A Paradigm Shift, from ‘Buying Insurance’ to ‘Selling Risk’ May 2, 2022 By Hemant Shah Rising commercial property insurance costs have gotten the attention of executives across a broad cross-section of corporate America. Aon, a...
Cyber Premiums Rapidly Grew 74% in 2021: Fitch May 2, 2022 According to estimates by Fitch Ratings, direct written premiums (DWP) for standalone and packaged cyber insurance increased 74% to nearly...
Department of Labor Eyeing Arizona OSHA Plan May 2, 2022 The U.S. Department of Labor announced a proposal to reconsider and revoke final approval of Arizona’s State OSHA plan, which...
Natural Disasters Cost Global Economy $32B in Q1, With Only $14B Insured: Aon May 2, 2022 By L.S. Howard Preliminary economic losses from natural hazards during the first quarter of 2022 totaled $32 billion, of which less than 50%...
California Workers’ Comp Committee OKs 7.6% Pure Premium Filing May 2, 2022 The governing committee of the Workers’ Compensation Insurance Rating Bureau of California authorized the WCIRB to submit a Sept. 1,...
Why Carriers Partner with Agency Networks May 2, 2022 By Joe Fisher If you’re an independent agent who is thinking about joining a network, you probably want to know what networks can...
ATV Is Not a Farm Vehicle, Virginia Court Rules May 2, 2022 The Virginia Supreme Court has ruled that an all-terrain vehicle (ATV) is not a “farm type vehicle” covered by a...
Risky Driving Increases as Sleep Apnea Worsens May 2, 2022 Drivers who have sleep apnea can be a high risk behind the wheel, according to new research that also suggests...
McDonald’s Beats Back Challenge to Settlement With U.S. Labor Agency May 2, 2022 McDonald’s Corp. last month defeated a union-backed organizing group’s challenge to a settlement with a U.S. labor agency over claims...
Policy Checking: It Is the Right Thing to Do May 2, 2022 By Chris Burand I recently read an E&O claim in which the agency involved seemed to have completely blown it. The policy was...