Industry News

 

NSAIDs Overtake Opioids as Top Workers’ Comp Drug in California

Non-steroidal anti-inflammatories, or NSAIDs, have supplanted opioids as the most common therapeutic drug group prescribed to injured workers in California, according to a new California Workers’ Compensation Institute study. The study also finds that payment data show that both dermatological …

Posted Date : 2/15/2019

Texas Bill Would Protect First Responders’ Work Comp Claims from Illegal Denials

A bill recently filed in the Texas House of Representatives would penalize insurers that illegally deny Texas first responders access to medical treatment for line-of-duty injuries covered under state workers’ compensation laws. According to one of the authors of House …

Posted Date : 2/15/2019

Wyoming Avalanche Causes Damages, No Injuries

Heavy snowfall caused an avalanche in Wyoming. Snow tumbled onto a highway in northwest Wyoming, damaging one car but not injuring anyone. The Wyoming Department of Transportation says an avalanche occurred around noon Wednesday and sent snow onto U.S. 89 …

Posted Date : 2/15/2019

Lockheed Martin Sued for Fraud over Washington Nuclear Site

The U.S. Justice Department is accusing Lockheed Martin Corp. of using false records and making false statements to bill the Energy Department for tens of millions of dollars in unauthorized profits and fees at the Hanford Nuclear Reservation in Washington. …

Posted Date : 2/15/2019

Ryan Specialty Group to Acquire Texas’ Myron F. Steves & Co.

Chicago-based Ryan Specialty Group LLC has reached an agreement to acquire the assets and operations of Myron F. Steves & Co. (Myron Steves), an independently owned wholesale insurance brokerage headquartered in Houston, Texas, with additional offices in Austin, Dallas and …

Posted Date : 2/15/2019

Washington Business Owner And Mom Charged with Insurance Fraud

Two Yakima County, Wash. residents were charged in Superior Court this week in connection with separate auto insurance fraud claims. The charges followed investigations by Insurance Commissioner Mike Kreidler’s Criminal Investigations Unit. William Gaethle, of Yakima, was charged with first-degree …

Posted Date : 2/15/2019

Mudslides Carry Away Homes, Water Rescues Needed in California Storm

Motorists swam for their lives and residents were rescued from homes sliding downhill as the wettest winter storm of the year triggered floods and mudslides across California on Thursday. In Sausalito, just across the Golden Gate Bridge from San Francisco, …

Posted Date : 2/15/2019

Asia-Pacific SMEs Are Over-Confident About Their Cyber Preparedness: Chubb

A significant perception gap exists between the cyber awareness and cyber preparedness at small and medium enterprises in some Asia-Pacific countries, according to a Chubb survey titled “Too Small to Fail?” The Chubb survey of 1,000 SMEs across Singapore, Hong …

Posted Date : 2/15/2019

State Farm Announces 4.9% Auto Insurance Rate Decrease in Virginia

State Farm Mutual Automobile Insurance Company will cut its rates in Virginia for the second time in two years. As a result, its overall personal auto rate will drop by 4.9 percent. The total state-wide expected impact for State Farm …

Posted Date : 2/15/2019

N.Y. Construction Worker Injured by Steel Plate

Police in Long Island, N.Y., say a construction worker has his legs severed below the knee when a steel plate knocked him into a hole and landed on him. Officials say the unidentified 39-year-old man was working to install a …

Posted Date : 2/15/2019

Troubled Delaware Poultry Plant Reports Wastewater Spill

State environmental officials say a southern Delaware poultry processing facility with a history of wastewater violations has reported an accidental discharge of up to 1 million gallons of partially treated wastewater. Officials say Arkansas-based Mountaire Farms reported that the release …

Posted Date : 2/15/2019

EPA Readies ‘Forever Chemical’ PFA Safety Plan Amid Calls for Tougher Action

The Environmental Protection Agency is expected to announce a plan for dealing with a class of long-lasting chemical contaminants amid complaints from members of Congress and environmentalists that it’s not moved aggressively enough to regulate them. So-called forever chemicals, perfluoroalkyl …

Posted Date : 2/15/2019

Insurtech-Driven MGA, Agile, Appointed as StarStone Partner in Australasia

Agile Underwriting Services Pty Ltd., the insurtech-driven managing general agency (MGA) and Lloyd’s coverholder, announced it has been appointed as a representative agent for global specialty insurer, StarStone, in Australia and New Zealand. Agile has been a strategic partner since …

Posted Date : 2/15/2019

Hanover Partners with RSA Group to Expand International Specialty Offerings

The Hanover Insurance Group, Inc. has a new agreement with the multinational insurer RSA Group to join its global network as a U.S. strategic network partner. This relationship expands The Hanover’s international specialty capabilities for domestic businesses with overseas risks. …

Posted Date : 2/15/2019

What’s Next for Brexit? Options Include Disorderly, Delayed or No Brexit

Britain’s parliament last month demanded Prime Minister Theresa May renegotiate a Brexit divorce deal that the other members of the European Union say they will not reopen. With just six weeks until the United Kingdom is due by law to …

Posted Date : 2/15/2019

Hub International Acquires Assets of Toronto-Based Firstbrook Pointon Benefits

Hub International Ltd., the Chicago-based insurance broker, announced it has acquired the assets of Firstbrook Pointon Benefits Inc. Terms of the transaction were not disclosed. Based in Toronto, Ontario in Canada, Firstbrook Pointon Benefits is a full-service employee benefits consulting …

Posted Date : 2/15/2019

Insurer Lancashire to Use Lloyd’s EU Hub in Brussels After Brexit

Property and casualty insurer Lancashire Holdings Ltd will use insurance market Lloyd’s of London’s European Union hub in Brussels after Britain leaves the European Union, its top boss told Reuters. “We have negotiated with Lloyd’s and we will write businesses …

Posted Date : 2/15/2019

UK PM May Scrambles to Find Brexit Compromise as Clock Ticks Down

British Prime Minister Theresa May is preparing to compromise with the European Union over the future of Ireland’s border, with just two weeks left to save her Brexit deal. Brexit Secretary Stephen Barclay privately told the EU’s chief negotiator, Michel …

Posted Date : 2/15/2019

Allianz Q4 Net Profit Rises 19% to $1.92 Billion

Allianz may slow its share buyback program after the one announced this week to allow the German insurer to make small acquisitions, the group’s finance chief said on Friday after reporting a 19 percent rise in fourth quarter profit. Allianz …

Posted Date : 2/15/2019

Dubai International Airport Suspends Flights over Suspected Drones

Flights from Dubai International Airport were suspended for half an hour starting from 10:13 a.m. local time over “suspected drone activity,” a Dubai Airports spokesperson said in an emailed statement. A hub for Emirates airlines, the airport in Dubai is …

Posted Date : 2/15/2019

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