Yearly Archives: <span>2023</span>

$930M to Curb Western U.S. Wildfires Crisis

The U.S. is directing $930 million toward reducing wildfire dangers in 10 western states by clearing trees and underbrush from national forests, the Biden administration announced in late January, as officials struggle to contain infernos made worse by climate change. …

Florida Adjusters Say No Response From State Officials After They Alleged that Insurers Have Doctored Their Damage Reports

Almost two months after three independent adjusters told Florida lawmakers that insurance carriers have frequently doctored their damage assessment reports, the men said they’ve had no contact from state agencies about the allegations. And they’re now disputing assertions from state …

Wisconsin Barley Supplier Fined $174K for Exposing Workers to Hazards

A Wisconsin company that supplies malt barley to major craft breweries, home breweries, and other spirit and food production in the Midwest has again been found exposing employees to dangerous workplace hazards by federal safety inspectors. The U.S. Department of …

Closed Ill. Plant’s Ex-Operator Settles Suits for $408M

The former operator of a suburban Chicago medical equipment cleaning plant has agreed to pay $408 million to settle hundreds of lawsuits alleging that the now-shuttered facility exposed residents to a toxic industrial gas and caused illnesses. Sterigenics announced that …

Geico Saves $5.2M as Award to Woman Who Contracted STD in Car Is Overturned

Geico is off the hook, at least for now, from paying a Missouri woman $5.2 million because she said she contracted a sexually transmitted disease in the car of a man who is insured by the company. The Missouri Supreme …

What Ancient Roman Firefighting Can Teach Us About the State of Commercial Insurance Today

There are rare moments in one’s professional life when you can take what you were taught in childhood into present-day learning. I’m thinking back to my 8th-grade Ancient Roman history class, where I learned information that I had thought would …

Declarations

California Storm “You never think something like this is going to happen to you. It’s been quite shocking and traumatizing.” — Sacramento, California, resident Niki Goffard’s home was damaged by one of more than 1,000 trees that fell in Sacramento …

The Infrastructure Crisis: As Business Losses Mount, New Demand for Utility Coverage?

When aging water pumps in Jackson, Mississippi, were shut down by floodwaters last August, knocking out water service to most of the city, companies that depend on clean water saw many of their customers and their revenue disappear overnight. Most …

Risk Management in the Metaverse

For many, the “metaverse” sounds like some obscure sci-fi fantasyland. You may be asking, where is it? How does one get there? Well, if you’re reading this article on a screen, you are already scratching the surface of what could …

My New Markets

Workers’ Compensation Market Detail: Normandy Insurance Co. offers workers’ compensation coverage in 14 states. The company said it is committed to delivering excellence in workers’ compensation insurance to both agents and policyholders through strong agent partnerships; financial strength including A++ …