Burning Down a House to Show How to Build for Wildfire Defense

Article 0 Comments After only a year into his job as CEO and president of the Insurance Institute for Business and Home Safety, Roy Wright is setting the place on fire. The IBHS conducted a demonstration in early March simulating an active wildfire for media and guests by casting embers […]

Study Examines Impact of California Workers’ Comp Formulary

Article 0 Comments Since California implemented its workers’ compensation formulary last year, an increasing share of drugs prescribed to injured workers are either “Exempt” from prospective utilization review or “Not Listed” in the formulary, while “Non-Exempt” drugs that require UR before they can be dispensed account for a declining share […]

Once Voted SocGen’s Woman of the Year, Former Exec Sues for $6M After Firing

Article 0 Comments A veteran executive who was voted woman of the year at Societe Generale SA is suing the bank at a Paris employment tribunal after colleagues accused her of being a disrespectful control-freak and her bosses decided she was unfit for management. Zeina Bignier, SocGen’s former head of […]

Insurance Agencies’ Profitability Fell But Organic Growth Continued in 2018: Reagan

Article 0 Comments Independent insurance agencies just closed the books on a year in which profitability fell slightly but they continued to grow organically and each major line of business grew, according to the latest survey from Reagan Consulting. Agencies surveyed in the 2018 Organic Growth and Profitability (OGP) survey […]

2018 Was Big Year for Robot Employment

Article 0 Comments U.S. companies installed more robots last year than ever before, as cheaper and more flexible machines put them within reach of businesses of all sizes and in more corners of the economy beyond their traditional foothold in car plants. Shipments hit 28,478, nearly 16 percent more than […]

Highway Fatalities in Kentucky Drop Again in 2018

Article 0 Comments Officials say traffic fatalities on Kentucky highways are down for the second year in a row. The Kentucky Office of Highway Safety that says preliminary figures show there were 722 highway fatalities in 2018, down from 782 in 2017 and 834 in 2016. Office spokeswoman Erin Eggen […]

Brazil Miner Vale Knew Its Tailings Dam Had Higher Risk of Collapse: Reuters

Article 0 Comments Vale SA , the world’s largest iron ore miner, knew last year that the dam in Brazil that collapsed in January and killed at least 165 people had a heightened risk of rupturing, according to an internal document seen by Reuters on Monday. The report, dated Oct. […]

Insurer Offers Employee Benefit Deal: Student Loan Relief for Unused Vacation Time

Article 1 Comments Starting next year, U.S. employees at insurance company Unum Group will have a choice: The company will put money toward their student loans, if the worker gives up five paid vacation days. The new perk is a creative twist on an increasingly popular benefit. Confronted by a […]

Audit of Burst Brazil Tailings Dam Raised Concerns over Drainage, Monitoring

Article 0 Comments A report commissioned by Brazilian miner Vale SA last year, to look into the stability of a tailings dam that ruptured on Jan. 25, certified it as sound but raised concerns over its drainage and monitoring systems. The report by German-based TÜV SÜD, reviewed by Reuters on […]

FEMA Renews $1.3 Billion Reinsurance Program with 28 Carriers

Article 1 Comments The Federal Emergency Management Agency (FEMA) has renewed for the third year a reinsurance program that transfers future catastrophic flood insurance losses to the private sector The 2019 traditional reinsurance placement for the National Flood Insurance Program (NFIP) transferred $1.32 billion of the NFIP’s financial risk to […]