Features

New York Attorney General Leads Suit Against U.S. Environmental Protection Agency

New York Attorney General Barbara D. Underwood, joined by Attorneys General Xavier Becerra of California and Brian Frosh of Maryland, has led a lawsuit against the United States Environmental Protection Agency (EPA) for the delay of what they allege is …

NRA Sued by Artist for Using Chicago ‘Bean’ Sculpture in Video

The artist behind Chicago’s famous bean-shaped sculpture has filed a federal lawsuit accusing the National Rifle Association of copyright infringement by using an image of his work in a video advertisement last year. Anish Kapoor’s lawsuit filed in the U.S. …

6 Things to Know About the Private Flood Insurance Market

Below are highlights from Insurance Journal’s recent report on “Top Private Flood Insurances, 2017 Market Study.” For additional information, or to download the full report visit: https://www.insurancejournal.com/research/ – 1 – During 2017, the private flood market expanded considerably with 50 …

Texas DWC: 40% of Workers’ Comp Claimants Have Previous Injuries

There are about 200,000 new claims each year in the Texas workers’ compensation system, representing about 2 percent of covered Texas employees. About 40 percent of those new claims involve claimants who have had at least one previous work injury, …

Lloyd’s Index Shows $92B at Risk in North American Cities Each Year

Cities in the U.S. and Canada stand to lose $92.96 billion per year to risks like market crash, cyber attack and flood, an index from Lloyd’s shows. Lloyd’s newly issued City Risk Index, which produces estimates of how much savings …

Dealing with It: Texas’ Hail Problem Is Not Going Away

Texas has a hail problem. OK, from an insurance perspective, Texas has a weather problem, period, but that’s another story altogether. Back to hail. On June 6, a hailstorm walloped heavily populated areas of North Texas with baseball sized hail …

Sea Level Rise Puts $117.5B at Risk from Chronic Flooding

Those interested in risk management are starting to take climate change a bit more seriously. The evidence is anecdotal, but for that proof one can just ask Phil Renaud, executive director for the Risk Institute at Ohio State University, a …

North Texas Attorney Charged with $400K Insurance Fraud

A Travis County grand jury has indicted a Texas attorney on charges of workers’ compensation fraud for allegedly billing clients for services that were not provided, false billing and tampering with a government record. The indictment alleges that Leslie Casaubon …

Catastrophes Hit Homeowner Insurers; Combined Ratio Moves Above 107: A.M. Best

After four years of sub-100 combined ratios for the U.S. homeowners insurers, the segment saw its combined ratio deteriorate to 107.1 in 2017 as a result of numerous catastrophes, according to an A.M. Best report. The new Best’s Market Segment …

Louisiana Legislation Targets Pharmacy Benefit Managers; Drug Cost ‘Gag Rules’ Banned

Louisiana patients could soon get more details about what happens at the pharmacy counter and whether they’ve gotten the most affordable medication for an ailment. In the regular legislative session, lawmakers passed a package of bills requiring more transparency about …

Features Archives by Month