New Report Sheds Light on Workers’ Compensation Claims Trends in California
A recent study by the WCIRB of California reveals a notable trend: 40% of workers’ compensation claims originate from employees with less than a year of tenure.
April 1, 2024
Education & Training
Insurance Industry
Risk Management
Workers' Compensation
California
North Carolina Body Shop Owner Faces Insurance Fraud Charges
Following the insurance fraud charges, businesses are urged to adopt stringent safeguards to prevent fraud and protect their operations.
April 1, 2024
Education & Training
Fraud
Insurance Industry
Technology
North Carolina
Balancing Innovation and Risk in Insurance Data Science Adoption
Insurers strive for a balance between embracing data science innovation and maintaining robust risk governance and ethical standards.
April 1, 2024
Insurance Industry
Risk Management
Technology
Shifts in the U.S. Commercial Litigation Finance Landscape Amid Economic Fluctuations
The U.S. commercial litigation finance industry faces a contraction in new funding deals due to broader financial market trends, despite stable demand.
April 1, 2024
Insurance Industry
Litigation
Risk Management
Bridging the Gap in Cybersecurity with Process Innovation in the Insurance Sector
In the fast-evolving cyber threat landscape, insurance industry processes are key to developing adaptable policies, managing risks, and enhancing cyber resilience.
April 1, 2024
Insurance Industry
Risk Management
Technology
Adjusters Discuss Strategies and Frustrations with Roof Claims
Claims adjusters express challenges with roof damage claims, share strategies for dealing with contractors, and navigate industry changes.
March 29, 2024
Catastrophe
Insurance Industry
Property
Technology
Swiss Re and Zurich Navigate the Generative AI Wave in the Reinsurance Sector
As the reinsurance industry explores Generative AI, leaders weigh the technology’s potential for innovation against its risks.
March 29, 2024
Insurance Industry
Risk Management
Technology
Predictions Point to a Record-Breaking 2024 Atlantic Hurricane Season
Forecasters warn of an unusually active 2024 Atlantic hurricane season, urging early preparations as conditions favor above-average storm activity.
March 29, 2024
Catastrophe
Insurance Industry
Risk Management
Technology
Florida
North Carolina
South Carolina
Texas
Deciphering AI’s Role in Insurance Raises More Questions Than Answers
At the 2024 cyber symposium, experts express the need for clarity in underwriting AI-related risks, underscoring the insurance industry’s struggle with fast-paced technological advancements.
March 29, 2024
Insurance Industry
Legislation & Regulation
Risk Management
Technology
The Impact of COVID-19 on Workers’ Compensation: Insights from the National Academy of Social Insurance Report
The 26th annual report by the National Academy of Social Insurance offers a detailed look at workers’ compensation trends during the COVID-19 era, showcasing the system’s adaptability.
March 29, 2024
Insurance Industry
Legislation & Regulation
Risk Management
Workers' Compensation
Navigating the Stormy Seas of Marine Insurance Claims with Expertise and Empathy
Marine loss adjuster Paul Field reveals the challenges and nuances of handling insurance claims for pleasurecraft, emphasizing the human aspect and technical expertise required.
March 29, 2024
Insurance Industry
Marine
Risk Management
Technology
Baltimore Bridge Collapse May Set Record for Marine Insurance Losses, Lloyd’s of London Chairs Warn
Lloyd’s of London anticipates the Francis Scott Key bridge collapse to potentially become the most significant marine insurance loss in history.
March 28, 2024
Catastrophe
Insurance Industry
Marine
Risk Management
Maryland
U.S. Property and Casualty Insurers Shift Focus to Predict and Prevent Strategy Amid Rising Underwriting Losses
Facing a $38 billion underwriting loss and increased natural catastrophe damages, insurers explore predictive and preventive measures for sustainability.
March 28, 2024
Catastrophe
Insurance Industry
Risk Management
Technology
TMPAA and The Institutes Unveil New Program Business Professional Designation
In a landmark collaboration, TMPAA and The Institutes announce the Program Business Professional (PBP) designation, enhancing program business education.
March 28, 2024
Education & Training
Insurance Industry
Risk Management
Subaru Announces Recall of Over 118,000 Vehicles for Critical Airbag Deployment Issue
Subaru recalls select Outback and Legacy models due to a defect potentially preventing airbag deployment, ensuring passenger safety with a free sensor replacement.
March 27, 2024
Auto
Insurance Industry
