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US Workers More Glum on Compensation and Work Prospects, New York Fed Says
Insurance Journal | August 19, 2024
US Workers More Glum on Compensation and Work Prospects, New York Fed Says
U.S. workers are growing more sour with their employment compensation, according to a survey released on Monday by the New York Federal Reserve. In its Survey of Consumer Expectations Labor Market Survey for July, the regional Fed bank said that …
Hidden Report Reveals Worker Illnesses From Ohio Derailment Cleanup
Insurance Journal | August 19, 2024
Hidden Report Reveals Worker Illnesses From Ohio Derailment Cleanup
The creeks around East Palestine, Ohio, were so badly contaminated by last year’s disastrous Norfolk Southern derailment that some workers became sick during the cleanup. Workers who reported headaches and nausea — while shooting compressed air into the creek bed, …
California Commissioner Moves to Implement Insurance Rate Review Reforms
Insurance Journal | August 9, 2024
California Commissioner Moves to Implement Insurance Rate Review Reforms
California Insurance Commissioner Ricardo Lara on Friday released a statement on his latest administrative action designed to address the state’s homeowners insurance crisis. Lara today issued a bulletin implementing rate review reforms he says will help stabilize the state’s insurance …
Judge Tosses Suit Alleging Excessive Force During Dakota Access Pipeline Protest
Insurance Journal | August 9, 2024
Judge Tosses Suit Alleging Excessive Force During Dakota Access Pipeline Protest
BISMARCK, N.D. (AP) — A federal judge in North Dakota has thrown out the remainder of a lawsuit by an Arizona man who alleged excessive force was used against him when he was protesting the Dakota Access oil pipeline. In …
Oklahoma Contractor Faces $85K Fine Over Fatal Trench Collapse
Insurance Journal | August 9, 2024
Oklahoma Contractor Faces $85K Fine Over Fatal Trench Collapse
An Edmond, Oklahoma contractor with a history of workplace safety violations dating back to 2018, including three related to the dangers in underground trenches, was found disregarding U.S. Department of Labor regulations. In February 2024, investigators with the department’s Occupational …
Court Orders Regulators to Fix Process, Reconsider Gas Export Projects in South Texas
Insurance Journal | August 9, 2024
Court Orders Regulators to Fix Process, Reconsider Gas Export Projects in South Texas
McALLEN — A federal court struck down a regulatory agency’s authorization of two controversial, multi-billion-dollar gas export projects in far South Texas, one of which is already under construction. The ruling orders federal regulators to correct procedural deficiencies before reconsidering …
Oil and Gas Power Lines Suspected of Causing Texas Panhandle Wildfires
Insurance Journal | August 1, 2024
Oil and Gas Power Lines Suspected of Causing Texas Panhandle Wildfires
When a spate of wildfires tore across the Texas Panhandle in February and scorched 20,000 acres of Craig Cowden’s ranch near Skellytown, he decided he had had enough. Cowden took on a second unofficial job: looking for possible fire hazards …
People Moves: JM Wilson Adds and Promotes Transportation Underwriting Team Members
Insurance Journal | August 1, 2024
People Moves: JM Wilson Adds and Promotes Transportation Underwriting Team Members
JM Wilson, headquartered in Portage, Michigan, added new members to its transportation underwriting team. Olga Jaquet was promoted to senior transportation underwriter, responsible for underwriting new and renewal commercial transportation risks and working with carrier underwriters and independent insurance agents …
Howden to Acquire Allianz UK’s Musical Insurance Book
Insurance Journal | August 1, 2024
Howden to Acquire Allianz UK’s Musical Insurance Book
Howden, the global insurance intermediary group, today announces that it has agreed to acquire the Musical Insurance book from Allianz UK and will incorporate its customer base and marketing and operations teams into Howden’s established music scheme, Lark Music. Financial …
Markets/Coverages: Coalition Introduces Active Cyber Insurance in Germany
Insurance Journal | August 1, 2024
Markets/Coverages: Coalition Introduces Active Cyber Insurance in Germany
Coalition, the San Francisco-based cyber managing general agent and cyber-security firm, announced the launch of its Active Cyber Insurance in Germany through its subsidiary, Coalition Insurance Solutions GmbH. Coalition’s offerings became available on Aug. 1, 2024. Cyberattacks and IT system …