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

Texas Officials Confident in Power Grid as Temperatures Plummet

State officials warned residents Wednesday to prepare their homes and vehicles for the coming freeze while trying to reassure on-edge Texans that the electric grid will stay online. Temperatures are expected to plummet Thursday into single digits β€” with even …

Louisiana Workers’ Comp Rates to Decrease 12.2% in 2023

Louisiana Insurance Commissioner Jim Donelon has approved the annual loss cost filing of the National Council on Compensation Insurance (NCCI) for a -12.2% reduction in workers’ compensation rates. The decrease, which takes effect May 1, 2023, continues the downward trend …

Storm Adds Uncertainty to Strong Holiday Travel Demand

Concerns about illness or inflation aren’t stopping Americans from hitting the roads and airports this holiday season. But a massive winter storm might. Forecasters predict an onslaught of heavy snow, ice, flooding and even tornadoes from Thursday to Saturday in …

Howden Acquires Italian TV and Film Broker Assimovie

Howden, the international insurance broker, announced it has agreed to acquire Assimovie, the leading TV, film and advertising insurance broker in Italy. The transaction underlines Howden’s continued commitment to invest in expertise by creating a Sport and Entertainment specialty for …

Women Sexually Abused by ICU Nurse Sue Colorado Hospital

Two women who say a nurse sexually assaulted them while they were unconscious in intensive care filed a lawsuit against the Colorado hospital where they were being treated, alleging the hospital’s management didn’t do enough to prevent the abuse. The …

Chinese Electric Automaker Nio Hit by Ransomware Attack

China-based Nio Inc. said on Tuesday that hackers had breached its computer systems and accessed data on users and vehicle sales, in the latest hacking incident to hit the global auto industry. The hackers had sent an email to the …

ACORD Study Highlights Drivers of High Performance Among Top U.S. Insurers

ACORD recently conducted the U.S. Value Creators Study focused on the 100 largest property/casualty insurance groups in the U.S., representing nearly 90% of premiums written and almost 100% of the industry’s market capitalization – $9.1 trillion over the 20 years …

Suits Over Carolina Cheerleader Abuse Allegations Now Include Racketeering Claims

A series of lawsuits beginning in South Carolina have detailed the alleged sexual abuse of at least 20 cheerleaders across six states. The anonymous plaintiffs have accused coaches, choreographers and others of illicit drug provision, child pornography solicitation and rape. …

Verisk to Acquire Swedish Claims Insurtech Mavera

Verisk, the global data analytics provider, has entered into an agreement to acquire Mavera, a Sweden-based insurtech firm that operates a personal injury claims management platform. Financial details of the transaction were not disclosed. This addition of the Nordics personal …

Gallagher to Acquire HR, Benefits Firm Buck For $660 Million

Global broker Arthur J. Gallagher & Co. has agreed to acquire the partnership interests of BCHR Holdings, L.P., which does business under the name Buck. Buck provides of retirement, human relations, and employee benefits consulting and administration services. The organization …