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NCCI Report Highlights Profitability and Challenges in Workers’ Compensation Insurance

NCCI Report Highlights Profitability and Challenges in Workers’ Compensation Insurance

The NCCI reports sustained profitability in private workers’ compensation insurance, with a combined ratio of 86 for the past two years and below 90 for seven consecutive years.
July 19, 2024 Insurance Industry Risk Management Technology Workers' Compensation

RGA Leaders of Tomorrow Program Marks Decade of Mentorship Excellence

RGA Leaders of Tomorrow Program Marks Decade of Mentorship Excellence

The RGA Leaders of Tomorrow program, now celebrating its 10th anniversary, has mentored and inspired future insurance executives since its inception.
July 19, 2024 Education & Training Insurance Industry Life & Health Florida New York

Niches: The Future of the Insurance Market?

Niches: The Future of the Insurance Market?

Skyward Specialty’s CEO Andrew Robinson shares insights on the power of focusing on niche markets in insurance.
July 19, 2024 Insurance Industry Risk Management Technology Underwriting California

Disney’s 1.1 TB Slack Data Breach Exposed by Hackers

Disney’s 1.1 TB Slack Data Breach Exposed by Hackers

Hackers claim to have stolen and leaked over a terabyte of Disney’s internal Slack messages and files.
July 19, 2024 Fraud Insurance Industry Litigation Technology

Keys to Successful Digital Transformation for Insurance Firms

Keys to Successful Digital Transformation for Insurance Firms

Assessing the market, balancing technology and business, and committing to growth are key steps in successful digital transformation.
July 17, 2024 Life & Health Risk Management Technology Underwriting

Rite Aid Data Breach Impacts 2.2 Million Customers

Rite Aid Data Breach Impacts 2.2 Million Customers

Rite Aid, the third-largest US drug store chain, revealed that a data breach exposed sensitive information of over 2.2 million customers, including names, addresses, birth dates, and driver’s license numbers.
July 16, 2024 Insurance Industry Litigation Risk Management Technology Maine Massachusetts Oregon Vermont

Adjusters Reveal Their Wildest Claims: From Zoo Giraffes to Ancient Burial Grounds

Adjusters Reveal Their Wildest Claims: From Zoo Giraffes to Ancient Burial Grounds

From a dead giraffe in a zoo to discovering an ancient burial ground, insurance adjusters share their most bizarre and unexpected claims in a fascinating Reddit thread. These stories range from the humorous to the eerie, offering a unique glimpse into the unpredictable world of insurance.
July 16, 2024 Fraud Litigation Property Weird Florida Missouri Oklahoma

Investment in GenAI Pressures Other IT Projects

Investment in GenAI Pressures Other IT Projects

Generative AI investments are surging, squeezing other IT projects as companies aim for higher ROI and digital transformation.
July 16, 2024 Insurance Industry Risk Management Technology

Rising Replacement Costs Demand Strategic Adjustments from Insurers

Rising Replacement Costs Demand Strategic Adjustments from Insurers

As inflation and global conflicts escalate replacement costs, brokers and underwriters must effectively communicate economic trends and risk factors to clients to ensure adequate coverage and transparent pricing.
July 16, 2024 Insurance Industry Property Risk Management Maryland

New Study Uncovers State Variations in Workers’ Compensation for First Responders’ Mental Health

New Study Uncovers State Variations in Workers’ Compensation for First Responders’ Mental Health

Recent research from the FIRST Center highlights significant differences in state workers’ compensation laws for first responders with mental health conditions, emphasizing the need for uniform presumption laws.
July 16, 2024 Legislation & Regulation Life & Health Risk Management Workers' Compensation Alaska Arizona California Colorado Connecticut

Moody’s RMS Estimates $2.5-$4.5 Billion in U.S. Insured Losses from Hurricane Beryl

Moody’s RMS Estimates $2.5-$4.5 Billion in U.S. Insured Losses from Hurricane Beryl

Moody’s RMS estimates U.S. insured losses from Hurricane Beryl between $2.5 and $4.5 billion, with NFIP losses under $300 million and non-U.S. losses not exceeding $1.5 billion.
July 16, 2024 Catastrophe Insurance Industry Property Risk Management Texas

Understanding 2024 Insurance Industry Priorities: AI, Climate Change, and Inflation Lead the Way

Understanding 2024 Insurance Industry Priorities: AI, Climate Change, and Inflation Lead the Way

The 2024 Global Priorities Report from the IIS highlights key concerns for insurance executives, including artificial intelligence, climate change, inflation, and cybersecurity, along with strategies for operational efficiency and growth opportunities.
July 16, 2024 Insurance Industry Risk Management Technology

Understanding Hurricane Categories: Why Even "Weaker" Storms Can Be Dangerous

Understanding Hurricane Categories: Why Even "Weaker" Storms Can Be Dangerous

While often dismissed, Category 1 hurricanes and tropical storms can cause significant damage and fatalities, emphasizing the need for a comprehensive understanding of storm impacts beyond mere wind strength.
July 15, 2024 Catastrophe Insurance Industry Risk Management Technology Florida Louisiana New York Texas

Oregon Man Arrested for Threatening Insurance Adjusters with Spear

Oregon Man Arrested for Threatening Insurance Adjusters with Spear

Police arrested a suspect after he threatened insurance adjusters with an improvised spear at a Bend fitness center, leading to temporary street closure.
July 15, 2024 Insurance Industry Liability Litigation Property Oregon

Florida Court Rules Employer Entitled to Full Workers’ Compensation Lien

Florida Court Rules Employer Entitled to Full Workers’ Compensation Lien

A Florida appellate court has ruled that Captain D’s LLC is entitled to fully collect on its workers’ compensation lien after an injured worker failed to prove she didn’t receive full value from her injuries in a third-party settlement.
July 15, 2024 Legislation & Regulation Litigation Risk Management Workers' Compensation Florida
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