February 24, 2021
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  • INDUSTRY NEWS
    . .

    Guy Carpenter & RAA Execs on CAT Losses, Elections, & (Re)Insurance Markets

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    Social Inflation, “Nuclear Verdicts” & Extreme Weather Top Insurer Issues in 2020 – NAMIC CEO.

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    “Still Opportunities to Get Things Done Despite Dysfunctional US Government” – APCIA CEO

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    Innovation is Happening in Insurance, but Not Disruption – Not Yet! – Aisus CEO

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    NY Insurers Face Challenges and Opportunities in Tech, Financial Literacy – NYIA

  • COMMERCIAL RISK
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    Strong economy, construction/transportation trends bode well for inland marine – IMUA & Allianz Execs

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    Climate Change Affecting Insured Losses, but Hard to Quantify – Dr. Klotzbach, Colorado State University.

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    Independent Agents See Growth Across All Lines, Despite Challenges – Big I CEO

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    Technology and “Lookers” Enhance Claims Management process – Crawford COO

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    Cyber cover evolves as insurtech explodes – Business Insurance editor

  • CONSUMER RISK
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    FL Commissioner Optimistic about Emerging Consumer Products/Services

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    New Revenues for Insurers Exist in Sharing Economy – Re-Sure CEO

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    Insurers need “sense of urgency” to improve claims and risk assessment process

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    “Amazoned” consumers present challenges & opportunities to personal lines insurers.

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    “Upstart Insurtechs” raising the bar in homeowners market – LexisNexis exec.

  • REINSURANCE/ILS
    . .

    Guy Carpenter & RAA Execs on CAT Losses, Elections, & (Re)Insurance Markets

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    Robust Reinsurance Market Not Without its Challenges – RAA CEO.

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    Customer Experience…a Modern Differentiator for Insurers – BMS Re CEO

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    US Reinsurance Market “Healthy” While Facing New Threats & Opportunities

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    Reinsurance upgraded to “Stable” as A.M. Best cites possible “inflection point”

  • CAREERS/PROFESSIONAL DEVELOPMENT
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    P&C Industry Gives $1B+/year to Charity…IICF on Women in Insurance & Millennial Summit

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    St. Baldrick’s Carries on Tradition of Giving – NAMIC CEO

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    Looking ahead…Automation, Robotics and AI could help fill “Talent Gap”

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    Grow by Solving Society’s Problems…A.M. Best exec.

    . .

    Spencer Foundation fights “war for talent” with scholarships, grants and internships.

3 New Articles
  • Oct 12, 2020 Guy Carpenter & RAA Execs on CAT Losses, Elections, & (Re)Insurance Markets
  • Feb 6, 2020 Strong economy, construction/transportation trends bode well for inland marine – IMUA & Allianz Execs
  • Jan 29, 2020 Social Inflation, “Nuclear Verdicts” & Extreme Weather Top Insurer Issues in 2020 – NAMIC CEO.
Home COMMERCIAL RISK Workers Comp

Workers Comp

GDP, Cyber, Flood, Technology, Talent and more on III radar heading to 2019

By WRIN.tv News Desk
Nov 19, 2018
in :  Education/Certification, EMERGING TRENDS, FEATURED, Homeowner/Renter/Auto, INDUSTRY NEWS, P&C, Recent Stories, Workers Comp, WRIN.tv Newswire

The uptick in GDP has had a positive impact on the insurance industry, according to Laura Favinger, Chief Administrative Officer for the Insurance Information Institute (III). In the first half of 2018, insurance carriers nearly doubled their net income over the same period in 2017. The III sees exposures broadening a bit due to business development, consumer consumption and construction, …

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EFA Tests reducing workers comp losses from soft tissue injury

By WRIN.tv News Desk
Jun 1, 2015
in :  COMMERCIAL RISK, Data/Tech/Modeling, Recent Stories, Workers Comp
Mary-Rose-Reaston, Emerge Diagnostics

