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Georgia Court Says No Double Dip on Auto Policies After Accident
The injured party in an automobile collision cannot double-dip on insurance coverage simply because she calls the payment from the other driver’s policy “punitive damages,” a Georgia appeals court has decided. “The mere fact that Nay’s limited release included a …
POSTED OCTOBER 27, 2021 5:34 AM |
Repairing Mexico City’s Collapsed Metro Could Cost $40M: Grupo Carso
MEXICO CITY – Mexican billionaire Carlos Slim’s Grupo Carso said the cost of repairing a collapsed section of a Mexico City metro rail that caused a fatal accident earlier this year could amount to some 800 million pesos ($40 million). …
POSTED OCTOBER 27, 2021 5:30 AM |
AM Best Downgrades Outlook for Journey Insurance
AM Best credit rating agency has given Florida-based Journey Insurance Co. a financial strength rating of “excellent,” but downgraded the company’s outlook from stable to negative, due to its parent company’s capitalization. Journey, headquartered in St. Petersburg, Florida, is majority …
POSTED OCTOBER 27, 2021 5:14 AM |
Unvaccinated Pilots Costing It Millions in Paid Leave, United Airlines Tells Judge
United Airlines Inc. told a federal judge the company is spending millions on paid leave for unvaccinated pilots because their colleagues “refuse to risk their safety” by flying with them. The leave is costing United about $1.4 million every two …
POSTED OCTOBER 27, 2021 5:00 AM |
Insuring Cannabis Summit: Capacity Still a Centerpiece of Concern
There is little surprise when a conversation about cannabis and insurance turns to the subject of capacity. “Really when it comes to cultivation, processing, there is a bit of a hiccup, it seems in the overall market space, I think …
POSTED OCTOBER 27, 2021 5:00 AM |
Takeaways from Our Conversation on Federal Legalization
It’s part of just about every cannabis conversation: “Hey, it looks like we’re close to seeing cannabis legalized. Is this the year?” There are three promising cannabis bills in Congress – two that would legalize or at least decriminalize cannabis, …
POSTED OCTOBER 26, 2021 11:18 PM |
California Labor Commissioner Cites Grocer $1.1M for COVID Sick Leave Practices
The California Labor Commissioner’s Office cited Bodega Latina (dba El Super grocery stores) in Southern California $1,164,500 for failing to provide or delaying supplemental paid sick leave or other benefits to 240 workers at 38 locations affected by COVID-19. An …
POSTED OCTOBER 26, 2021 9:27 PM |
TWIA Policies Expected to Grow by 5.2% in 2022
The Texas Windstorm Insurance Association expects policies in-force to increase by 5.2% in 2022, according to preliminary budget information shared at a Board of Directors meeting Oct. 25. Policies will increase from a projected 194,054 at December 31, 2021 to …
POSTED OCTOBER 26, 2021 4:41 PM |
OSHA Launches Program To Protect Midwest Workers From Exposure to Hazardous Materials
To reduce employee exposure to health hazards and encourage companies to make workplace safety and health a priority, the U.S. Department of Labor Occupational Safety and Health Administration’s regional office in Kansas City has established a Regional Emphasis Program targeting …
POSTED OCTOBER 26, 2021 4:23 PM |
Insurance Industry Can Expect Global Average Annual Disaster Claims of $106B: AIR
The global insurance industry can currently expect a long-run annual average loss of $106 billion and a greater than a 40% chance of experiencing an annual loss of more than $200 billion in the next decade, according to Boston-based modeling …
POSTED OCTOBER 26, 2021 3:54 PM |
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