Mon.Dec 09, 2024

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Identities of Shadow Banks That Use New BOE Tool to Remain Secret

Insurance Journal

The Bank of England will hide the identities of any pension funds, insurers or hedge funds bailed out under a new financial stability tool to prevent a wider crisis engulfing the economy, Deputy Governor Dave Ramsden said.

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What is Contractor’s Errors & Omissions Insurance?

Central Insurance

Contractor's E&O insurance safeguards against mistakes like design errors or faulty workmanship. Discover why it's essential for contractors. The post What is Contractor’s Errors & Omissions Insurance? appeared first on Central Insurance Blog.

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Ohio Manufacturer Faces $182K Fine for Workers’ Amputations

Insurance Journal

U.S. Department of Labor inspectors found a Cleveland, Ohio bakeware manufacturer failed to prevent two workers from suffering injuries that resulted in amputations, incidents that could have been avoided with proper safety measures.

Injury 285
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Understanding the Affordable Care Act for Independent Contractors in California 

Freeway Insurance

Figuring out independent contractor health insurance is one of the very first steps you should take when becoming an entrepreneur. As a self-employed individual, you dont get access to employer-sponsored health coverage, so youll need to look for a plan through the healthcare marketplace. The Affordable Care Act (ACA) makes it easy for freelancers and solopreneurs to get the coverage they need without relying on a group plan from an employer.

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Streamline Insurance Claims Management By Analyzing Legal Trends

Insurance professionals use Trellis to streamline claims management by analyzing legal trends, predicting outcomes, and strategizing effectively to serve clients better. Adjusters can evaluate claim validity, estimate settlement amounts, and identify potential litigation risks. Trellis' extensive State Trial Court Data can be leveraged to identify opposing/outside counsel and top mediators for insurance matters, evaluate the risk of new claims by viewing similar claim litigation history, and mor

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New York Expands Workers’ Compensation For Mental Health to All Workers

Insurance Journal

New York Governor Kathy Hochul has signed legislation to expand workers’ compensation benefits to people who are facing job-related mental health crises.

More Trending

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North Carolina School Principal Charged With Pet Insurance Fraud

Insurance Journal

A North Carolina elementary school principal and a Cape Hatteras man were arrested last week and charged with insurance fraud after authorities said they attempted to make false claims to their insurance companies.

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Short Term Health Insurance Illinois

Smart Insurance Agents

Short Term Health Insurance Illinois: No longer available as of January 1, 2025. The Get Covered Illinois Navigator Program provides free enrollment assistance to Illinoisans across the state who have questions, need help enrolling in coverage, or want to change health plans. They can use the Find Local Help tool on GetCoveredIllinois.gov to find our navigators in their area.

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Earthquakes Under a Volcano Near Alaska’s Largest City Raise Concerns

Insurance Journal

An increase in the number of earthquakes under a volcano near Alaska’s largest city this year has geologists paying attention.

Damage 262
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Part 2 of 2: When Not to Use Nurse Case Management in Workers’ Compensation

AMAXX

This is the second part of our two-part series on Nurse Case Management (NCM). While the first article focused on when to use NCM effectively, this article emphasizes the importance of resource optimization and explores equally important criteria for understanding when not to use this service. Some claims do not benefit from having a nurse assigned to the file because the role of educating, advocating, or ensuring compliance with medical treatment is already fulfilled in another manner.

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Gallagher to Buy AssuredPartners for $13.5B to Increase Mid-Market Reach

Insurance Journal

Arthur J. Gallagher this morning said it has entered into an agreement to acquire AssuredPartners for $13.45 billion cash to expand its reach in the U.S. middle-market property/casualty and employee benefits space.

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Part 1 of 2: Understanding Nurse Case Management and When to Use It

AMAXX

Navigating workers’ compensation claims can be challenging for employers, especially when injured employees struggle to understand or adhere to the medical and administrative processes involved. Nurse Case Management (NCM) offers an effective solution by providing guidance, advocacy, and support throughout the claims process. Effective communication between stakeholders is critical to the success of this approach, as even small improvements in communication can lead to significant savings.

