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.
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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.
U.S. House Votes to Repeal Labor Board Rule on Contract, Franchise Workers
The Republican-led U.S. House of Representatives on Friday voted to repeal a federal labor board rule set to take effect in February that would treat companies as the employers of many contract and franchise workers and require them to bargain with those workers’ unions.
Morgan Stanley to Pay $249M to Settle U.S. Trading Fraud Charges
Morgan Stanley will pay $249 million to settle civil and criminal charges connected to stock trades where it disclosed key information that it promised to keep confidential, US authorities announced Friday.
Quaker Oats Expands Product Recall for Salmonella Contamination Risk
Quaker Oats, the famous oatmeal maker owned by PepsiCo, has expanded a recall for certain granola bars and cereal products issued in December over a possible salmonella contamination risk.
‘Remarkable’ Surge in Auto Insurance Costs Fans U.S. Inflation
Motor vehicle insurance premiums skyrocketed by 20.3% in December from a year earlier, the largest increase since the mid-1970s, the government data showed.