New York, NY – RIMS Vice President of Strategic Initiatives Carol Fox recently announced her retirement. Soraya Wright, formerly the Founder and Chief Risk Officer of SMW Risk Management Consulting, LLC, has been hired to the position, effective January 4, 2021, with Fox supporting the transition process. Reporting to RIMS CEO Mary Roth, the RIMS… [Read more]
Risk Management News
CNA Transfers Legacy Excess Workers’ Comp Portfolio to Cavello Bay Reinsurance
Chicago, IL – CNA Financial Corporation (NYSE: CNA) recently announced that its principal operating subsidiary, Continental Casualty Company, has entered into an agreement with Cavello Bay Reinsurance Limited, a subsidiary of Enstar Group Limited, under which Cavello will reinsure a legacy portfolio of excess workers’ compensation policies. Under the terms of the transaction, which will… [Read more]
Eight Employers Earn the MEMIC Award for Safety Excellence
Portland, ME – The MEMIC Group recently announced their eight 2020 Safety Excellence award winners. The employers nominated by the loss control staff of MEMIC are considered among the best of more than 22,000 policyholders insured by the company. The awards recognize organizations that have made workforce safety part of their culture and that have… [Read more]
Ohio BWC to Administer $28 Million Air Quality Program for Senior Living Facilities
Columbus, OH – In the continuing battle to weaken COVID-19’s spread, the state of Ohio is offering $28 million in federal CARES (Coronavirus, Aid, Relief, and Economic Security) Act dollars to reimburse facilities serving older Ohioans that invest in air quality and air flow improvements during the pandemic. “This program will improve the indoor air… [Read more]
ASSP Enhances Its Popular Safety Podcast
Park Ridge, IL – The American Society of Safety Professionals (ASSP) today posted the 50th episode of its popular safety podcast series, which has been renamed and enhanced to include a broader range of occupational safety and health topics to keep industry professionals informed. In its November installment, “The Case for Safety” discusses key workplace… [Read more]
Cal/OSHA Standards Board Adopts Emergency Temporary Standards to Protect Workers from COVID-19
Sacramento, CA – The Department of Industrial Relations’ (DIR) Occupational Safety and Health Standards Board unanimously adopted emergency temporary standards to protect workers from hazards related to COVID-19. The emergency standards will be in effect immediately if approved by the Office of Administrative Law in the next 10 calendar days. The temporary standards apply to… [Read more]
Texas Mutual to Distribute $3.5 Million in Early Qualifier Dividends to 3,000 Texas Businesses
Austin, TX – Texas Mutual Insurance Company recently announced that it will distribute $3.5 million in early qualifier dividends to over 3,000 newer policyholder owners across Texas. This is the final phase of the company’s $330 million dividend distribution to over 60,000 policyholders this year. “We know that supporting our policyholders is more important than… [Read more]
Oregon OSHA Adopts Temporary Rule Addressing COVID-19 in all Workplaces
Salem, OR – Oregon OSHA recently adopted a temporary rule that combats the spread of coronavirus in all workplaces by requiring employers to carry out a comprehensive set of risk-reducing measures. The rule will take effect Nov. 16, with certain parts phased in, and is expected to remain in effect until May 4, 2021. It… [Read more]
MI Businesses Awarded $8 Million to Support COVID-19 Workplace Safety
Lansing, MI – Employers across Michigan are better prepared to protect employees with more than $8 million in grant funds are being awarded from the COVID-19 Safety Grant Program. The Michigan Occupational Safety and Health Administration (MIOSHA) launched the program earlier this year as employers worked to implement new safety protocols and procedures amidst the… [Read more]
Marsh Releases Report on How COVID-19 Has Changed Workers’ Compensation So Far
New York, NY – Marsh recently released a new report noting that six months after COVID-19 was declared a pandemic, claims of COVID-19 exposure in the workplace have been outpaced by a decline in other types of reported occupational injuries. The workers’ compensation insurance market also remains competitive, with average premiums having renewed between -5%… [Read more]