The average total cost of a workers’ compensation claim in Illinois has dropped by 6.4 percent since 2010, but the state still has relatively high costs per claim, according to a report by the Workers Compensation Research Institute (WCRI). The …
How do you incorporate a sustainable and cohesive enterprise risk management system across a company that has nearly 100,000 employees, 70 manufacturing and technology research centers located in 170 countries around the world, and $21 billion in annual sales? It’s …
A federal jury in Cleveland, Ohio, on April 18 determined that thousands of agents with Madison, Wisconsin-based (AmFam) are employees, not independent contractors. The insurer stands by its classification practice and says it will fight the advisory verdict, however. According …
Florida lawmakers have once again let slip an opportunity to address insurance claims abuse, as legislation failed to make it through the Senate before the 2017 legislative session ended. This is the fifth consecutive year that a bill on curbing …
Nancy G. Atkins has been appointed Commissioner of the Kentucky Department of Insurance (KYDOI), in the wake of Brian Maynard’s decision in April to vacate the post. Maynard stepped down as commissioner of KYDOI effective April 30, to return to …
Florida businesses shouldn’t expect relief for workers’ compensation rates, this year at least. The Florida Legislature failed to pass legislation this session addressing 2016 decisions by the Florida Supreme Court that sent the state’s workers’ comp system into disarray and …
Taxpayers are spending more to settle claims for vehicles damaged and wrecked on South Carolina’s crumbling roads. The State newspaper reported that South Carolina has spent nearly $50 million since 2010 to settle lawsuits and claims for vehicle damage and …
The Massachusetts Appeals Court has reversed a lower court’s ruling in a case examining whether damage to scallops at a seafood processing facility, when the cause of damage is unknown, constitutes an occurrence within a commercial general liability (CGL) policy. …
Bill Anderson, a managing partner of Brooklyn, New York-based Art Guard, recently spoke with Insurance Journal about issues related to insurance and artwork. Anderson has observed that roughly more than 50 percent of art thefts occur at private homes, and …
Flooding and severe weather this year have caused an estimated $64.5 million in damage to Arkansas croplands, according to the University of Arkansas System Division of Agriculture. Some 937,000 acres of cropland have been battered this year in Arkansas. Soybean …