Doctor MaryRose Reaston, Chief Scientific Officer and Founder of Emerge Diagnostics, discusses developments in the diagnosis of soft tissue injuries, defined as a muscle strain, neck strain rotator cuff tear or back pain – the main cause of many expensive workers compensation claims. Dr. Reaston says Electrodiagnostic Functional Assessment (EFA) Tests are diagnostic tools designed specifically for soft tissue injuries. …

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ACA hits Workers Comp insurers with Medicare reimbursement requirements…and fines for non-compliance

By WRIN.tv News Desk
May 12, 2015
in :  Claims Management, COMMERCIAL RISK, FEATURED, Legislation/Regulation, Workers Comp
Jessica-Smythe-ISO

The Affordable Care Act (ACA) is transforming the healthcare and health insurance industries. Here Jessica Smythe, a Medicare Secondary Payer Act Compliance Consultant with ISO Claims Partners, discusses how the ACA is also affecting workers compensation. Ms. Smythe says the impact of the ACA on Medicare and Medicaid is far-reaching. A large portion of the ACA was designed to curb …

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Obesity, reclassified as a disease, will have major financial implications for Workers Comp

By WRIN.tv News Desk
Apr 30, 2015
in :  Claims Management, COMMERCIAL RISK, FEATURED, Recent Stories, Workers Comp
Dr-Mary-Rose-Reston-Emerge-Diagnostics

At the RIMS Conference in New Orleans, MaryRose Reaston, the Chief Scientific Officer and Founder of Emerge Diagnostics, discusses the major issues related to workers comp claims, the reclassification of obesity as a disease and baseline testing. According to Ms. Reaston, the three biggest issues affecting workers comp claims including determining and accepting claims that only arise from the course …

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Physicians dispensing drugs flout restrictions…driving up workers comp costs – WCRI

By WRIN.tv News Desk
Apr 20, 2015
in :  COMMERCIAL RISK, Recent Stories, Workers Comp
Dongchunn Wang, WCRI

Eighteen states have enacted reforms that put limits on the expensive practice of doctors writing and dispensing prescriptions from their office. Here, Dongchunn Wang, an Economist at the Workers Compensation Research Institute (WCRI), reviews a WCRI study that exposes ways physicians go around the restrictions. According to Ms. Wang, physicians are prescribing and dispensing drugs to their patients at their …

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“Malingering” driving up workers comp fraud in the U.S.

By WRIN.tv News Desk
Jan 29, 2015
in :  Claims Management, Workers Comp
Roger Morris, NICB

Roger Morris, Chief Communications Officer at the National Insurance Crime Bureau (NICB) says employees who take advantage of the system are driving up workers compensation costs in the United States. Mr. Morris notes that “malingering” is a major contributor to fraud in workers comp.  Malingering happens when an employee collects indemnity checks and drives up medical costs beyond the period …

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III’s Bob Hartwig on the new Congress, capital standards, “disruptive technology” and growth

By admin
Jan 15, 2015
in :  FEATURED, Homeowner/Renter/Auto, INDUSTRY NEWS, Legislation/Regulation, Workers Comp
Dr. Robert Hartwig

World Risk and Insurance News was on-site for the annual Joint Industry Forum, hosted by the Insurance Information Institute.  Here, Dr. Bob Hartwig, President of the Insurance Information Institute, shares his thoughts on the new Congress, the debate over capital standards, technology, and more. III’s Hartwig sees Dodd-Frank, Obamacare and MetLife’s SIFI challenge as key Federal issues in 2015. Will …

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Economic Growth in US to lift premiums in workers comp, auto, personal lines in 2015

By admin
Jan 15, 2015
in :  Homeowner/Renter/Auto, Workers Comp
Dr. Robert Hartwig JIF

World Risk and Insurance News was on-site for the annual Joint Industry Forum, hosted by the Insurance Information Institute.  Here, Dr. Bob Hartwig, President of the Insurance Information Institute, shares his thoughts on the new Congress, the debate over capital standards, technology, and more. Looking ahead to opportunities for growth in the insurance industry, Mr. Hartwig points out the expanding …

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