Tag: insurance

Insurance Companies Decline Coverage Due to Climate Change Risks

State Farm, the largest homeowners insurance company in California, recently announced it would stop “accepting new applications including all business and personal lines property and casualty insurance, effective May 27, 2023.” The company said the decision was made “due to historic increases in construction costs outpacing inflation, rapidly growing catastrophe exposure, and a challenging reinsurance […]

Climate Change Insurance Defense Coverage Up in the Air

Who pays for climate change damages? Industry or their insurance carrier? The first cases that will determine the answer to these questions are making their way through the legal system. In the last few years, several state and local governments across the country have filed lawsuits against energy companies for their alleged contributions to climate […]

Insurance claim form

Court Decision Shows How Pollution Exceptions Impact Insurance Claims

U.S. District Judge Andrew S. Hanen of the Southern District of Texas denied Megasand Enterprise Inc.’s motion to dismiss a lawsuit brought by its insurer Everest National Insurance Company. In its lawsuit, Everest seeks a decision relieving it from having to defend Megasand from claims that its discharges worsened flooding following Hurricane Harvey.

Superfund site

EPA Rule Says Industry Insurance Not Required for Pollution Cleanups

On November 25, 2020, the EPA finalized rulemaking that determined that the electric power generation; transmission and distribution; petroleum and coal products manufacturing; and chemical manufacturing industries will not be required to have additional insurance to cover accidents and major spills.

Dock manager, lone worker

Lone Worker Safety Products: What’s the Return on Investment (ROI)?

If you read the title of this article and thought to yourself, “The answer is right there—the ROI is worker safety!” you are correct—partially. The main incentive for purchasing lone worker safety products is, of course, to protect lone workers. However, there are other business factors at play.

Workers' compensation

Tips for Managing Workers’ Comp to Boost Safety Performance

You worry about your workers’ compensation insurance premiums and the claims activity on your policy. You have concerns about the recordable injuries you must add to your injury and illness logs. Will your premiums go up? Will you be targeted by the Occupational Safety and Health Administration (OSHA) or state agency for an on-site inspection? […]

Workers' compensation and safety

The Two-Way Relationship Between Workers’ Comp and Safety

Ensuring compliance with federal or state occupational safety and health laws and regulations is only part of a workplace safety and health professional’s job. Often, safety managers also handle aspects of an employer’s workers’ compensation program. The two aspects of the job have different demands.