Monthly Archives: <span>May 2018</span>

Texas Governor: Harris County Can Hold Flood Control Bond Election

Texas Gov. Greg Abbott has granted Harris County’s request to hold an August special election in which residents could be asked to approve as much as $2.5 billion to finance critical flood-control projects. The county was the hardest hit by …

Alera Group Acquires Oklahoma’s Benefit Plan Strategies

Alera Group, a national employee benefits, property/casualty, risk management and wealth management firm based in Deerfield, Illinois, has acquired Benefit Plan Strategies (BPS), headquartered in Tulsa, Oklahoma. Alera Group’s announcement said BPS utilizes innovative technologies to provide each client with …

Everest Insurance Adds Micheff to Excess Casualty Team in Chicago

Michael Micheff has joined Everest Insurance in Chicago as director and senior underwriter within the Excess Casualty division of Everest Specialty Casualty. He will be handling the Midwest territory of the United States. Micheff joins Everest from Liberty Mutual Insurance, …

Ohio Looking at Increased Oversight of Amusement Park Rides

State lawmakers will consider whether to increase oversight of carnival rides, including hiring more inspectors, following a deadly accident at the Ohio State Fair that flung riders onto the midway. The proposed changes also call on the state to look …

Paid Workers’ Comp Claims in Minnesota Drop by Half Over 2 Decades

A recent report shows the number of paid workers’ compensation claims in Minnesota fell 54 percent relative to the number of full-time-equivalent (FTE) employees from 1996 to 2016. The 2016 Minnesota Workers’ Compensation System Report released by the state’s Department …

Drugs in Workforce at Highest in Decade But Opiates Decline: Quest Diagnostics

Drug use by the American workforce remains at its highest rate in more than a decade, driven by increases in cocaine, methamphetamine and marijuana. However, prescription opiate positivity rates have declined. Nationally, the positivity rate for the combined U.S. workforce …

Coffee in California to be Paired With Cancer Warnings

Starbucks Corp. and other roasters and retailers must serve up a cancer warning with coffee sold in California, a Los Angeles judge has ruled. Superior Court Judge Elihu Berle in a ruling published on Monday said that Starbucks and other …

Insurers See Some Obstacles to Expanding Use of Advanced Analytics

Property/casualty insurers in the U.S. have big plans to boost their use of advanced analytics and data in their businesses in multiple ways, but there are potential roadblocks, according to a new Willis Towers Watson survey. Approximately 83 percent of …

Cyber Insurance Startup At-Bay Secures $13 Million in Funding

California-based At-Bay, a digital cyber risk monitoring and insurance firm, reports it raised $13 million in Series A funding, bringing the start-up’s total funding to $19 million. At-Bay is developing what it calls a “proactive cyber security monitoring service” and …

Shareholders to Decide If AIG CEO Should be Paid $43 Million

American International Group Inc. faces an uphill climb to convince shareholders to approve a $43.1 million pay package for Chief Executive Officer Brian Duperreault during the company’s annual meeting on Wednesday. Two influential proxy advisory firms, International Shareholder Services (ISS) …