6 06, 2024

Tech Update: USI Launches Tech-Enabled Risk Control Platform; Baldwin Group Starts API-Connected Placement Platform for Cyber

By | June 6th, 2024|Uncategorized|Comments Off on Tech Update: USI Launches Tech-Enabled Risk Control Platform; Baldwin Group Starts API-Connected Placement Platform for Cyber

USI Insurance Services (USI) announced the launch of PATH (patent pending), a proprietary technology-enabled risk control platform for clients. The new platform leverages industry-specific benchmark data to generate tailored risk control solutions to address organizations’ top claim drivers based on …

6 06, 2024

Rise in Texas Crop Insurance Payouts Driven by Drought

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The financial costs of drought in Texas have risen rapidly over recent decades, according to a new analysis of federal crop insurance data. The nonprofit Environmental Working Group, a longtime critic of the federal crop insurance program based in Washington, …

6 06, 2024

Wisconsin Manufacturer Faces $177K After Worker Fatally Struck

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Federal investigators have concluded that an Appleton, Wisconsin pallet manufacturer’s failure to train employees in machine safety procedures — and ensure the procedures were followed — contributed to the fatal injuries suffered by a 57-year-old employee struck by the carriage …

6 06, 2024

Iowa to Pay $3.5M to Family of Student Who Drowned in Rowing Accident

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DES MOINES, Iowa (AP) — Iowa officials agreed Tuesday to pay $3.5 million in a settlement agreement with the family of an Iowa State University student who drowned after a school crew club boat capsized in cold, rough waters. The …

6 06, 2024

US Regulators to Open Antitrust Inquiries of Microsoft, OpenAI and Nvidia

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The U.S. Justice Department and the Federal Trade Commission have reached a deal that allows them to proceed with antitrust investigations into the dominant roles that Microsoft, OpenAI and Nvidia play in the artificial intelligence industry, according to a source …

6 06, 2024

ALKEME Acquires Louisiana’s Hardwick Insurance

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ALKEME, announced the acquisition of Hardwick Insurance, a commercial and personal specialist located in Lafayette, Louisiana. This strategic acquisition marks ALKEME’s expansion in the Southern United States and enhances its portfolio with Hardwick’s specialized expertise in commercial and personal insurance, …

6 06, 2024

Green Bay Packers’ Jordan Love Named American Family Insurance Brand Ambassador

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American Family Insurance announced today Jordan Love, Green Bay Packers quarterback, has signed on as the company’s newest brand ambassador. Jordan becomes the latest addition to this group of fearless dreamers, who will continue the company’s strategy of promoting and …

6 06, 2024

State Work-Release Prisoner Killed in Blast While Welding Fuel Tank

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A state prisoner on a work-release program was killed in a fuel tank explosion while he was working as a welder for an employer in Rockport, the Maine Department of Corrections said last Saturday. Sean Rancourt was welding the diesel …

6 06, 2024

Private Equity Firm Invests in Injured Worker Case Manager Allegiant Medical Care

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Council Capital, a healthcare-focused private equity firm, has acquired Allegiant Managed Care, a nurse case management company providing services within workers’ compensation and other property/casualty insurance lines. Terms of the transaction were not disclosed. Based in Pittsburgh, Allegiant Managed Care …

6 06, 2024

PacifiCorp to Pay $178M in Latest Settlement Over Deadly 2020 Oregon Blazes

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Pacific Power, part of PacifiCorp, said Monday it has agreed to a $178 million settlement with over 400 Oregon plaintiffs in the latest multimillion-dollar payout related to the deadly 2020 wildfires that ravaged the state. In other cases that have …