INSURANCE NEWS
Flexibility Is Key for Insurers Managing Inflationary Challenges
Inflation likely won’t subside anytime soon, and insurers will need to be proactive and flexible if they want to stay on top of the challenges, said Keith Buckley, managing director of Fitch Ratings’ global insurance rating group. He was speaking …
Officers Exempt from Workers’ Comp But Carriers Charging Anyway?
Tradespeople who call themselves and their workers “independent contractors” have long been an issue for the workers’ compensation industry, often cutting carriers out of premium and leaving injured workers without coverage. Some in the industry now worry, though, that at …
Judge Rules Walgreens Contributed to San Francisco’s Opioid Crisis
A federal judge ruled this week that Walgreens can be held responsible for contributing to San Francisco’s opioid crisis for over-dispensing opioids for years without proper oversight and failing to identify and report suspicious orders as required by law. San …
Former Washington State Coach Files Wrongful Termination Claim
Former Washington State football coach Nick Rolovich has filed a claim against the university seeking $25 million for wrongful termination after he was fired last year for refusing to get vaccinated against COVID-19. The claim was filed on Rolovich’s behalf …
Sesame Place to Train Workers on Diversity After $25M Lawsuit
PHILADELPHIA (AP) —Sesame Place has announced the implementation of diversity and inclusion training for its employees following a $25 million class-action lawsuit alleging multiple incidents of discrimination after outcry sparked from a video of a costumed character snubbing two 6-year-old …
Scientists: Climactic Hazards Aggravate Disease-Causing Pathogens
Here’s something to think about after two years of living in a COVID-19 reality: More than 58% of human diseases caused by pathogens – think dengue, hepatitis, malaria, Zika – have been “aggravated by climatic hazards.” Research published this week …
Inszone Acquires Missouri’s First Bosnian Insurance
Inszone Insurance Services announced the acquisition of First Bosnian Insurance, providing the second acquisition in the state of Missouri. First Bosnian Insurance opened in 2005 with the goal of helping the growing community of Balkan and Eastern European people coming …
Texas Department of Insurance Warns of Scammer Posing as Employee
The Texas Department of Insurance (TDI) is urging consumers to be wary of phone calls or other communications from anyone claiming to be a representative of TDI. TDI will call you only when you ask for assistance. TDI’s Fraud Unit …
Assistance Also Available for Renters in Flooded Eastern Kentucky
Federal assistance is available not just for homeowners, but also for renters whose homes and property were damaged by recent floods in eastern Kentucky. The Federal Emergency Management Agency said individual assistance is available to renters as well as homeowners …
North Dakota Resident Charged in ATV Insurance Fraud Scheme
The Cass County, North Dakota State’s Attorney’s office, in conjunction with the North Dakota Insurance Department, have brought charges against a resident of Cass County for committing insurance fraud. Paul Joseph Baumler, 58, of Casselton is being charged with one …
Louisiana Oil Spill Cleanup Underway After Tank Platform Collapse
An oil spill cleanup is underway at a site where an oil tank platform collapsed in a Louisiana bay, the Coast Guard said. The spill of crude oil occurred at Hilcorp’s Caillou Island facility in Terrebonne Bay, Louisiana, according to …
Florida Claims Litigation Dropped in July, but AOB Share Continues to Rise
The volume of claims litigation in Florida rose in June then declined in July by almost the same amount. But the share of cases that are assignment-of-benefits claims rose to the highest level since early 2021, a litigation management software …