Insurers Must Physically Inspect to Confirm Damage Cited by Aerial Imagery June 17, 2024 The Pennsylvania Insurance Department (PID) has reminded insurers of their obligation to conduct a physical inspection to confirm the type...
The Balance Sheet Is the Most Important Financial Statement June 17, 2024 By Chris Burand The balance sheet is preeminent in financial audits by its placement at the front of audit reports. The balance sheet...
Social Inflation Key Factor in Rise of Loss Severity: AM Best June 3, 2024 Loss severity for many U.S. casualty lines of insurance business has exceeded economic inflation over the past decade, indicating other...
CIAB: Commercial P/C Premiums Increase 7.7% in Q1 2024 June 3, 2024 By Chad Hemenway Overall commercial property/casualty premiums increased slightly for all account sizes to 7.7% on average in the first quarter 2024, according...
Cabin Pressure: A Firsthand Examination of the Realities of Airline Worker Risks June 3, 2024 By Sarah Thomas For airline passengers and workers alike, it feels like trouble is lurking behind every cloud of late. Frightening scenes of...
Staffing Shortages, Reduced Training Fuel Risks for Company Drivers June 3, 2024 Increased distractions, staffing shortages and safety risks mean that 60% of company drivers are worried about their personal safety and...
California Trucker Death Led to Workers’ Comp Investigation That Found $2M in Underreported Payroll June 3, 2024 An investigation that began after an employee was found dead in a company owned semi-truck led to the arraignment of...
Get an Education on School Liability and Property Risks June 3, 2024 By Allen Laman Discrimination, active assailants and an aging infrastructure — educational institutions today face tough liability and property risks that were uncommon...
Washington Contractor, Grower Face $650K in Fines After Worker Dies in Apple Storage Room June 3, 2024 Two Washington companies face a combined $650,000 in fines for violations in connection with a worker who died from asphyxiation...
US Workers’ Comp Line Still Showing Strong Profits, Lower Claim Frequency June 3, 2024 By William Rabb Net written premium in the U.S. workers’ compensation insurance market grew by just 1% from 2022 to 2023, a far...