PGA seeks health insurance plan funding for producers

Health insurance Funds - Director clip board and movie stuff

The Producers Guild of America is making the request to the industry. The Producers Guild of America (PGA) reached out to the industry earlier this month to request funding for health insurance coverage for the working producers in Hollywood. The PGA used its annual awards ceremony as its platform to reach the industry The PGA was speaking to streamers, studios, and other content companies at a large scale for their assistance in providing funding for health insurance for “qualified producers” through the line items of production budgets for movies and…

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Rising ship insurance in the Red Sea causes US investors pain

Ship insurance - Rates Rising

Underwriters have been steeply raising premiums to US, UK, and Israeli firms due to risks. Ship insurance companies have been hiking premiums by as much as 50 percent for US, UK, and Israeli firms sailing through the Red Sea due to the increased risks associated with those vessels in that region. Some providers are avoiding that business due to Houthi targeting. The increased ship insurance premiums and avoidance of business traveling through the Red Sea has to do with the chance that certain vessels could be targeted by Houthis from…

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Is the federal crop insurance program keeping up with climate change?

Crop insurance - A person touching wheat

Few changes have been made in the program despite rising risks associated with global warming. Risk has always been a part of farming, particularly due to its dependence on the weather in any given season or year, and crop insurance has become a key part of the survival of many farms across the United States. That said, risks associated with weather have been changing, but the program has altered very little. The massive federal crop insurance program has helped farmers to ensure their businesses survive in times of flooding, drought,…

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Nikola D&O liability insurance problems are holding up settlements

Liability insurance - Law

The zero-emission vehicle maker intends to resolve claims, but its insurers aren’t budging with approvals. Nikola Corp, the electric and hydrogen fuel cell vehicle company, is resorting to a Delaware court with claims that its directors and officers (D&O) liability insurance companies are getting in the way of settlement proposals from being completed in the Court of Chancery, the District of Delaware, and the District of Arizona. The automaker filed a complaint in the Complex Commercial Litigation Division of the Delaware Superior Court. In Nikola Corp’s suit, it said that…

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Allianz points to D&O business liability insurance advantages in tough 2024

D&O Business liability insurance Form - 2024

The insurer predicts that there will be a spectrum of challenges worldwide that will boost coverage importance. According to a recent report issued by Allianz Commercial with regards to Directors and Officers (D&O) business liability insurance, there are so many challenges occurring worldwide that it is unlikely that the market’s soft conditions will be able to continue. Some of the largest threats to this type of coverage are expected to worsen as 2024 gets going. The authors of the Allianz Commercial 2024 D&O Insurance Report predicted that professional lines would…

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