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Submission: On March 08 via api from US — Scanned from DE
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Login Register Subscribe * Risk Management * Cyber Risks * Pricing Trends * Mergers & Acquisitions * Insurtech * Coronavirus * WSIA * Workers Comp * Pain Management * Workers Comp Cost Control * Workplace Safety * WC Magazine * International * EMEA * Asia-Pacific * Latin America * Research & Reports * Rankings & Directories * Best Places to Work * White Papers * Risk Perspectives * Top 100 Brokers * People * Comings & Goings * Up Close * Executive Q&A's * Opinion * Editorials * Columns * Perspectives * Editorial Cartoons * Employee Benefits * Awards & Events * Break Out Awards * Comp Laude® Awards & Gala * Diversity & Inclusion Conference * Innovation Awards * US Insurance Awards * Webinars * Women to Watch * Women to Watch EMEA * World Captive Forum * Current Issue * Current Issue * Archives * Subscribe * Reprints * D&I Institute CURRENT ISSUE THURSDAY, MARCH 02 * * Biodiversity risks a growing concern for businesses * Captives hold promise for organizations to better manage their ESG risks * Regulatory changes could prompt biodiversity litigation * States put social workers to task in comp * Moves help close gap in mental health provider shortages * * Commercial auto insurance rates rise as outsize jury awards, inflation add up * Catalytic converter thefts prompt legislation, loss control action * D&O challenges remain for private companies as economic uncertainty continues, layoffs rise * Experts weigh cyber risks, need for federal backstop * Updating medical fee schedules takes balance Load More * * Biodiversity risks a growing concern for businesses * Captives hold promise for organizations to better manage their ESG risks * Regulatory changes could prompt biodiversity litigation * States put social workers to task in comp * Moves help close gap in mental health provider shortages * Commercial auto insurance rates rise as outsize jury awards, inflation add up * Catalytic converter thefts prompt legislation, loss control action * D&O challenges remain for private companies as economic uncertainty continues, layoffs rise * Experts weigh cyber risks, need for federal backstop * Updating medical fee schedules takes balance LATEST NEWS AND INFORMATION ON BUSINESS INSURANCE, RISK MANAGEMENT, WORKERS COMP * * * * * * ‹ › 123456 VENBROOK NAMES BRENDA SHERMAN EXECUTIVE VP Private-equity-owned brokerage and program manager Venbrook Group LLC Wednesday named Brenda Sherman executive vice president of business development and strategic alliances. EXCLUSIVE REMEDY FACES MORE COURT CHALLENGES Pegged by the National Council on Compensation Insurance as a top legal issue to watch, disputes over exclusive remedy in workers compensation will continue as more injured workers and surviving families sue employers, experts say. CAPTIVES CAN HELP DAMPEN SOCIAL INFLATION RISK: PANELISTS Social inflation is having a growing impact on insurance claims, but there are steps captive owners can take to combat its effects, experts say. AXA XL HIRES FROM CNA IN MID-MARKET PUSH Axa XL said Wednesday it has hired John Liantonio, a private-equity insurance specialist, from CNA Financial Corp. as part of its strategy to target middle-market risks. TEXAS LAWMAKERS INTRODUCE WORKPLACE SEXUAL ASSAULT, PTSD BILLS Texas lawmakers on Tuesday introduced a bill that would address an employer's civil liability under the Texas Workers' Compensation Act for injuries suffered by a victim of sexual assault. PIPELINE WORKER CANNOT SUE EMPLOYER: WEST VIRGINIA APPEALS COURT The West Virginia Supreme Court of Appeals overturned a lower court ruling that allowed a negligence lawsuit to proceed against a pipeline company, ruling the state’s workers compensation law bars such litigation. * Most Recent * Most Popular * COVID-19 Update * OHIO CONTRACTORS CITED IN PAINTER’S FATAL FALL Two contractors have been cited by the Occupational Safety and Health Administration after a painter fell from an unsecured balcony at a residential apartment complex and died when the balcony fell 21 feet to the concrete below and crushed him. An hour ago * IMAGE ANALYTICS CAN HELP TRANSFORM SMALL COMMERCIAL UNDERWRITING By leveraging image analytics, underwriters can gain a comprehensive picture of a risk in seconds which can help achieve a competitive advantage. 