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CCC: Severe Weather Impacting Collision Repair, Auto Insurance

The auto insurance and repair industry must “adapt to new patterns and prepare for an unpredictable future,” according to the Crash Course Q2 2024 report released by CCC Intelligent Solutions Inc., a P/C cloud platform provider. The latest report focuses …

Cancer Victims Lose Bid to Block Proposed J&J Talc Bankruptcy

A federal judge on Friday rejected a bid by a group of cancer victims to block Johnson & Johnson from pursuing a proposed bankruptcy settlement of tens of thousands of lawsuits alleging the company’s baby powder and other talc products …

NYC Has the World’s Worst Traffic Congestion, Costing $9 Billion

New York City is the world’s most-congested urban area for the second year in a row, costing the city an estimated $9.1 billion in lost time, a new report shows. A typical motorist driving through the most populated city in …

Changes at American Coastal Insurance After Florida OIR Action on ‘No-Fly List’

Florida regulators’ effort to enforce a 2002 state law and keep insolvent insurers’ officers out of carrier leadership roles appears to be a reason behind a significant shakeup at St. Petersburg-based American Coastal Insurance Corp. An official with Florida’s Office …

Insurer Can’t Rescind Workers’ Comp Policy, Even With Misrep, MS High Court Says

An insurer cannot rescind a workers’ compensation policy, even in the case of a material misrepresentation that could led to millions of dollars in benefits payments, the Mississippi Supreme Court decided last week. The Mississippi Workers’ Compensation Act governs all …

Florida Law Means Time Is of the Essence on Construction-Defect Subro Actions

Florida Senate Bill 360 became law on April 13, 2023. It significantly reduced the time Florida’s statute of repose and statute of limitations give plaintiffs – including subrogating insurers – to bring civil actions regarding the design, planning, or construction …

Are Employers Prepared for California’s Workplace Violence Prevention Law?

California’s Workplace Violence Prevention Senate Bill 553, which is now in effect (July 1), requires businesses with exposure in the state to implement robust workplace violence prevention plans. SB 553, which modifies an existing California labor code, gives the state’s …

Report: Combined California Workers’ Comp Losses and Expenses Down in 2023

Total insurer combined losses and expenses incurred in 2023 were down, a new report shows. The Workers’ Compensation Insurance Rating Bureau of California released its report on workers’ compensation losses and expenses for 2023. Findings in the WCIRB report, 2023 …

People Moves: Higginbotham Promotes Russell to President, Private Client Services

Higginbotham announced the promotion of long-time executive team member and former Chief Operating Officer, Personal Insurance Mary Russell to the position of President, Private Client Services. This move marks the final division of the president title that Higginbotham Chairman and …

Texas Health System Loses COVID-19 Business Interruption Suit – 5th Circuit

A Texas nonprofit health system who purchased a specialized commercial property insurance policy is not covered for business interruption losses caused by COVID-19, a 5th Circuit Court of Appeals panel ruled, relying on existing precedent that COVID-19 does not physically …

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