Severe convective storm losses—the highest in decades—significantly affected the 2023 net combined ratio for the property/casualty industry, according to the latest underwriting projections by Triple-I and Milliman actuaries.
A heated debate has emerged about the once-unimaginable shooting of a teacher by her 6-year-old student: How should the school district take care of the teacher?
Kentucky’s Insurance Commissioner has approved a 6.4% decrease in average workers’ compensation loss costs for the state, making it the 18th consecutive drop in costs for most Kentucky employers.
How has the workers’ compensation industry evolved over the past decade? The Rising Medical Workers’ Compensation Benchmarking Study answers this question.
Zurich American Insurance Co. may pursue a subrogation lawsuit against a subcontractor that it says forced it to pay a nearly $3 million builder’s risk claim.
Erin Lee McCarroll, 49, of Laguna Beach, California, was arraigned on 27 felony counts including grand theft and forgery after a California Department of Insurance investigation.
A settlement has been reached with Litana Development Inc. for endangering workers by exposing them to high-voltage power lines at a Paterson site during 2021 and 2022.
‘Cases like this one are particularly egregious, employees were not only put at great risk, but they were denied their hard-earned wages,’ Ricardo Lara, California insurance commissioner, said in a release.
Former Ravens running back Ray Rice has withdrawn an appeal that he filed in a workers’ compensation case after his attorney and counsel for the team and its insurance company reported that they had reached a settlement.
When trying to improve workers’ compensation outcomes, there is a mental health aspect that must be considered. According to a large epidemiological study, 50% of the U.S. population will struggle with a mental health issue at some point in their lives.
As labor shortages and widespread economic challenges require a level of nimbleness from everyone in the workforce, companies today often need their employees to be able to pivot.