Investing in Climate Resilience Really Pays off, Study Shows July 5, 2024 By Kimberly Tallon Weather-related catastrophes are increasing in frequency and intensity, and billion-dollar disasters are becoming the norm. The U.S. averages about 10...
FTC Ban on Worker Noncompete Agreements Delayed by Judge July 5, 2024 By Madlin Mekelburg and Rachel Graf A federal judge delayed implementation of the US Federal Trade Commission’s near-total ban on noncompete agreements, the first salvo in...
State Farm Seeking Large Rate Increases in Wildfire-Prone California July 3, 2024 By Don Jergler and Chad Hemenway State Farm has applied for large rate increases in California, a year after the carrier got rate approvals of 7%...
U.S. P/C Underwriting Results: Two Years in a Row Over $20 Billion in the Red July 3, 2024 By Chad Hemenway For the second year in a row, the U.S. property/casualty industry booked an underwriting loss of more than $20 billion...
Hurricane Beryl Roars Toward Jamaica on Destructive Path July 3, 2024 By Brian K. Sullivan and Stephen Stapczynski Hurricane Beryl churned toward Jamaica with violent winds, heavy rains and a life-threatening storm surge that could cause more than...
NHTSA Closes Recall Query Into About 420,000 Volkswagen Vehicles July 3, 2024 By Nathan Gomes The U.S. auto safety regulator on Wednesday closed a recall query covering 420,072 Volkswagen vehicles after the automaker acted to...
Jury Awards $68.5M to Family of Worker Who Fell to Death at Philly Construction Site July 3, 2024 By Andrew G. Simpson A Philadelphia jury has awarded $68.5 million in damages to the widow and son of a 38-year-old construction worker who...
Gallagher Bassett Acquires NetClaim from NAVEX July 3, 2024 Gallagher Bassett acquired NetClaim from NAVEX. NetClaim provides first notice of loss and first report of injury services for risk...
U.S. Workplace Safety Agency Proposes Protections from Extreme Heat July 3, 2024 By Daniel Wiessner The Biden administration on Tuesday unveiled a long-awaited proposal that would require many U.S. employers to protect 36 million workers...
Report: Severe Weather Impacting Collision Repair, Auto Insurance July 3, 2024 The auto insurance and repair industry must “adapt to new patterns and prepare for an unpredictable future,” according to the...