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Tile maker faces $1.2M in penalties after serious worker injuries

A vinyl tile manufacturer in Fostoria, Ohio, is facing $1.2 million in proposed penalties after a seventh worker in five years suffered severe injuries when caught in a machine the employer failed to lock out, the U.S. Occupational Safety and Health Administration announced Thursday. An April 2022 incident at the NOX US LLC plant is the latest …

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Cincinnati must defend insurance policyholder in construction-related suit

A Cincinnati Financial Corp. unit must defend its policyholder, a project subcontractor, in construction-related litigation, but it is premature to determine whether it must also indemnify it, a federal appeals court ruled Thursday, in affirming a lower court ruling. Los Angeles-based Tutor Perini Building Corp., the general contractor hired to build Hanover, Maryland-based Maryland Live! …

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LIC new pension plus plan: 10 things to know about the scheme

LIC new pension plus plan: Life Insurance Corporation of India (LIC)has introduced new pension plus plan. The plan can be purchased either as a single premium payment policy or regular premium payment. According to LIC, the plan is ‘suitable for young persons to make provisions for post-retirement life’, and can be purchased both offline (through …

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Construction workers due back wages, damages in FLSA dispute

A construction staffing agency and its owner must pay $278,073 in back wages and liquidated damages to 208 construction workers for allegedly intentionally misclassifying workers as independent workers, the U.S. Department of Labor said Thursday. The DOL said the U.S. District Court in Norfolk, Virginia entered a consent judgment on Sept. 15 that ordered Suffolk, …

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Comp Laude 2022 winners announced

WorkCompCentral, a sister publication of Business Insurance, presented awards Tuesday for outstanding contributions to the workers compensation industry during its annual Comp Laude Awards and Gala in Huntington Beach, California. The event borrows its name from the Latin phrase “cum laude,” which means “with honor,” which is commonly used in academia. The top two awards …

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RMS puts insured losses up to $74B for Hurricane Ian

Risk Management Solutions Inc., a Moody’s Analytics company, Friday estimated insured losses from Hurricane Ian to be between $53 billion and $74 billion, with a best estimate of $67 billion. The estimate includes wind and storm surge losses in Florida, South Carolina, North Carolina, Georgia and Virginia, based on an analysis of ensemble footprints in …

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Edelweiss General Insurance partners with Repco Home Finance to offer property insurance cover

Digital insurer Edelweiss General Insurance (EGI) has tied up with Chennai-based Repco Home Finance Ltd (RHFL) to offer insurance solutions to all home loan customers of RHFL. Through this partnership, EGI will offer property insurance cover and loan protection cover to RHFL’s customers through their branches spread across India. As per the Edelweiss General Insurance, …

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Ian to firm up property rates; insurers positioned to absorb losses: S&P

Hurricane Ian is likely to be a significant loss event for the U.S. property/casualty and global reinsurance sectors and is expected to accelerate the firming of property rates in 2023, Standard & Poor’s Global Ratings said in a note Friday. However, insurers are well-positioned to absorb losses, and losses for global reinsurers should remain within …

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Military contractor must prove worker was employee to avoid suit

An appeals court in Texas on Wednesday ruled that a military contractor must prove a worker was an employee to avoid a “substantial jury award” over negligence stemming from a workplace accident in 2016. Addison, Texas-based King Aerospace, hired by the U.S. Army to maintain aircraft, was sued by Jorge Hernandez, who fell from a …

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