Financial crime compliance costs for the U.S. and Canada are at nearly $50 billion in 2021, a rise of almost 20% from the year before, according to a new LexisNexis study. Labor costs, more regulations and evolving crime threats are …
Federal investigators are seeking the cause of an Amtrak train derailment near a switch on tracks in the middle of vast farmland in far northern Montana that killed three people and left seven hospitalized over the weekend. The westbound Empire …
Technology-enabled workers’ compensation and payroll services provider Omaha National Group, Inc. announced a $45 million Series B round led by Accomplice. The company said it plans to use the funds to support its transition to operating as a direct insurance …
Amid the Boy Scouts of America’s complex bankruptcy case, there is worsening friction between the BSA and the major religious groups that help it run thousands of scout units. At issue: the churches’ fears that an eventual settlement — while …
Brit Ltd., the London-based insurer and subsidiary of Fairfax Financial Holdings, announced that Matthew Wilson, group CEO, will be taking an indefinite leave of absence due to health reasons. During this period, Martin Thompson will step in as interim group …
Federal officials filed two lawsuits in Texas courts, alleging that a pharmacy in Fabens and a coffeehouse in Ft. Worth both discriminated against employees with disabilities that rendered them vulnerable to serious illness if they contracted COVID-19. The two employers …
Louisiana extended the emergency rule that allows suspension of insurance related statutes in the 25 parishes affected by Hurricane Ida, the insurance department said. The Louisiana Department of Insurance reported that Emergency Rule 47 is being reissued to extend the …
A worker at a North Carolina plant was taken to a hospital over the weekend after a crane collapsed onto a truck, officials said. A Fayetteville fire department official said the crane fell on the cab of a truck while …
Indiana Dunes National Park closed its beaches and a northwest Indiana water utility shut down an intake facility after an orange substance apparently spilled from a U.S. Steel plant into a Lake Michigan tributary, a mayor said. Portage Mayor Sue …
Written premium for 2020 was $1.9 billion, or 12%, below that for 2019 and was the lowest since 2012, according to a new report out from the Workers’ Compensation Insurance Rating Bureau. Written premium for the first two quarters of …