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Massachusetts Denies 7.1% Workers’ Comp Rate Hike After 2024 ‘Excessive’ Cut
May 20 2025 // Massachusetts Insurance Commissioner Michael Caljouw has rejected an industry proposal to raise workers’ compensation rates by 7.1%. As a result, existing rates, which reflect a 14.6% decrease ordered last July, will...
EU Will Propose to G7 Nations a Reduction in Sanctions Price Cap for Russian Oil
May 20 2025 // The EU will propose to G7 finance ministers this week to lower the current $60 per barrel price cap on Russian seaborne oil as part of the new sanctions package against Moscow, European Economic Commissioner Valdis...
Captives to Remain Viable as Market Softens: RIMS Panel
May 19 2025 // As commercial property insurance rates moderate, the value and relevance of captive insurance companies isn’t expected to fade away. A panel of experts discussed the state and evolution of the captive sphere during a...
Diversification, Risk Modeling Top of Mind for Carriers as Cyber Liability Market Softens
May 19 2025 // As cyber insurance rates have begun to stabilize, insurance carriers are seeking more diversification to fuel their underwriting and growth strategies, according to panelists at this year’s PLUS Cyber Symposium in...
Workers’ Comp Premiums Fall 3% in 2024; Combined Ratio Holds at 86: NCCI
May 15 2025 // Workers’ compensation remained a healthy and profitable line in 2024 but claims severity grew with an increase of 6% for medical claim severity and 6% for indemnity claim severity. That’s according to the...
Judge Recommends Approving 17% State Farm Rate Hike in California
May 13 2025 // It looks like California’s largest homeowners insurer is getting a large rate increase following billions of dollars in losses from the Los Angeles wildfires and pullback on writing new policies in the...
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