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Oklahoma Court: Tort Reform Law Allows Lawsuit Against Employer

Jerry Harwood couldn’t collect workers’ compensation benefits after he was paralyzed when he was struck by a car while trying to cross US Route 66 after leaving his workplace. But a split decision by the Oklahoma Supreme Court gives him …

U.S. Supreme Court Refuses to Hear COVID Business Interruption Case

The U.S. Supreme Court decided on June 6 that it will not hear an appeal of a decision that denied coverage for losses caused by COVID-19 shutdown orders, effectively closing the last door for such claims in the federal court …

24th Woman Brings Suit Against NFL QB Deshaun Watson

A 24th woman filed a civil lawsuit alleging sexual misconduct by Cleveland Browns quarterback Deshaun Watson, who is also awaiting possible discipline from the NFL. The latest lawsuit was filed in Houston by attorney Tony Buzbee, who is representing all …

Retirement Planning via Partner Buyouts

Baby boomers are retiring sooner rather than later. In fact, by 2030, all baby boomers will have turned 65, which adds up to some 75 million potential retirees. Many put their life’s work into building sustainable businesses, including insurance firms. …

Insurers, Self-Insureds Facing $9 Billion in Black Lung Liabilities

The U.S. coal industry may be shrinking rapidly as the country shifts to renewable energy, but insurers’ and self-insured companies’ liabilities for black lung occupational disease claims have ballooned – to an estimated $9 billion and perhaps more than $14 …

The Ingredients Needed to Perfect the GSI Recipe in the Lloyd’s Market

Thirty years ago, when you baked a cake for a kid’s birthday party, it was most likely from a box — just add oil, water, and maybe an egg. No heavy lifting required. But times, and people, have changed. Today, …

Medical Professional Liability Insurance Market Improves but Still Unprofitable

The U.S. medical professional liability insurance (MPLI) market saw an improvement in financial performance in 2021 but its combined ratio remained an unprofitable 108 and a return to profitability is unlikely, said Fitch Ratings. Fitch said it expects results to …

Future Profit Models for Insurers and Their Agent/Broker Partners

I read an article written by a former carrier CEO who is now a consultant and private equity backer to insurance ventures. The main point of the article was that insurtech, or any paradigm shifting insurance entity, will not really …

FEMA Pushing for Stronger Building Codes Nationwide

Federal officials have announced a new initiative to modernize building codes across the country so that communities can be more resilient to hurricanes, flooding, wildfires and other extreme weather events that are intensifying due to climate change. Deanne Criswell, the …

Study Links Chiropractic Care to Lower Costs, Faster Return to Work

Chiropractors are involved in only a small fraction of workers’ compensation claims for low back pain in states where insurers or employers control the choice of medical provider, but a recently released report suggests that skepticism about runaway costs may …

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