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CURRENT ISSUE


THURSDAY, FEBRUARY 16

 * * Surge in online sales presents cart full of liability questions
   * Courts split on retailer liability
   * Auctioneer insurance market stable, distinctive
   * Political fervor heightens risks for consultants
   * Campaign groups need firm controls
 * * Safety technology uptake slow in construction
   * Contractors turn to wearable devices to monitor safety at worksites
   * Commercial marijuana insurance market grows as premiums rise, more states
     legalize pot use
   * Sharp fall in value of cannabis complicates claims, changes risk
   * Editorial: Technology transforms risks
   Load More
 * 

 * Surge in online sales presents cart full of liability questions
 * Courts split on retailer liability
 * Auctioneer insurance market stable, distinctive
 * Political fervor heightens risks for consultants
 * Campaign groups need firm controls
 * Safety technology uptake slow in construction
 * Contractors turn to wearable devices to monitor safety at worksites
 * Commercial marijuana insurance market grows as premiums rise, more states
   legalize pot use
 * Sharp fall in value of cannabis complicates claims, changes risk
 * Editorial: Technology transforms risks


LATEST NEWS AND INFORMATION ON BUSINESS INSURANCE, RISK MANAGEMENT, WORKERS COMP

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ZURICH RESILIENCE SOLUTIONS NAMES HEAD OF SUSTAINABILITY SERVICES

Zurich Resilience Solutions, a unit of Zurich Insurance Group Ltd., on Wednesday
named Lisa Leftwich as head of sustainability services.


GALLAGHER BUYS SPECIALTY ENTERTAINMENT BROKER

Arthur J. Gallagher & Co. said Wednesday it has acquired Nashville,
Tennessee-based specialty entertainment broker ABBM Co. LLC, which does business
as Anderson Benson.


RYAN SPECIALTY Q4 REVENUE JUMPS, EXPECTS STRONG 2023

Ryan Specialty Holdings Inc. reported a 14.9% increase in fourth-quarter revenue
to $435 million, and expects a strong year in 2023, despite an uncertain
economy.


WTW HIRES FORMER MARSH PROPERTY EXECUTIVE

Willis Towers Watson PLC said Tuesday it has hired Leigh Ann Rodgers, a former
Marsh LLC managing director, as Western region client strategy leader for real
estate, hospitality and leisure.


STATES LOOK TO EXPAND FIRST RESPONDER COMP CANCER PRESUMPTIONS

Lawmakers in numerous states are seeking to expand the list of cancers and other
illnesses that first responders are presumed to have contracted on the job for
workers compensation purposes, but the costs associated with the measures are
hard to quantify, experts say.


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.

 * Most Recent
 * Most Popular
 * COVID-19 Update


 * 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.
   
   25 minutes 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.
   
   1 hours 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.
   
   2 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.
   
   8 days ago


 * AN AIG ALLY SAYS GOLF CAN BE GOOD FOR BUSINESS
   
   AIG’s Allison Cooper shares why she’s recruiting more women to learn and play
   golf.
   
   2 months ago


 * ZURICH RESILIENCE SOLUTIONS NAMES HEAD OF SUSTAINABILITY SERVICES
   
   Zurich Resilience Solutions, a unit of Zurich Insurance Group Ltd., on
   Wednesday named Lisa Leftwich as head of sustainability services.
   
   41 minutes ago


 * BANGLADESH FIRM TO GET $22 MILLION PAYOUT FOR MISSILE-HIT VESSEL
   
   State-owned Bangladesh Shipping Corp. is expected to receive an insurance
   payout of $22.5 million for its vessel Banglar Samriddhi, which was damaged
   by a missile explosion in Ukraine in March 2022, Reuters reported. The vessel
   is insured through Bangladesh-based Sadharan Bima Corp. and reinsured through
   U.K.-based Beazley PLC and Tysers Insurance Brokers Ltd. This will be one of
   the first shipping claim settlement to be paid since the start of the
   Russia-Ukraine war.
   
