Forged Signatures, Fake Policies? Lawsuits Raise Questions About Captive Insurance Plan September 5, 2022 By William Rabb Federal lawsuits, including a nationwide class action filed in California, have put a spotlight on a type of captive insurance...
Record-Breaking Pace for U.S. Product Recalls, Says Sedgwick September 5, 2022 The number of U.S. products recalled this year has already surpassed 1 billion, according to the U.S. product recall index...
Q2 Commercial P/C Premiums Up 6.1%: CIAB September 5, 2022 The second quarter 2022 marked a full five years of premium increases for across all lines of commercial insurance business,...
Effective Sales Management & Producer Performance September 5, 2022 By Catherine Oak Who is responsible for sales management in most firms? Often the task falls to the owner or the top producer...
Officers Exempt from Workers’ Comp But Some Carriers Charging Anyway? September 5, 2022 By William Rabb Tradespeople who call themselves and their workers “independent contractors” have long been an issue for the workers’ compensation industry, often...
Retailers Ordered to Pay $650 Million Over Ohio Opioid Sales September 5, 2022 By Jef Feeley Walmart Inc., CVS Health Corp. and Walgreens Boots Alliance Inc. were ordered to pay a total of $650 million over...
Recruiting and Retaining Claims Talent in the Candidate’s Market September 5, 2022 By Karen Lopez The insurance industry is experiencing a reshuffling of talent, an aging workforce and ongoing disruption. Its vital insurance organizations are...
Ohio Packaging Manufacturer Fined $178K After Worker’s Burns September 5, 2022 A federal workplace safety investigation into how a 25-year-old manufacturing worker suffered serious arm burns in February that required hospitalization,...
P/C Underwriting Profitability to Worsen as Inflation, Hard Market Persist September 5, 2022 The 2022 combined ratio for the property/casualty insurance industry is forecast to be 100.7, a worsening of 1.2 points relative...
AM Best Places Credit Ratings of American Reliable in Arizona Under Review September 5, 2022 AM Best has placed under review with negative implications the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term...