US Financial Regulators Restart Work on Long-Delayed Dodd-Frank Compensation Rules
A trio of U.S. financial regulators have resumed work on a long-delayed rule-writing project to make executive compensation plans at financial firms more sensitive to risk. The Federal Deposit Insurance Corporation, Office of the Comptroller of the Currency and Federal …
EU Commission Eyeing Exemptions for ‘Forever Chemicals’ Ban, Letter Shows
The European Commission is planning to allow exemptions from a proposed ban on substances known as PFAS, or “forever chemicals,” to protect key industries, a letter seen by Reuters on Wednesday showed. In the letter to some EU lawmakers in …
Jury Awards $9M to Player Who Sued US Tennis Association Over Coach’s Sexual Abuse
A tennis player was awarded $9 million in damages by a jury in federal court in Florida after accusing the U.S. Tennis Association of failing to protect her from a coach she said sexually abused her at one of its …
Range Rover Buyers Offered Insurance Cash After String of Thefts
Jaguar Land Rover Automotive Plc is offering to pay part of customers’ insurance costs for new Range Rovers after a string of thefts caused premiums to soar and left some unable to get cover. The British carmaker will provide £150 …
Brazilian Floods Are Inflicting Billions in Economic Devastation
The floods and severe rainfall that ravaged Southern Brazil are hurting the nation’s powerhouse agricultural sector, with industries from auto manufacturing to banking and insurance also bracing for disruption. Heavy rains in Rio Grande do Sul, Brazil’s southernmost state, left …
The World’s Biggest Carbon Removal Plant Comes Online in Iceland
Amid the steam rising around Iceland’s Hellisheioi station sits a newly built warehouse surrounded by giant fans run by carbon removal startup Climeworks. Dubbed Mammoth, the project is now the world’s biggest plant to suck carbon dioxide from the air. …
Fannie and Freddie Hit Pause on Replacement-Value Requirements for Home Insurance
Property insurance groups on Wednesday applauded a decision by Fannie Mae and Freddie Mac to hold off on an apparent plan to scrutinize mortgages on homes that don’t carry full replacement-value insurance coverage. The decision by Fannie and Freddie to …
Safety Lapses Contributed to Patient Assaults at Oregon State Hospital: Federal Report
Safety lapses at the Oregon State Hospital contributed to recent patient-on-patient assaults, a federal report on the state’s most secure inpatient psychiatric facility has found. The investigation by the Centers for Medicare and Medicaid Services found that staff didn’t always …
Judge Dismisses Suit by Mother Who Claimed School Hid Teen’s Gender Expression
A federal judge dismissed a lawsuit brought by a Maine woman who accused school officials of encouraging her teen’s gender expression by providing a chest binder and using a new name and pronouns, without consulting parents. U.S. District Judge Jon …
Report: California Workers’ Comp Written Premium Increased 2% in 2023
Written premium in calendar year 2023 was 2% higher than the prior year, driven by continued economic expansion, but partially offset by continued rate decreases, a new report shows. The Workers’ Compensation Insurance Rating Bureau of California on Wednesday released …
Nevada Launches Home Insurance Tool to ID Carriers by ZIP
The Nevada Division of Insurance is launching a web-based tool that enables Nevada consumers to identify insurance carriers that are currently accepting home insurance applications by specific ZIP code. The NVDOI said its tool is a recognition that personal home …
Vendor That Mishandled Pennsylvania Virus Data to Pay $2.7M in Whistleblower Case
A large staffing firm that performed COVID-19 contact tracing for Pennsylvania and exposed the private medical information of about 72,000 residents will pay $2.7 million in a settlement with the Justice Department and a company whistleblower, federal prosecutors announced Wednesday. …
People Moves: Roberts Joins LP Insurance in California; AMERIND Names Sattler CFO
Roberts Joins LP Insurance Services Employee Benefits Brokerage Team Lynn Roberts joined the employee benefits group in the Gold River, California, office of LP Insurance Services LLC. Roberts has over 30 years of industry experience and most recently worked as …
COVID-19 Can Be Occupational Disease, Colorado Court Says in Worker Death Case
For the first time, a Colorado appellate court has concluded that COVID-19 can be an occupational disease that is compensable under the state’s Workers’ Compensation Act. The Colorado Court of Appeals ruling came in a case in which Life Care …
Construction Site Fatalities Down, Injuries Up in New York City
Building construction-related fatalities in the five boroughs of New York City are at the lowest number in nearly a decade, with seven deaths in 2023 as compared to a high of 14 in 2019. While fatalities are down, the annual …
Hub Acquires Michigan’s True North Group
Hub International Limited announced the acquisition of the assets of True North Group Insurance Services, LLC (True North Group). Terms of the transaction were not disclosed. Located in Howell, Michigan, True North Group is an independent insurance agency that focuses …
People Moves: IMA Financial Group Names Mizell Director of Energy & Marine Practice
IMA Financial Group, Inc., headquartered in Houston, named John Mizell as a director within IMA Houston’s energy and marine practice. Before joining IMA, John led McGriff Insurance Services, Inc.’s Houston office as executive vice president and energy and marine practice …
Houston Floodwaters Start to Recede; 800 Structures Damaged
HOUSTON (AP) — Floodwaters in the Houston area and parts of Southeast Texas began to recede on Monday, allowing residents to begin returning to their homes and assess damages after days of heavy rainfall that pummeled the area and led …
People Moves: RT Specialty’s Environmental & Construction Professional Practice Promotes Six
RT Specialty made six promotions to leadership roles in its environmental & construction professional practice. Hannah Altomare was promoted to consultant. Altomare joined RT ECP six years ago. She previously served as commercial lines account manager at Dash & Love, …
Louisiana Governor Signs Package of Property Insurance Reform Bills
Louisiana governor Jeff Landry signed a package of insurance reform bills Tuesday aimed at encouraging insurers to write more business in the state’s property market. The legislation, endorsed by Louisiana Insurance Commissioner Tim Temple, will give property insurers more flexibility …
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