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Login Register Subscribe * Risk Management * Cyber Risks * Pricing Trends * Mergers & Acquisitions * Insurtech * Coronavirus * Workers Comp * Pain Management * Workers Comp Cost Control * Workplace Safety * WC Magazine * International * EMEA * Asia-Pacific * Latin America * Research & Reports * Rankings & Directories * Best Places to Work * White Papers * Risk Perspectives * Top 100 Brokers * People * Comings & Goings * Up Close * Executive Q&A's * Opinion * Editorials * Columns * Perspectives * Editorial Cartoons * Employee Benefits * Awards & Events * Break Out Awards * Cannabis & Hemp Conference * Diversity & Inclusion Conference * Innovation Awards * Long Term Care Conference * US Insurance Awards * Webinars * Women to Watch * Women to Watch EMEA * World Captive Forum * Current Issue * Current Issue * Archives * Subscribe * Reprints * D&I Institute CURRENT ISSUE MONDAY, JANUARY 03 * * Load More * LATEST NEWS AND INFORMATION ON BUSINESS INSURANCE, RISK MANAGEMENT, WORKERS COMP * * * * * * ‹ › 123456 WILLIS NAMES FORMER LLOYD’S EXEC TO LEAD COMMERCIAL LINES DATA Willis Towers Watson PLC on Monday said it has named former Lloyd’s of London executive Lou Smith to lead commercial lines data strategy and accelerate digital trading capability in the broker’s insurance consulting and technology business. CAT BOND ISSUANCE HITS RECORD $12.5B: AON Catastrophe bond issuance reached a record $12.5 billion in 2021, topping 2020’s $11.0 billion, according to Aon Securities, a unit of Aon PLC. TRUCKERS FIGHTING VACCINE MANDATE HEAD TO CANADIAN CAPITAL A convoy of truckers started their march from Vancouver on Sunday to the Canadian capital city of Ottawa protesting the government's COVID-19 vaccine mandate for truckers, which the industry says would create driver shortages and fuel inflation. CALIF. BILL ADDS COVID TO OCCUPATIONAL INJURIES FOR HOSPITAL WORKERS Lawmakers in California are considering a bill that would add COVID-19 to the list of diseases suffered by hospital care workers under workers compensation presumption. STATES INTRODUCE MIXED LEGISLATION ON CANNABIS PAYMENTS IN COMP Lawmakers in Kansas, Mississippi, Nebraska and South Dakota are considering bills that would explicitly shield payers from reimbursing injured workers for using medical cannabis yet those in New Jersey are weighing a law that would explicitly require comp to cover cannabis in some circumstances. HIGH COURT CLARIFIES EXCLUSIVE REMEDY FOR GENERAL CONTRACTORS The Illinois Supreme Court ruled Friday that the exclusive remedy provisions of the Workers’ Compensation Act do not extend to a general contractor who is not the employee’s immediate employer. * Most Recent * Most Popular * COVID-19 Update * COLORADO LAWMAKERS SEEK TO AMEND INJURY NOTICE TIME IN COMP Lawmakers in Colorado are considering legislation that would increase more than threefold the time limits for reporting a workplace injury. 10 minutes ago * ALIGNING BETTER OUTCOMES WITH EPISODIC CARE MANAGEMENT Through a value-driven framework for patient engagement, evidence-based care, and best-in-class providers, episodic care management can optimize outcomes and reduce costs. Learn more in a new Risk Perspective by Paradigm. 1 month ago * CAT BOND ISSUANCE HITS RECORD $12.5B: AON Catastrophe bond issuance reached a record $12.5 billion in 2021, topping 2020’s $11.0 billion, according to Aon Securities, a unit of Aon PLC. 20 minutes ago * CALIF. BILL ADDS COVID TO OCCUPATIONAL INJURIES FOR HOSPITAL WORKERS Lawmakers in California are considering a bill that would add COVID-19 to the list of diseases suffered by hospital care workers under workers compensation presumption. 39 minutes ago * WILLIS NAMES FORMER LLOYD’S EXEC TO LEAD COMMERCIAL LINES DATA Willis Towers Watson PLC on Monday said it has named former Lloyd’s of London executive Lou Smith to lead commercial lines data strategy and accelerate digital trading capability in the broker’s insurance consulting and technology business. 1 hours ago * HOWDEN POSTS 48% JUMP IN REVENUE U.K.-based insurance brokerage Howden Group Holdings Ltd.’s revenue surged 48% year-on-year to approximately £1.2 billion ($1.6 billion) in 2021. 2 hours ago * PORT CONGESTION LEADS TO $4.5 BILLION WEEKLY TRADE LOSS Analysts at U.K.-based risk management firm Russell Group Ltd. estimate $4.5 billion worth of trade losses per week due to the ongoing congestion at Shanghai port, which is worsening global business interruption and supply chain risks. 2 hours ago * FIRE AT BATTERY PARTS FACTORY RAISES NEW SUPPLY CHAIN CONCERNS A fire at EcoPro BM Co. Ltd.’s Cheongju, South Korea-based cathode materials factory on Jan. 21 has raised supply concerns for battery makers Samsung SDI Co. Ltd. and SK Innovation’s battery subsidiary SK On. 2 hours ago * PREMIUMS INCREASE BY MORE THAN 27% Data from the Insurance Association of Turkey showed that local insurers’ aggregate premium increased by more than 27% year-on-year to 105.3 billion Turkish lira ($7.8 billion) in 2021. 