7 days ago * AI TAKES CLAIMS MANAGEMENT TO THE NEXT LEVEL Learn how artificial intelligence and machine learning can drive greater ROI in insurance claims, in this white paper from Gradient AI. 9 days ago * NAVIGATING THE NEW FRONTIERS OF PROFESSIONAL LINES INSURANCE Partnering with a specialized professional lines wholesaler ensures your clients have the coverage they need for their ever-evolving exposures. Learn more from Jencap. 15 days ago * PIPELINE WORKER CANNOT SUE EMPLOYER: WEST VIRGINIA APPEALS COURT The West Virginia Supreme Court of Appeals overturned a lower court ruling that allowed a negligence lawsuit to proceed against a pipeline company, ruling the state’s workers compensation law bars such litigation. 1 hours ago * CAPTIVES CAN HELP DAMPEN SOCIAL INFLATION RISK: PANELISTS Social inflation is having a growing impact on insurance claims, but there are steps captive owners can take to combat its effects, experts say. 2 hours ago * TEXAS LAWMAKERS INTRODUCE WORKPLACE SEXUAL ASSAULT, PTSD BILLS Texas lawmakers on Tuesday introduced a bill that would address an employer's civil liability under the Texas Workers' Compensation Act for injuries suffered by a victim of sexual assault. 2 hours ago * AXA XL HIRES FROM CNA IN MID-MARKET PUSH Axa XL said Wednesday it has hired John Liantonio, a private-equity insurance specialist, from CNA Financial Corp. as part of its strategy to target middle-market risks. 2 hours ago * AUSTRALIAN GENERAL INSURERS’ NET PROFIT UP OVER 35% The Australian Prudential Regulation Authority said local general insurers’ aggregate net profit after tax grew 35% year-on-year to $2.3 billion Australian ($1.53 billion) in 2022, driven by strong underwriting results, Asia Insurance Review reported. The insurers’ aggregate gross earned premium increased by 9.2% year-on-year to AUD62.8 billion. 2 hours ago * UAE INSURERS’ PROFITABILITY HIT BY INTENSE PRICE COMPETITION Rating agency A.M. Best Co. Inc. said that the insurance market in the U.A.E. witnessed a marked decline in underwriting profitability in 2022 due to highly competitive market conditions and continuous pricing pressures, Middle East Insurance Review reported. However, gross written premiums increased over 10%. The market also reported an aggregate return on equity of 7.9%, down from 10.3% in 2021. 2 hours ago Load More FROM THE ARCHIVES * JANUARY 1970: MUTUAL AID PACT COVERS AIRLINES DURING STRIKES Back in the 70s, when unions were stronger, 16 airlines – most of which disappeared long ago – used a controversial mutual aid pact to insure against lost revenue during strikes. * DECEMBER 1989: FAN DEFEATS CUBS IN COURT A young boy who was hit by a foul ball at a 1983 Cubs game finally won his day in court six years later. In a decision that was later upheld on appeal, a jury awarded the fan compensatory damages. * NOVEMBER 1969: ISLAND DOMICILES COME UNDER FIRE Forty years ago, a U.S. regulator urged policyholders to think twice about dealing with insurers in the “unregulated” Bermuda and Bahamas markets. * OCTOBER 2005: MARKET CLIMATE LURING STARTUPS TO BERMUDA Big losses from a trio of hurricanes – Katrina, Rita and Wilma – led to another round of reinsurer formations in the fall of 2005. * SEPTEMBER 2012: BOMB THREATS TEST CAMPUS RISK MANAGEMENT A rash of bomb threats around U.S. college campuses in 2012 put the focus on security and risk management. Click here to read the 2022 Women to Watch Award Winner Profiles Click here to access the latest issue of Business Insurance. PEOPLE: COMINGS & GOINGS * KEVIN HAAS Company: