Belarusian carriers banned from flying into EU airspace, airports
The Council of the European Union has banned Belarusian airlines from flying into the EU airspace or accessing any of the airports across the EU member countries.
Over 50% of insurance brokerage revenue earned by top 20 brokers
A report by U.K.-based insurance industry insights provider Insuramore Ltd. showed that the worlds top 20 insurance broking groups accounted for 52% of the global insurance broking revenues (fees and commissions) earned in 2020.
Lancashire wont insure Carmichael mine, Trans Mountain pipeline
U.K.-based insurer and reinsurer Lancashire Holdings Ltd. has distanced itself from providing insurance coverage to Adani Group’s Carmichael coal mine in Queensland, Australia, and the Trans Mountain oil pipeline in Canada.
Employers contribute to HSAs
More employers were contributed at the start of the year to their employees’ health savings accounts than in the year prior.
Pension plan funding moving up
The funding of corporate pension plans continues to improve.
The benefits employees are seeking
With the number of COVID-19 cases declining, more employees are going back to their employers’ workplaces, but they would like their employers to make certain changes.
Medical costs to rise this year
Employers can expect their employees to incur more medical bills this year.
How COVID-19 impacted defined contribution plans
A majority of employers surveyed by BlackRock said more employees than usual took or borrowed from their defined contribution plans because of the COVID-19 pandemic.
Colorado bill to cut health insurance costs passed by state lawmakers
Health insurers will have to offer a new health plan option to small employers and individuals under legislation recently approved by the Colorado legislature.
Panic life insurance purchase is the new bad hairstyle
A research report for Expertise.com that found many young Americans panic bought life insurance during the pandemic and now 21% of them regret it.
JBS to pay up to $5.5M to settle bias charges
JBS USA LLC, which does business as JBS Swift & Co., will pay up to $5.5 million to settle a bias lawsuit filed by the U.S. Equal Employment Opportunity Commission.
NY legislature passes bill enabling civil suits against gunmakers
The New York state legislature has passed a bill that would give plaintiffs the private right of action to file civil lawsuits against gun manufacturers and dealers.
OSHA plans to tackle infectious disease standard in 2022
The Occupational Safety and Health Administrations stalled infectious disease standard could get a boost next year with the agency seeking to increase its budget for rulemaking by more than 50%.
Exclusive remedy doesnt bar discrimination claim
The New Jersey Supreme Court ruled Tuesday that the states exclusive remedy provision in workers compensation law does not bar a school district from being sued for allegedly failing to accommodate a diabetic teacher who fell at work because a late lunch schedule caused her to suffer from low blood sugar.
Founder Shield unit adds coverage for social media influencers
Scale Underwriting Services LLC, a managing general agent and a Founder Shield company, has launched media liability coverage for social media influencers and their agencies with up to $5 million in limits available.
Aon sees early Q3 close on Willis deal
Aon PLC plans to close its $30 billion proposed purchase of rival Willis Towers Watson PLC as early as possible in the third quarter, according to Aon CEO Greg Case.
Cyber premiums, loss ratio up sharply in 2020: Survey
Cyber premiums increased 21% in 2020 from 2019, but insurers loss ratio increased as well, a survey found.
Insurtech company secures $100M more in funding
San Francisco-based insurtech company Embroker Inc. said Wednesday it has secured an additional $100 million in funding, which will permit it to expand into becoming a licensed insurer.
IMA unit buys wholesale insurance brokerage
An IMA Financial Group Inc. unit said Wednesday it has acquired Professional Lines Underwriting Specialists Inc., an Austin, Texas-based wholesale insurance brokerage that specializes in management and professional liability.
McDonalds racial discrimination charges dismissed
A federal district court in Chicago on Wednesday dismissed a potential multibillion-dollar lawsuit by Black franchise owners that charged McDonald’s Corp. with racial discrimination, stating the lawsuits charges were vague.