INSURANCE NEWS
Report Shows California Workers’ Comp Medical Review Denials Still Rarely Overturned
The rate of California workers’ compensation medical treatment request denials being overturned was up slightly last year, but they are still a relatively rare occurrence, a new report shows. Denials were overturned at a rate of 12.7%, an increase from …
Singer Sues Metropolitan Opera Over Her Dismissal After Giving Birth
Mezzo-soprano Anita Rachvelishvili sued the Metropolitan Opera and her union, alleging the company unlawfully terminated her contracts because of a vocal issue that developed after she gave birth. She also accused the union of failing to pursue a grievance against …
New Mexico Insurance Department Moving to Increase FAIR Plan Limits
New Mexico Superintendent of Insurance Alice Kane increased maximum residential property insurance limits for policies from $350,000 to $750,000 through the New Mexico Fair Access to Insurance Requirements Plan. The move was adopted by the NM FAIR Plan Governing Committee. …
US Trade Rep Faces Bipartisan Questions on Scope and Duration of Tariffs
U.S. Trade Representative Jamieson Greer told U.S. senators on Tuesday that President Donald Trump’s administration has no plans to change tactics on the global tariff program in the near term, prompting some light push back from Republican lawmakers as Democrats …
Gov. Moore Swears In Executive Team Including Insurance Commissioner Grant
Maryland Governor Wes Moore this week swore in eight new executive leaders, each confirmed by the Senate during the 2025 legislative session, to fill key positions across state government. Among them was Insurance Commissioner Marie Grant, who joined the Maryland …
People Moves: NFP Names D’Agostino Senior Vice President
NFP, an Aon company headquartered in New York City, named Joseph D’Agostino as senior vice president, property and casualty. D’Agostino has nearly two decades of experience supporting hundreds of companies in navigating IPOs, acquisitions and other complex risks. He previously …
Maine’s United Insurance Acquires Barresi Financial
Portland, Maine-based United Insurance announced it has acquired Barresi Financial, a financial services and retirement advisory firm with offices in Bangor and Presque Isle. Barresi’s 10 associates will join United, according to Zack Frechette, United’s chief executive officer. With this …
Louisville, Other Parts of Kentucky Brace for More Flooding as Rivers Crest
The Ohio River is expected to crest Tuesday night at historically high levels, exacerbating flooding that has already swamped hundreds of homes, businesses and restaurants in Louisville and other parts of Kentucky. While heavy rains have moved on, rivers continue …
Insurance Industry Contemplates Knock-On Effect of Tariffs to Claims, Consumers
Insurance industry analysts, economists, and trade associations have continued to look at the potential effect of President Trump’s tariffs. About a month after Trump looked to impose steep tariffs on China, Mexico, and Canada, the administration on April 2 applied …
UK Urged to Give Companies Incentives to Hire the Long-Term Sick
The UK government needs to consider more perks for businesses and employees if it’s serious about getting the long-term sick back into the country’s workforce, two think-tanks said. Chancellor of the Exchequer Rachel Reeves should give firms a “holiday” on …
China Calls for Smart Driving Vigilance After Fatal Crash of Xiaomi Corp. EV
Chinese authorities warned drivers to stay vigilant and reduce the use of advanced driver-assistance technology during the Qing Ming Festival holiday, after three people died in an accident involving a Xiaomi Corp. electric car just over a week ago. Signs …
Broker BMS Appoints Former Hannover Re Executive Henchoz as Chairman of Board
BMS Group, the London-based specialist insurance and reinsurance broker, announced the appointment of Jean-Jacques Henchoz to the role of chairman of the board, effective May 1, 2025. Henchoz was most recently the CEO and chairman of the Executive Board of …