Browsing: Business Insurance

The Lloyd’s Market Association (LMA) is increasing its direct engagement with the US insurance market to build on Lloyd’s existing substantial presence in North America.

Chubb has awarded a $94 million contract for the interior fit-out of its new Philadelphia headquarters, signaling a major expansion and job growth in the state.

Chubb’s expansion in Pennsylvania includes a commitment to add at least 1,250 jobs and enhance its apprenticeship program.

A new legislative proposal could deny state-backed insurance to condominium associations that fail to meet building safety standards, sparking debate over affordability and resident displacement.

Texas-based firm Higginbotham announces partnership and integration of insurance tracking service.

The entertainment industry faces renewed scrutiny regarding workplace harassment, especially in light of the #MeToo movement, leading to changes in filming protocols, the rise of intimacy coordinators, and shifts in the insurance market.

A recent law change in New York allowing workers to file for workers’ compensation for mental injuries due to ‘extraordinary work-related stress’ is expected to increase claims and litigation. Experts offer perspectives on implications, potential legal challenges, and the ongoing precedent-setting cases.

The increasing frequency and severity of wildfires, particularly in California, are driving greater adoption of sophisticated risk management tools within the insurance industry.

Changes within the EEOC and new executive orders are contributing to the uncertainty regarding transgender worker rights. Experts predict legal battles and potential shifts in enforcement.

Allstate is using AI to handle customer claims, claiming that it results in clearer and more compassionate interactions. This move may signal a shift in the insurance industry.