Rising reinsurance costs and inflation contributed to an increase in rating downgrades for U.S. property and casualty insurers in 2023, according to AM Best.
COVID-19 has prompted changes in workers’ compensation coverage to include the virus as a compensable illness in many jurisdictions, prompting a broader consideration of how to permanently extend coverage for contagious diseases.
The National Academy of Social Insurance’s 2017-2021 report reveals the pandemic’s impact on workers’ compensation, highlighting decreased benefits and employer costs, and the need for adequate state protections.
Corporate fraud cases are on the rise, requiring more vigilance and internal controls before misdeeds cause a crisis, warns a report by Arthur J. Gallagher & Co.
MSL Captive Solutions hires a chief underwriting officer, the U.S. Justice Department appoints a chief AI officer, and more in this edition of People on the Move.
United Educators’ 2023 report reveals escalating financial risks in education due to rising liability claims, emphasizing the need for robust risk management.
Facing increased competition and regulatory pressures, the U.S. D&O insurers receive a negative outlook with declining premiums and rising legal expenses.
Despite record growth in 2023, U.S. middle market companies remain cautious, grappling with inflation, cybersecurity threats, and insurance coverage gaps, reveals a Chubb and NCMM report.
Exploring the rise in cumulative trauma claims, a recent CWCI study reveals the impact of tenure, industry sector, and wage scale on California’s workers’ compensation system