Features

Contingent Risk Insurance: What Is It and Just How ‘Risky’ Is It?

Litigation, by its very nature, is uncertain. Even the most seasoned practitioner or skilled jurist cannot guarantee an outcome or assure a result. Fortunately, however, the insurance markets have increasingly been engaged to mitigate downside exposure of litigation’s inherent uncertainty. …

Ohio State Settles More Lawsuits Over Sex Abuse by Team Doctor

Ohio State University will pay $2 million to settle more lawsuits brought by men who said they were sexually abused decades ago by now-deceased team doctor Richard Strauss, increasing the number of survivors who’ve reached settlement agreements to nearly 290. …

What It Takes to Hire Insurance Talent in Today’s Job Market

Dear Mary, Your team is in the thick of recruiting every day, not only for our open roles but for positions across the nation. I’m curious what you are seeing with: Candidate willingness (or not) to move to a new …

Families of 5 Killed in Indiana FedEx Shooting File Lawsuit

Relatives of five of the eight people who were shot and killed last year at an Indianapolis FedEx warehouse by a former employee sued the shipping giant and a security company, accusing them of negligence and failing to ensure that …

Dog-Related Claims Cost U.S. Home Insurers Nearly $900M in 2021

Dog bites and other dog-related injuries accounted for more than one-third of all homeowners liability claim dollars paid out in 2021, costing $881 million, according to an analysis by the Insurance Information Institute (Triple-I) and State Farm. The number of …

Illinois Contractor Faces $360K Fine Over OSHA Violations

A Waukegan, Illinois contractor – with a history of violating federal safety standards and ignoring safety citations – was cited again by the U.S. Department of Labor’s Occupational Safety and Health Administration (OSHA) for exposing workers to deadly fall hazards …

U.S. Trucking Downturn Foreshadows Possible Economic Gloom

Craig Fuller monitors millions of transactions between U.S. truckers and their customers as chief executive of transportation data company FreightWaves — and he does not like what he is seeing. There has been an unexpectedly sharp downturn in demand to …

Coming Soon: A Florida Special Session on Insurance. But Will it Come Soon Enough?

Florida’s governor has said he plans to call a special legislative session for some time in May, aimed at the property insurance crisis in the state. But some in the industry, while welcoming the gathering, said it may come too …

Aspen Becomes 17th Insurer to Stop Insuring Canada’s Trans Mountain Pipeline

Lloyd’s of London syndicate Aspen Insurance has decided to cut ties with the existing Trans Mountain pipeline when its current insurance policy expires this summer, according to the climate activist group, Coal Action Network. Aspen joins 16 other insurers that …

State Farm Awards ICT $40K Grant to Promote Education Programs

State Farm Insurance has awarded the Insurance Council of Texas (ICT) with a $40,000 grant to promote and develop education programs throughout the state. ICT will use the grant to grow its multiple public service and educational campaigns to inform …

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