July 18, 2022
Payments for medical-legal services used to resolve medical disputes over compensability issues in California work injury claims have risen sharply under the new Medical-Legal Fee Schedule that took effect last year, a new report shows. The report from the California …
July 18, 2022
The cost of buying insurance protection against mass shootings has spiked more than 10% in the United States this year following a string of deadly events, insurers said. The United States witnessed 293 mass shootings so far this year, according …
July 18, 2022
A new study from the Washington State Department of Natural Resources shows a tsunami triggered by a major earthquake beneath Puget Sound would arrive at Seattle shores sooner and reach farther inland than previously thought. Models showed a tsunami following …
July 18, 2022
For the first time since 2017, the calendar-year combined ratio for the property/casualty industry will eclipse 100 in 2022 due to inflation, according to S&P Global Market Intelligence. “We expect that growth rates in the commercial lines will pull back …
July 18, 2022
The Massachusetts Supreme Judicial Court has ruled that attorney’s fees from a consumer protection lawsuit are not covered as part of bodily injury damages under a business liability policy, reversing a lower court that had found they were covered. Attorney’s …
July 18, 2022
I know a thing or two about helping agencies grow. In fact, I’ve helped hundreds of entrepreneurs create independent insurance agencies. From this experience, I’ve learned growth is a fairly straightforward proposition — at least from the early days up …
July 18, 2022
New York’s attorney general says Teva Pharmaceutical Industries Ltd. lied to evade accountability for helping fuel the state’s opioid crisis, and should be restored to litigation where the Israeli company’s U.S. unit had been found liable. In a court filing, …
July 4, 2022
Flooding is the most pervasive among natural disasters. According to the Zurich Flood Resilience Alliance, floods affect more people globally than any other type of natural hazard and cause some of the largest economic and human losses. As highlighted by …
July 4, 2022
A company that transferred $1.3 million from a client’s payment fund in response to emailed requests from a hacker has lost its bid for insurance to cover the loss. Pennsylvania-based Construction Financial Administration Services (CFAS) argued that the money error …
July 4, 2022
The U.S. Supreme Court on June 27 made it harder for prosecutors to win convictions of doctors accused of running “pill mills” and excessively prescribing opioids and other addictive drugs, by requiring the government to prove that defendants knew their …