INSURANCE NEWS
Oklahoma Farm Fined $72K for Denying Workers Overtime Pay
The U.S. Department of Labor has obtained a consent judgment and injunction to recover $72,000 in back wages and liquidated damages for 20 workers whose Oklahoma employer misapplied the agriculture exemption to retail workers and did not pay overtime to …
Venture Global LNG Considers Fifth Export Project in Louisiana
Venture Global LNG Inc. is considering building a fifth project on the US Gulf Coast that would put it on track to become the nation’s largest exporter of the fuel, according to a document seen by Bloomberg. The project, named …
Ohio Manufacturer Faces $255K Fine After Worker Suffers Partial Amputation
The U.S. Department of Labor has cited a Portsmouth, Ohio hardwood floor manufacturer with a long history of federal safety violations after the company reported a 23-year-old worker suffered a partial arm amputation while troubleshooting a rip saw machine at …
People Moves: Hatchette Named Deputy Insurance Commissioner in Maryland
Joy Y. Hatchette has been named deputy commissioner of the Maryland Insurance Administration (MIA). Acting Maryland Insurance Commissioner Marie Grant announced the appointment of Hatchette, who since 2004, has served as the associate commissioner for consumer education and advocacy. She …
People Moves: Ryan Specialty Underwriting Managers Int’l Names Birrell Exec Chair, Montgomery as CEO;
This edition of International People Moves details appointments at Ryan Specialty and Howden Re. A summary of these new hires follows here. Ryan Specialty Underwriting Managers Int’l Names Birrell Exec Chair, Montgomery as CEO Ryan Specialty, the Chicago-based specialty insurance …
UK Business Activity Set to Shrink in Wake of Budget, CBI Says
Business activity in the UK is on course to shrink for the first time in more than two years as companies cut jobs and rein in investment following the budget, according to the Confederation of British Industry’s monthly growth indicator. …
Zurich Completes $600M Buy of AIG’s Travel Insurance Business
Zurich Insurance Group said Tuesday its acquisition of American International Group’s global personal travel insurance business is complete. Zurich said the acquisition of AIG’s personal travel insurance and assistance business, including Travel Guard, for $600 million makes it one of …
Hoboken Dealing With Ransomware Attack
The city of Hoboken, New Jersey has reported it was the victim of a ransomware attack in the early hours of last Wednesday, November 27. Due to the November 26 cyber attack, City Hall and the municipal court were closed …
Italy to Require Companies Buy Insurance for Climate Risks
Starting Jan. 1, every company in Italy must buy insurance to protect its assets from floods, landslides and other natural hazards that have become more common thanks to global warming. It’s the latest sign of Europe’s rising anxiety about climate …
Rising Sick Days Are Costing Europe Billions Every Year
Norway, illness is becoming an increasingly trying problem. Workers take more sick days than anywhere else in Europe and absences are at the highest level in 15 years. As companies struggle with chronic shortages, critics blame an overly generous welfare …
Triple Threat Targets More Than 30,000 US Homes: CoreLogic
Year-round extreme risk from three natural disasters threatens more than 33,000 homes in the U.S., according to the latest analysis by CoreLogic. Hurricane wind, wildfire and inland flood are the most common combination of perils, research showed. Natural disasters, under-insurance …
Apple Accused of Silencing Workers, Spying on Personal Devices
Apple has been accused in a new lawsuit of illegally monitoring its workers’ personal devices and iCloud accounts while also barring them from discussing their pay and working conditions. The complaint filed in California state court on Sunday by Amar …