INSURANCE NEWS
Packaging Manufacturer Faces $178K in Fines After Ohio Worker’s Burns
A federal workplace safety investigation into how a 25-year-old manufacturing worker suffered serious arm burns in February that required hospitalization, determined his Ohio employer failed to follow required federal safety standards that might have prevented the incident. The U.S. Department …
South Dakota State-Licensed Medical Marijuana Store Opens This Week
Patients enrolled in South Dakota’s medical marijuana program will have their first opportunity to buy cannabis from a state-licensed facility this week. It has been a year and a-half since state voters overwhelmingly approved medical marijuana. The co-owner of one …
Applied Systems Acquires Tarmika
Applied Systems said it has acquired Tarmika, a leading commercial lines rating solution that streamlines small business insurance. This complementary acquisition will expand Applied’s commercial quoting and Ivans’ distribution connectivity solutions to create a more valuable and digital distribution experience …
Q2 Commercial P/C Premiums Up 6.1%: CIAB
The second quarter 2022 marked a full five years of premium increases for across all lines of commercial insurance business, according to the latest report from the Council of Insurance Agents and Brokers (CIAB). The average premium increase across all …
People Moves: Senior Roles at Ryan Specialty Underwriting Managers; Snyder Named President U.S. Insurance at Argo; Kovach Joins Concert
Ryan Specialty Appoints New Senior Leadership within Underwriting Managers Specialty Chicago-based Ryan Specialty has made appointments to three new senior leadership roles within the Underwriting Managers specialty. Brian Lillis, Chief Operating Officer, has been with Ryan Specialty Underwriting Managers for …
Two Radiation Incidents Investigated at Oregon Hospital
The U.S. Nuclear Regulatory Commission has issued two “event notifications” for incidents involving Salem Hospital’s radiation oncology department earlier this year. One incident involved hospital employees, while the other involved patients. Investigations to-date have shown no injuries, the Statesman Journal …
Jensten Group Buys UK-Based Broker J. Bennett & Son
The Jensten Group, the London-based independent insurance broking group, has acquired J. Bennett & Son Insurance Brokers, based in High Wycombe, England, and its Oxford-based subsidiary, Mathews Comfort & Co., for an undisclosed sum. The deal is subject to regulatory …
ER Docs Are Independent Contractors, But Hospital Still Controls, Florida Court Finds
As in many business and commercial liability disputes, it’s all about the wording of the contract, a Florida appeals court decided in a medical malpractice case that could affect hospitals’ relationships with their doctors. The Latisha Gradia vs. Baptist Hospital …
FBI: Firm Chaired by Former Florida House Speaker Billed County for Hurricane Cleanup
A Florida company with a former House speaker as a top executive allegedly charged local government millions of dollars for Hurricane Michael cleanup that it never performed, according to an FBI affidavit that was released last week as part of …
Maryland Court Affirms Limits on Hiring Firm Liability for Contractor Negligence
The mother of a man killed on a Baltimore construction site who was barred by Maryland’s workers’ compensation law from suing the contractor hired by the city has lost a bid to hold the city and subcontractor liable. The court …
Financial Services Companies Urged to Hire More Working-Class Managers
Financial services companies should set “stretching targets” for appointing people from working class backgrounds to senior positions, a UK government-sponsored report said on Thursday [Aug. 11]. The finance industry is already making efforts to appoint more women, Black and ethnic …
Crash Into Pennsylvania Bar During Fundraiser for Fire Victims Kills 1, Injures 17
One person was killed and another 17 people injured when a vehicle struck a crowd gathered at a Pennsylvania bar for a fundraiser for victims of a house fire that killed 10 earlier this month; the man police say was …