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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.
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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.
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Executive moves and changes are much in the news this week. Also of note: Q1 earnings season is underway.
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Ramona Tanabe, president and CEO of the Workers Compensation Research Institute, talks about fee schedules in workers comp.
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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.
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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.
2 weeks 3 days ago
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.
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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.
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Convex Group Ltd. Thursday reported it swung to a net profit of $503.2 million, compared with a net loss of $142.2 million in 2022.
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Insurance rate increases slowed in the first quarter in several major lines, and prices fell for some specialty coverages, executives at Marsh & McLennan Cos. Inc. said Thursday, as the brokerage reported higher revenue and profit for the quarter.
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The 11th U.S. Circuit Court of Appeals on Wednesday upheld a ruling that an insurance agency and agent did not breach an agency agreement with a Hanover Insurance Co. unit by providing untimely notice of an injury suit against a client.
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James River Group Holdings Ltd. Wednesday said in a statement that it had completed the $277 million sale of JRG Reinsurance Company Ltd. to Fleming Intermediate Holdings, a portfolio company of private-equity sponsor Altamont Capital Management LP, as per order of a New York Court.
2 weeks 4 days ago
While pet insurance is meant to throw a bone to pet owners saddled with unexpected veterinarian bills, Consumer Reports found that most pet insurance subscribers are not happy.
2 weeks 4 days ago
BRP Group Inc. Wednesday released a report showing that directors and officers liability rates and retentions decreased in 2023.