National Section

Did Builder Groups Block Insurance Industry Move to Require More Storm Shelters?

A 2012 insurance industry proposal to make tornado shelters part of the building code for large commercial and residential buildings was blocked by construction and building management interests, the New York Times reported. The idea of requiring storm-safe rooms in …

Despite COVID, Comp Claims and Severity Declined in 2020, NCCI Says

The disease known as COVID-19 may have caused wrenching changes around the world, but its effects on workers’ compensation claims were relatively minor in 2020, the National Council on Compensation Insurance said in a new report. Overall claim frequency, including …

Top Workers’ Comp Story of 2019: Berkshire Hathaway’s Sale of Applied Underwriters

The news that Berkshire Hathaway was in talks to sell its workers’ compensation unit, Applied Underwriters, caught readers’ attention in February and was easily Insurance Journal’s biggest workers’ compensation story of the year then and as the deal played out. …

Lloyd’s Issues Action Plan to End Sexual Harassment in Workplace Amid Recent Reports

In the era of #MeToo when the ills of sexual harassment are regularly in the news, a recent article published by Bloomberg Businessweek indicates that some men working in the London insurance market still haven’t gotten the message about appropriate …

How Drones and Aerial Imagery Use Rose to New Heights Post 2018 Catastrophes

The importance of drones and aerial imagery rose to a new level in the wake of 2018 natural catastrophes as insurers made them an integral part of their disaster recovery procedures, particularly following the hurricanes in the Southeast. From the …

States Treat Electric Scooters as Bikes Even as Injuries Appear to Rise

Kentucky state Rep. Ken Upchurch says he doubts he will ever see an electric scooter in his rural district on the state’s southern border, but he was happy to help when a lobbyist for Bird Rides Inc. asked him to …

Business Moves

National Brightway Insurance Brightway Insurance, a national property/casualty insurance retailer selling through a network of franchised independent agencies, launched its new Independent Agent Program with its first group of new owners. The new program was unveiled in January. The following …

How Errors & Omissions Lawsuits May Change

Artificial Intelligence and Private Equity Investments Will Play an Increasing Role Plaintiff attorneys, at least the smart ones, must make sales decisions, too. Whereas a smart producer will create a pipeline that filters prospects by probability of a sale, plaintiff …

Today’s Hot Markets

Telemedicine, Breweries, Intellectual property, Nurseries and Cottage foods Insurance Journal examined industries experiencing changes, challenges, expansions and growth in the past year. Here are five industry sectors and insurance market sectors that could offer opportunities for agents and brokers in …

Workers’ Comp and the Gig Economy: Status Quo Remains, for Now

The rise of an on-demand economy once threatened to put workers’ compensation insurers in the hot seat, in large part because the question of how the sector could, or should, cover these individuals remained uncertain. Today, insurers aren’t exactly rushing …

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