INSURANCE NEWS

OSHA Cites Maryland Contractor for 136 ‘Willful, Repeat Serious’ Safety Violations

A Maryland residential framing contractor – cited for 136 willful, repeat, serious and other violations in 20 workplace safety inspections since 2020 – continues to expose its workers to falls from elevation, the construction industry’s most lethal hazard, inspectors with …
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Dallas Storm Causes ‘Nominal’ Claims Despite Near-Historic Rainfall

A 1,000-year rain event that brought 10 or more inches of rainfall to parts of North Texas early this week has led to roughly 3,500 property claims, 1,300 auto claims and less than 20 flood claims through the National Flood …
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Uvalde School District, Texas Law Enforcement Could Face $27 Billion Lawsuit

Uvalde school district and a litany of law enforcement agencies could face $27 billion class-action lawsuit over shooting” was first published by The Texas Tribune, a nonprofit, nonpartisan media organization that informs Texans — and engages with them — about …
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St. Louis Police Face Closer Scrutiny Under New Oversight Plan

Eight years after Michael Brown’s death pushed the St. Louis region front and center into the national debate over police accountability, the city’s elected officials and its police associations are at odds over a new oversight plan. St. Louis Mayor …
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Florida DWC Trying to Bring Two-Year Medical Reimbursement Debate to a Close

The Florida Division of Workers’ Compensation will hold hearings on Aug. 30 to discuss changes to some medical reimbursement levels and procedures, the latest step in a sometimes contentious process that has lasted more than two years. Tuesday’s hearings probably …
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Lawsuit Filed to Take Recreational Marijuana off Missouri Ballot

An anti-drug group on Monday announced support for a lawsuit to take a recreational marijuana legalization proposal off Missouri’s November ballot. Jefferson City resident Joy Sweeney filed the lawsuit Friday with support from the national anti-drug group Protect Our Kids. …
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US Pandemic-Era Inflation Mostly Driven by Demand Surge, NY Fed Study Finds

The majority of US pandemic-era inflation came from a surge in demand, but supply-chain constraints stoked it further, Federal Reserve Bank of New York research shows. About 60% of the inflation seen from 2019 to 2021 was driven by demand-side …
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‘Hating ESG’: Advocates Are Looking to Replace the Label

A number of sustainable investing champions say it’s time for the “ESG” label to be shelved and replaced by something less likely to draw attacks from both the political right and left. Robert Eccles, a professor who’s spent the past …
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Man-Made Crises Threaten P/C Markets, Says Joint Report From Trade Associations

Several insurance industry trade associations used the 30th anniversary of Hurricane Andrew – a storm that upended and transformed insurance and the manner in which communities prepare for natural disasters – to broadcast their conclusion that man-made threats are today …
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Rising Premiums, Low Catastrophe Losses Boost U.S., Bermuda Reinsurers’ H1 Profits

U.S. and Bermuda reinsurers reported strong operating performance for the first six months of 2022, supported by continued pricing increases in most reinsurance and specialty lines of business as well as tighter terms and conditions and low catastrophe losses, according …
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California Lawmakers Allow Lawsuits Against ‘Cyber Flashers’

Victims who receive unsolicited sexually graphic material by text, email, app or other electronic means could sue the sender under a bill that California lawmakers sent to Gov. Gavin Newsom this week. The bill targets what’s known as “cyber flashing,” …
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Risk Strategies Acquires New Jersey’s Dickstein Associates

Risk Strategies, a Boston-based national specialty insurance brokerage, has acquired Dickstein Associates Agency, a retail insurance agency located in Tinton Falls, New Jersey. Founded in 1965, Dickstein Associates provides risk management and property/casualty insurance coverages with a focus on real …
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