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

Exclusive Remedy: The Scope of Protection in Illinois

Section 5(a) of the Illinois Workers’ Compensation Act provides the damages an employer must pay for work-related injuries. It specifies a worker injured in the line of duty cannot sue her employer or its other employees. That prohibition is easy …

Florida Citizens Chair Gardner Resigns, Aubuchon to Head in Interim

Christopher Gardner, chairman of the Board of Governors of Citizens Property Insurance Corp., Florida’s insurer of last resort, has resigned. Gary Aubuchon, formerly vice chair, has been appointed interim chair by Florida Chief Financial Officer Jimmy Patronis. Gardner notified Patronis …

Western Kentucky University to Develop Statewide Drought Warning System

Western Kentucky University is developing a statewide drought warning system with the help of a $200,000 federal grant. The Bowling Green Daily News reports the Kentucky Climate Center at Western Kentucky University received the two-year grant from the National Oceanic …

Unsafe Mississippi Rail Crossing Caused Fatal 2017 Bus Crash

A train crash into a tour bus that killed four in Mississippi last year stemmed from the railroad and the city failing to improve an unsafe rail crossing, federal safety regulators concluded last month. The March 2017 crash also injured …

Mississippi Supreme Court Says Privacy Suit Against Google Can Continue

Mississippi’s Supreme Court says a state lawsuit against Google alleging violations of student privacy should stay in a northeast Mississippi court. The court voted 6-2 Aug. 9 to deny an appeal by the unit of California-based Alphabet Inc. Google wanted …

People

NationsBuilders Insurance Services, Inc. (NBIS), a provider of specialty program insurance to the heavy construction industry, has added Chris Nelson as transportation program manager. Nelson will represent NBIS within the transportation industry, specifically the Specialized Transportation & Heavy Haul groups …

A Tale of Two Floridas: Hurricane Irma’s Belated Impact on Reinsurers

Reinsurers expressed different views of loss developments related to Hurricane Irma, when executives reviewed the impact of the Florida event on second-quarter earnings reports last month. Everest Re was among those negatively impacted, with a preannounced net reserve charge of …

The E-merging Risk that Keeps on E-volving: Cyber

6 Reasons Cyber Remains Top Emerging Risk Property/casualty insurance experts may not agree on everything but there is a consensus that the most important emerging risk for the industry remains the five-letter word: CYBER. It is not new, of course, …

As Cyber Insurance Market Grows, Accumulation Risk Is Key Concern: Geneva Assn.

Although cyber risk premiums have expanded sizably in recent years with loss ratios that compare favorably to other product lines, the danger of accumulation risks is a key concern for the market, according to a study released by insurance industry …

5 Ways to Put Customers First and Ice the Cake with Insurtech

I was surprised to learn I was named one of the 50 most influential people in the United States/Western Europe for Insurtech. The fact that I was the only person, I believe, listed who makes their living on their own …