Liberty Mutual announced the launch of ProShield, a packaged solution providing private companies and non-profits streamlined access to Directors & Officers, Employment Practices Liability, Fiduciary and Crime coverages, and the appointment of Brent Tan as Senior Director, Financial Lines Underwriting.
Author: Annie George
California Regulators Grant Auto Rate Hikes Up to 31%; 75 Requests Still Pending
California regulators are approving strong private passenger automobile insurance rate increases, with a significant number in the 21% to 31% range.
Citizens Looking to Reduce Policies in Effort to Help ‘Fix’ Florida’s Insurance Crisis
“We want insurance to be affordable, but that’s why we need to have more competition; we need to have more private companies coming back into the state,” said Citizen’s CEO, Tim Cerio.
Freelancers File First Lawsuit Challenging Biden Independent Contractor Rule
A group of freelance writers and editors has sued the U.S. Department of Labor, claiming the Biden administration’s new rule making it more difficult for companies to treat some workers as independent contractors is illegal and should be struck down.
OSHA Increases Civil Penalty Amounts for 2024
he Occupational Safety and Health Administration (OSHA) increased the penalties for workplace safety violations effective January 16 to maintain their deterrent effect and promote compliance with the law.
InsurX Launches Digital Direct and Facultative Property Platform
Digital capacity exchange InsurX said it launched a platform in the direct and facultative property market with the participation of London brokers and underwriters.
Health Insurers Must Streamline Prior Authorization Decisions, New Rule Says
The Biden administration on Wednesday finalized requirements to streamline the process for doctors and patients seeking health insurance approval for medical care and treatments.
APCIA Opposes Federal Natural Catastrophe Backstop Bill
Federal solutions to a state-regulated industry should be carefully considered, as evidenced by the fact that federal taxpayers are currently at risk from $20.525 billion debt already owed by the National Flood Insurance Program, according to the APCIA.
Cyber Events Top Global Business Risk for 2024: Allianz
Cyber incidents such as ransomware attacks, data breaches, and IT disruptions are the biggest worry for companies globally in 2024, according to the Allianz Risk Barometer.
USI: Commercial Auto Liability Markets to Seek Rate Increases in 2024
USI predicted flat renewals to rate increases of 5% for accounts with good loss history and a range of 20% to 30% for more troubled accounts.