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Specialty insurance broker CAC Specialty Tuesday said former Marsh LLC senior vice president Charles Scheerer has been appointed to the newly created position of executive vice president.
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Workers compensation bureau loss costs are decreasing, mostly due to changes in payroll used to calculate premiums, along with a continued decline in injury claim frequency, according to a report released Tuesday by the National Council on Compensation Insurance.
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Opioid prescriptions per workers compensation claim dropped by 9.7% in 2023, spearheading drops in prescribing of other common alternative medications used to manage pain, according to a drug trends report released Tuesday by Enlyte LLC.
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A Mexican doctor just got the deal of a lifetime from Cartier: $13 U.S. dollars for a $13,000 pair of earrings after the company made a typo on its website, missing three zeros – “$237” pesos instead of “$237,000”— that spurred Mexico’s federal consumer protection agency’s involvement.
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The U.S. Department of Labor said Tuesday that it issued widespread citations following impact inspections at 14 mines in 11 states.
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Aon Risk Solutions announced Monday in its pricing index for first-quarter 2024 that the average cost of $1 million in directors and officers coverage decreased 29.9% from the year-ago period, making it the eighth consecutive quarter for price decreases.
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Ascot Group Ltd. said Tuesday it promoted Erin Osborne to head of U.S. excess casualty.
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Arch Capital Group Ltd. on Monday posted a 57.4% rise in first-quarter profit, driven by strong underwriting and higher investment income.
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Insured natural catastrophe losses continue to be driven by hail damage during severe convective storm outbreaks, highlighting the need to mitigate and prevent such damage.
2 weeks 3 days ago
Risk Strategies Co. on Monday named Marshall Heron, a former Insurance Group of America LLC executive, as national real estate practice leader.
2 weeks 3 days ago
AF Group, a Lansing, Michigan-based insurer that provides workers compensation and specialty insurance, said Monday that it has appointed Kriss Barronton chief operating officer, a newly created role.
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Insured losses caused by natural catastrophes reached at least $17 billion for the first quarter of 2024 and were slightly above the average of $16 billion, according to a report Monday from Aon PLC.
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Marsh LLC Monday announced an additional $25 million layer of capacity to its existing $100 million Cyber ECHO facility.
2 weeks 3 days ago
Arizona agriculture officials are fighting a lawsuit filed by a Tucson restaurateur over a new mandate that will require eggs sold in stores to come from cage-free hens starting in 2025 and would raise the cost of doing business, according to the Arizona Daily Star.