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Extreme Drought in U.S. Prompts Emergency Crop Insurance Procedures

Responding to extreme drought conditions in parts of the country, the U.S. Department of Agriculture (USDA) is authorizing emergency procedures to help agricultural producers. USDA’s Risk Management Agency (RMA) is working with crop insurance companies to streamline and accelerate the …

Wisconsin Metal Fabricating Plant Faces $216K in OSHA Penalties

A Milwaukee, Wisconsin, metal fabricating facility continues to put its workers’ safety and health at risk, federal safety officials say. The U.S. Department of Labor’s Occupational Safety and Health Administration said two 2020 inspections identified dangerous machine and noise hazards …

California Lawsuits Say Pesticide Caused Kids’ Brain Damage

Lawsuits filed in California seek potential class-action damages from Dow Chemical and its successor company over a widely used bug killer linked to brain damage in children. Chlorpyrifos is approved for use on more than 80 crops, including oranges, berries, …

Judge Approves $73M Payout to Alleged UCLA Doctor Sex Victims

A federal judge has given final approval to a $73 million settlement of a lawsuit that alleged some 6,000 women were sexually abused by a former University of California, Los Angeles gynecologist. The 2019 class-action suit involved allegations that from …

Beazley Renews Capacity Support for Spring Partners’ Financial Institutions Business

Spring Partners, the London-based managing general agency platform, announced that insurer Beazley has renewed its capacity support for Spring’s financial institutions business for another 12 months from July 1, 2021. Financial details of Beazley’s capacity provision were not disclosed. “The …

Individual Results of Climate Stress Tests Should Not Be Disclosed: Oversight Group

Climate change financial ‘stress tests’ will need to be improved with better data and modeling, a new paper by a global oversight body has recommended, but potential losses at individual banks or insurers should not be publicly disclosed. The report …

Flash Flooding Swamps Parts of Pennsylvania, New Jersey

Parts of Pennsylvania and New Jersey on Tuesday were facing another round of rain one day after they were swamped by a series of storms that the National Weather Service said caused a rare flash flood emergency. According to forecasters, …

Elsa Soaks New York City and New England As It Races Up East Coast

The fast-moving storm Elsa lashed New York City and New England with heavy rain and high winds Friday, flooding streets, toppling trees and hindering some rail service. Maximum sustained winds from the storm were 50 mph by late afternoon as …

Omaha National Announces It’s Expanding Coverage to New York

Omaha National, a provider of workers’ compensation insurance, has announced it is expanding coverage to New York. By combining proprietary insurtech software with hands-on underwriting and claims management, Omaha National has achieved a low loss ratio since being founded in …

Burns & Wilcox Brokerage Opens Massachusetts Office, Adds Five in Northeast

Burns & Wilcox Brokerage, a business unit of H.W. Kaufman Group solely dedicated to complex wholesale property/casualty brokerage, has opened its newest office in Boston, Massachusetts, and added five brokers to its growing Northeast team. Cooper O’Connor, Brian Sullivan and …

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