Features

Investigators Cite BP Safety Failures in Ohio Refinery Deaths

BP violated U.S. process safety rules and did not train workers properly at its Toledo, Ohio refinery, contributing to the death of two workers at the plant last year, U.S. federal investigators said. The two refinery workers died from their …

Heavier Vehicles, Distracted Drivers Impacting Claim Severity

U.S. roadways are carrying heavier, more powerful vehicles operated by motorists who are older, driving faster and more often distracted, according to CCC Intelligent Solutions’ annual Crash Course report. Each of those factors has a bearing on the frequency and …

Juul to Pay Chicago $23M for Underage Vaping Settlement

CHICAGO (AP) – Vaping company Juul Labs will pay Chicago $23.8 million to settle a lawsuit alleging the company marketed products to underage users, the city announced. The Chicago Department of Public Health will use the money for youth prevention …

The Talent Crunch Is Poised to Get Much, Much Tougher: Here’s How to Win

I recently participated in a discussion on agency challenges for a major commercial property/casualty carrier. When asked about their challenges, every single agency owner cited talent as their number one challenge. Frankly, there wasn’t much conversation about anything else. While …

Workplace Shootings Are on The Rise; Here’s How the Insurance Industry Can Respond

Tragically, active shooter incidents are on the rise across the country. According to the Gun Violence Archive, more than 100 mass shootings have occurred in the U.S. in 2023 alone. News organizations have reported that there have been more mass …

Louisiana Supreme Court Reverses, Finds No Coverage Owed for COVID Shutdown

The Louisiana Supreme Court has joined state high courts across the nation in rejecting a policyholder’s business-interruption claim for income lost because of government restrictions imposed to slow the spread of COVID-19. The high court on March 17 reversed the …

Insurer Startup Trium Cyber Finds Path to Profits, With Large Business Focus

Trium Cyber is the industry’s first Lloyd’s-approved company to provide mono-line cyber coverage for U.S. risks. Launched in January 2023, the full stack surplus lines insurer has joined the ranks of new entrants to the cyber market and those existing …

Architects & Engineers Market Sees Rising Claims Severity Amid Wave of New Projects

The construction industry continues to see a wave of new projects, creating plenty of work for architects and engineers. While design firms experience growth amid an expanding market, insurers providing architects and engineers (A/E) professional liability coverage are becoming more …

Louisiana Insurance Commissioner Donelon Won’t Seek Reelection

Louisiana Insurance Commissioner Jim Donelon announced that he will not run for reelection this fall, marking an end to 17 years as the state’s chief insurance regulator. “I’ve made that decision for two reasons: The first is to remove politics …

P/C Carriers Losing Ground to MGAs in Talent War

During a webinar about an insurance industry labor market survey, an industry recruiter said insurance carriers are losing ground to managing general agents in the war for talent. “On the property and casualty side, primarily in the commercial space, it’s …

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