Claims

California Workers’ Comp Medical Costs Rose 5% In 2025, With Medical-Legal And Equipment Services Leading The Increase

Medical service costs per claim in California’s workers’ compensation system climbed 5% in 2025, driven largely by rising prices and growing utilization of services outside fee schedule caps, according to WCIRB.

Global Catastrophe Losses Set To Average $171 Billion A Year, Verisk Finds

Casualty Insurers Face $100 Billion Reserve Correction As Analytics Lag: Moody’s

Cyber Insurance at a Crossroads: AI Reshapes Risk as Market Growth Stays Steady

US Construction Firms Face Gap Between Booming Property Insurance and Punishing Casualty Rates

Recently in Claims

Strategic Cargo Theft Now Accounts for Nearly a Third of All US Incidents, Report Finds

Organized criminal networks are increasingly using digital tools and impersonation tactics to steal high-value freight, according to BSI Consulting and Munich Re Specialty.

Cancer, Preterm Births, and Specialty Drugs Drive Record Severity in Self-Funded Health Plans

High-cost claim frequency has nearly tripled over five years and severity accelerated sharply in 2025, according to QBE North America’s 2026 Accident & Health Market Report.

AI, Geopolitical Tensions, and Human Error Are Reshaping the Cyber Risk Landscape

AI has accelerated cybercriminal capabilities while non-malicious incidents now account for a quarter of all cyber incidents, according to Lockton report.

Shipping Incidents Drop but Structural Risks Intensify as Geopolitical Shocks Reshape Global Trade

The Strait of Hormuz blockade, aging fleets, and persistent claims inflation are among the mounting pressures transforming maritime risk, according to Allianz Commercial.

Ransomware and Third-Party Vendors Drive Highest Cyber Insurance Losses, Willis Report Finds

Ransomware remains the costliest category of cyber event while third-party vendor incidents are responsible for a growing share of losses, according to Willis.

California Cumulative Trauma Claims Surge, Now Represent a Quarter of Workers’ Comp Pure Premium

Cumulative trauma claims in California have more than doubled in cost since 2021, according to the Workers’ Compensation Insurance Rating Bureau of California.

RISKWORLD 2026: The Hartford’s Matt Scott

A workplace violence product is a standout among new products at The Hartford.

Medical Stop Loss Claims Above $2 Million Have Tripled Since 2020, Report Finds

Accelerating claim frequency, catastrophic condition costs, and specialty pharmacy inflation are pressuring rates in the medical stop loss market, according to Tokio Marine HCC.

The New Face of Insurance Fraud Looks Just Like a Legitimate Claim

The biggest fraud threats today aren’t isolated incidents — they’re sophisticated networks designed to blend seamlessly into legitimate business operations.

Preparing Builder’s Risk Claims During Data Center Construction

Data center projects are more technical, the equipment is more sensitive, and the schedule has less give in it.

From Automation to Augmentation: How AI Reshapes Workers’ Compensation

Technology is shifting from digitizing processes to actively shaping claim outcomes.

Workers’ Comp and Auto Claims Face a Turning Point: AI, Faster Care Pathways, and Clinical Evidence Are Reshaping Industry Economics

AI is no longer a future promise but a present force reshaping claims — where faster care, smarter early decisions, and scalable innovation are redefining outcomes and costs across the industry.

Business Interruption Drives 80% of Mining Losses as Industry Faces Volatile, Under-Recovered Claims

Operational incidents — not natural catastrophes — account for roughly three-quarters of total mining losses, with recovery ratios averaging just 50%, according to Marsh.

Workers’ Compensation Remains Profitable as Premium Dips and Severity Climbs

NCCI’s 2026 State of the Line report found that workers’ compensation delivered a 91% combined ratio in 2025 even as net written premium edged down and claim severity rose.

Ransom Payments Drop 44% Even as Cyber Claims Surge, Cowbell Reports

Cowbell’s 2026 claims analysis found that stronger negotiation strategies and improved backup practices are driving down ransom payments despite increase in overall cyber claims activity.

How to Successfully Integrate AI Into Claims Operations: Best Practices, Pitfalls, and Keys to Lasting Impact

Piloting artificial intelligence in claims management is no longer the barrier, operational integration is. Here’s how claims organizations can move beyond proof of concept to realize the full value of AI.

MFA Misconfiguration Is the Costliest Point of Failure in Manufacturing Cyber Claims

Improperly deployed multi-factor authentication accounts for roughly 26% of all incurred losses in the manufacturing sector, more than firms with no MFA at all, Resilience reports.

5 Questions for MSIG USA’s Ron Morrison

Ron Morrison, Chief Claims Officer at MSIG USA, discusses how AI is reshaping claims operations, why change management matters as much as technology, and how insurers can use data and collaboration to improve outcomes across complex claims environments.

Secondary Perils Drive Record Aggregate Insured Losses Across North America in 2025

Wildfires and severe convective storms accounted for 99.9% of North America’s $90 billion in natural catastrophe insured losses, according to Swiss Re data.

Organized Crime Reshapes Cargo Theft as Impersonation Tactics Mature Into Scalable Threat

Despite a 5.3% drop in supply chain crime incidents in the first quarter of 2026, estimated losses held steady at $131.58 million, Verisk CargoNet found.