WCRI Study Finds ‘Noticeable’ Drop in Opioid Prescriptions in Workers’ Compensation Cases June 9, 2016 A new study by the Workers Compensation Research Institute (WCRI) found “noticeable decreases” in the amount of opioids prescribed per...
Global Disasters During May to Cost Insurers at Least $7B: Aon Report June 9, 2016 Global disasters led to at least $7 billion in claims during May as insurers aid the recovery process following wildfires,...
Here’s How Autonomous Car Sales Will Accelerate in Next Two Decades June 9, 2016 Global sales of autonomous vehicles will reach nearly 21 million vehicles by 2035, a substantial increase from previous estimates, according...
How to Avoid D&O Policy Pitfalls – and Declined Claims: Marsh Report June 8, 2016 By L.S. Howard When a directors and officers (D&O) claim is declined, it can be catastrophic for an insured, forcing the company to...
Insurers Must Stop Insuring Illegal Fishing Vessels: UBC Research June 7, 2016 Rogue fishing vessels are able to secure insurance even after they have been red-flagged by international watchdogs for unlawful activity,...
Update: German Flood Claims Estimated at $1.1B, Says Fitch Ratings June 7, 2016 By Jan-Henrik Förster and Oliver Suess Insurers will face higher-than-expected claims related to floods in Germany, according to Fitch Ratings, dealing another blow to an industry...
What Insurance Industry Can Learn from Amazon About Customer Satisfaction June 6, 2016 By Gregory Hoeg Amazon.com scored its sixth annual victory in the 24/7 Wall Street Customer Service Hall of Fame last year, with 59...
Solvency II Will Increase Reinsurance Buying Demand: Fitch June 6, 2016 By L.S. Howard Solvency II will increase insurers’ demand for reinsurance products as they seek to strengthen their capital positions via risk transfer,...
How Well Do Oklahoma Opt-Out Plans Serve Injured Workers? It Depends, Study Says June 1, 2016 By Stephanie K. Jones A recent analysis of the workers’ compensation “opt-out” system in Oklahoma concludes that employer-run plans for injured workers may offer...
Reinsurance Rates Continued Stabilization Trend at June Renewal; Florida Down Just 3.1%: JLT June 1, 2016 Reinsurance rate declines continued to slow at the June 1 renewal, reaffirming a trend of gradual price stabilization that first...