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9 12, 2025

Excavator Bucket That Crushed Worker Leads to $170K Fine for Washington Contractor

By | December 9th, 2025|Uncategorized|Comments Off on Excavator Bucket That Crushed Worker Leads to $170K Fine for Washington Contractor

A contractor was fined $170,000 for workplace violations that resulted in a 3,000-pound excavator bucket falling on an employee in southwest Washington. The Rotschy Inc. construction company was hit with $170,000 in fines from the Washington State Department of Labor …

9 12, 2025

People Moves: Chubb Overseas General Insurance Promotes Shead to Head of Property; QBE Taps AIG’s Smallridge as UK Casualty Portfolio Manager

By | December 9th, 2025|Uncategorized|Comments Off on People Moves: Chubb Overseas General Insurance Promotes Shead to Head of Property; QBE Taps AIG’s Smallridge as UK Casualty Portfolio Manager

This edition of International People Moves details appointments at Chubb and QBE. A summary of these new hires follows here. Chubb Promotes Shead to Head of Property, Overseas General Insurance Chubb announced that Aaron Shead has been appointed to executive …

10 12, 2025

California Again Delays Wildfire Protection Rules for Homes

By | December 10th, 2025|Uncategorized|Comments Off on California Again Delays Wildfire Protection Rules for Homes

A California state agency won’t meet Gov. Gavin Newsom’s year-end deadline to finish long-delayed regulations to protect homes from wildfires, rules that experts say could have limited the destruction of the January Los Angeles firestorms. At a meeting of the …

9 12, 2025

One of Highest Property Claims Severity Recorded in Q3 on Low Volume, Says Verisk

By | December 9th, 2025|Uncategorized|Comments Off on One of Highest Property Claims Severity Recorded in Q3 on Low Volume, Says Verisk

A new report from Verisk has found that property insurance claims volume during the third quarter 2025 was the lowest it has been in the past five years but claims severity during the period was one of the highest in …

9 12, 2025

Chubb, The Hartford, Liberty and Travelers Team Up on Surety Tech Launch

By | December 9th, 2025|Uncategorized|Comments Off on Chubb, The Hartford, Liberty and Travelers Team Up on Surety Tech Launch

Four surety companies—Chubb, The Hartford, Liberty Mutual and Travelers—announced the launch of a technology company that will feature a shared digital infrastructure to advance the surety industry. According to a brief media statement, the formation of SuretyBind, LLC, will initially …

10 12, 2025

Education Dept. Workers Targeted in Layoffs Return to Tackle Civil Rights Backlog

By | December 10th, 2025|Uncategorized|Comments Off on Education Dept. Workers Targeted in Layoffs Return to Tackle Civil Rights Backlog

The Trump administration is bringing back dozens of Department of Education staffers who were slated to be laid off, saying their help is needed to tackle a mounting backlog of discrimination complaints from students and families. The staffers had been …

9 12, 2025

Register Now for IJ’s ‘AI Tools for Agents’ Demo Day on Dec. 10

By | December 9th, 2025|Uncategorized|Comments Off on Register Now for IJ’s ‘AI Tools for Agents’ Demo Day on Dec. 10

Insurance Journal’s Risky Future series will host the “AI Tools for Retail Agents” Demo Day, which offers free AI tool demonstrations designed exclusively for retail insurance agencies. The latest online event offers retail agents an opportunity to evaluate innovative and …

9 12, 2025

Trump Ban on Wind Energy Projects Ruled Illegal by Federal Judge

By | December 9th, 2025|Uncategorized|Comments Off on Trump Ban on Wind Energy Projects Ruled Illegal by Federal Judge

Less than a year after President Donald Trump banned new wind projects, a federal judge ruled the president’s executive order was illegal. US District Judge Patti Saris said Monday the order is “arbitrary and capricious and contrary to law,” siding …

9 12, 2025

Viewpoint: Mapping Evolving Regulatory Terrain for MGAs, MGUs and Other DUAEs

By | December 9th, 2025|Uncategorized|Comments Off on Viewpoint: Mapping Evolving Regulatory Terrain for MGAs, MGUs and Other DUAEs

As the regulatory landscape around the delegated underwriting authority enterprise (DUAE) market evolves, global authorities have introduced stricter compliance measures, risk management expectations and governance frameworks. The increasing alignment with international regulatory standards highlights the trend toward enhanced oversight of …

9 12, 2025

Jury Finds Agent Guilty of Twice Misappropriating Client’s Insurance Funds

By | December 9th, 2025|Uncategorized|Comments Off on Jury Finds Agent Guilty of Twice Misappropriating Client’s Insurance Funds

A Baltimore County jury has found Michael C. Okolo, of Parkville, Maryland, guilty of two counts of insurance fraud and one count of obstruction of justice. According to Maryland Attorney General Anthony G. Brown Okolo was found to have twice …