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Insured losses from natural catastrophes totaled at least $20 billion in first-quarter 2024, a third lower than the $33 billion in insured losses in first-quarter 2023 but a shade higher than the 10-year average of $18 billion, according to a report Wednesday from Gallagher Re, the reinsurance business of brokerage Arthur J. Gallagher & Co.
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Aon PLC recently named John Griffin industry practices leader, North America.
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The U.S. Occupational Safety and Health Administration said Tuesday that it cited an automotive supply company after a worker was killed in October 2023.
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It remains to be seen how California’s $20-an-hour minimum wage for fast-food workers will affect the workers compensation industry, as the nearly 25% hike could drive up premiums in the near term due to higher payrolls but also could lead to more automation, experts say.
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Dave Lewison, executive vice president at Amwins, discusses how recent conflicts have affected cyber risks and how artificial intelligence is being used by both cyber security professionals and the criminals they are seeking to thwart.
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A former California chiropractor was sentenced Friday to 54 years in state prison and ordered to pay more than $23 million in fines for his role in a $150 million workers compensation fraud scheme, authorities announced Monday.
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Aspen Insurance Holdings Ltd. and PIMCO Investment Management Co. LLC on Tuesday said they had formed Pando Re Ltd., a Bermuda-domiciled collateralized insurer and reinsurer focused on casualty business.
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The Texas Department of Insurance’s Division of Workers’ Compensation on Tuesday announced changes to its rules that it says eliminates “overly burdensome administrative regulations that (insurance) companies must adhere to in order to demonstrate the sufficiency of their (Accident Prevention Services).”
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The U.S. Department of Labor said Tuesday that its Mine Safety and Health Administration has issued a final rule designed to better protect miners from hazards associated with exposure to respirable crystalline silica, a known carcinogen.
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Wisconsin lawmakers voted down a bill that would have created a rebuttable presumption of compensability for workers injured by employer-mandated vaccines.
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CRC Group on Tuesday said it would move specialty brokerage Insuretrust into CRC’s wholesale brokerage division from Insuretrust’s current home in Starwind, CRC’s specialty programs division.
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Companies that want a healthy workforce may want to show ‘em the money, according to research that found when workers were paid to walk for exercise they were more likely to adhere to a step program.
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