The Workers’ Compensation Insurance Rating Bureau of California has released its report on workers’ comp losses and expenses for 2019. Findings in the WCIRB report, 2019 California Workers’ Compensation Losses and Expenses, include: Medical losses paid in 2019 were $4.6 …
The U.S.commercial automobile insurance segment’s underwriting losses deepened to $4.0 billion in 2019, the segment’s worst loss in 10 years and a continuation of a decade-long trend of worsening underwriting results, according to a new AM Best report. Indeed, the …
LiquidX has appointed Todd Lynady as managing director and global head of Insurance Sales and Business Development. In this newly created role, Lynady will be responsible for leading the firm’s sales, origination and business development strategy for LiquidX’s trade credit …
American International Group (AIG) announced it has entered into an agreement with Safeco Insurance, a Liberty Mutual subsidiary, and Heritage Insurance Holdings to offer AIG Private Client Group’s (PCG) agents the ability to transfer their upper middle market personal insurance …
A New York state insurance broker has been arrested and charged with wire fraud, attempted wire fraud and aggravated identity theft and is facing a maximum penalty of 20 years in prison. U.S. Attorney James P. Kennedy Jr. announced the …
Boston Mayor Marty Walsh has created a new task force aimed at cracking down on illegal fireworks amid an explosion of complaints. Walsh said the task force will include the mayor’s chief of civic engagement, the four at-large city councilors, …
SYDNEY – Australia will spend A$1.35 billion ($926.1 million) over the next 10 years to boost its cyber security defenses, Prime Minister Scott Morrison said on Tuesday, as Canberra seeks to combat a wave of attacks. The announcement comes just …
FCCI Insurance Group’s board of directors has named Christina “Cina” Welch as president and CEO, replacing Craig Johnson who was terminated from his role in May 2020 after an incident with police in a Sarasota restaurant. Welch began her career …
SHANGHAI – A new flu virus found in Chinese pigs has become more infectious to humans and needs to be watched closely in case it becomes a potential “pandemic virus,” a study said, although experts said there is no imminent …
LONDON – Coronavirus lockdowns led to huge reductions in traffic and fewer car crashes this spring, but as drivers sped up on quieter roads, the collisions became deadlier in several cities, a Reuters analysis shows. In New York City, the …
