Industry News
OSHA Says Amazon.com Exposed Workers to Safety Hazards
A U.S. government agency has issued citations against Amazon.com Inc. for failing to keep warehouse workers safe by exposing them to ergonomic hazards that resulted in serious injuries. The ...
Drenching In California: Most Homeowners Have No Flood Insurance
Last Sunday morning, Kyle Starks woke up to floodwaters that reached the door of his Jeep after yet another heavy rain storm drenched California. Emergency crews showed up with boats to float Starks ...
Laid Off Tech Workers Are About to Get Help—From Allstate
Allstate Corp. plans to tap the pool of recently fired tech workers to help the insurer overhaul its business. The company—best known for auto and home policies—is investing in technology ...
The Latest Launches from Ivans, Vertafore, Kin
Ivans announced the launch of Ivans Insights, a business intelligence service that delivers carriers and managing general agencies new channel insights derived from a distribution network. The first ...
Liberty Mutual Considers $1 Billion Latin America Sale
Liberty Mutual Holding Co. is exploring a sale of its Latin America businesses as part of the US insurer's divestment plans from non-core markets, according to people with knowledge of the matter. ...
Cyber and Business Interruption Top 2023 Threats: Allianz Risk Barometer
According to Allianz's Risk Barometer 2023, cyber incidents and business interruption rank as the biggest company concerns for the second year in a row. At the same time, macroeconomic developments ...
Louisiana Lawmakers Considering Special Session to Address Insurance Crisis
As Louisiana continues to be plagued by insurance woes, with insurers leaving or going out of business in the hurricane-stricken state, some lawmakers say a special legislative session to address the ...
AM Best Downgrades California Earthquake Authority Credit Ratings
AM Best downgraded the Financial Strength Rating of California Earthquake Authority to "B++" (Good) from "A-" (Excellent) and the Long-Term Issuer Credit Rating to "bbb+" (Good) from "a-" ...