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Ex-Allianz Fund Manager Avoids Jail Over $3 Billion Collapse

Insurance Journal

A former Allianz SE hedge-fund manager avoided prison and will instead spend 18 months in home confinement for fraudulently inflating the value of funds that ultimately collapsed, resulting in $3.2 billion in investor losses.

Liability 246
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Drivers demand Uber loosen UK insurance restrictions after price rises

Elmore

Union to raise objections over requirement that drivers be insured by panel of insurers selected by ride-hailing app The post Drivers demand Uber loosen UK insurance restrictions after price rises appeared first on Elmore Insurance Brokers.

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IICF Raises $1.4 Million for Northeast Nonprofits

Insurance Journal

The Insurance Industry Charitable Foundation (IICF) reports that it raised more than $1.4 million at its 18th Annual Northeast Benefit Event last week in New York City.

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How Major Life Events Impact Insurance: Protecting What Matters Most

TGS

TGS Insurance Blog How Major Life Events Impact Insurance: Protecting What Matters Most Life, as they say, is full of surprises. Some are exhilaratinga dream job offer, purchasing your first home, or the arrival of a little one. Others? Theyre less so, like a divorce or an unexpected career change. But whether these moments fill your heart with joy or leave you reeling, one thing is sure: major life events impact insurance in ways you might not expect.

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Allianz Pauses Talks With Amundi Over Control of Asset Manager

Insurance Journal

Allianz SE has temporarily halted talks with Amundi SA over combining its Allianz Global Investors asset management arm with the French company.

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Help Your Clients Establish a Cyber Incident Response Plan

Zywave

It’s time to check in with your clients. Have they thought about their new years resolutions for their business? If not, now is your time to shine. Many organizations dont have an effective cyber incident response plan in place. But with a new year comes new opportunities and now is a great time to help your clients set some new resolutions focused on how they can more effectively protect their business in 2025.

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Jury Awards $310M to Parents of Teen Who Fell from Orlando Amusement Park Ride

Insurance Journal

ORLANDO, Fla. (AP) The parents of a 14-year-old Missouri boy who fell to his death from an Orlando amusement park ride in 2022 have won a $310 million verdict against the attraction’s Austrian builder.

Injury 246
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Celebrating a Year of Achievements: Cowbell’s Award-Winning Moments in 2024

Cowbell

As 2024 comes to a close, we wanted to reflect on the last year, sharing gratitude for the people behind the growth, innovation, and success we achieved together. Our ability to shape the future of cyber insurance is possible because of our dedicated team, supportive clients, and industry partners and we are proud of the accolades that our teams have garnered throughout the year, including: National Insurance Awards Shortlist : Being shortlisted acknowledges our rapid growth trajectory and commi

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Texas’ Push to Meet Power Demand Could Spark Uranium Mining Revival

Insurance Journal

In the old ranchlands of South Texas, dormant uranium mines are coming back online. A collection of new ones hope to start production soon, extracting radioactive fuel from the region’s shallow aquifers. Many more may follow.

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Blog Post: Florida Lawmakers Revise Provisions for LLCs Planning to Issue Securities

LexisNexis

By Eric Geringswald | CSC Floridas General Assembly added or amended more than 50 sections of the states business entity laws, including new procedures for ratifications of defective corporate actions and resignation of registered agents, as well as new exemptions under the securities law. The changes are captured in the 2024 Edition of CSCs Florida Laws Governing Business Entities Annotated.

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Environmentalists Headed to Court Over Proposed Oil Well in Florida Watershed

Insurance Journal

TALLAHASSEE, Fla. (AP) Environmentalists are heading to court to try to stop a plan to drill for oil in the watershed of a vulnerable north Florida river.

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Blog Post: Colorado Lawmakers Replace Unique Combined Reporting Test

LexisNexis

By Eric Geringswald | CSC Colorados unique three of six combined reporting test has been replaced with the Multistate Tax Commissions standard. The change now requires the members of an affiliated group of C corporations to file a combined report. The net income of each combined group member will be computed the same way that it is currently computed under existing law, but intercompany transactions have been eliminated.

