Just as several other U.S. states are bragging about the growing number of captive insurers domiciled there – and are making changes to attract more captives – Alabama regulators have declared a temporary moratorium on those types of insurance companies. …
As Some States Welcome More Captives, Alabama DOI Declares Moratorium on Them Read More »
The Virginia Supreme Court has upheld a ruling that Amazon Flex drivers are employees and not independent contractors while criticizing the company for changing its arguments after it lost in prior decisions. Amazon Logistics failed to convince the high court …
Virginia’s Top Court Rejects Amazon’s ‘Zig-Zag’ in Upholding Flex Drivers as Employees Read More »
First came a dry spell that parched the land, then a spark, followed by some wind. Suddenly, swaths of South Carolina were consumed by voracious flames. More than 100 fires ignited in the state last weekend — an unusually high …
Cascading Extreme Weather Events Unleash Billions in Damages Globally Read More »
A Washington timber company was fined $114,300 for reportedly violating state and federal child labor regulations. The violations involve a 17-year-old worker, who was reportedly injured while working on one of MVR Timber Cutting Company’s logging operations. The Washington State …
Washington Timber Company Fined $114K for Child Labor Violations Read More »
More than a year after the Honolulu City Council created a program to reduce the city’s backlog of building permit applications, the city’s permitting department director said she’s close to starting the program. The delay, said Department of Planning and …
Honolulu Allowing Some Developers to OK Their Own Projects Read More »
This post is part of a series sponsored by Darkhorse Insurance. Before venturing into independent insurance sales, it’s crucial to consider the variable earnings potential, which is influenced by a range of factors. Let’s explore some of the key factors …
How Much Do Independent Insurance Agents Make? Read More »
By L.S. Howard Businesses are now required to implement robust workplace violence prevention plans in Californiaounder a new law that became effective in July 2024. But risk management experts warn that compliance needs to be more than a check-the-box exercise …
Premium renewal rates were up again in fourth-quarter 2024 but continue to trend lower for most commercial lines products. Premiums increased year over year for all major commercial lines, except workers’ compensation, according to the January 2025 results of the …
A Look at Rate Trends Read More »
This is obviously a warped paraphrase of the famous line from ìThe Treasure of the Sierra Madre,î ìBadges! I donit need no stinkini badges!î Warped is the insurance world we live in, and here is what the future holds for …
I Don’t Need No Stinkin’ Insurance Agent Read More »
By Chad Hemenway The Federal Emergency Management Agency said in February that it needs to borrow $2 billion from the U.S. Treasury to cover claims from National Flood Insurance Program policyholders. FEMA, administrator of NFIP, said it expects to pay …
FEMA to Borrow $2 Billion to Pay Flood Claims After Hurricanes Helene and Milton Read More »
