YouTube could be liable to pay damages for unauthorized uploads
Germany’s top court has recently ruled that online platforms such as U.S.-based video sharing platform YouTube could be liable to pay copyright damages over unauthorized uploads even if the content is posted by a third party.
Law allows small businesses to form group health consortiums
A new Virginia law would allow small businesses to create benefit consortiums to pool their risks and lower their health care costs.
Rite Aid partnership to increase health care services at rural locations
Rite Aid Corp. is the latest pharmacy giant to step into health care delivery through a new partnership with rural home care startup Homeward Health Inc.
Report details hassles under shared public health plan software
Since California expanded health coverage under the Affordable Care Act in 2013, many people have been mistakenly bounced between Covered California, the state’s marketplace for those who buy their own insurance, and Medi-Cal, the state’s Medicaid program for low-income residents.
Measure would increase skilled nursing benefits for retired state workers
New York lawmakers on June 1 sent legislation to the governor’s desk that is meant to bolster health care for retired public employees in the state.
Lawsuit accuses DOL of unfounded bias against crypto in retirement plans
An investment adviser seeking to let workers invest their retirement funds in cryptocurrency sued the U.S. Department of Labor on June 2, saying it acted arbitrarily in telling plan administrators to exercise “extreme care” around digital assets.
Hint Health raises $45 million funding to serve direct primary care providers
Hint Health, a health care software company, has raised $45 million to help support direct primary care providers and virtual-first care models.
Marine insurers stare at multi-billion-dollar losses from Ukraine war
U.S.-based Property Claim Services Inc. has warned that the war in Ukraine could lead to multi-billion-dollar insured marine losses due to the business interruption at ports and terminals, blocking and trapping, cargo loss and stranding of ships.
European reinsurers, Lloyd’s underwriters record huge COVID-19 losses
U.S.-based J.P. Morgan Chase & Co. said that European reinsurers and underwriters at Lloyd’s of London were severely affected by the COVID-19 pandemic-related losses but there could be greater clarity over actual losses two years down the line.
Legislation would expand health insurance coverage of medical marijuana
The New York Senate approved a bill on June 1 that would require public health insurance programs to cover medical marijuana expenses and clarify that private insurers are allowed to do the same.
Washington to enforce emergency heat, wildfire smoke rules
The Washington State Department of Labor and Industries announced that employers will be required to monitor temperatures and air quality throughout the summer and take steps to protect workers from heat and smoke hazards.
High court allows parking lot injury lawsuit to proceed
The Oklahoma Supreme Court on Wednesday said a worker who was severely injured crossing a busy highway to get to work can sue his employer.
Hylant expands captive business to North Carolina
Hylant Group Inc. said Thursday it has expanded its captive business to North Carolina and hired former Strategic Risk Solutions Inc. executive Julia Schroeck as senior account manager, based in Charlotte.
Vermont names next captive division leader
Sandy Bigglestone has been named to succeed David Provost as deputy commissioner of the captive insurance division of the Vermont Department of Financial Regulation in Montpelier.
Colorado State ups Atlantic hurricane season forecast
The Department of Atmospheric Science at Colorado State University in Fort Collins has increased its forecast to a well-above-average Atlantic basin hurricane season this year.
Cyber rates climb, D&O market gets capital: USI
Rates for cyber insurance continued to climb, while the directors and officers market has gotten some needed capital, according to a report Friday from USI Insurance Services Inc.
Terminated bank execs age bias case reinstated
A banks terminated, 64-year-old senior vice president provided sufficient evidence to survive summary judgment dismissing his age discrimination case, a federal appeals court ruled Thursday, in overturning a lower court ruling and reinstating the litigation.
Nationwide unit prevails in COVID case
The 11th U.S. Circuit Court of Appeals in Atlanta on Friday continued its recent flurry of pro-insurer, COVID-19 business interruption rulings by deciding against an Acworth, Georgia-based restaurant in its litigation against a Nationwide Mutual Insurance Co. unit.
The BI Top 10: Week of May 30, 2022
This weeks news has been dominated by executive moves and changes. Also of note: Cargo theft costs are rising in the U.S.
Allianz to keep 49.9% stake in Russian operations after sale
Allianz SE said on Friday it would sell a majority stake in its Russian operations to the owner of a Russian insurer as it sought to pare its footprint in the country after the invasion of Ukraine.