‘Great Resignation’ Enters Third Year as Workers Embrace AI, Upskilling, PwC Says
The proportion of workers who expect to switch employers in the next 12 months is higher than that from the “Great Resignation” period of 2022, a PwC survey of the global workforce found. Around 28% of more than 56,000 workers …
Food Safety Regulators Expand Bird Flu Testing in Milk Products
The U.S. Food and Drug Administration has begun testing more dairy products for evidence of the bird flu virus as outbreaks spread among dairy herds across the country. More than 120 dairy herds in 12 states have tested positive for …
People Moves: Aon’s Mann, Trombino and Younger Join WTW Financial Institutions Team; Former Fortitude CEO Bracken Hired as Zurich NA CFO
WTW appointed three former Aon executives to roles within its financial institutions and professional services industry division, a part of Corporate Risk and Broking (CRB) North America. Heather Mann, based in Miami, joins WTW from Aon, where she spent the …
GEICO Tops Progressive With Higher J.D. Power Scores
Although Berkshire Hathaway’s Warren Buffett and Ajit Jain told investors last month that GEICO is playing catch-up with Progressive to improve technology and connect rate to risk, Berkshire’s personal auto insurer still surpasses Progressive on customer satisfaction. According to the …
CDK Tells Customers Dealer System Likely Down Until June 30
Car dealerships crippled by a cyberattack on software provider CDK Global probably won’t have their systems restored until the end of the month. In a message to clients Tuesday, CDK warned dealerships that because the outages could persist until June …
Report: Nearly All California Worker’s Comp IMR Filings Were Eligible for Review
Nearly all independent medical review filings were deemed eligible for review last year, slightly less than the annual percentage for those filed in 2022, according to California Division of Workers’ Compensation’s annual report on the IMR program. IMR is the …
Dali Cargo Ship Leaves Baltimore for Virginia, Nearly 3 Months After Bridge Collapse
The cargo ship Dali headed out of Baltimore for Virginia on Monday, nearly three months after it lost power and crashed into one of the Francis Scott Key bridge’s supporting columns and caused the bridge to collapse. The 984-foot Dali …
Washington Commissioner Asks Insurers to Extend Additional Living Expenses for Wildfire Victims
Washington Insurance Commissioner Mike Kreidler is asking insurers to extend the additional living expenses benefit for wildfire victims who are nearing their 12-month limit on that coverage. Many policies that include additional living expenses coverage, which provides funds to pay …
People Moves: Kelly, Cochrane and Gagne Join King Insurance; Alliant Adds Wimsatt
Florida-based King Insurance Partners hired new team members at its Manchester, New Hampshire location. Kathy Kelley, commercial lines manager, has been in the insurance industry for over 25 years in the Manchester area, previously serving as partner at Richard E …
Floodwaters Force People From Homes in Some Parts of Iowa
Floodwaters forced people out of their homes in parts of Iowa, the result of weeks of rain, while much of the United States longed for relief Saturday from yet another round of extraordinary heat. Sirens blared at 2 a.m. in …
R&Q Files for Provisional Liquidation in Bermuda; Agrees to Sell Legacy Unit Inceptum
R&Q Insurance Holdings Ltd. confirmed that on June 21 it had filed with the Bermuda Supreme Court an application to appoint joint provisional liquidators to oversee the liquidation and ultimately the winding up of the company. The company anticipates that …
Markets/Coverages: FloodFlash Offers Parametric Flood Product Across US
FloodFlash announced its expansion to cover all mainland US locations. The sensor-enabled parametric flood insurer provides flood coverage in excess of the National Flood Insurance Program (NFIP) where the private markets are unable to quote, particularly in real estate, sports …
Blaze at South Korea Lithium Battery Plant Kills 22 Workers
A lithium battery factory in South Korea was set on fire after multiple batteries exploded on Monday, killing 22 workers, most of them Chinese nationals, fire officials said. The fire and a series of explosions ripped through the factory run …
Dallas Will Feel Like 107 With Heat and Humidity: Weather Watch
Heat advisories are in place across the central and southern US — from South Dakota to Texas. Dallas is forecast to see highs above 98F (36.6C) this week, but the humidity through Tuesday will make it feel closer to 107, …
Ohio Pork Processing Plant Faces 43 Violations for Ammonia Exposure
A Sandusky, Ohio pork processing facility exposed workers to a release of ammonia gas, leading the U.S. Department of Labor to open two inspections and issue 43 violations of federal regulations. Investigators with the department’s Occupational Safety and Health Administration …
Facial Recognition Startup Clearview AI Settles Privacy Suit for $50M
CHICAGO (AP) — Facial recognition startup Clearview AI reached a settlement Friday in an Illinois lawsuit alleging its massive photographic collection of faces violated the subjects’ privacy rights, a deal that attorneys estimate could be worth more than $50 million. …
Climate Change Amplifies Deadly Heat Wave Sweeping Across Southwestern US, Mexico
Human-caused climate change dialed up the thermostat and turbocharged the odds of this month’s killer heat that has been baking the Southwestern United States, Mexico and Central America, a new flash study found. Sizzling daytime temperatures that triggered cases of …
Texas Pet Products Manufacturer Fined $278K Over Employee’s Facial Burns
A federal workplace safety investigation of a global manufacturer and distributor of pet products in Arlington, Texas identified one willful violation and eight serious violations of required safety regulations during its investigation into how an employee suffered severe facial burns …
Cyber Insurance Market ‘Stable’ With Potential for Growth, Says AM Best
According to industry rating agency AM Best, there are enough positive factors to give the cyber insurance market a ‘stable’ outlook despite a stall in premium growth. Analysts at AM Best issued a segment outlook and report Monday, and said …
Four Minor Early Morning Earthquakes Hit Southern California
Four small earthquakes occurred in California in the early Monday morning hours, according to the U.S. Geological Survey. A magnitude 3.2 earthquake struck near Cobb at a depth of 1.1 miles, a M2.9 quake hit two miles southeast of Highland …
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