More Firms Turning to Insurance Captives in Tightening Market: Marsh September 24, 2020 More organizations are using captives for insurance protection and financial flexibility in response to today’s risk and insurance landscape. In...
Insurers May Cut Allocations to Poorly Performing Hedge Fund Investment Sector September 24, 2020 By Maiya Keidan and Carolyn Cohn Having complained for years about hedge funds’ high fees and lackluster performance, insurance firms may be preparing to cut allocations...
Catastrophe Losses Driven Higher by Secondary Perils – And Climate Change September 23, 2020 By L.S. Howard Secondary perils, exacerbated by climate change, are driving catastrophe insurance losses, warn a growing chorus of reinsurers and brokers. Indeed,...
P/C Mutual Insurers Improved Underwriting in 2019; Top 10 Hold 72% of Market: AM Best September 22, 2020 Despite a highly competitive property/casualty insurance industry and pressures on operating performance, U.S. mutual insurance companies reported continued improvement in...
Report Shows Steep Drop in California Workers’ Comp IMRs in 1st Half Year September 18, 2020 The number of independent medical reviews used to resolve California workers’ compensation medical disputes fell sharply in the first half...
NFIP’s Flood Losses Expected to Be ‘Significant’ from Hurricane Sally: AM Best September 18, 2020 Hurricane Sally is not expected to cause a major insurance loss – compared to events such as the ongoing wildfires...
Why Does California Keep Burning? These Scientists Are Studying Answers. September 16, 2020 By Eric Roston Residents of fire-ravaged Western states, and an entire world of observers looking on in horror, have asked themselves, “How can...
Study Tracks Post-Reform Trends in California Workers’ Comp Medical Service September 15, 2020 The average number of visits for evaluation and management and physical medicine services in the California workers’ compensation system has...
Why the Coronavirus Recession Is Not Like the Last Recession September 14, 2020 By Howard Schneider and Jonnelle Marte Judith Ramirez received a letter this month that she’d been dreading: The Honolulu hotel that furloughed her from a housekeeping...
Signs of Heart Damage After Covid Lead to Recommendation to Screen College Athletes September 11, 2020 By Jason Gale and Angelica LaVito Doctors recommend cardiac screening tests for competitive athletes who have recovered from Covid-19 after a small study found heart damage...