The Independent Insurance Agents & Brokers of America (Big “I”) last Thursday celebrated the passage of the “One Big Beautiful Bill.” “The Big ‘I’ would like to thank the U.S. Congress and President Trump for their work to bring more …
Month: July 2025
Lululemon Gets Aggressive About Lookalikes With Costco Lawsuit
Lululemon Athletica Inc. is accusing Costco Wholesale Corp. of copying its apparel designs in a lawsuit — and the upscale sportswear company shared images with the court to back up its case. Here’s a look at the specific products that …
A Majority of Companies Are Already Feeling the Climate Heat
Climate change is already having an impact on companies around the world. Over half of the firms surveyed in a recent Morgan Stanley report experienced the climate’s impact on operations within the past year, including increased costs, worker disruption and …
NC Carrier Sanctioned for Pressing Workers’ Comp Claim it Had Denied
What happens when an employer and its workers’ compensation insurer deny a claim, then face a wrongful-death tort suit, then attempt to have the comp claim reinstated, going so far as to pay weekly wage amounts to the deceased worker’s …
Study Examined Liability Insurance for Adult Family Homes in Washington
A report submitted to the Washington State Legislature examines the state of the liability insurance market for adult family homes in Washington, finding the market to be largely sustainable—but it does provide suggestions for increasing the appeal of AFHs to …
People Moves: WCIRB Names Sanders Chief Customer Operations Officer
The Workers’ Compensation Insurance Rating Bureau of California named Eric Sanders senior vice president and chief customer operations officer. Sanders will oversee the WCIRB’s customer experience, marketing and communications, classification and test audit, contact center and human resources functions. Sanders …
New Jersey Skydiving Company Says Plane Went Off Runway
The pilot of a skydiving team encountered mechanical issues that prompted an emergency landing at a small New Jersey airport but could not get the plane stopped at the end of the runway, the company said in a statement Thursday. …
Deadly Floods Reinforce Texas’ Challenge as Crisis Epicenter
Before dawn Friday morning, city manager Dalton Rice went for a jog along the Guadalupe River in Kerrville, Texas. He finished his run around 4 a.m. as a light rain set in. An hour later, he began receiving emergency calls: …
Wildfire Season Preview: Rest of 2025 Is High-Risk, May Follow LA Wildfires Paradigm
Following the “paradigm-shifting” Los Angeles wildfires in January, the 2024-2025 wildfire season will be remembered as a turning point for the insurance industry, and a warning that “wildfire is no longer a seasonal or rural phenomenon,” a new outlook asserts. …
Racketeering Suit Alleges NY Insurance Fraud Scheme by Lawyers, Medical Providers
A New York specialty insurance managing underwriter for contractors and construction risks has sued a New York City personal injury law firm and dozens of medical providers, alleging a wide-ranging scheme to defraud insurers through staged construction accidents and fraudulent …