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Florida Saw Jump in Workers’ Comp Cost per Claim in 2022-23, WCRI Report Shows
May 6 2024 // Call it the effects of wage creep during the pandemic, along with a little bit of creep in the duration of benefits. Employers and insurers in Florida saw a 7% increase in total cost per workers’ compensation claim...
Distracted Drivers Making US Roads More Dangerous: Survey
May 6 2024 // Nearly 80% of respondents to a recent Travelers survey said inattentive driving is more of a problem now than it has been in past years. Travelers noted the pandemic triggered a new wave of dangerous habits. The 2024...
Fitch: U.S. Cyber Insurers Saw Strong Profits, Slowdown in Premium Growth in 2023
May 6 2024 // The U.S. cyber insurance line generated strong direct underwriting profits for the second straight year in 2023, but written premium volume has stalled amid renewed pricing pressure, according to a Fitch Ratings...
NCCI’s Chief Actuary Discusses Workers’ Comp Profits, Safety and Future
May 6 2024 // The workers’ compensation system overall is healthy and strong. The sector has seen long-term frequency declines for multiple decades with moderate severity of claims costs for at least the past decade. That’s...
Embracing Collaboration: Shaping the Future of Healthcare (Re)insurance
May 6 2024 // At the heart of healthcare liability insurance lies the intricate realm of medical malpractice. Demanding a profound understanding of both the product and the healthcare sector, this specialized field is cultivated through...
Revising the New Normal: Exploring the Future of Work for the Insurance Agent
May 6 2024 // Senator Bernie Sanders of Vermont, socialist and one-time presidential candidate, has been making headlines recently suggesting that government should mandate 32-hour work weeks for the same pay as the traditional 40-hour...
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