Features

New California Law Expands Work Comp Role in Curbing Workplace Violence

New legislation aimed at reducing workplace violence in California vastly increases employers’ responsibilities and hands workers’ compensation insurers an unprecedented oversight role that is likely to trigger lawsuits and affect rates and capacity. The Workplace Violence Prevention Bill SB 553, …

Vehicle Complexity, Labor ‘Reshaping’ Auto Insurance and Collision Repair: Report

New technologies and rising labor costs are putting pressure on auto insurance carriers and auto repairers by making repairs more costly and increasing repair times, trends that a new report asserts are ‘reshaping’ the industries. The bottom-line message: Newer vehicles …

Shot?! Who’s Throwing Away Their Shot?

No, I’m not talking about a negligent security case. I was a little late to the party but recently had the opportunity to see “Hamilton” on Broadway. While the play showcased American history, it was easy for me to draw …

Oklahoma Sues Gas Companies for Alleged Fraud During Winter Storm Uri

Two Texas-based natural gas companies are being sued by Oklahoma, which alleges they fraudulently reduced gas supplies to send prices soaring during Winter Storm Uri making huge profits while thousands shivered across the state. The lawsuits are Oklahoma’s first against …

Texas Home Manufacturers to Pay $135K to Settle Race Discrimination Suit

Cavco Industries, Inc.; Palm Harbor Homes, Inc.; and Palm Harbor Villages, Inc., which manufacture and sell manufactured homes in Waco, Texas, will pay $135,000 to settle a race discrimination lawsuit filed by the U.S. Equal Employment Opportunity Commission (EEOC), the …

Revising the New Normal: Exploring the Future of Work for the Insurance Agent

Senator Bernie Sanders of Vermont, socialist and one-time presidential candidate, has been making headlines recently suggesting that government should mandate 32-hour work weeks for the same pay as the traditional 40-hour week. Naturally, this has been roundly criticized by many, …

Medical Marijuana Law Does Not Impair Employers’ Right to Drug-Free Workplace

A Connecticut employer has the right to terminate an employee who is impaired by medical marijuana in the workplace. The Connecticut Appellate Court on March 19 upheld the dismissal of a lawsuit brought against a nonprofit pre-school by a teaching …

Fitch: U.S. Cyber Insurers Saw Strong Profits, Slowdown in Premium Growth in 2023

The U.S. cyber insurance line generated strong direct underwriting profits for the second straight year in 2023, but written premium volume has stalled amid renewed pricing pressure, according to a Fitch Ratings analysis. For standalone cyber coverage, the direct incurred …

NCCI’s Chief Actuary Discusses Workers’ Comp Profits, Safety and Future

The workers’ compensation system overall is healthy and strong. The sector has seen long-term frequency declines for multiple decades with moderate severity of claims costs for at least the past decade. That’s according to NCCI’s chief actuary, Donna Glenn, who …

Power of the Mastermind: Part One

What is a mastermind group? A mastermind group is simply an alliance of two or more individuals dedicating themselves to a specific goal. It is a way to get all the knowledge, expertise and connections needed to achieve a goal. …

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