- Karen Clark pegs Hurricane Ian losses at $63 billion
Boston-based catastrophe modeler Karen Clark & Co. said Friday insured losses from Hurricane Ian in the U.S. and the Caribbean will be close to $63 billion. - Ian to firm up property rates; insurers positioned to absorb losses: S&P
Hurricane Ian is likely to be a significant loss event for the U.S. property/casualty and global reinsurance sectors and is expected to accelerate the firming of property rates in 2023, Standard & … - Courier to pay $575,000 for misclassifying drivers under FLSA
The Department of Labor said Friday that a courier service will pay $575,000 in back wages and liquidated damages to 62 drivers under a consent order for allegedly misclassifying drivers as independen … - EEOC sues emergency transport companies over beard policy
The U.S. Equal Employment Opportunity Commission said Friday it has filed suit against emergency transport companies for discriminating and retaliating against applicants and employee first responders … - Specialty Underwriting offers cover focused on real estate
Specialty Underwriting Insurance Solutions, an excess casualty managing general agent, said Friday it is introducing coverage targeted at real estate owners and real estate investment trusts with larg … - Military contractor must prove worker was employee to avoid suit
An appeals court in Texas on Wednesday ruled that a military contractor must prove a worker was an employee to avoid a “substantial jury award” over negligence stemming from a workplace accident in 20 …