FTC Ban on Worker Noncompete Agreements Blocked by Federal Judge
A federal judge ruled the US Federal Trade Commission can’t enforce its near-total ban on noncompete agreements that was set to go into effect next month, blocking an effort by the agency to make labor markets more competitive. In a …
Alphabet’s Waymo Robotaxi Unit Doubles Its Paid Rides In Three Months
Alphabet’s Waymo said on Tuesday it had doubled its paid rides to 100,000 per week in just over three months as the autonomous ride-hailing firm expanded its areas of service and allowed more people to ride its robotaxis. Waymo’s expansion …
People Moves: Lawley Adds Scaffidi and Moran, Promotes Belizaire
Lawley, headquartered in Buffalo, New York, named Phil Scaffidi as employee benefits consultant in Buffalo, Joe Moran as an insurance advisor in Florham Park, New Jersey, and Carl Belizaire as insurance advisor in Buffalo. Before Lawley, Scaffidi served as senior …
Flood-Stricken Connecticut Seeks Emergency Assistance from Federal Agencies
Connecticut Governor Ned Lamont has submitted a request to President Joe Biden and the Federal Emergency Management Agency (FEMA) for a federal emergency declaration for Fairfield , New Haven, and Litchfield counties in response to the extreme flooding that damaged …
Specialist Risk Group Acquires UK-Based Anthony James Insurance Brokers
Specialist Risk Group (SRG), the London-based insurance intermediary, announced the acquisition of Anthony James Insurance Brokers, subject to regulatory approval. Financial details of the transaction were not disclosed. This latest acquisition further expands and strengthens SRG’s retail pillar, Specialist Risk …
Markets/Coverages: Marsh Launches $50 Million Port Blockage Insurance Facility
Marsh, the insurance broker and Marsh McLennan subsidiary, announced the launch of a first of its kind $50 million port blockage insurance facility, covering shipping ports and terminals around the world. Created by Marsh following the collapse of the Francis …
Beryl-Battered Grenada Becomes 1st Country to Use Government Bond Hurricane Clause
Grenada has become the first country in the world to use a so-called hurricane clause in a government bond – a special feature that allows authorities to postpone debt payments in the wake of a major natural disaster. The move …
SME Broker Ardonagh Advisory to Acquire UK-Based R.K. Henshall
Ardonagh Advisory, Ardonagh Group’s SME broking platform, has agreed to acquire UK chartered insurance broker R.K. Henshall & Co. Ltd. Financial details of the transaction, which is subject to regulatory approval, were not disclosed. Established in 1976, R.K. Henshall & …
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
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, …
Arkansas Governor Declares Emergency After Thunderstorms Knock Out Power
LITTLE ROCK, Ark. (AP) — Arkansas Gov. Sarah Huckabee Sanders issued an emergency declaration Saturday after severe thunderstorms knocked down power lines in the northwestern part of the state. Storms with strong winds blew through that part of the state …
Michigan DIFS Bulletin Issues Guidance on AI Use in Insurance Industry
The Michigan Department of Insurance and Financial Services (DIFS) released a bulletin this month addressing the growing use of artificial intelligence in the insurance industry. The bulletin clarifies DIFS’ expectations and outlines the responsibilities that insurers have when they adopt …
Verisk: US Reconstruction Costs Rose 5.2% From Last Year
Total reconstruction costs in the U.S. rose by 5.2% from July 2023 to July 2024. That’s a large increase from the cost growth from July 2022 to July 2023 (4.0%) and over the cost growth in the second quarter (1.6%), …
14-Year-Old Dies After Collapsing During Football Practice in Alabama
NEW BROCKTON, Ala. (AP) — A 14-year-old football player in Alabama died Tuesday after collapsing during afternoon practice. Semaj Wilkins, a freshman at New Brockton High School, suffered a medical emergency early in practice Tuesday afternoon, Coffee County Coroner Arnold …
California Commissioner Invites Input on Final Phase of Wildfire Modeling Regulation
California Insurance Commissioner Ricardo Lara has invited public input as he begins the final phase of approving a “first of its kind” catastrophe modeling and ratemaking regulation that “will help restore options for all Californians and prepare for the reality …
Texas Jury to Decide if a Student’s Parents are Liable in Deadly School Shooting
DALLAS (AP) — An attorney for the parents of a Texas student accused of killing 10 people in a 2018 school shooting near Houston told trial jurors Friday that they didn’t know their son would have a psychotic breakdown. Lawyers …
Skyward Specialty Launches Aviation Program
Houston’s Skyward Specialty Insurance Group announced it is launching an aviation program in partnership with Acceleration Aviation Underwriters. The partnership between Skyward Specialty and Acceleration Aviation introduces a robust program that extends coverage to commercial and general aviation aircraft, fixed …
Net Zero’s Carbon Removal Conundrum
To achieve net-zero emissions, where emissions and removals of greenhouse gas pollution balance each other out, governments and corporations must do two things: cut emissions as much as possible and remove any residual pollution from the atmosphere. To gauge the …
Lawsuit: Student with Down Syndrome Subjected to Abuse in Kansas School
An employee of a rural Kansas school district repeatedly shoved a teenager with Down syndrome into a utility closet, hit the boy and once photographed him locked in a cage used to store athletic equipment, a lawsuit claims. The suit …
UK Insurers Call for Rule Change to Establish Captive Insurance Regime
Senior figures in the insurance industry are calling on the UK to restart work on a potential new market worth billions of pounds as part of a drive to boost competitiveness. Executives have written to Chancellor Rachel Reeves calling for …
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