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Virginia governor signs workplace heat illness prevention bill
10+ hour, 57+ min ago (144+ words) businessinsurance. com Virginia governor signs workplace heat illness prevention bill Virginia Gov. Abigail Spanberger on Monday signed legislation establishing a framework for workplace heat illness prevention standards, creating new compliance considerations for employers and their insurers. S. B. 288 directs the state's Safety…...
Bill would mandate environmental due diligence for fashion companies
1+ week, 5+ day ago (195+ words) A bill introduced Thursday in the New York Senate would require large fashion companies to map supply chains, disclose environmental impacts and meet greenhouse gas reduction targets. S. 9740 would establish the "fashion environmental accountability act" and apply to companies with more…...
Hailstorms drive convective storm losses: Allianz
2+ week, 1+ day ago (241+ words) Hailstorms are driving as much as 80% of insured losses from severe convective storms and are a leading cause of commercial property damage, according to a report issued Tuesday by Allianz Commercial. Industries including pharmaceuticals and cosmetics, aviation and automotive are…...
Utah court limits employer liability waiver rule, revives ski resort defense
2+ week, 6+ day ago (304+ words) The Utah Supreme Court on Thursday narrowed a longstanding rule barring employer liability waivers and revived a ski resort's defense against negligence claims brought by two former employees injured in an off-duty accident. In'Deer Valley Resort Co. v. Olson, the court…...
Axa XL offers pollution, general liability package policy
2+ week, 6+ day ago (139+ words) Axa XL on Thursday launched its environmental combined form offering policyholders pollution insurance and general liability coverage as a package. Supported lead excess coverage is available over primary combined general liability and pollution, auto liability and employers liability, Axa said…...
Edison utility defeats shareholder lawsuit over LA wildfires
1+ mon, 6+ day ago (315+ words) (Reuters) " The parent company of Southern California Edison won the dismissal of a lawsuit alleging it defrauded shareholders prior to the January 2025 Los Angeles-area wildfires by assuring it had significantly reduced the risk of losses from such catastrophes. Shareholders accused…...
Trump revokes basis of US climate regulation
2+ mon, 3+ day ago (435+ words) (Reuters)The administration of President Donald Trump tookitsmost sweeping action to reverse U. S. action on climate change on Thursday, announcing the repeal of a scientific finding that greenhouse gas emissions endanger human health that served as the legal basis for federal…...
Trump's repeal of climate rule opens new pathway for litigation
2+ mon, 4+ day ago (380+ words) (Reuters)The Trump administration's imminent repeal of an Obama-era scientific finding that greenhouse gases pose a public health threat could open up a new pathway for filing lawsuits against power-plant operators and other companies. Legal experts said the policy reversal…...
Parametrics give captives a new lever for catastrophe risk
2+ mon, 1+ week ago (413+ words) ORLANDO, Fla. " Captives can be used to transform traditional indemnity coverage into a parametric program and to tailor coverage for catastrophe-exposed risks, a panel of experts said. Policyholders can often see significant savings on lower layers of excess insurance towers,…...
Georgia bill addresses worker heat protection
2+ mon, 1+ week ago (157+ words) A bill in Georgia would impose new workplace safety requirements to protect employees from extreme heat. H. B. 1071 would amend state labor law to require employers by 2027 or 2028, depending on the size of the business, to adopt heat illness prevention programs when…...