Industry News

​Can Firms Exiting Russia Recoup Losses Through Insurance?See how insurance and international arbitration might soften the blow to those companies, which stand to lose billions of dollars.Judge Reinstates Trump Independent Contractor Rule Withdrawn by BidenA federal judge in Texas has nixed the Biden Department of Labor's withdrawal of a Trump administration rule governing whether a worker is an employee or an independent contractorPush to Relax Marijuana Laws Hits RoadblocksFacing a tough midterm election and divisions in Congress, the Biden administration is sidestepping the politically sensitive issue of loosening marijuana laws even as the idea has gained support of most Americans.Only 3% of White Collar Workers…

​NY Fines Two Insurers $4.2M for Alleged Reporting FailuresNY Superintendent of Financial Services Adrienne A. Harris today announced that Zurich American Insurance Company and Progressive Direct Insurance Company have entered into separate Consent Orders with the Department of Financial Services resolving DFS's investigations into the companies' failure to timely report certain insured vehicle information to the Department of Motor Vehicles.Experts Confirm Cyber Incidents Up Since Invasion of Ukraine; Insurance Underwriters AdaptingSince the start of the war in Ukraine, the number of cyber incidents in the U.S. has increased, and underwriters will need to adapt, according to a panel of experts at the PLUS Cyber Symposium.How…

​"Unprecedented" Rise in Auto Thefts – Insurance Crime Bureau Issues WarningMajor cities across the US have seen an “unprecedented" surge in auto thefts and carjackings in recent years, the National Insurance Crime Bureau (NICB) has warned.Roof Inspection Tech Could Speed Claims Process, Prevent LossRoof inspections after storms are often costly and inconvenient. New technology could streamline the process for insurance companies and customers.Small Businesses Are Big Targets for Fund Transfer FraudThe 'low-tech' cybercrime saw big increases in losses and frequency among operations with less than $25M in annual revenue.Women Are Underrepresented in Independent Agency LeadershipA new study from Safeco Insurance and Liberty Mutual Insurance shows…