Archive for April 2016

A security company isn’t liable for the theft of more than $60 million worth of prescription drugs from pharmaceutical company Eli Lilly’s warehouse in Connecticut six years ago, a federal jury in Florida says. Eli Lilly’s insurer, the National Union … Source: Claims Journal

While the idea of diversity in the workplace isn’t new, the insurance industry is known for lagging when it comes to change. “Quite frankly, I’ve been involved in the industry for quite a number of years. In the last one, … Source: Claims Journal

Imagine beginning your day with a cup of coffee in the car on the way to work, watching the morning news from a holographic projection on the windshield while making notes in preparation for a 9:00 a.m. meeting. All this … Source: Claims Journal

Insured losses from global catastrophes and man-made disasters reached $37 billion in 2015, well-below the $62 billion average of the previous 10 years. The Tianjin explosions caused the biggest insured loss, according to the latest Swiss Re sigma study. There … Source: Claims Journal

Rising drug prices contributed to a 2.2 percent growth in pharmacy spending for American workers’ compensation payers in 2015, according to a new report released by Express Scripts. Effective management programs helped lower injured workers’ drug utilization by 2.6 percent … Source: Claims Journal

Six years after 29 miners were killed in a West Virginia coal dust explosion, the man who ran the mining company like a fiefdom – a coal baron and power broker who earned millions of dollars a year – will … Source: Claims Journal

In 2012 there was not a single Ohio college graduate who received a degree in insurance. It was a troubling fact for an industry, which is considered an economic pillar for the state of Ohio. Insurance employs over 100,000 Ohioans … Source: Claims Journal

Employers cannot deny a worker a place to sit just because they prefer the person stand, and they must consider the employee’s work station, not their overall duties, when determining whether to provide a seat, the California Supreme Court said … Source: Claims Journal

Legislation introduced this year by Republican Senator Jack Latvala and passed into law today, gives insurers in Florida the ability to offer a new type of personal lines residential sinkhole insurance coverage. The bill, SB 1274, outlines how insurers can … Source: Claims Journal

It is the morning of the last test flight before the first joint NASA-NOAA mission to map melting ice caps, and Miss Piggy is being difficult. Sitting on the flight line just outside Hangar 5 at MacDill Air Force Base, … Source: Claims Journal