Insurance

Dermatological drug payment rates have increased more than 10% and are a major part of workers' compensation for drug spending in many states, says the Workers Compensation Research Institute in a study released on Tuesday. Payment rates for dermatological drugs increased more than 10% from the first quarter of 2016 to the first quarter of 2019 in nine of 28 …

Assessment Agency A.M. Best & Co. said on Tuesday that it maintains a negative view of the commercial auto insurance sector after the line's ninth straight year with an over 100% combined ratio. A.M. Best said in his market segment report that commercial car "continues to face challenges on many fronts: nuclear judgments, distracted driving, insufficient driver safety, other frequency …

A hotel company that transferred its insurance to a real estate fund after it had paid off a loan then cannot sue the insurer for insurance revenue, a federal appeals court said on Monday, in a confirmation of a court ruling. Shreveport, Louisiana-based CRU Shreveport, LLC received a loan from South Pasadena, California-based GreenLake Real Estate Fund LLC to fund …

McGriff, the retail insurance unit for Truist Insurance Holdings, formerly BB&T, has hired four veteran office managers for its transportation practice, the broker said in a statement Tuesday. Annette Nitti, senior vice president of Aurora, Illinois; Josh Thompson, CEO of Little Rock, Arkansas; Daniel Johnson, vice president of Sherwood, Arkansas; and Holly Williams, Deputy Vice President of Little Rock; joins …

A city is not eligible for subrogation from a firefighter's third-party lawsuit, New Jersey's highest court, held Monday in a dispute between the city and its insurers. In City of Asbury Park v. Star Insurance Co. ., The state supreme court unanimously decided that under New Jersey law, the whole doctrine does not apply to money paid in deductible or …

Oregon's Work Environment Department has released plans to create a COVID-19 workplace safety standard that could be a permanent standard for infectious disease, according to a timeline released Friday. "As a result of both the immediate and long-term risks highlighted by the current public and occupational health crisis, Oregon OSHA responds to the request that the state adopt an enforceable …

Hartford Financial Services Group Inc. has appointed Amy Stepnowski to succeed Brion Johnson as chief investment officer at Hartford and chairman of Hartford Investment Management Company, as of August 1, the company said in a statement Tuesday. . Stepnowski is currently CEO and director of public credit research at HIMCO and based in Hartford, Connecticut, the statement says. Mr. Johnson …

(Reuters) – Unions representing 60,000 hospitality workers in Las Vegas and Reno, Nevada, sue three casino homes on charges of dangerous working conditions. 226 and Bartenders Union Local 165 v. Harrah's Las Vegas and Bellagio and Signature Condominiums argue that companies have not adequately protected workers and their families from the spread of COVID-19 and that rules and procedures for …

It would be nice to think that being together under a quarantine would bring a married couple closer. Unfortunately, this is not the case for all people. Forced insulation can put a heavy strain on a relationship and lead to divorce. Experts on domestic social behavior predict that there will be a significant increase in divorce applications because People can …

Aon PLC on Tuesday said it would cease the 20% pay cut it imposed on most of its employees in late April after the early shutdown of the coronavirus pandemic. In a filing with the Securities and Exchange Commission, Aon said it will complete the cut, which hit about 70% of its staff, on July 1 and repay the amount …