2 hours ago * PERU DECLARES 90-DAY ENVIRONMENTAL EMERGENCY AFTER OIL SPILL Peru declared a 90-day environmental emergency on Jan. 22 after an oil spill from a tanker ship that was rocked by a tsunami from the eruption of a volcano near Tonga on Jan. 14. 2 hours ago Load More FROM THE ARCHIVES * JANUARY 1970: MUTUAL AID PACT COVERS AIRLINES DURING STRIKES Back in the 70s, when unions were stronger, 16 airlines – most of which disappeared long ago – used a controversial mutual aid pact to insure against lost revenue during strikes. * DECEMBER 1989: FAN DEFEATS CUBS IN COURT A young boy who was hit by a foul ball at a 1983 Cubs game finally won his day in court six years later. In a decision that was later upheld on appeal, a jury awarded the fan compensatory damages. * NOVEMBER 1969: ISLAND DOMICILES COME UNDER FIRE Forty years ago, a U.S. regulator urged policyholders to think twice about dealing with insurers in the “unregulated” Bermuda and Bahamas markets. * OCTOBER 2005: MARKET CLIMATE LURING STARTUPS TO BERMUDA Big losses from a trio of hurricanes – Katrina, Rita and Wilma – led to another round of reinsurer formations in the fall of 2005. * SEPTEMBER 2012: BOMB THREATS TEST CAMPUS RISK MANAGEMENT A rash of bomb threats around U.S. college campuses in 2012 put the focus on security and risk management. Click here to read our profiles of the 2021 Women to Watch honorees Click here to watch the BI Interview video series>> Click here to access the latest issue of Business Insurance. PEOPLE: COMINGS & GOINGS * ALEJANDRO MUÑIZ Company: Generali Category: Insurers * JOHN LACAVA Company: Jencap Category: Brokers Click here for more Comings & Goings PEOPLE: UP CLOSE * STEVE BRYANT Lubbock, Texas-based managing director, higher education risk management leader, Risk Strategies Co.... Read Full Profile * JENNIFER LIVINGSTONE New York-based, head of strategic agency management, Coalition Inc. Read Full Profile Click here for more Up Close Profiles PEOPLE: VIEW FROM THE TOP * VIEW FROM THE TOP: ROBERT L. COHEN, IMA FINANCIAL GROUP Click here for more Views from the Top SPONSOR INSIGHTS * ALIGNING BETTER OUTCOMES WITH EPISODIC CARE MANAGEMENT Through a value-driven framework for patient engagement, evidence-based care, and best-in-class providers, episodic care management can optimize outcomes and reduce costs. Learn more in a new Risk Perspective by Paradigm. READERS POLL Your response has been saved successfully. Please select one option. OFF BEAT * MAYBE YOU’RE BORN WITH IT; OR MAYBE IT’S YOUR FACE MASK Believe it or not, the COVID-19 pandemic’s top risk management strategy may also make one more attractive, according to a study conducted at Cardiff University in England. * WALMART: SOMETHING FOR EVERYBODY, JUST NOT PANTS FOR FEMALE TRUCKERS A female delivery driver for Walmart Inc. is suing her employer in a federal class-action lawsuit alleging the retailer provides work pants and laundry services for men but not for female truckers. * INSURANCE SECTOR DODGES GREAT RESIGNATION WOES As a record-breaking number of American workers continue to sever ties with their employers, the insurance industry has managed to retain employees better both in volume and tenure, according to a new report by Capital Relocation Services. * FEDS GO AFTER DISGRUNTLED BOSS AFTER EMPLOYEE’S NOT-SO-SLICK COMPENSATION The U.S. Department of Labor announced Wednesday that it has filed a lawsuit against a Georgia auto repair shop owner who paid former worker final wages in oily pennies, claiming the move amounted to retaliation and more. * SUIT ALLEGES TEAMS ENJOYING FALSE HOME-STATE ADVANTAGE A class-action lawsuit has been filed in U.S. District Court against the NFL, New York Giants, New York Jets and MetLife Stadium in New Jersey claiming the Giants and Jets, playing in New Jersey, are improperly and illegally benefitting from the use of “New York” in their team names. * TOP 10 OFF BEATS FROM DECEMBER Peloton stories grabbed two of the top four Off Beat spots in December, while a lawsuit over a Disneyland pass rode to the top. * NO APOLOGIES IN NIRVANA BABY LAWSUIT Did the man who alleged the band Nirvana used his baby photo on the cover of one of the rock band’s most celebrated albums without his permission say “nevermind” to his lawsuit? * CHRISTMAS COMES EARLY FOR SANTA IN A 6% WAGE HIKE Inflation woes won’t follow Kris Kringle into the new year, Insure.com says. Based on salary information from comparable jobs from the Bureau of Labor Statistics, the North Pole’s most famous and beloved resident qualified for a 6% wage increase. * DECK THE HALLS WITSHBELSHOFHOLLEEE! Eighteen percent of people admit to decorating their Christmas trees while hitting the eggnog a little too hard, and 10% of people have reported getting injured while decorating, according to an online survey of 2,050 consumers by ValuePenguin.com. * AY CARAMBA! HOMER SIMPSON’S ACCIDENTS REALLY ADD UP A Los Angeles law firm wanted Americans to understand the high costs of not having health insurance. So they turned to Homer Simpson's decades of antics: 50 memorable incidents from the show's 706 episodes across 31 seasons to come to the $143 million in medical bills, which is 443 times more than the average American. 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