Industry News
Juul Agrees to Pay $1.2 Billion in Youth-Vaping Settlement
Juul Labs Inc. has agreed to pay $1.2 billion to resolve about 10,000 lawsuits targeting the e-cigarette maker as a major cause of a U.S. youth-vaping epidemic, according to people familiar with the ...
Florida Bills Offer Broad Attack on Insurance Costs: Legal Fees, AOBs, Reinsurance
After years of what some insurers have labeled half-measures, Florida lawmakers appear to be on the cusp of delivering "historic" and "transformational" reforms that would end one-way attorney fees, ...
AmTrust: Mental Stress, Other Restaurant Injuries Up Since COVID
According to a new report by AmTrust Financial Services, while overall restaurant injuries are down, specific injuries, including crushing, fainting, inflammation, strains and mental stress are up ...
State Farm Still Dealing With Return of Its Workforce: CEO Tipsord
State Farm CEO Michael Tipsord said the nation's top property/casualty insurer will likely never be the same following the pandemic — and that may be a good thing. "I don't think we'll ever go back ...
Increase in Car Accidents? Blame Weather, Time of Day—Not Pot Decriminalization
Actuarial research released last week suggests that marijuana decriminalization is not associated with a notable increase in traffic accidents or accident severity. Temporal patterns of human ...
Tech Bytes: New Partnerships at Edge, GPS Insight, bolttech
Edge, a human resources technology company that provides HR services, entered into a strategic partnership with Linchpin IT, a national InsurTech that specializes in serving the technology and ...
State Farm Will Start Hiking Auto Rates, Allstate CEO Predicts
Allstate's chief executive officer said his company will likely continue pushing for auto insurance rate hikes next year, and he expects the carrier's largest mutual competitor—State Farm—to move ...
Executives on the Move at Neptune Flood, Chubb, W.R. Berkley
Neptune Flood Inc. announced that Matthew Duffy has been named chief risk officer. He has spent the last 18 months as Neptune's director of Risk Management & Internal Audit. Prior to joining ...