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4 Critical Employment Practices and Fiduciary Legal and Regulatory Risks - Workers Comp Forum
These four risk trends are contributing to a challenging EPLI and fiduciary insurance market. Companies of all sizes may be surprised at the ongoing hardening of the employment practices liability (EPL) and fiduciary insurance markets. For the past few years, terms have been tightening, limits have been reduced and retentions have gone up. All this, largely due to a society that is more litigious than ever and aggressive plaintiffs' bars. "Premiums are going up, but not as dramatically as the retentions in these cases," said Rhonda Prussack, senior vice president and head of fiduciary and employment practices liability at Berkshire Hathaway Specialty Insurance. "In order to stay profitable, insurers really have to respond to what's going on with the more aggressive plaintiffs' bars and with all these new regulations." Consequently, it's more important than ever that insureds are paying attenti...
Torrent of water damage issues revealed at John Muir/SMASH campus - Santa Monica Daily Press
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Powerful storm leaves trail of death and destruction in capital region - Ottawa Citizen
Breadcrumb Trail Links News Local News Two deaths were reported in Ottawa and Gatineau. The Stittsville area and many other parts of the Ottawa region were hit by a powerful storm on Saturday, May 21, 2022. Firefighters run up Carleton Cathcart Street. Photo by Ashley Fraser / Postmedia Article content A line of violent thunderstorms brought strong winds and dumped rain across the national capital region on Saturday, killing two people and leaving a trail of widespread destruction. Advertisement 2 Article content The storms also left more than 170,000 customers without electricity across the city as of 7:30 p.m., according to Hydro Ottawa, representing about half of its customer base. An Ottawa Police Service spokesperson reported the death of one person in the west end, though additional details were not provided pending notification of next of kin. Two people were critically injured at separate golf courses, as was one person in a storm...
