At least three tankers controlled by Russian maritime powerhouse Sovcomflot that have been unable to deliver their cargoes due to Western sanctions have re-routed to the Bahamas, vessel tracking data showed on Monday. Russian state-owned Sovcomflot was blacklisted by the …
A central North Dakota farmer has pleaded not guilty to crop insurance fraud. Kent Pfaff, 58, of the Washburn area, has been released on a personal recognizance bond. U.S. District Judge Daniel Hovland on March 3 scheduled a trial to …
AM Best has upgraded the Long-Term Issuer Credit Rating (Long-Term ICR) to “bbb+” (Good) from “bbb” (Good) and affirmed the Financial Strength Rating (FSR) of B++ (Good) for the members of the Oklahoma Farm Bureau Group: Oklahoma Farm Bureau Mutual …
Russia’s size and close integration into the global aviation industry since the end of the Cold War means sanctions related to its invasion of Ukraine are having outsized consequences relative to earlier freezes on Iran and North Korea. Manufacturers, lessors, …
The Texas Supreme Court ruled that a Texas Workers’ Compensation Act (TWCA) provision for what constitutes an employee does not affect the enforceability of an additional-insured provision under the Texas Anti-Indemnity Act (TAIA). In a March 4 opinion delivered by …
US Insurers — already hammered by extraordinary losses caused by natural disasters — are also failing to raise premiums at a pace that matches an historic inflation rate, the American Property Casualty Insurance Association said Friday. APCIA said private property …
While he didn’t say that distribution of Root Insurance products through independent agents was off the table in 2022, the insurtech’s chief executive officer did say during a recent earnings call that the company is now laser-focused on embedded insurance. …
A single hour of downtime from mission-critical, third-party IT service providers can cost small and medium-sized enterprises tens of thousands of dollars, but traditional insurance often does not cover these significant losses. That’s why the founders of Parametrix Insurance came …
In a workers’ compensation case that has been called “highly unusual,” Employers Insurance Co. of Wausau has avoided having to pay for a new septic tank, a new central air system and vehicle insurance for an injured worker. The worker …
A Seattle, Washington, construction company owner is facing jail time in a case that’s holding an employer criminally responsible for a preventable worker death. Alki Construction owner Phillip Numrich was sentenced today to 45 days in jail for his role …
