Report: COVID-19 Accounts for 1-in-9 California Workers’ Comp Claims in 2020 September 28, 2020 The California workers’ compensation COVID-19 claim count continued to grow in August, albeit at a much slower rate than in...
Even Failed Claims Against Nurses Cost Insurers $20K, Liability Study Shows September 28, 2020 By Jim Sams Liability claims that involve nurses cost an average of $210,513 if a large indemnity payment is made, but even claims...
D&O Insurers Under Pressure But Big Enough to Handle Pandemic Claims, Says Fitch September 28, 2020 As claims related to the economic fallout from the pandemic emerge in the U.S. directors & officers (D&O) liability insurance...
U.S. to Research Transmission of COVID-19 in Beef Supply Chain September 28, 2020 By P.J. Huffstutter The U.S. Department of Agriculture is funding a $1 million research project to identify how the virus that causes COVID-19...
New York Again Ranks as Top Global Financial Hub But London Gains in Volatile Index September 25, 2020 New York again heads the rankings of the world’s leading global financial centres. The Global Financial Centres Index 28, launched...
Chinese Companies Lag Far Behind in Climate Risk Disclosure September 24, 2020 A report on the current state of climate risk disclosures among the largest companies in China and the United States...
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...