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Q&A: Louisiana Commissioner Jim Donelon on Special Session to Address Insurance Crisis
In the aftermath of Hurricane Katrina, Louisiana lawmakers created a $29 million incentive fund to lure property insurance companies to write business in the state. The Insure Louisiana Incentive Program provided grants to five insurers, who were required to match …
POSTED JANUARY 31, 2023 11:24 PM |
California Earthquake False Alarm Offers a Lesson for Crisis Communicators
An earthquake false alarm nearly four years ago can teach disaster and emergency planners – and any crisis communicators, including insurers – a thing or two about communicating to the public during following a crisis. In May 2019, an alert …
POSTED JANUARY 31, 2023 10:42 PM |
People Moves: NFP Hires Hawley as SVP in its Surety Practice
NFP Hires Hawley as Senior Vice President in its Surety Practice NFP, a New York, NewYork-based property and casualty broker, benefits consultant, wealth manager, and retirement advisor, has hired Aaron Hawley as a senior vice president in its Surety practice. …
POSTED JANUARY 31, 2023 5:47 PM |
Missouri Engineering Company Fined $198K After Fatal Electrocution
A fourth-year apprentice heating, ventilation and air conditioning technician employed by U.S. Engineering Services suffered fatal electrocution after coming in contact with energized parts while repairing HVAC equipment on Aug. 24, 2022, at University Academy, a college prep charter school …
POSTED JANUARY 31, 2023 5:32 PM |
Davies Acquires Illinois’ MVP
Davies announced the acquisition of MVP Advisory Group, LLC (“MVP”), the consulting business specializing in advisory & transformation projects for the property & casualty and life & health insurance markets. With headquarters in Chicago, Illinois, US, MVP’s insurance & technology …
POSTED JANUARY 31, 2023 5:25 PM |
Texas Power Grid Holding Up Amid Winter Storm
A dayslong winter storm warning in Texas is already disrupting travel plans and closing schools, but state officials say the power grid is holding up. According to the National Weather Service, tens of millions of people in Texas and mid-South …
POSTED JANUARY 31, 2023 5:19 PM |
U.S. Court Rejects J&J Bankruptcy Strategy for Thousands of Talc Lawsuits
A U.S. appeals court on Monday shot down Johnson & Johnson’s attempt to offload tens of thousands of lawsuits over its talc products into bankruptcy court. The ruling marked the first major repudiation of an emerging legal strategy with the …
POSTED JANUARY 31, 2023 3:33 PM |
Markets/Coverages: Combo W&H and EPL Policy From ExecutivePerils; Coalition Adds Crime and Fiduciary Coverage
Independent wholesaler ExecutivePerils announced the launch of a new insurance policy, EPL+WHIP – a product that combines wage & hour insurance protection (WHIP) coverage with employment practice liability (EPL) coverage. EPL+WHIP, available in all 50 states, was created to address …
POSTED JANUARY 31, 2023 3:26 PM |
Ranks of Quiet Quitters Climb as Layoffs Mount
Close to one in five workers has fully checked out on the job, and employees’ sense that they’re being treated fairly has plummeted, according to two new surveys that paint a dismal picture of the American workplace. The share of …
POSTED JANUARY 31, 2023 3:25 PM |
Connecticut Supreme Court Upholds Insurers in Two Covid-19 Business Loss Appeals
The Connecticut Supreme Court has upheld insurers in two cases where claims for business interruption losses blamed on Covid-19 were denied because there was no direct physical damage. One case involved healthcare facilities Connecticut Dermatology Group, Live Every Day, and …
POSTED JANUARY 31, 2023 3:04 PM |
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