   An hour ago


 * ARGO GROUP’S PREMIUMS DOWN OVER 12%
   
   Bermuda-based insurer and reinsurer Argo Group International Holdings Ltd.
   reported a 12.2% year-on-year decrease in gross written premiums to $644.5
   million in the fourth quarter of 2022 due to the sale of its businesses Argo
   Underwriting Agency Ltd. and Lloyd’s Syndicate 1200, Reinsurance News
   reported. The insurer posted a net loss of $111.8 million, compared to a loss
   of $117.8 million in the year-ago period.
   
   An hour ago


 * TOWER LTD.’S PREMIUMS UP NEARLY 13%
   
   New Zealand-based insurer Tower Ltd.’s gross written premiums increased 12.5%
   year-on-year to $123 million New Zealand ($75.86 million) in the first
   quarter ended Dec 31, 2022, despite the impact of natural catastrophes,
   Reinsurance News reported. The strong premium growth, together with proper
   cost control helped the insurer improve its management expense ratio to 35%
   from 38% in the year-ago period. Tower expects the final cost of the Auckland
   and Upper North Island weather event to be between NZD95 million and NZD125
   million.
   
   An hour ago


 * AUTOMAKERS HALT PRODUCTION OVER PART SHORTAGE
   
   Major Japanese automakers Honda Motor Co., Ltd., Suzuki Motor Corp. and
   Toyota Motor Corp., have cut production as they face a shortage of automotive
   semiconductors, SemiMedia reported citing Nikkei. Honda’s Yorii plant in
   Saitama Prefecture will see a 10% reduction in production due to the
   semiconductors shortage and logistics delays. Suzuki plans to halt operations
   at the Kosai plant and the Sagara plant in Shizuoka Prefecture, while Toyota
   will suspend some production lines at its Motomachi plant in March.
   
   An hour 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


 * JOSE FONTES
   
   Company: Newfront
   Category: Brokers


 * MIC DE FAZIO
   
   Company: Woodruff Sawyer
   Category: Brokers

Click here for more Comings & Goings


PEOPLE: UP CLOSE


 * STEVE LUNDIN
   
   Providence, Rhode Island-based regional managing principal, Southeast Region,
   OneDigital
   
   Read Full Profile


 * CAROL MURPHY
   
   Chicago-based executive vice president and casualty leader, Hub International
   Ltd.
   
   Read Full Profile

Click here for more Up Close Profiles


PEOPLE: VIEW FROM THE TOP


 * VIEW FROM THE TOP: JENNIFER SANTIAGO, RISK & INSURANCE MANAGEMENT SOCIETY

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.


 * AN AIG ALLY SAYS GOLF CAN BE GOOD FOR BUSINESS
   
   AIG’s Allison Cooper shares why she’s recruiting more women to learn and play
   golf.


READERS POLL



Your response has been saved successfully.

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OFF BEAT


 * 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.


 * AUTHORITIES CLEAR THE AIR ON BOARDWALK CHEATERS
   
   State authorities are calling foul balls over a Jersey Shore boardwalk
   amusement operator who was caught rigging basketball games with overinflated
   balls and displaying prizes one could never win, NJ.com reported.


 * COSTCO CAR BATTERIES LAWSUIT COULD GO BULK
   
   A Florida Costco Wholesale customer is seeking class-action status in a
   lawsuit against the warehouse store over its reneging on its “Free
   Replacement Policy” for defective car batteries, claiming the store charges
   consumers anyway.


 * ENSURING THE BEST FOR YOUR DAUGHTER
   
   An Indian man tasked with seeking a husband for his daughter received a call
   from an insurance sales agent with Bajaj Allianz Life Insurance Co., an
   Indian subsidiary of Allianz SE, which the father mistakenly thought was a
   proposal for an “alliance.”


 * GIMME A… LIVING WAGE
   
   Despite years of litigation over whether the National Football League teams
   violate wage and labor laws when it comes to paying cheerleaders, a recent
   analysis found that the peppiest players in America’s favorite pastime are
   still the losers.


 * A NOT-SO-PROUD AUDITION TURNS INTO LAWSUIT
   
   A failed former “American Idol” contestant claims she was working for the
   show every night and day while auditioning for the show and deserves to be
   paid in accordance with California hour and wage laws.




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