Commercial Lines
Flurry of Briefs Filed Supporting, Opposing OSHA COVID-19 ETS in U.S. Supreme Court
With the January 7, 2022, oral argument over the Occupational Safety and Health Administration (OSHA) Vaccine or Test Emergency Temporary Standard (ETS) in the U.S. Supreme Court fast-approaching, ...
Formaldehyde Exposure at Work Linked to Cognitive Problems Later
A new study suggests that long-term exposure to formaldehyde at work may be associated with cognitive impairment later on. A variety of jobs expose people to formaldehyde, a strong-smelling gas used ...
Wilson Passing Baton to Tizzio as AXIS Insurance CEO
Vincent C. Tizzio, a former executive vice president for The Hartford, is taking a new role as a senior advisor at AXIS Capital, with a transition to the position of chief executive officer of AXIS ...
KCC Estimates $1B in Insured Losses From Colorado Wildfire
Catastrophe modeling firm KCC estimates the insured loss from the recent Colorado wildfire could be $1 billion. With nearly 1,000 structures destroyed, KCC said the Marshall Fire is the most ...
D&O Insurance Specialist IDs a Fourth Variant of COVID Shareholder Suits
Even over a holiday weekend, alerts were hitting the newswires in advance of Jan. 3—the deadline for shareholders of ON24 to apply for lead plaintiff status in a lawsuit against the online event ...
Workplace Fatalities Fell 10.7% in 2020, While Severe Illness Cases Rose
Worker deaths decreased by 10.7 percent in 2020 compared to 2019, with 4,764 fatal workplace injuries, according to the Bureau of Labor Statistics in its annual report on workplace fatalities for ...
COVID-19 Claims of $44B Is Third-Largest Catastrophe Loss: Howden
Insured losses of $44 billion from COVID-19 so far represent the third-largest cost to insurers of any catastrophe, behind only Hurricane Katrina and the 9/11 attacks, insurance broker Howden said on ...
Businesses Can Expect to Spend $13.5B on Repairs Due to Flooding in 2022
A new report estimates that U.S. businesses could spend about $13.5 billion in 2022 to repair or replace flood-damaged commercial buildings. The same report finds that businesses could lose more than ...