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Employers Mutual exits reinsurance operations

The multi-line insurance company Employers Mutual Casualty Co. said Tuesday it would stop writing reinsurance operations and lay off about 65 employees. EMC Reinsurance Co., the Des Moines, Iowa-based insurer’s reinsurance unit, reported $204.2 million in 2021 reinsurance premium and a reinsurance blend ratio of 125.3%. Property excess reinsurance accounted for 55% of the book, international was 21.8%, casualty was …

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Fast Company shuts down website after hack sends ‘obscene’ messages

(Reuters) — Business and media publication Fast Company said it shut down its website on Tuesday evening after the site was hacked and sent “obscene and racist” messages to Apple users via the iPhone maker’s Apple News service. News publishers using the Apple News aggregation app can connect their digital publishing tools to Apple News to send push notifications to …

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The Kentucky High Court clarifies the prerequisites for reopening the claim

The Kentucky Supreme Court unanimously ruled that a plaintiff does not need a permanent injury to reopen a claim. Maria Jimenez worked for the Lakshmi Narayan Hospitality Group at a Holiday Inn in Louisville. She suffered injuries in August 2014 when she slipped and fell while cleaning a bathroom. An administrative law judge awarded Jimenez temporary total disability benefits from …

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Smithfield Foods pays $75 million in pork price settlement

(Reuters) – Smithfield Foods Inc. has agreed to pay $75 million to settle a consumer lawsuit that accused the meat producer and several competitors of conspiring to raise prices in the U.S. pork market by $20 billion a year by limit supply. A preliminary settlement in the antitrust case was filed Tuesday night in federal court in Minneapolis and requires …

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Excellent Damage Handling | Zalma on insurance

Insurance news: Barry Zalma is releasing more insurance education books on Amazon and has created a local community of insurance education videos. After practicing insurance law for over five decades, Barry Zalma, an internationally recognized and award-winning insurance expert and author, releases several educational books on Amazon.com. The publications are designed to inform claimants, special investigation unit investigators, coverage attorneys, …

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What is actual cash value?

Insurance companies, working without legislative or judicial guidance, created a working definition of the term “actual cash value.” Watch the full video at https://rumble.com/v1lqhqf-what-is-actual-cash-value.html and at https://youtu.be/6oj9bqtaEg4 Insurers recognized that ACV in a fire policy was designed to determine a dollar value for items of damaged property that were not new at the time of loss. Because insurers had no …

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Cyber ​​Security Best Practices | Scott insurance

Navigate today’s cyber and data security landscape Save as PDF Businesses in all industries face cyber threats of increasing frequency and severity. It is no longer a question of if your organization will experience a cyber incident, but when. From employment/HR data breaches to operational disruptions to wire fraud and more, today’s landscape is littered with real threats that promise …

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Benefits of life insurance for young families

Get your own quotes here: term life insurance quotes. No contact information is required. Coverage amounts range from $100,000 to over million dollars. Play around with the quote tool to see what works best in your budget. Not sure how much coverage you need? Try our free life insurance needs calculator. Protect your loved ones Term life insurance protects against …

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