Monthly Archives: <span>December 2020</span>

Missouri Employers Mutual Names Smith VP, Claims; Expands Executive Team

Tim Smith has joined Missouri Employers Mutual (MEM) as vice president of Claims. He will provide executive-level leadership to claims outcomes, strategy and initiatives. Smith comes to MEM from NORCAL Mutual Insurance Co. where he served as senior vice president …

OSHA Updates Targeted Workplaces Inspection Program

The Occupational Safety and Health Administration (OSHA) is updating its inspection program that targets its enforcement resources to establishments with the highest rates of injuries and illnesses. The Site-Specific Targeting (SST) Directive is OSHA’s primary targeting program for non-construction establishments …

Contractors Involved in California Stadium Construction Death Cited

California’s workplace safety agency has cited two companies for violations in connection with the death of a construction worker who fell from the roof at SoFi Stadium, the new home of the NFL’s Los Angeles Rams and Los Angeles Chargers. …

Lloyd’s Moves to End Insurance and Investments in Coal for Climate Sustainability

The Lloyd’s market is moving to end its insurance of coal and oil sands businesses while at the same time ceasing investments in such carbon-producing assets by Jan. 1, 2022. As part of its plan to accelerate the transition to …

Exxon Argues Massachusetts Climate Fraud Lawsuit Punishes It for Opinion

Exxon Mobil Corp. told a judge that a fraud lawsuit filed by Massachusetts last year amounts to illegal punishment for the energy giant’s views about fossil fuels, the latest twist in their bitter clash over climate change. The suit by …

First Coronavirus Business Interruption Trial Gets Underway

The owners of a restaurant in the heart of the New Orleans French Quarter are asking a Louisiana judge to order some Lloyd’s of London insurers to cover losses from the Covid-19 outbreak — the first of a growing number …

Maryland Woman Charged with Insurance Fraud After Setting Fire to Her House

After a lengthy investigation, deputies of the Maryland State Fire Marshal’s Office have charged a Caroline County woman for intentionally setting fire to her house. The fire was reported to 911 by a passer-by around 5 a.m. on June 15, …

Canada Reports 20-Year High in Overseas Investment in Insurance M&A

Canadian firms’ overseas investment in insurers hit a 20-year high this year boosted by Intact Financial’s joint agreement last month to buy British insurance group RSA for 7.2 billion pounds ($9.6 billion) and market participants expect more deals in 2021. …

Shell Fights Landmark Case Alleging Its Climate Change Stance Harms Human Rights

Royal Dutch Shell Plc is in court in The Hague for the final hearing in a landmark case that could force it to reduce its carbon footprint. The case brought by the Dutch arm of Friends of the Earth, Milieudefensie, …

Solvency II Capital Rules for Insurers Need Changing: EU Watchdog

The European Union’s capital rules for insurers need changing to reflect low interest rates and provide stronger intervention powers like banning dividends to preserve solvency during market shocks, the bloc’s insurance watchdog said on Thursday. The EU is reviewing its …