Silver Cross Hospital, based mostly in New Lenox, Illinois, violated federal regulation when it failed to supply an affordable lodging to staff who requested to be exempt from receiving the COVID-19 vaccine due to non secular and incapacity causes, the U.S. Equal Employment Alternative Fee (EEOC) charged in two lawsuits filed right this moment.

One worker, who labored within the hospital’s lab, requested a spiritual lodging as a result of taking the COVID-19 vaccine conflicted along with her non secular beliefs and practices.

The opposite worker, who labored within the hospital’s insurance coverage division, requested an lodging based mostly on incapacity after she had a extreme allergic response to the primary dose of the COVID-19 vaccine. Silver Cross Hospital denied each staff’ requests for lodging and retaliated in opposition to them, both by firing them or forcing them to give up, despite the fact that every might have been accommodated with out undue hardship, in line with the EEOC’s lawsuits.

The EEOC seeks financial damages for the staff, together with compensatory and punitive damages, and injunctive reduction in opposition to the employer to stop such illegal conduct sooner or later.

Supply: EEOC

Matters
Lawsuits
Illinois

Marsh introduced new funding financial institution indemnification protection to its administrators and officers legal responsibility (D&O) insurance coverage providing for purchasers pursuing preliminary public choices (IPOs).

The protection enhancement comes amid rising consumer demand for extra complete D&O safety throughout the IPO course of, which may draw elevated scrutiny from regulators and shareholders and add important publicity to the corporate, its administrators, officers, and people aiding them by the method.

Whereas normal D&O insurance coverage insurance policies shield the corporate and its administrators and officers from the prices related to shareholder lawsuits, the protection doesn’t prolong to funding banks, which put together the businesses’ prospectuses and facilitate the issuance and sale of their shares to the general public. As an alternative, IPO firms conform to indemnify the banks in opposition to sure authorized claims which will come up post-IPO.

Marsh’s knowledge exhibits that funding banks are named as further defendants in about 20% of all IPO-related shareholder class motion lawsuits filed every year and practically all lawsuits alleging a cloth misstatement or omission within the prospectus or registration assertion. This leaves IPO firms doubtlessly uncovered to important monetary danger.

To handle this crucial hole, Marsh collaborated with D&O insurers to develop a tailor-made coverage enhancement to purchasers’ conventional D&O packages that particularly covers their indemnification obligations to funding banks.

“The journey from personal to public firm is fraught with important publicity, together with the potential monetary publicity from indemnification obligations to funding banks, which may value IPO firms hundreds of thousands of {dollars} out of pocket,” stated Andy Matthews, a vice chairman in Marsh’s FINPRO Follow.

Supply: Marsh

Root Inc. swung to second quarter web earnings of $22 million versus a lack of $7.8 million a 12 months in the past throughout the identical time.

Outcomes construct off web earnings of $18.2 million for Q1 2025, reversing a lack of $6.2 million for Q1 2024. Web earnings as of June 30 was $40.4 million in contrast with a lack of $14 million on the similar level in 2024.

The Columbus, Ohio-based guardian firm of insurtech Root Insurance coverage mentioned the mixed ratio for Q2 was 95.2, an enchancment of seven.5 factors year-over-year.

Gross premiums written elevated 12.3% in Q2 to $346.2 million. Root mentioned its distribution partnership channel tripled new writings in Q2, year-over-year. Partnerships with the likes of Hyundai Capital America, Experian, Caravan Insurance coverage, Goosehead Insurance coverage made up 44% of recent writings in Q2 2025.

“Inside the partnership channel, our progress continued with the launch of comparative raters serving unbiased brokers and including extra automotive and monetary companies companions. This channel is important to our long-term progress technique,” mentioned Alex Timm, co-founder and CEO of the insurtech, in a letter to shareholders.

Timm instructed shareholders the auto insurer launched a brand new pricing mannequin in a number of states, which is exhibiting indicators of bettering danger choice. Root just lately acquired approval in Washington and has extra filings pending in a number of different states because it appears to broaden.

Root is at present appointed with about 4% of unbiased brokers, in keeping with Timm, and the insurer just lately launched its product on comparative raters, EZLynx and PL Score—utilized by about half of all unbiased brokers.

“By way of these platforms, Root considerably expands its attain, assembly unbiased brokers the place they’re with a expertise that gives elevated effectivity to their quote and bind course of,” Timm mentioned.

Matters
Profit Loss
InsurTech
Tech