18 09, 2024

Construction Workers Recover $77K After Being Denied Prevailing Wage

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A U.S. Department of Labor investigation has recovered $77,206 in back wages for five workers employed on a federally funded construction project after finding one subcontractor failed to pay prevailing wages and fringe benefits and another submitted falsified payroll records. …

18 09, 2024

HEMIC in Hawaii Issuing $5 Million Dividend to Policyholders

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Hawaii Employers’ Mutual Insurance Company Inc. is giving policyholders the largest dividend in the workers’ compensation carrier’s history. The HEMIC board of directors recently announced a $5 million dividend to qualifying policyholders. The company credits HEMIC’s steady growth and policyholder …

18 09, 2024

Maine Commission Considers Public Flood Insurance Option

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State leaders tasked with reviewing Maine’s preparations and responses to climate change-fueled natural disasters are at a crossroads. While Maine has seen seven federal disaster declarations for severe storms and flooding in the past three years, statewide enrollment in federally-backed …

18 09, 2024

Home Insurance Customers Staying Put Despite More Shopping Around: J.D. Power

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Chubb, AIG, and Amica lead other insurers in J.D. Power’s assessment of customer satisfaction for home insurance, but the consumer intelligence company said more people are shopping around. The good news for insurers is that only 2.2% actually switched—and that’s …

18 09, 2024

Viewpoint: How Insurance Industry Can Use AI Safely and Ethically

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Executive Summary: Artificial intelligence (AI) is on the brink of transforming most aspects of business, including insurance, but it needs to be used responsibly, according to Zywave Chief Technology Officer Doug Marquis, who takes a look at the some of …

18 09, 2024

Bump in Federal Trade Secret Litigation Seen in 2023: Report

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Analytics from Lex Machina 2024 Trade Secret Litigation Report reveals a rise in trade secret cases filed in federal district court in 2023, along with the continued steady trend of trade secret cases that involved Defend Trade Secret Act (DTSA) …

18 09, 2024

Insurers Say Dark Fleet Oil Tankers Pose a Major Claims Risk

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Marine insurance markets face significant risk from the growth of a shadow fleet of ships hauling oil from sanctioned producers like Russian and Iran, an industry group said. The opaque nature of the ownership of those vessels makes it hard …

18 09, 2024

Africa Floods Affect 4 Million People, Deepen Food Crisis

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Floods across 14 central and West African nations have affected at least 4 million people — rendering many of them homeless — killed about 1,000 and are devastating crops in a region that’s already short of food and plagued by …

18 09, 2024

Canada Relaxes Some Mortgage Insurance Rules to Tackle Housing Crisis

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Canadian Finance Minister Chrystia Freeland on Monday announced changes to some mortgage rules as part of an effort to make housing more affordable, a critical political issue that has hurt Prime Minister Justin Trudeau and his Liberal government. Freeland said …

18 09, 2024

Central Europe Races Against Time as Flood Waters Approach

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Volunteers and emergency personnel worked through the night to fortify the Polish city of Wroclaw against approaching flood waters, while Hungary opened a dam as the prime minister warned a “crucial period” was approaching. The worst floods to hit central …