Russia’s Danube Attacks Threaten Ukraine Grain Exports; Ports’ Insurance Rates Rise July 26, 2023 By Max Hunder and Jonathan Saul Russian air strikes on Ukrainian grain facilities on the Danube this week threaten a vital river route for Kyiv’s exports,...
Japanese Used-Car Exec to Step Down After Revelations of Fraudulent Insurance Claims July 26, 2023 By Hideki Suzuki and Nao Sano The president of Japanese used-car dealership Bigmotor Co. Ltd. said he will step down after revelations of fraudulent insurance claims...
Congress Wades Into Self-Driving Debate With New House Bills July 26, 2023 By Keith Laing Congress is wading into the debate over whether automakers should be allowed to sell hundreds of thousands of self-driving cars...
Agency M&A Down 24% in First Half 2023: OPTIS July 26, 2023 Investment banking and financial firm OPTIS Partners said the count of agency mergers and acquisitions during the first half of...
New Florida Workers’ Comp Rules in Effect for Employer Penalties, Exemptions July 26, 2023 This month, a number of new workers’ compensation rules took effect in Florida, affecting penalties for employers who fail to...
Head Scratcher? Claims Litigation Not Named as Major Factor in Florida Insolvencies July 26, 2023 By William Rabb Despite years of complaints from Florida property insurers and some lawmakers that out-of-control claims litigation was destroying the industry, recent...
Pennsylvania High Court Rejects Damages Cap in Insurance Agency Poaching Case July 26, 2023 By Andrew G. Simpson and Jim Sams A jury’s $2.8 million punitive damage award against an insurance agency and broker that tried to poach a competitor’s staff...
Chubb ‘Record’ Q2 Sees Net Income Up 50.7% July 26, 2023 By Chad Hemenway Chubb second-quarter net income went up 50.7% to nearly $1.8 billion and its property/casualty combined ratio came in at 85.4....
Report: California Workers’ Comp Premium Levels on the Rise July 25, 2023 California workers’ compensation premium levels rose by 14% in 2022 due to the economic recovery from the pandemic-related downturn, according...
Viewpoint: Washington’s Aggressive Approach to Preventing Intoxicating Hemp Cannabinoids May Be Good for Other States July 25, 2023 By Ian Stewart Like other states across the country, Washington has been grappling with how to regulate intoxicating hemp-derived cannabinoid products that are...