A shortage of workers in the restaurant industry is leading to more expensive and complex claims in workers’ compensation even as claim frequency declines, according to a recent report and webinar. Marsh recently released its Restaurant Industry Practice 2022 Report …
Drivers are kicking the tires and trading up for new auto insurance policies. In the first quarter, new policy growth rate was up 17% over the same period in 2022, and a record-breaking shopping growth rate was up 10.2% compared …
Cybercrime is up, properties are underinsured, and the management liability market is softening. These are a few of the predictions and results revealed in the Risk Strategies 2023 State of the Market report, which examines the trends of 2022 and …
Three out of four Americans believe gun owners should be required to have firearm liability insurance, according to a recent survey. Those are the numbers out of a new ValuePenguin survey of 1,995 people ages 18 to 77 exploring attitudes …
This year’s first-quarter insurance agency mergers and acquisitions were down to the lowest total since Q1 2019, according to a recent report from OPTIS Partners. The total number of transactions (158) showed a 17% drop from Q1 2022 (190) and …
In 2021, distracted driving killed 3,522 people. April is Distracted Driving Awareness Month, and statistics show that distracted driving has become an increasingly common and fatal hazard. According to the National Highway Traffic Safety Administration (NHTSA), in 2020, 8% of …
Ascot Group Names Williams U.S. CIO Ascot Group has appointed Owen Williams to the newly created role of chief information officer (CIO), Ascot U.S., headquartered in New York, New York. Williams has been working in the insurance and technology sectors …
WTW Names Doddington North America Proposition Leader WTW has appointed Laura Doddington as North America proposition leader – pricing, product, claims and underwriting personal lines for insurance consulting and technology. Doddington is based in Toronto, Canada. Doddington joins London, England-based …
Verisk Promotes Barr and Brunko to Lead Claims Businesses Verisk has made leadership promotions in its claims solution group. Carrie Barr has been named president of casualty solutions. Barr joined Jersey City, New Jersey-based Verisk as an account executive in …
Workers’ compensation is getting the job done. Premiums are decreasing, claims are stable and retention is high. But even good news can present its own set of challenges, Burns & Wilcox indicated in its webinar, Navigating a Soft Workers’ Compensation …
