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This website uses cookies to ensure you get the best experience on our website. Learn more Got it! Login Subscribe For Free HELP BI’s Article search uses Boolean search capabilities. If you are not familiar with these principles, here are some quick tips. To search specifically for more than one word, put the search term in quotation marks. For example, “workers compensation”. This will limit your search to that combination of words. To search for a combination of terms, use quotations and the & symbol. For example, “hurricane” & “loss”. 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, 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 * * * * * * ‹ › 123456 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. Please select one option. 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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