National News

Medical Price Index Shows Increases in Workers’ Comp and Auto Injury Services Costs

Physician charges per unit increased by 11% nationally for worker’s compensation from the first quarter of 2020 through the first quarter of 2023, a new report shows. Enlyte’s latest Quarterly Medical Price Index Report delves into first- and third-party auto …

NCCI Identifies ‘Big 3′ Workers’ Comp Issues to Watch

Employers will face three major workplace safety challenges in the coming years, but all can be mitigated through evolving safety solutions, workers’ compensation professionals say. The report, Challenges for Today’s Worker–The Big Three: Physical Space, Mental Health and Environmental Impact, …

Banks Face Record Number of U.K. Lawsuits as Economy Stumbles

Banks in the UK are embroiled in the highest number of lawsuits in a decade in a trend that shows no sign of slowing down. Almost three new cases involving financial services firms were filed every day on average at …

Hurricane Beryl Leaves Thousands in Texas Without Power

More than 1.5 million homes and businesses in Texas lost power after Hurricane Beryl made landfall in the state, bringing howling winds and driving rain that knocked out electric lines. The storm made landfall shortly before 4 a.m. local time …

The Battle Over J&J’s Bankruptcy Plan to End Talc Lawsuits

Eron Evans died in 2016 at 41 of ovarian cancer, leaving behind two daughters. Her grieving mother, Darlene, blames Johnson & Johnson’s Baby Powder – and she’s pursuing a lawsuit her daughter started a decade ago, alleging the company’s talc …

Boeing to Plead Guilty to Fraud for Violating Deal Over 737 Max Crashes

Boeing Co. agreed to plead guilty to criminal conspiracy to defraud the US after the Justice Department concluded the planemaker failed to adhere to an earlier settlement stemming from two fatal crashes of its 737 Max jetliner. Under the agreement …

The Key Role of Workplace Safety Education in Small Business Insurance

It’s no surprise that a recent survey we conducted shows 25% of small businesses don’t feel secure in their understanding of workers’ compensation coverage and regulations. With many still feeling the talent shortage impact from the pandemic, they don’t often …

GEICO to Pay $6 Million to Settle Auto Adjusters’ Claims of Unpaid Overtime Hours

Insurer GEICO has agreed to pay $6 million to settle claims by auto damage claims adjusters who allege the insurer failed to pay them for all hours they worked “off-the-clock.” The settlement affects 806 adjusters countrywide who worked for GEICO …

Report: Insured Losses from Beryl in Jamaica and Caymans $400M-$700M; Mexico’s Yucatan Less Than $1B

Insurable losses from Hurricane Beryl across Jamaica and the Cayman Islands will be between $400 million and $700 million, while estimated insurable losses in Mexico’s Yucatan Peninsula are also less than $1 billion, according to catastrophe modeler CoreLogic. CoreLogic’s estimated …

Crypto Hacking Thefts Double to $1.4B in First Half of 2024, Researchers Say

The amount of cryptocurrency stolen in hacks globally more than doubled in the first six months of 2024 from a year earlier, driven by a small number of large attacks and rising crypto prices, blockchain researchers TRM Labs said on …

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