of Insurance Proposes Amendments to Benefit Texas Military Forces in Workers’ Comp System
The Texas Department of Insurance, Division of Workers’ Compensation’s (DWC) General Counsel notified workers’ compensation system participants that DWC is proposing amendments to the Texas Administrative Code concerning. expedited benefits for members of the Texas military forces The proposed rules …
People Moves: Suda Joins RT Binding Authority’s Leadership Team
RT Specialty, the wholesale distribution division of Ryan Specialty headquartered in Chicago, Ill., hired underwriter Jessalynn Suda to RT Binding Authority’s leadership team. Suda brings 15 years of underwriting experience to RT Binding Authority. She most recently served as vice …