Monthly Archives: <span>April 2022</span>

Why Political Risk Coverage Is Needed Now

Seemingly endless machinations of the Russian leadership affecting Ukraine and its citizens have prompted multiple Western-based businesses to shut down, suspend or greatly curtail their Russian operations as part of their sanctions and in solidarity with the Ukrainian people. More …

Employers Adapting to New World of Worries

Insurers Seek Policies on Diversity, Pay Equity, Social Media, COVID, Even Facial Scans The past few years have been filled with newer exposures when it comes to employment practices liability insurance (EPLI). Along with significant disruptions in workplaces due to …

Will Companies Exiting Russia Be Able to Recoup Losses With Insurance?

Hundreds of companies have said they are withdrawing or suspending operations in Russia after its invasion of Ukraine, from energy producer Shell Plc to carmaker Hyundai Motor Co. to PwC, a global professional services firm. The following is a look …

How Talent Chiefs Led Through the Pandemic

For insurance leaders tasked with managing their organization’s human capital, the COVID-19 pandemic presented myriad challenges around employee safety and wellness, and transformed their workplace responsibilities in ways they never anticipated. From navigating the shift to fully remote work, to …

Consumer Group Demands Probe After New York Times Reports on Alleged Bias at State Farm

A national consumer rights group in late March called on state insurance commissioners to investigate racial bias in claims handling after the New York Times reported on discrimination lawsuits filed against State Farm by a Chicago policyholder and a former …

Drones in Agriculture and More

Drones have become big business in the world of aviation. Today, drones represent the fastest-growing segment in transportation, with more than 853,000 drone registrations and more than 270,000 certified pilots at year-end 2021, according to the Federal Aviation Administration. Certain …

How AI Can Help Agents, Brokers and Insurers Build Empathy

Empathy isn’t a word small business owners typically associate with insurance companies. But that doesn’t mean empathy isn’t important to policyholders. Quite the opposite: Empathy demonstrated by agents/brokers and insurers can have a profoundly positive effect on overall customer satisfaction …

Declarations

Greater Consensus “With this agreement in place, we have even greater consensus as we progress toward confirmation.” — The Scouts said in a statement regarding a settlement with members of a committee representing 10 Catholic dioceses and archdioceses, and the …

Sixth Circuit Sides With Distributor in Ohio Opioid Lawsuit Jurisdiction Dispute

An Ohio district court correctly granted a pharmaceutical distributor’s motion to remand to state court a case regarding whether its insurer must provide defense in ongoing opioid litigation, the U.S. Court of Appeals for the Sixth Circuit ruled. In a …

Washington Court Grants Extended Stay of Insurance Commissioner’s Credit Scoring Ban

A judge in Washington has signed an order formally staying the Washington Insurance Commissioner Mike Kreidler’s ban on using credit ratings to help set insurance premiums on vehicle, rental and homeowners insurance. The order consolidated two cases into Judge Indu …