Industry News

Industry Roundup: Clock Ticking for Workers Refusing Vaccines; Industries with Most Hacker Heat; OSHA Moving Toward Vaccine Mandate; & More

​First Jury to Hear Business Interruption Case Sides with InsurerIn the first jury trial considering a COVID-19 business interruption case, The Cincinnati Insurance Co. Inc. was freed from having to cover the losses of a Kansas City, Missouri, restaurant management group that was forced to close at least nine locations as a result of coronavirus stay-at-home orders.Weapons Exclusion Clause Puts the Onus on Bar Owner After StabbingThe U.S. Court of Appeals for the Fifth Circuit ruled that an insurance company doesn't have to protect a bar against personal injury claims by patrons who were stabbed there as the establishment's policy from the Houston Specialty Insurance…

Continue ReadingIndustry Roundup: Clock Ticking for Workers Refusing Vaccines; Industries with Most Hacker Heat; OSHA Moving Toward Vaccine Mandate; & More

Industry Roundup: ​Auto Insurers Face Mounting Claims Costs Post-Pandemic; More Organizations Are Saying ‘No’ To Ransomware Demands; U.S. Infrastructure Bill Offers the Groundwork for Personalized Insurance

​Auto Insurers Face Mounting Claims Costs Post-PandemicSurging vehicle repair and replacement costs will significantly slash underwriting margins of the country's car and truck insurance providers as claims rebound to pre-pandemic levels.Judge Stands by Decision to Deny Dismissal of Bi SuitThe case involves the important issue of whether the COVID-19 virus causes “physical loss or physical damage." In the motion for reconsideration, Continental Casualty cited several decisions from New York and Illinois asserting that courts in both jurisdictions overwhelmingly found that the presence of the virus does not trigger coverage under a policy requiring “direct physical loss or damage to property."More Organizations Are Saying 'No' To…

Continue ReadingIndustry Roundup: ​Auto Insurers Face Mounting Claims Costs Post-Pandemic; More Organizations Are Saying ‘No’ To Ransomware Demands; U.S. Infrastructure Bill Offers the Groundwork for Personalized Insurance

Reminder: HERO Act Safety Committee Requirement Takes Effect Nov. 1

​Many private employers in New York State must permit their employees to form workplace safety committees starting next Monday. The requirement is part of the New York State HERO Act​, which became law last May and was amended in June. If you have 10 or more employees, you must permit them to form a committee if they so choose. Section 2​ of the HERO Act, which takes effect on Nov. 1, states, "Employers shall permit employees to establish and administer a joint labor-management workplace safety committee, but not more than one committee per worksite, provided however that an employer that already has a workplace safety committee…

Continue ReadingReminder: HERO Act Safety Committee Requirement Takes Effect Nov. 1