Latest Business Insurance Headlines
All the headlines from our Business Insurance Topic Page, ordered by recency.
Wisconsin Foundry Faces $200,000 in Fines Over Workplace Injuries
Nov 10 2021 // Recent federal safety inspections of a northern Wisconsin foundry determined workplace safety failures caused two workers to suffer severe injuries. The business faces a proposed $200,895 in penalties. In May, a worker at...
OSHA Unveils Details of Workplace Vaccine Mandate Rule with Deadline After Holidays
Nov 4 2021 // The nation’s workplace safety agency will officially publish tomorrow emergency guidelines for companies that must implement President Biden’s mandatory vaccine policy for employees. The policy covers employers...
Canada Employers Shed Unvaccinated Workers With Legal Challenges Expected
Nov 4 2021 // OTTAWA – Canadian employers are firing or putting on unpaid leave thousands of workers who refused to get COVID-19 shots, squeezing an already tight labor market and raising prospects of potentially disruptive legal...
WTW’s Smith to Lead Chaucer’s Marine Specialty Division; NFP Names Beauchamp VP Commercial Lines; Insurtech BOXX Hires Steptoe as Global Chief Product Officer
Nov 2 2021 // This edition of International People Moves details appointments in at insurer Chaucer (in the UK), the broker NFP (in Quebec) and the insurtech BOXX (in Switzerland). A summary of these new hires follows here Chaucer...
Global Commercial Insurance Rates Rise 15% in Q3 as Moderation Continues: Marsh
Nov 1 2021 // Global commercial insurance prices increased 15% in the third quarter of 2021, which was the same rate of increase recorded in the previous quarter, according to the Global Insurance Market Index released by insurance...
Striking McDonald’s Workers Protest Alleged Workplace Harassment, Violence
Oct 29 2021 // McDonald’s workers in 12 U.S. cities walked off the job Tuesday to protest what they say is an ongoing problem of sexual harassment and violence in the company’s stores. Several hundred workers were expected to...
Commercial Liability Insurers Face Growing Number of False Claims Act Cases
Oct 26 2021 // A growing number of False Claims Act investigations combined with recent court decisions that found insurers liable for the cost of settlements may spell trouble for commercial liability insurers. Policyholder attorney...
Global Commercial Insurance Rates Rise 15% in Q3 as Moderation Continues: Marsh
Oct 26 2021 // Global commercial insurance prices increased 15% in the third quarter of 2021, which was the same rate of increase recorded in the previous quarter, according to the Global Insurance Market Index released by insurance...
Large Private Employer Coalition Creates Pharmacy Benefit Management Firm
Oct 25 2021 // A nonprofit coalition of nearly 40 private employers, including U.S. retailers Walmart and Costco, said on Monday it has launched a new company that would offer pharmacy benefit management (PBM) services for...
Employers in Qatar to Be Required to Provide Health Insurance for Expatriates
Oct 22 2021 // DOHA – Employers in Qatar will be required to provide health insurance coverage for expatriates and their families under a new law issued by the emir this week, a senior Qatari official said on Thursday. The huge number...
3 States Could Lose Their Workplace Safety Authority for Refusing COVID Rules
Oct 21 2021 // The Biden administration threatened Tuesday to revoke the authority for three Republican-controlled states to handle their own workplace safety enforcement because they have refused to adopt rules to protect health care...
Unvaccinated Employees Risk Job Losses as Employer Mandates Take Effect
Oct 20 2021 // Thousands of unvaccinated workers across the United States are facing potential job losses as a growing number of states, cities and private companies start to enforce mandates for inoculation against COVID-19. In the...
Illinois Construction Contractor Cited for Workplace Hazards; Fined $229.7K
Oct 15 2021 // For the sixth time in seven years, a federal workplace inspection has found a Roselle, Illinois, construction contractor putting workers at risk of serious injury or death by defying federal requirements to ensure the use...
Texas Governor’s Vaccine Mandate Ban ‘Puts a Big Burden on Employers’
Oct 13 2021 // Companies doing business in Texas now face new and complicated challenges after Gov. Greg Abbott this week banned COVID-19 vaccine mandates for all entities in the state — including private businesses — for employees...
Verisk Using AI to Gain Underwriting Insights From Yelp Reviews of Small Businesses
Oct 8 2021 // Global data analytics provider Verisk is leveraging artificial intelligence and image analytics to generate underwriting insights for small business insurers from more than 200 million reviews on Yelp, the company...
Jury Orders Tesla to Pay $130M to Former Worker Over Racially Hostile Workplace
Oct 5 2021 // A federal jury on Monday has ordered Tesla Inc to pay more than $130 million in damages to a Black former worker, finding he was subjected to a racially hostile work environment, the Wall Street Journal reported. The jury...
Beyond the Headlines: Workplace Violence and Workers’ Compensation Claims
Oct 4 2021 // Whenever a legal dispute arises as to insurance coverage, the court will evaluate policy language to determine if a specific cause of loss constitutes a covered event under the terms of that policy. When workers’...
Middle Market Firms Miss Out on Agents as Risk Management Resource: Survey
Oct 4 2021 // Many middle market companies are failing to use a key risk management resource: their insurance agents and brokers. According to a survey sponsored by insurer Chubb, only 15% of middle market companies rely heavily on an...
People Moves: Risk Strategies Names Schmidt West Commercial Lines Leader; Lockton Names McGrath VP in California
Oct 1 2021 // Risk Strategies named Jim Schmidt as commercial lines leader for the West region. Schmidt will be responsible for building a regional strategy for the commercial property/ casualty business unit. Schmidt has more than 25...
Middle Market Firms Miss Out on Agents as Risk Management Resource: Survey
Sep 27 2021 // Many middle market companies are failing to use a key risk management resource: their insurance agents and brokers. According to a survey sponsored by insurer Chubb, only 15% of middle market companies rely heavily on an...
