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Howden acquires Irish insurance broker
Pakistan declares emergency in southwest amid heavy rains, floods
Larger minimum wage increases could spur automation, hurt comp
It remains to be seen how California’s $20-an-hour minimum wage for fast-food workers will affect the workers compensation industry, as the nearly 25% hike could drive up premiums in the near term due to higher payrolls but also could lead to more automation, experts say.
Video: The BI Interview with Dave Lewison of Amwins
Dave Lewison, executive vice president at Amwins, discusses how recent conflicts have affected cyber risks and how artificial intelligence is being used by both cyber security professionals and the criminals they are seeking to thwart.
Ex-chiropractor sentenced to 54 years, fined $23M in comp fraud
A former California chiropractor was sentenced Friday to 54 years in state prison and ordered to pay more than $23 million in fines for his role in a $150 million workers compensation fraud scheme, authorities announced Monday.
Aspen, PIMCO create Bermuda-domiciled Pando Re
Aspen Insurance Holdings Ltd. and PIMCO Investment Management Co. LLC on Tuesday said they had formed Pando Re Ltd., a Bermuda-domiciled collateralized insurer and reinsurer focused on casualty business.
Texas eliminates ‘overly burdensome’ comp insurance paperwork
The Texas Department of Insurance’s Division of Workers’ Compensation on Tuesday announced changes to its rules that it says eliminates “overly burdensome administrative regulations that (insurance) companies must adhere to in order to demonstrate the sufficiency of their (Accident Prevention Services).”
DOL issues final mine safety rule on silica dust hazards
The U.S. Department of Labor said Tuesday that its Mine Safety and Health Administration has issued a final rule designed to better protect miners from hazards associated with exposure to respirable crystalline silica, a known carcinogen.
Wisconsin lawmakers vote down vaccine injury presumption, PTSD bills
Wisconsin lawmakers voted down a bill that would have created a rebuttable presumption of compensability for workers injured by employer-mandated vaccines.
CRC to move Insuretrust from Starwind to wholesale brokerage division
CRC Group on Tuesday said it would move specialty brokerage Insuretrust into CRC’s wholesale brokerage division from Insuretrust’s current home in Starwind, CRC’s specialty programs division.
Workers with financial incentive more likely to step up
Companies that want a healthy workforce may want to show ‘em the money, according to research that found when workers were paid to walk for exercise they were more likely to adhere to a step program.
Strikes cost Lufthansa over $372 million in first quarter
Howden Re International names new deputy chief
Thai general insurance sector to see more M&As
Litigation likely to flow from EPA’s latest ‘forever chemicals’ regulation
The U.S. Environmental Protection Agency’s recent establishment of safe levels of so-called forever chemicals in drinking water will likely lead to litigation between organizations and their insurers to potentially recover costs for updating municipal water supplies, experts say.
Nominations for Innovation Awards, USIA extended
Due to numerous requests, the nomination deadline for the Business Insurance 2024 Innovation Awards and the U.S. Insurance Awards has been extended to April 30.
Florida contractor cited following heat-related death of farmworker
The U.S. Occupational Safety and Health Administration said Monday that it cited a Florida contractor following the September 2023 heat-related death of a sugar cane farm worker.
DeSantis signs legislation prohibiting local workplace heat protections
Florida Gov. Ron DeSantis signed legislation Thursday that prohibits municipalities from requiring employers to institute local workplace heat protections.
Parametrix, Hannover Re partner on cloud outage ILS cover
Parametrix Insurance Services LLC on Monday said it had teamed with Hannover Re SE to launch Cumulus Re, a privately placed insurance-linked security providing cover for losses arising from sustained cloud outage.