American International Group (AIG) said Christopher Flatt, currently head of AIG North America alternative channels, has been named global chief underwriting officer, effective immediately. Flatt also held the the position of interim CEO of managing general underwriter Private Client Select …
The California Division of Occupational Safety and Health cited Safeway $182,000 in proposed penalties for safety violations that reportedly put roughly 1,700 workers at risk of serious injuries at the company’s warehouse in Tracy, their largest facility in the nation. …
Cal/OSHA Says Safeway Exposed Workers to Hazardous Conditions at Largest Warehouse Read More »
If insurance carriers want to have dibs on a company’s assets as premium security or collateral, they had better specify that those assets include potential tort-claim settlements, a federal appeals court said Wednesday. In a case that involved a Florida …
Collateral Agreement Didn’t Mention Tort Claims, Cutting SUNZ Out of BP Funds Read More »
The wildfires sweeping through Los Angeles are unlikely to trigger significant losses for catastrophe bonds designed to capture such risks. Roughly 12% of the $50 billion cat-bond market is currently exposed to wildfire risk, according to Florian Steiger, chief executive …
Catastrophe Bond Funds Say They’ll Dodge Losses as LA Fires Rage Read More »
Meta Platforms used pirated versions of copyrighted books to train its artificial intelligence systems with approval from its CEO Mark Zuckerberg, a group of authors alleged in newly disclosed court papers. Ta-Nehisi Coates, comedian Sarah Silverman and other authors suing …
Meta Knew It Used Pirated Books to Train AI, Authors Say Read More »
Despite all the attention on technologies that reduce the hands-on role of humans at work – such as self-driving vehicles, robot workers, artificial intelligence and so on – researchers in the field of neuroergonomics are using technology to improve how …
Brain Monitoring: It Could Improve Employee Performance or Worsen Discrimination Read More »
AM Best has upgraded the Financial Strength Rating (FSR) of Reno, Nevada-based Employers Holdings Inc.’s subsidiaries to A (Excellent) from A- (Excellent) and their Long-Term Issuer Credit Ratings (Long-Term ICR) to “a” (Excellent) from “a-” (Excellent). Concurrently, AM Best upgraded …
AM Best Upgrades Financial Strength Ratings for Employers Holding Subsidiaries Read More »
The Nevada Division of Insurance’s Consumer Services section recovered $9.4 million for Nevada consumers during 2024, the division announced this week. The Consumer Services team processed a significant number of consumer complaints, successfully closing 4,194 complaint cases in 2024, according …
Nevada Division of Insurance Recovered $9.4M in 2024 Read More »
The New Jersey Supreme Court recently ruled that an insurer had no duty to defend an insured employer against an injured employee’s personal injury lawsuit alleging negligence and intentional harm. The high court found that Hartford Underwriters Insurance Co. was …
Insurer Upheld in Declining to Defend Employer Against Injured Worker’s Lawsuit Read More »
Massachusetts Governor Maura Healey recently signed legislation increasing the minimum coverage limits of auto insurance for some mandatory coverages. These new limits will apply to policies issued or renewed on or after July 1, 2025: Bodily Injury Coverage increases from …
Massachusetts to Hike Some Mandatory Auto Insurance Coverage Limits in 2025 Read More »