Lockton Category: Brokers * TRACY RYAN Company: Allianz Global Corporate & Specialty Category: Insurers Click here for more Comings & Goings PEOPLE: UP CLOSE * STEVE GOLDMAN New York-based senior vice president, financial lines and health care leader, CNA Financial Corp. Read Full Profile * FRANK CASTELLANO San Antonio, Texas-based executive vice president, San Antonio office leader, Brown & Brown Inc. Read Full Profile Click here for more Up Close Profiles PEOPLE: VIEW FROM THE TOP * VIEW FROM THE TOP: GEOF MCKERNAN, NSM INSURANCE GROUP Click here for more Views from the Top SPONSOR INSIGHTS * IMAGE ANALYTICS CAN HELP TRANSFORM SMALL COMMERCIAL UNDERWRITING By leveraging image analytics, underwriters can gain a comprehensive picture of a risk in seconds which can help achieve a competitive advantage. * AI TAKES CLAIMS MANAGEMENT TO THE NEXT LEVEL Learn how artificial intelligence and machine learning can drive greater ROI in insurance claims, in this white paper from Gradient AI. * NAVIGATING THE NEW FRONTIERS OF PROFESSIONAL LINES INSURANCE Partnering with a specialized professional lines wholesaler ensures your clients have the coverage they need for their ever-evolving exposures. Learn more from Jencap. READERS POLL Your response has been saved successfully. Please select one option. OFF BEAT * CHOCOLATE BARS LOSE IDENTITY AT PEAK OF POPULARITY After the Swiss government put legal parameters on what can carry its country’s name, the ever-popular Toblerone bars can no longer be called Swiss chocolate because the brand’s U.S. owner is moving some production out of Switzerland, according to a report on CNN. * EUROPEAN CHEESE ORGANIZATIONS CAN’T SQUEEZE OUT A CERTIFICATION A federal appeals court has shredded the argument that gruyere cheese ought to be officially labeled and protected as “Gruyere,” and should only be used on labels of cheese that is produced in the Gruyère region of Switzerland and France. * WORKERS COMPENSATION AS THE NEW NIGERIAN PRINCE A workers compensation claim doesn’t ever mean you’re winning in life, and a woman in North Carolina was quick to see that when she got a suspicious text telling her that said she had won thousands of dollars in a workers comp claim. * MOST SPRING BREAKERS IN 2023: HOLA, MICKEY! Allianz Partners USA on Wednesday revealed the top 2023 spring break destinations, with Orlando, Florida, and Cancun, Mexico, drawing in the most American visitors in 2023. * MIXING BUSINESS WITH CHUCKLES Quirky gets the business, according to a British small business insurer that surveyed consumers and found that 64% of people would be more likely to notice a small or local business with a funny or witty business name. * TOP 10 OFF BEATS FROM FEBRUARY Mardi Gras and ‘American Idol’ lead off our most-read Off Beats for February, while State Farm makes multiple appearances during the Super Bowl month. * HORSE ORGANIZATION NOT HORSING AROUND OVER DONKEY PRODUCTS Is donkey meat the same as horse meat? Of course, of course, claims a lawsuit filed by the Center for Contemporary Equine Studies, a nonprofit organization, against Amazon Inc., which the nonprofit is accusing of selling products that contain donkey meat. * ENTERTAINMENT COMPANIES FEUD OVER 'SOUTH PARK' STREAMING Warner Bros. Discovery filed a lawsuit against Paramount, claiming the rival media company is disrespecting the “authoritah,” as Eric Carmen the foul-mouthed cartoon child in “South Park” would say, of an exclusivity contract. * INSURANCE SOFTENS LANDING FOR SHATTERED SCULPTURE Insurance will luckily cover “Balloon Dog (Blue),” an iconic balloon sculpture valued at $42,000 and made by artist Jeff Koons, that was accidentally knocked to the floor in Miami last week. * STONE IN THE FACE OF ‘YELLOWSTONE’ WORK COMP FRAUD ALLEGATIONS Workers compensation fraud allegations against an actress in the drama television series “Yellowstone” have gone cold, as reported by Entertainment Weekly. 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