Tue.Jul 30, 2024

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Delta Air Lines to Seek Compensation Over Cyber Outage: Report

Insurance Journal

Delta Air Lines has hired a law firm and will seek compensation from Microsoft and CrowdStrike over a global cyber outage earlier this month that disrupted flights around the world, CNBC reported on Monday.

Cyber 299
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Furniture Store Insurance: The Five Policies You Need to Protect Your Business

Central Insurance

Furniture store insurance is a handful of policies designed to protect your business. Learn the right policies to protect your physical assets and ensure your operations can quickly recover after disruptions. The post Furniture Store Insurance: The Five Policies You Need to Protect Your Business appeared first on Central Insurance Blog.

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Higginbotham Exec Marc Spivey Cheers on Daughter Competing in 2024 Olympics

Insurance Journal

Clients who try to reach Higginbotham executive Marc Spivey this week will be met with an unusual out of office message. Greetings! I am in Paris to cheer on my daughter Taylor who is competing in the 2024 Olympics.

Insurance 278
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How SEO Experts Can Help Businesses with Their Marketing Strategy

Leadsurance

Research indicates that 68% of online experiences start with search engines. So, for businesses today, it is very important to have a good online presence. Search engine optimization (SEO) helps in making sure your website and content can be seen by those you aim for. While some businesses may attempt to handle their SEO internally, partnering with an SEO expert can offer significant advantages to your marketing strategy.

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Coastal Texas Braces for Insurance Rate Increase at Upcoming TWIA Meeting

Insurance Journal

The Texas Windstorm Insurance Association, the state’s insurer of last resort for homes and businesses on the Gulf Coast, will consider raising rates as climate change increases the chances of more severe storms and damages become more costly.

Damage 278
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Workers’ Comp Cost Formula To Accurately Assess Your Risk

AMAXX

Click Link to Access Free PDF Download “How to Calculate Your Minimum Experience Mod, Controllable Premium & the Revenue Impact” Importance of Proper Classification It’s gonna be talking about today primarily where a lot of our training focuses, a lot of my training focuses is over in this area, which is your experience mods, your adjustments.

More Trending

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How to Thrive as a Residential Landlord: Top Strategies and Tips

Property Insurance Centre

How to Thrive as a Residential Landlord: Top Strategies and Tips Did you know that a 43% of first-time landlords became landlords “accidentally” 1 ? Whether it was your plan or not, running a rental home can seem scary at first. But, with some smart moves, you can do well in this business. This piece will give you seven important tips to start strong and make your investment shine.

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South Alabama Woman Charged With 11 Counts of Insurance Fraud

Insurance Journal

An Alabama woman was arrested after she was indicted by a grand jury, charged with multiple counts of insurance fraud. Allison Dawn Benton Davis, 53, of Dothan, was charged with 11 counts of insurance fraud, according to local news reports.

Insured 267
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Enhancing Workplace Safety: A Systematic Review of Hearing Protection Fit-Testing Systems and Training

CDC: Workers Compensation

Exposure to excessive noise at work poses significant health risks for workers. These include hearing loss, tinnitus, and various other health conditions. To mitigate these risks, hearing protection devices (HPDs) such as earplugs and earmuffs are commonly used. However, the effectiveness of HPDs relies heavily on proper usage and fit. Ill-fitting earplugs are a common challenge faced by workers, compromising their ability to adequately protect their hearing.

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Indiana Contractor Faces $199K Fine for Exposing Workers to Deadly Falls

Insurance Journal

Twice in less than two weeks, federal workplace safety inspectors found an Indiana contractor exposing employees to deadly risks of falls from elevation while they did framing work at two homes under construction in Perrysburg, Ohio Inspectors with the U.S.

Risk 264
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How to Save on Renters Insurance Tips for Finding the Cheapest Coverage

Agency Height

We’ve compiled a few savvy tips to get cheaper renters insurance without compromising on coverage.

Insurer 52
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Ohio Supreme Ct.: Chicken Wings Advertised as ‘Boneless’ Can Have Bones

Insurance Journal

Consumers cannot expect boneless chicken wings to actually be free of bones, a divided Ohio Supreme Court ruled last week, rejecting claims by a restaurant patron who suffered serious medical complications from getting a bone stuck in his throat.

Claim 264
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Commercial Insurance: For the Business Risks You Can’t See

Shield Insurance Agency

For some individuals, their business aims to provide a comfortable income for their families. Others envision it as a heritage that their descendants might run. Some business owners even aspire to elevate their businesses to become household names. Regardless of the vision you harbor for your business, commercial insurance plays a pivotal role in accomplishing or hindering these plans.

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Recall of Boar’s Head Deli Meats Follows Sample Test for Listeria at Maryland Store

Insurance Journal

U.S. health officials last Friday announced a recall of some Boar’s Head liverwurst and deli meats as they investigate a listeria outbreak that has sickened nearly three dozen people and caused two deaths. Boar’s Head Provisions Co.

Liability 264
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Hayfin seals management buyout deal with Arctos

Splash: Finance and Insurance

UK alternative investment platform Hayfin Capital Management has reached an agreement with US private equity group Arctos Partners to secure a management buyout of the business. The deal will see the acquisition of British Columbia Investment Management Corporation’s majority stake for an undisclosed sum. One of the largest institutional investors in Canada, with C$250.

