Monthly Archives: <span>May 2019</span>

Pennsylvania’s KMRD Partners Welcomes Back McPoyle

KMRD Partners has welcomed back Colin P. McPoyle in a new business development role. In this role, he will work to identify new business opportunities and develop relationships and strategies with organizations to reduce their cost of risk. Prior to …

OSHA Calls for Review of Machine Safety Rule in Age of Robotics

The U.S. Department of Labor’s Occupational Safety and Health Administration (OSHA) is considering an update to the rules governing the use of machines in the workplaces in light of the increasing use of robotic technology. The agency said it is …

Massachusetts’ Activer Solutions Appoints Feirer as Chief Marketing Officer

Activer Solutions, a Marlborough, Mass.-based, strategic service partner providing business process outsourcing to the property and casualty insurance industry, has appointed Ernie Feirer as chief marketing officer. This new role reflects the company’s preparation for growth, expansion of partnerships and …

Insurers Face Minimal Losses from Peru and Ecuador Earthquake: A.M. Best

A.M. Best said it does not foresee a major impact to the domestic insurance markets in Peru or Ecuador following a significant earthquake centered in Peru that also affected several provinces in neighboring Ecuador. On May 26, 2019, an 8.0 …

European Central Bank Calls for ‘Deeper Understanding’ of Climate Risks

Climate change could hit bank balance sheets with a knock-on effect on financial stability, the European Central Bank warned on Wednesday. In a special feature for its semi-annual Financial Stability Review on Wednesday, the ECB said problems will materialize if …

We Could Try to Make Insurance Easier to Read

Insurance policies are hard to read, and I don’t think that they necessarily need to be so. Some would say that we need to keep policy language intact because the language that is used in many policies has come through …

Showbiz Shows a Better Way to Pay: Insurance Industry Alert from EraNova Institute

Los Angeles, CA and Mountain Lakes, N.J., May 29, 2019 – Today the EraNova Institute issues a business alert: “Showbiz shows a better way to pay.” EraNova’s Director and author of the report, Dick Samson, says, “For non-employees in entertainment …

Texas Rubber Company Faces $530K in Penalties for Safety Violations

Federal safety officials have levied more than a half a million dollars in penalties against a Texas rubber products company for multiple workplace safety violations. The U.S. Department of Labor’s Occupational Safety and Health Administration (OSHA) cited Custom Rubber Products …

Early Cannabis Insurance Claims Experience Differs from Expectations

It’s still early, but claims experience thus far in the cannabis insurance market is encouraging, according to one leading writer. “So far, we’re optimistic that we’re going to see that our experience is going to be better than our other …

Oklahoma Says J&J ‘Deceitful’ Marketing Fed Opioid Epidemic; J&J Denies Wrongdoing

Johnson & Johnson’s greed for more sales of its addictive opioid painkillers helped create a deadly epidemic in Oklahoma that claimed thousands of lives, and the company should pay billions of dollars as compensation, the state’s top law-enforcement officer told …