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MNK Group buys Costa Rican insurer
Heavy rains kill over 80 in Pakistan
Cannabis-related firing suit improperly dismissed: Appeals court
A Pennsylvania appellate court on Friday reversed the dismissal of a lawsuit by a former refuse worker who claimed his cannabis-related firing was improper because he possessed a valid medical marijuana card.
US designates PFAS chemicals as Superfund hazardous substances
The U.S. Environmental Protection Agency on Friday designated a pair of widely used industrial chemicals as hazardous substances under the country’s Superfund program, accelerating a crackdown on toxic compounds known as “forever chemicals.”
Comp claimants attorney improperly awarded legal fee ‘multiplier’: Court
A trial judge improperly applied a contingency fee multiplier that resulted in increased attorneys fees awarded to a claimant’s lawyer in a workers compensation case, a Florida appellate court ruled Friday.
Battle of the airport names takes off in Bay Area
The city of San Francisco is suing the nearby city of Oakland over the latter’s plan to modify its airport name to include “San Francisco,” arguing that the proposed name infringes on its trademark and would “cause confusion and chaos,” according to ABC News.
Zurich ordered to pay $80 million in suit over employee incentives
Three former managers in a workers compensation department in Zurich North America’s Rancho Cordova, California, branch have been awarded a total of $80,252,412 in compensatory and punitive damages by a jury that found the company had wrongfully terminated them for taking unofficial paid time off, according to the firm that represented them.
Zurich North America shuffles middle-market leadership
Zurich North America this week reassigned responsibilities among three of its senior middle-market executives.
Broker M&As slow in first quarter
Mergers and acquisitions among insurance brokers and agents declined 18% in the first quarter, falling to the lowest level of deals since the beginning of the COVID-19 lockdowns in 2020, according to a report released Friday by Optis Partners LLC.
Cal/OSHA cites construction company over fatal trench collapse
The California Occupational Safety and Health Administration said Thursday it fined a construction company $371,100 following a worker’s death in a trench collapse at a San Francisco job site in September 2023.
AI not a ‘substitute,’ but can benefit insurance industry: Experts
The insurance industry is poised to benefit from the use of artificial intelligence, but adopters of the technology must stay vigilant against misuse and keep up to date on regulatory developments, experts said during a roundtable discussion on Thursday.
The BI Top 10: Week of April 15, 2024
Executive moves and changes are much in the news this week. Also of note: Q1 earnings season is underway.
Taiwanese chipmaker expects over $92 million in losses due to quake
UAE flash floods likely to be manageable for insurers
Video: Comp Spotlight with Ramona Tanabe of WCRI
Ramona Tanabe, president and CEO of the Workers Compensation Research Institute, talks about fee schedules in workers comp.
Omaha National acquires, renames Sutter Insurance
Workers compensation insurer Omaha National Group Inc. announced Wednesday it acquired Sutter Insurance Co., a California-domiciled insurer, and renamed it Omaha National Casualty Co.
Axis hires former Argo E&O leader
Axis Capital Holdings Ltd. Thursday named former Argo Group International Holdings Inc. professional liability underwriter Pauline Morley as head of errors and omissions insurance for the United States.
EEOC says convenience store unlawfully uses criminal history to deny jobs
The U.S. Equal Employment Opportunity Commission said in a discrimination lawsuit filed Wednesday that convenience store Sheetz Inc. and its related entities wrongfully deny employment to Black, American Indian, Alaska Native and multiracial applicants based on their criminal justice histories.
Size matters in Texas
The beers at a movie theater in Texas are not so big, according to a lawsuit filed against Cinemark by a moviegoer in Dallas claiming the theater’s 24-ounce beers are poured into 22-ounce cups.