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Wells Fargo Must Face Lawsuit Over Sham Job Interviews

Insurance Journal

A U.S. judge ordered Wells Fargo to face a lawsuit alleging it defrauded shareholders by proclaiming its commitment to hiring diversity, even as it conducted sham job interviews of non-white and female applicants it had no plans to hire. U.S.

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Former Exec Keating Pleads Guilty to Scamming Allied World Insurance for $1.5M

Insurance Journal

A former insurance executive has pleaded guilty to defrauding his former employer, Allied World Insurance Co., of $1.5 million in a scheme involving a shell company, bogus invoices, and vendor kickbacks.

Insured 264
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AXA IM Prime Buys 20% Stake in French Private Credit Firm Rivage

Insurance Journal

A unit of AXA Investment Managers has agreed to acquire a minority stake in Rivage Investment, a specialist private credit firm focused on infrastructure debt that oversees more than €7.7 billion ($8.3 billion) in committed capital.

Insurance 263
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Court Must Decide If Child Victims Act Revives Old Workers’ Compensation Claims

Insurance Journal

Did New York lawmakers intend the Child Victims Act (CVA) that revived old claims of sexual abuse to apply to claims by employees that would previously have been handled by the workers’ compensation system?

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Coastal Communities Get $575M to Guard Against Floods, Other Disasters

Insurance Journal

The federal government is giving more than a half-billion dollars to coastal communities to help them use nature-based preventative measures to address climate-related flooding and other disasters.

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Wildfire Smoke May Be Worse for Your Brain Than Other Air Pollution, Study Says

Insurance Journal

Wildfire smoke may be worse for brain health than other types of air pollution, according to new research linking it to an increased risk of dementia.

Risk 288
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Cowbell Secures $60M Series C Funding From Zurich

Insurance Journal

Cowbell, a provider of cyber insurance for small and medium-sized enterprises (SMEs), announced on July 26 that it has closed a $60 million Series C equity investment from Zurich Insurance Group, a global multiline insurer.

Cyber 263
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Highstreet Expands Florida Footprint With Flagler Insurance Agency

Insurance Journal

Michigan-headquartered Highstreet Insurance Partners, a rapidly growing, multistate insurance agency, has added to its Florida presence with the acquisition of Flagler Insurance Agency, based in Palm Beach, Florida. The terms of the deal were not reported.

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Reinsurer SCOR’s Recovery Clouded by First Quarterly Loss Since 2022

Insurance Journal

SCOR SE Chief Executive Officer Thierry Leger said he’s taking over control of the company’s life and health unit after it led the firm to report its first quarterly loss since 2022.

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US Agency Puts Onus on Amazon for Sale of Hazardous Third-Party Products

Insurance Journal

Amazon.com is responsible for hazardous products sold by third-party sellers on its platform under the federal safety law and bears legal responsibility for their recall, the U.S. Consumer Product Safety Commission said on Tuesday.

Liability 259
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Meta Platforms to Pay $1.4B to Settle Texas Lawsuit Over Facial Recognition Data

Insurance Journal

Meta Platforms META.O has agreed to pay $1.4 billion to Texas to resolve the state’s lawsuit accusing the Facebook parent of illegally using facial-recognition technology to collect biometric data of millions of Texans without their consent.

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Minnesota Adds Stricter Guidelines for Rehabilitation Services in Work Comp Claims

Insurance Journal

Injured Minnesota employees who seek services from the Department of Labor and Industry’s Vocational Rehabilitation unit (VRU) while their disputed workers’ compensation claim goes through the litigation process will soon face new eligibility rules. Effective Aug.

Claim 254
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Firefighters Increase Containment on California Wildfire Now at 599 Square Miles

Insurance Journal

Containment has increased on a fire that exploded in size and in a few days became California’s sixth largest wildfire, destroying hundreds of structures.

Damage 264
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South Africa Races to Contain Oil Spill From Wrecked Cargo Ship

Insurance Journal

South Africa dispatched crews to contain an oil spill from a cargo vessel that ran aground earlier this month because of extreme weather conditions.

Marine 264
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A Guide to Healthcare Insurance: Part 3 – Assembly Bill 35

Insurance Journal

This post is part of a series sponsored by PCF Insurance Services. In the third installment of a three-part series, PCF Healthcare Practice Leader Brian King discusses legal changes and the impact of Assembly Bill 35.

Insurer 236
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Tesla Recalls 1.85 Million US Vehicles Over Unlatched Hood Issue

Insurance Journal

Tesla is recalling 1.85 million vehicles in the United States due to risk of software failure to detect an unlatched hood, the automaker said.

Risk 257
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HDI Global Receives License to Open Office in Dubai

Insurance Journal

HDI Global SE has received a regulatory license from Dubai Financial Services Authority (DFSA) to open an office in Dubai.

License 263
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Vermont Again Dealing With Floodwaters

Insurance Journal

Northern Vermont today is dealing with flash floods and washed-out roads after a night and early morning of extreme rainfall.

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Microsoft Reports Outage of Some Office and Cloud Services

Insurance Journal

Microsoft Corp. said it’s investigating outages of some Office applications and cloud services.

Cyber 264