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Alliant Acquires Union First in California

Insurance Journal

Alliant Insurance Services acquired Union First in Irvine, California. Union First will join Alliant’s Employee Benefits Group West Region.

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Blog Post: 2024 Virginia Business Law Updates: Over 70 Key Legislative Changes

LexisNexis

By Eric Geringswald | CSC Virginia legislators approved more than 70 amendments to the states business laws during the 2024 session of the Virginia Assembly, including changes that address annual reports, garnishments , service of process, as well as a new Title of the UCC regulating controllable electronic records, such as cryptocurrency and NFTs. These and other changes are captured in the 2024 edition of CSCs Virginia L aws Governing Business Entities Annotated.

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People Moves: GC&C Appoints Key Leaders in Mediterranean & LatAm; Ryan Financial Lines Names Winborn as President, Mitchell as COO

Insurance Journal

This edition of International People Moves details appointments at Generali Global Corporate & Commercial and Ryan Financial Lines. A summary of these new hires follows here.

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Blog Post: Massachusetts Laws Governing Business Entities Annotated includes up-to date statutes, the latest case law, and compelling commentary

LexisNexis

By Eric Geringswald | CSC CSCs Massachusetts Laws Governing Business Entities Annotated is a comprehensive collection of annotated Massachusetts business statutes and regulations and is an essential resource for business law practitioners in the state and the region. The 202 4 edition is updated with the latest legislation through Chapter 67 of the 2024 Massachusetts legislative session.

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Executive of Tyler Perry Studios Dies When Plane He Was Piloting Crashes in Florida

Insurance Journal

(AP) The president of Atlanta-based Tyler Perry Studios died Friday night when the small plane he was piloting crashed on Florida’s Gulf Coast. The studio confirmed on Saturday that Steve Mensch, its 62-year-old president and general manager, had died.

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Blog Post: Comprehensive Updates in Georgia's Business Laws: Over 200 Legislative Changes in 2024

LexisNexis

By Eric Geringswald | CSC Georgia l awmaker s a dded or amended more than 200 sections of the states business law statute s during the 2024 legislative session, including a new ly enacted a rticle of the Commercial Code regulating controllable electronic records, such as cryptocurrency and NFTs. What's New in the 2024 Edition All t he se changes are captured in the 202 4 edition of Georgia Laws Governing Business Entities Annotated.

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New Mexico Seeks $47.8M Fine for Excess Air Pollution by Natural Gas Processor

Insurance Journal

New Mexico environmental regulators have issued a $47.8 million fine on allegations of excess air pollution at a natural gas processing facility in a prolific oil production region near the Texas state line.

Liability 246
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Blog Post: New Jersey Amends Corporate Taxation Laws, CSC Provides Insights

LexisNexis

By Eric Geringswald | CSC New Jersey lawmakers amended the corporation taxation laws during the 221st First Annual Session of the states legislature in 2024. Lawmakers also amended laws to provide for the certification of a business as an LGBTQ+ business. The 2024 edition of CSC's New Jersey Laws Governing Business Entities Annotated captures these and other changes to ensure practitioners are working with the most up-to-date information.

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Tepco Removes Nuclear Fuel Debris From Fukushima Disaster Site

Insurance Journal

Japanese utility Tokyo Electric Power Co. said it removed nuclear fuel debris left inside a reactor in a demonstration at its Fukushima power plant, 13 years after a meltdown.

Liability 246
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Blog Post: Maryland Revises Corporation Laws: 2023 MGCL and Statutory Trust Act Changes

LexisNexis

Updates to Key Sections of the MGCL Maryland lawmakers approved revisions to Corporations and Associations of the Maryland General Corporation Law (MGCL) regarding the following: Shares issued in a conversion The prohibition on bearer certificates Annual stockholder meetings of investment companies Remote voting at stockholder meetings Termination of a Real Estate Investment Trust Legislators also passed a new section of the Maryland Statutory Trust Act that makes the Maryland Control Share Acqu

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