Business Insurance RSS feed

The U.S. Occupational Safety and Health Administration has cited an Ohio manufacturer over the death of an employee who was fatally burned by molten metal.

The second of two Business Insurance Break Out Awards events took place in New York on Tuesday, June 25, 2024. Honorees attended the event with colleagues and family.

Timothy W. Turner, a longtime senior executive at Ryan Specialty Holding Inc., will succeed the company’s founder Patrick G. Ryan as CEO of the specialty intermediary on Oct. 1, as Mr. Ryan moves to executive chairman, the company announced Monday.

Cyber insurance premiums are falling globally as businesses become more adept in curbing their losses from cybercrime, even as ransomware attacks are rising, broker Howden said in a report Monday.

The U.S. Equal Employment Opportunity Commission announced Friday that Tres Hijas Berry Farm LLC agreed to pay $200,000 to settle a sexual harassment class-action suit filed on behalf of workers.

Eighty-three percent of employees agreed they were open to trying and using new safety technologies in the workplace yet “purchase cost remains a key barrier in adopting safety technologies,” according to a report released Thursday by the National Safety Council.

Uber Technologies and Lyft agreed Thursday to adopt a $32.50 hourly minimum pay standard for Massachusetts drivers and pay $175 million to settle a lawsuit by the state’s attorney general alleging they improperly treated drivers as independent contractors who can legally receive lower compensation than employees.

The U.S. Supreme Court dealt a major blow to federal regulatory power Friday by overturning a 1984 precedent that had given deference to government agencies in interpreting laws they administer, handing a defeat to the Biden administration.

Willis Towers Watson continues to bolster its executive ranks with key hires from competitors.

Bankruptcy may become a less attractive way to resolve sprawling lawsuits after a U.S. Supreme Court ruling scuttled OxyContin maker Purdue Pharma’s Chapter 11 settlement and sharply scaled back a court's ability to wipe away legal claims against entities that have not filed for bankruptcy themselves.

Costs for medical-legal evaluations and reports used to resolve medical disputes in California workplace injury claims have increased sharply, with the average payment for a comprehensive exam up 52%, the California Workers’ Compensation Institute reported Thursday.

The 4th U.S. Circuit Court of Appeals on Thursday reversed a trial judge’s ruling that a specialty insurer was not obligated to defend a New York-based chemical company against a man’s lawsuit claiming he developed cancer from exposure to a wood preservative.