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States appeal OSHA restoration

Six states that challenged the U.S. Occupational Safety and Health Administration's return of its electronic registry rule on Friday appealed to a judge's decision that the Trump administration's move to remove the claim was legal. State of New Jersey v. R. Alexander Acosta filed in March 2019, the states of Illinois, Maryland, Massachusetts, Minnesota, New Jersey and the New York …

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Washington is seeking $ 29 million in retroactive internal tax

A bill introduced in Washington last week proposing a 2% internal tax on state-based risks would raise about $ 29 million in taxes and generate more than $ 2 million in annual revenue in the future, according to an official who testified before a Legislative Committee on Tuesday. The bill, which is supported by several large state prisoner owners, follows …

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Teleworking can move class codes, hike repetitive stress injuries

The shift to teleworking and permanent teleworking could lead to lower loss costs but an increase in repetitive stress injuries, according to two reports published Monday by the National Council on Compensation Insurance. Before the pandemic, only 6% of the US workforce worked primarily from home and three quarters of the workers had never worked from home. In May 2020, …

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Vermont licenses 38 new prisoners, 34 closed by 2020

Vermont licensed 38 new prison insurance companies by 2020 and sees continued growth among the ongoing tough market, the state's Department of Economic Development said on Tuesday. However, 34 prisoners closed in 2020, bringing the total number of active prisoners to 564, up from 559 in 2019 and 558 in 2018, and only two fewer than the 566 active prisoners …

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Brown & Brown show gains in revenue, profit

On Monday, Brown & Brown Inc. reported fourth-quarter organic sales growth of 4.7% as commissions and fees increased by 10.9%. Revenue for the fourth quarter increased by 10.9% to $ 642.1 million and net income increased by 27.2% to $ 97.3 million. For the full year, organic growth was 3.8% and commissions and fees increased by 9.3%. Revenue for the …

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SRS opens office in Zurich, hiring three from Aon

Strategic Risk Solutions Inc. has opened an office in Zurich, Switzerland, and hired three former Aon PLC executives to serve captured and commercial insurance clients in the country. Georg Balint joined the SRS as CEO (Switzerland) from January. 1, while Markus Beck will join as CEO (Switzerland) and Maria Sandoval as senior account manager (Switzerland) as of March 1, Concord, …

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Companies wise to cultivate "risk masters"

COVID-19 has highlighted the growing need for companies and authorities to find ways to mitigate risks, either by strengthening supply chains or promoting "risk masters", say industry experts. Several reports indicate that infectious disease or pandemic is a critical concern among managers and greater focus on risk management is needed if organizations are to be ready for the next unknown …

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Free Informative Insurance Claims and Insurance Law Videos

A video explaining the requirement for insured to live in the residential area A video about residency against housing in insurance claims A video explaining insured should not take "The Fifth" [19659003] The creation of insurance and the Ethical Insurer A Video Explaining False Swear Defense to an Insurance Claim A Video Explaining the Three Major Responses to Insurance Fraud …

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