5 months 1 week ago
Direct written premium in California’s workers compensation system rose to $11.8 billion in 2023 from $11.6 the prior year, marking the third consecutive annual increase, according to a report released Friday by the California Workers’ Compensation Institute.
5 months 2 weeks ago
Auto liability risks caused by multitasking and new, overly eager officers, as well as workers compensation claims for soft tissue injuries that base pain levels on an individual’s metrics, are at the forefront of coverage issues for law enforcement, according to a panel of experts.
5 months 2 weeks ago
A former Allianz fund manager pleaded guilty on Friday over his role in a meltdown of private investment funds sparked by the pandemic that caused an estimated $7 billion of investor losses.
5 months 2 weeks ago
Long COVID can cause more than 200 symptoms and a positive COVID-19 test is not necessary to make a long COVID diagnosis, according to a report released Wednesday by the National Academies of Sciences, Engineering, and Medicine that researchers say may not clear the air on guidelines for disability.
5 months 2 weeks ago
Hub International Ltd. Thursday sued Clint Anderson, a former leader of its staffing industry practice, alleging he breached nonsolicitation agreement when he joined a rival brokerage.
5 months 2 weeks ago
A university employee who was walking across campus and collided with a jogger should have been entitled to workers compensation benefits even though she technically stepped foot off campus and onto a public walkway at the time of the incident, the District of Columbia Appeals Court ruled Thursday.
5 months 2 weeks ago
Axa XL’s restructuring of its underwriting operations in the Americas — including an undisclosed number of planned layoffs — tops this week’s news.
5 months 2 weeks ago
Soccer superstar Lionel Messi’s inability to appear for a match between Major League Soccer’s Inter Miami CF and Vancouver Whitecaps prompted a British Columbia man to file a class action on behalf of fans “anywhere in the world” who purchased tickets for the event.
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The U.S. property/casualty insurance industry recorded a $9.3 billion net underwriting gain in the first quarter of 2024, a sharp turnaround from the $8.5 billion loss recorded in the prior-year period, A.M. Best Co. Inc. said in a report issued Thursday.
5 months 2 weeks ago
Gallagher Re, the reinsurance broking unit of Arthur J. Gallagher & Co., said Thursday that April Engelman has been promoted to chief operating officer of its North American region.
5 months 2 weeks ago
Ascot Group Ltd. Thursday said Ian Thompson has been promoted to CEO and director of Ascot Underwriting Ltd. and Justin Keith to president and CEO of Ascot Bermuda Ltd.
5 months 2 weeks ago
Artificial intelligence could become a powerful tool for the insurance industry but may take some time to reach its fullest potential, according to a panel speaking Wednesday at the 40th Annual S&P Global Insurance Conference.
5 months 2 weeks ago
Colorado Gov. Jared Polis on Tuesday signed legislation to permit workers compensation claimants to refuse offers of modified employment in certain situations.
5 months 2 weeks ago
A federal judge has halted a lawsuit by a civilian U.S. Navy engineer who alleges she was raped while working aboard a naval ship because of questions over workers compensation exclusive remedy.
5 months 2 weeks ago
The U.S. Supreme Court unanimously ruled Thursday that an insurer is a party in interest that can object to a company’s bankruptcy settlement for asbestos mass tort claims.