Insurance Journal – Page 194 – Ben Few & Company, Inc.

Insurance Journal | December 1, 2022

Risk Managers Want More Involvement in Organizational ESG Strategy: WTW Survey

More than half of risk managers are significantly involved in their organization’s environmental, social and governance (ESG) efforts, but 77% believe they should take an active or more active role in ESG strategy and initiatives, according to a survey of …

Insurance Journal | December 1, 2022

Florida Consultant on Demotech Alternatives Faced Issues in Other States, Reports Show

A Mississippi-based consulting firm hired to figure out Florida’s insurance company financial rating conundrum has faced scrutiny in other states after audits found improper disbursement of funds, long delays in projects and other issues. Horne LLP, based in Ridgeland, Mississippi, …

Insurance Journal | December 1, 2022

Delaware Judge Blocks Dr. J Lawsuit Against Branding Firm, Passes Case to Arbitration

A Delaware judge on Monday halted a lawsuit filed by basketball legend Julius Erving against a brand-development and marketing company, ruling that the dispute must go to arbitration. The lawsuit by the Hall of Fame player known as “Dr. J” …

Insurance Journal | December 1, 2022

California Labor Commissioner Cites Car Wash $900K for Wage Theft

The California Labor Commissioner’s office cited Shine N Brite Car Wash $908,998 for wage theft violations affecting 15 workers. The Los Angeles-based employer was cited for minimum wage, overtime and rest break violations. An investigation reportedly showed that workers, who …

Insurance Journal | November 30, 2022

People Moves: Texas DWC Announces Executive Staff Changes

Texas Department of Insurance DWC announces executive staff changes The Texas Department of Insurance, Division of Workers’ Compensation (DWC), headquartered in Austin Texas, has announced several executive staff changes. Erica De La Cruz is now deputy commissioner of claims and …

Insurance Journal | November 30, 2022

Trial Over Arkansas Youth Gender Care Ban Resumes

LITTLE ROCK, Ark. (AP) _ A psychiatrist called to the stand by Arkansas as the state defends its ban on gender-affirming care for children said Monday he was concerned about the impact the law could have on some transgender youth …

Insurance Journal | November 30, 2022

Ex-Iowa Insurance Agent Charged With Forgery, Fraud Sales Theft

Joseph Drahozal, age 57, of Cedar Rapids was charged with one count of Forgery (Class D Felony), two counts of Fraudulent Sales Practice under $10,000 (Class D Felony), and one count of Theft in the third degree (Aggravated Misdemeanor) following …

Insurance Journal | November 30, 2022

Safety Procedures Not Enforced Before Michigan School Shooting

OXFORD, Mich. (AP) – Policies and procedures that could have prevented a mass shooting that left four students dead at a Michigan high school last year were approved earlier but never implemented, two former school board officials said Monday. Tom …

Insurance Journal | November 30, 2022

La. Supreme Court to Hear Appeal of Rare Policyholder Victory in COVID Claim

The Louisiana Supreme Court has agreed to review an appellate court decision that found the COVID virus caused a direct physical loss that was covered by insurance. The Louisiana high court announced Tuesday that it will take up an appeal …

Insurance Journal | November 30, 2022

Insurance Broker BMS Group’s Owners Weigh Its Sale, With £600 Million Valuation

British Columbia Investment Management Corp. and Preservation Capital Partners are considering a sale of BMS Group that could value the insurance broker at more than £600 million ($720 million), people familiar with the matter said. The investment firms are working …