Business Insurance

Business Insurance serves as a trusted news and information platform for executives focused on managing risks and their effects on business operations. It offers valuable insights for risk managers, benefits managers, insurers, brokers, and other insurance product and service providers. The platform provides comprehensive analysis on both new and emerging risks, showcases successful case studies, delivers market intelligence on industry trends, and offers advice on seizing opportunities while addressing challenges. Business Insurance addresses essential areas of risk management and insurance, including property and casualty insurance, health insurance, captive insurance, alternative risk transfer options, and enterprise risk management.

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OSHA releases 2024 injury, illness data for all workplaces

6 days ago | businessinsurance.com | Louise Esola

The Occupational Safety and Health Administration on Thursday released 2024 workplace injury and illness data collected from its Injury Tracking Application, providing searchable data for individual workplaces required to electronically submit records. The data comes from 370,000 reports submitted on OSHA Form 300A Summary of Work-Related Injuries and Illnesses and is provided via a spreadsheet.
Washington governor signs panic button safety bill

1 week ago | businessinsurance.com | Louise Esola

Washington Gov. Bob Ferguson on Wednesday signed into law a bill that requires employers to train “isolated” employees on the use of panic buttons as a safety protocol, piggybacking on a 2019 law that requires the use of panic buttons for certain workers.
Allianz Commercial hires former Sompo claims leader

1 week ago | businessinsurance.com | Claire Wilkinson

Allianz Commercial, part of Allianz SE, Thursday named former Sompo International claims leader Melissa Hill as regional head of claims for North America. She replaces Frank Sapio, who is retiring at the end of April. Atlanta-based Ms. Hill reports to Shanil Williams, CEO of Allianz Commercial North America, and chief regions officer, Americas, and to Thomas Sepp, chief claims officer at Allianz Commercial. Ms. Hill previously was strategic claims transformation lead at Sompo.
Illinois bars AI in workers comp proceedings

1 week ago | businessinsurance.com | Louise Esola

The Illinois Workers’ Compensation Commission on Wednesday issued a notice to attorneys and all self-represented litigants that the use of artificial intelligence and recording devices is prohibited during proceedings. The notice addresses procedural rules for monthly status calls, pre-trial trials, oral arguments and review call conferences.
MMC leaders say tariffs likely to drive up cost of risk

1 week ago | businessinsurance.com | Claire Wilkinson

Tariffs will likely be inflationary to the overall cost of risk, top executives at Marsh & McLennan Cos. Inc. said Thursday, as the brokerage reported higher first-quarter revenue but a decline in profit. Insurance rates continued to soften in several major lines in the quarter, led by property, despite the elevated risk landscape, the executives said. Marsh McLennan reported $7.06 billion in revenue for the quarter, a 9% increase from the same period last year.
Travelers CEO sees tariff impact on company as ‘manageable’

1 week ago | businessinsurance.com | Gavin Souter

Increases in automobile and property insurance loss costs should be manageable if the Trump administration’s tariffs remain in place, Travelers Cos. Inc.’s top executive said Wednesday as the insurer reported catastrophe-hit first-quarter results. However, Travelers Chairman and CEO Alan Schnitzer, said it’s too early to tell how the economic uncertainty will affect the insurer’s policyholders.
OSHA announces public hearing on heat injury and illness prevention

1 week ago | businessinsurance.com | Louise Esola

After uncertainty regarding the future of the Occupational Safety and Health Administration’s pending heat standard, the Department of Labor on Wednesday announced that it will host a virtual public hearing on its proposed rule to protect workers from hazardous heat exposure in indoor and outdoor workplaces.
Caleb Weir

1 week ago | businessinsurance.com | Brian Gaynor

NFP Corp., an Aon PLC company, named Kansas City, Missouri-based Caleb Weir senior vice president, construction and infrastructure in its Central region. Previously, Mr. Weir was vice president and client advocate at IMA Financial Group Inc.
Brenden Beeg

1 week ago | businessinsurance.com | Brian Gaynor

Amwins Group Inc. named Denver-based Brenden Beeg vice president for alternative risk. Previously, Mr. Beeg was senior vice president of brokering at Plover Parametrics, a New York-based insurtech specializing in parametric coverage. Mr. Beeg was a 2023 Business Insurance Break Out award winner.
Amwins hires parametric specialist

1 week ago | businessinsurance.com | Claire Wilkinson

Amwins Group Inc. Tuesday named parametric insurance specialist Brenden Beeg vice president for alternative risk. Mr. Beeg will report to Alex Kaplan, executive vice president for alternative risk. Denver-based Mr. Beeg most recently was senior vice president of brokering at Plover Parametrics, a New York-based insurtech specializing in parametric coverage. Prior to that, he managed business development for Descartes Underwriting SAS, a France-based parametric managing general agency.