Monthly Archives: <span>April 2024</span>

Berkley CEO: Property E&S Momentum Slows but ‘Some More Hay’ to Be Made

When it comes to observations of the excess and surplus lines market, there is a difference between the momentum of liability and property lines, said W.R. Berkley CEO W. Robert Berkley, Jr. Addressing some talk that has painted a picture …

Oakbridge Adds Strawn & Co. in Georgia

Atlanta-based OakBridge Insurance Agency has continued its rapid expansion with the acquisiton of Strawn & Co., headquartered in McDonough, Georgia, south of Atlanta. Strawn is one of the Atlanta area’s oldest and largest independent insurance agencies and has been in …

Workers’ Comp Apportion Evals Must be Well-Reasoned, WV Supreme Court Says

West Virginia law, like statutes in a number of states, allows employers to try and apportion contributions to a worker’s injury, including how much a pre-existing condition may have played a role. The employer/insurer holds the burden of proof. In …

Chamber of Commerce Sues to Block FTC’s Non-Compete Ban

Business groups led by the US Chamber of Commerce sued the Federal Trade Commission Wednesday seeking to block a rule finalized this week that would outlaw non-compete provisions that prohibit workers from switching jobs within an industry. In a complaint …

FAU Gets Grant to Study Seaweed Harvesting, Just as Blobs Approach South Florida

Researchers at Florida Atlantic University are using a $1.3 million grant to see if huge blobs of seaweed can be harvested to help mitigate the economic impact on Florida beaches. The FAU Harbor Beach Oceanographic Institute this month announced the …

District of Columbia AG Settles With NRA Over Alleged Violations of Nonprofit Law

District of Columbia Attorney General Brian L. Schwalb last week announced a resolution of his office’s lawsuit against the National Rifle Association (NRA) and the NRA Foundation that alleges misuse of nonprofit funds and other violations of the District’s Nonprofit …

Jury Weighing Military Contractor’s Claim of Immunity for Abu Ghraib Abuse

A lawyer for the military contractor being sued by three survivors of the notorious Abu Ghraib prison in Iraq told jurors Monday that the plaintiffs are suing the wrong people. “If you believe they were abused … tell them to …

New Hampshire to Receive $20M Grant to Help Reconstruct Eroded Seawalls

New Hampshire is getting a $20 million federal grant to help reconstruct coastal seawalls eroded by storms and flooding and received a disaster aid declaration to recuperate costs from a storm in January, officials said Monday. The grant, announced by …

Global Insurance Prices Continue Moderating as Rates Decline in Most Regions: Marsh

Global commercial insurance rates increased by 1% on average in the first quarter of 2024, compared with a 2% increase in Q4 2023, according to the Global Insurance Market Index published by Marsh, the insurance brokerage business of Marsh McLennan. …

UK Firms Told to ‘Urgently Review’ Green Claims Amid Crackdown

Firms operating in the UK are being advised to go through any products and services around which some sort of sustainability claim has been made, to ensure they’re not in the crosshairs of a regulatory crackdown that’s due to take …