Lloyd’s of London’s insurer must pay an additional $3 million in prejudgment interest on top of the $10 million it has already paid under a directors’ and officers’ liability policy issued to an Atlanta bank that was taken over by the Federal Deposit Insurance Corp., a federal appeals court said on Thursday, overruling a lower court and issuing its second …

The California Occupational Safety and Health Standards Board will meet on September 15th to hear public comments on the extension of the state’s Covid-19 workplace safety standard, enacted in 2020 and set to expire on December 31st. The California Division of Occupational Safety and Health’s draft regulation would continue to require employers to “establish, implement and maintain an effective illness …

A Beverly Hills surgeon who pleaded guilty to workers’ compensation fraud received a 10-year prison sentence — the “largest” ever in such a case in California, the Orange County District Attorney’s Office said. Dr. Randy Rosen pleaded guilty Friday to eight felony counts of insurance fraud and two felony enhancements for official misconduct for a loss of more than $500,000 …

A California appeals court ruled Tuesday that a legal doctrine blocked an effort by the parents of a construction worker to pursue a wrongful-death claim against a general contractor who had hired their son’s employer to clean out a sump pump. Tyler Development Co. Inc., a general contractor working in the home building industry, hired D&D Construction Specialties Inc. to …

It takes hard work, dedication, creativity and persistence to successfully launch a small business, so it makes sense to have the right insurance coverage in place to protect it. In fact, buying business insurance can be one of the most important decisions you make. The right coverage can help prevent unforeseen events from destroying everything you’ve worked so hard to …

Former State Farm adjusters laugh at speeches I give when I talk about State Farm operating guides. These are processes that State Farm uses to make processes for every activity it does. Most insurance companies have these. The fun thing about State Farm’s is that if printed, they can literally take up 20 feet of clean paper – and this …

Embedded insurance is currently a hot topic in the industry. That’s permeated many of our recent conversations as customers evaluate how embedded currently impacts—or could impact—their deployment plans. The sense of urgency is exacerbated by disruptive companies that Tesla throws its hat, meaningfully, into the insurance ring. Some new perspectives on embedded insurance have focused on the technology requirements for …

Westfield Specialty, a unit of Westfield Insurance Co., said Thursday that its Westfield Pro unit plans to expand its errors and omissions and cyber liability coverage, which until now has been offered on an excess-only basis, to the primary inventory. Westfield Specialty Executive Vice President Jeff Kulikowski said in a statement that the insurer may offer primary and excess limits …

Westfield Specialty, a unit of Westfield Insurance Co., said Thursday it has named Sara Trokan, a former head of Chubb Ltd., as senior vice president, specialty claims, to a new position. Mrs. Trokan was previously vice president of claims management, cyber and privacy responsibility at Chubb. according to her LinkedIn profile. Westfield Specialty also said in a statement that its …

In the words of the late Whitney Houston: It’s not right, but it’s okay. A federal appeals court on Wednesday conceded that it is not fair that a “model student with reason to hope she would graduate second in her high school class” lost her place when her schools merged and she ended up at number three, but it is …