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Report reveals impact of US tariffs on global insurance sector
“Despite these large trade and market disruptions, we believe that the impact on most well-diversified insurance companies is manageable,” said Nadja Dreff, senior vice president, sector lead Global Insurance & Pension Ratings, Morningstar DBRS. “We expect insurers will take mitigating actions in the form of premium increases, adjustments to supply chains, tighter control of expenses,…
Texas court rules police escort officer not entitled to workers’ comp
Anderson, a commissioned reserve police officer with the Galena Park Police Department, operates a side business providing uniformed motorcycle police escort services to private entities such as funeral homes, athletic teams, and trucking companies. This work, which requires a licensed peace officer, is performed using Anderson’s own police motorcycle, siren, emergency lights, uniform, and other…
Sun Life broadens paid family leave coverage to 14 states
New markets strengthen employer offerings and boost workforce support initiatives Source link
New York appeals court reinstates dispute over Central Insurance Agency’s purchase of Korman Insuran
The decision, issued on April 23, 2025, by the Appellate Division, Second Department, involves the 2018 planned sale of M.R. Korman Insurance. Veteran broker John Bures had negotiated to buy the agency from Marshal R. Korman. But before the agreement was signed, Marshal Korman passed away. Source link
New Mexico court issues ruling on medical marijuana costs coverage
However, the court sided with the defendants, namely Blue Cross and Blue Shield of New Mexico, Presbyterian Health Plan Inc., and Western Sky Community Care Inc., based on the structure of New Mexico’s Benchmark Plan. This plan, which guides insurer coverage in the state, does not explicitly cover cannabis and excludes reimbursement for substances that…
Late April storms cause hundreds of millions in insured losses across US – Aon
On April 29 alone, the federal Storm Prediction Center logged 781 combined reports of tornadoes, hail, and wind from New Mexico to New York. Multiple other reports were filed during the broader April 27–29 outbreak, spanning much of the central and eastern US. Source link