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Allianz Global Corporate & Specialty Opens S. Korea Branch Office; CEO Named
Allianz Global Corporate & Specialty (AGCS), Allianz Group’s unit for corporate & specialty insurance business, has opened a branch office in South Korea to serve global corporate clients. AGCS said it has become the first foreign non-life insurer in almost a …

POSTED JUNE 29, 2017 10:35 AM
Auto Insurance Market to Shrink by 70% by 2050: KPMG
Autonomous vehicle technology, a rise in on-demand transportation and a shifting of liability to manufacturers will shrink the auto insurance sector by more than 70 percent or $137 billion by 2050, according to updated research by KPMG. In a 2015 report, KPMG …

POSTED JUNE 29, 2017 10:19 AM
84-Year-Old Florida Doc Accused of Illegally Distributing $10M in Pain Pills
Authorities say an 84-year-old Florida doctor is accused of illegally distributing $10 million worth of pain pill prescriptions. Dr. Williem Ouw was arrested June 15 and held in a Fort Lauderdale jail until his release Wednesday on a $500,000 bond. …

POSTED JUNE 29, 2017 5:08 AM
Mississippi Court: Workers’ Comp Benefits Owed to Officer Injured While Speeding
Mississippi’s Court of Appeals says the city of Jackson can’t deny workers’ compensation benefits to a police officer injured in a wreck while he was speeding. The court ruled 10-0 Tuesday that the city must pay former officer Kearney Brown …

POSTED JUNE 29, 2017 5:02 AM
Opioids, Distracted Driving Cited in Rise of Preventable Accidents
More than 130,000 Americans are killed annually by preventable causes, and the number has been climbing at a faster rate recently because of opioid abuse and car crashes involving drivers distracted by mobile devices. The death count jumped more than …

POSTED JUNE 29, 2017 5:00 AM
North Carolina Passes Bill to Limit Opioid Prescriptions
Legislation designed to address North Carolina’s opioid abuse problem is headed to Gov. Roy Cooper’s desk. The House gave final approval Tuesday to a bill that would improve the rules on prescribing and dispensing certain drugs like Oxycotin and morphine. …

POSTED JUNE 29, 2017 4:56 AM
New Flood Insurance Product For Florida Homeowners Available from American Integrity
American Integrity Insurance Group (AI), a Florida-based insurance provider, has unveiled a private flood insurance option for homeowners. AI joins less than a handful of Florida-based insurers to offer its own flood program — and is one of only two …

POSTED JUNE 29, 2017 4:50 AM
Rand Report Recommends Analytics for Fraud Prevention in Workers’ Comp
The California Division of Workers’ Compensation has posted a report from the Rand Corp. with recommendations to prevent fraud in the workers’ compensation system. The Department of Industrial Relations last year requested that the Rand assess medical provider fraud in …

POSTED JUNE 29, 2017 2:59 AM
Nearly 60% of Payments in California Comp in 2016 Were for Medical Services
The Workers’ Compensation Insurance Rating Bureau of California issued report containing estimated California workers’ compensation costs for 2016 based on insured employer experience. The report also reflects payments made by the California Insurance Guarantee Association in the statewide loss payments …

POSTED JUNE 28, 2017 9:53 PM
Missouri Plumbing Contractor Hit with $714K in Fines Over Trench Collapse
A month after a 33-year-old worker died while working in an unprotected trench, U.S. Department of Labor Occupational Safety and Health Administration inspectors found another employee of the same Missouri plumbing contractor working in a similarly unprotected trench at another job site. OSHA …

POSTED JUNE 28, 2017 4:52 PM

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