The National Council on Compensation Insurance is again recommending a reduction in workers’ compensation rates in Florida and Alabama, and regulators in both states have scheduled public hearings about the proposed changes. In Alabama, the NCCI recently called for a …
Debt Collector Adds Subrogation Recovery for Insurers in Florida and Other States
A debt collection agency announced it has launched a subrogration recovery service for insurance companies in Florida and other states. Southwest Recovery Services, a 21-year-old company with offices in Texas, Florida, Georgia and other areas, said the new program is …
Proxy Adviser ISS Urges Vote Against Musk’s $1 Trillion Package
Tesla’s proposed $1 trillion pay package for CEO Elon Musk came under fresh scrutiny on Friday, with proxy adviser ISS urging shareholders to reject what might be the largest-ever compensation plan awarded to a company chief. This is the second …
LA County Reaches New $828 Million Deal With Abuse Victims
Los Angeles County reached a tentative agreement to pay an additional $828 million to victims of childhood sexual abuse who filed lawsuits under a 2019 state law that raised the statute of limitations for such cases. The settlement addresses 400 …
People Moves: Physicians Insurance A Mutual Company Names Carlson President, CEO
Physicians Insurance A Mutual Company appointed David Carlson as president and CEO. The PI appointment is effective November 1. Dr. Carlson succeeds William Cotter, who is retiring from the organization after a 35-year career. Carlson is a physician executive with …
Bringing People and Artificial Intelligence Together to Mitigate Risk
Artificial Intelligence (AI) is a valuable resource in today’s economy with the potential to reap great rewards in many avenues of business. However, as with any developing technology, it comes with new challenges. In a recent study by The Hartford, …
J&J Must Pay $966M After Jury Finds Company Liable in Talc Cancer Case
A Los Angeles jury ordered Johnson & Johnson to pay $966 million to the family of a woman who died from mesothelioma, finding the company liable in the latest lawsuit alleging its baby powder products cause cancer. The family of …
California Police Pulled Over A Waymo for An Illegal U-Turn, But They Couldn’t Cite
Police in Northern California were understandably perplexed when they pulled over a Waymo taxi after it made an illegal U-turn, only to find no driver behind the wheel and therefore, no one to ticket. The San Bruno Police Department wrote …
Study Shows California Heat Standard Reduced Work Injuries on Hot Days
California’s worker heat standards led to fewer work-related injuries on hot days, a new study from the Workers Compensation Research Institute found. The WCRI study, Impact of California’s Heat Standard on Workers’ Compensation Outcomes, measured how California’s heat standard impacted …
Agent Has No Duty to Tell Insured of Pending Nonrenewal: Connecticut High Court
A Connecticut insurance agent has no duty to inform clients that their home insurer intends not to renew their insurance policy, the state’s high court affirmed in a case where the homeowners argued their long relationship with the agent created …