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Alliant names agribusiness executive
Alliant Insurance Services Inc. Wednesday named Timothy Folk executive vice president, Alliant Specialty, in the firm’s agribusiness industry vertical.
US Chamber of Commerce sues FTC for ban on noncompete agreements
The U.S. Chamber of Commerce, the country’s largest business lobby, filed a lawsuit on Wednesday seeking to strike down a federal agency’s near-total ban on employers requiring workers to sign agreements not to join rivals or launch competing businesses.
Employers have stronger burden in disability claims: West Virginia court
A West Virginia Supreme Court decision Monday is poised to affect the way workers compensation disability determinations are made in comp claims.
Soccer star spars with fitness company
The former English soccer star David Beckham got bad vibrations when F45, a popular global fitness brand co-owned by the actor and entrepreneur Mark Wahlberg, allegedly didn’t pay up in their part of a contractual deal on helping to develop the brand, according to The New York Times.
Florida contractors cited after worker’s crane death
The U.S. Occupational Safety and Health Administration on Tuesday said it cited two Florida construction contractors over an October 2023 workplace death.
Contractor issued $1M in penalties over trenching hazards
The U.S. Occupational Safety and Health Administration said Tuesday that it cited a Guam residential and commercial contractor for failing to protect workers against potentially fatal trench hazards.
Property/casualty rate increases power Chubb profit
Property/casualty rates continued to increase in the first quarter while rate decreases in financial lines slowed, Chubb Ltd.’s top executive said Wednesday, after the insurer reported higher profit and double-digit premium growth.
US insurance price hikes steady; global increases slow
Average insurance rate increases in the United States rose 3% in the first quarter, the same as in the fourth quarter, with property increases slowing, casualty rate hikes accelerating slightly, and financial and professional lines continuing to fall, according to Marsh LLC’s quarterly pricing index.
Claims paid for Japan earthquake rise by 22% to $481 million
Arch Insurance names new deputy chief
WF Risk Group buys Compass Insurance Brokers
TikTok faces large fine as EU opens probe over breach of digital act
Strike likely to affect 70% of flights at major French airports
Business, worker advocacy groups spar over heat rules
A new Florida law prohibiting local governments from implementing workplace heat safety rules will likely pressure the federal government to step in and take action to protect workers, experts say.
Chubb’s Q1 profit rises on strong investment returns, underwriting
Chubb Ltd. Tuesday reported a rise in first-quarter profit, helped by higher returns from its investments and stronger underwriting.
Marsh unit to buy Top 100 broker Fisher Brown Bottrell
Marsh McLennan Agency, the small and midsized brokerage unit of Marsh LLC, said Tuesday it has agreed to acquire Fisher Brown Bottrell Insurance Inc. from Trustmark National Bank for $315.9 million in cash.
Video: The BI Interview with Scot Barton of Carpe Data
Scot Barton, chief product officer at Carpe Data, discusses the increase in fraud rings targeting the insurance sector and how to combat fraudsters.
Supreme Court leans toward Starbucks in fight with NLRB
U.S. Supreme Court justices on Tuesday signaled support for Starbucks in the coffee chain’s challenge to a judicial order requiring it to rehire seven employees at a Memphis cafe who were fired as they pursued unionization.
FTC bans noncompete agreements; business groups vow to sue
The U.S. Federal Trade Commission on Tuesday approved a rule to ban agreements commonly signed by workers not to join their employers’ rivals or launch competing businesses, which it says limit worker mobility and suppress wages.