April 16, 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 Tag Archives: workers comp

Tag Archives: workers comp

Education/Certification EMERGING TRENDS FEATURED Homeowner/Renter/Auto INDUSTRY NEWS P&C Recent Stories Workers Comp WRIN.tv Newswire

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

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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WRIN.tv Newswire

New Workers Comp Study Identifies Differentiators of Higher Performing Claims Organizations

CHICAGO, Nov. 16, 2016 /PRNewswire/ — For the first time in its four year history, the annual Workers’ Compensation Benchmarking Study identifies which claims best practices are generating better outcomes. Findings from the just published 2016 study reflect results from a nationwide survey of 492 claims leaders who report on methods that drive success in their organizations. To date, nearly …

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WRIN.tv Newswire

NCCI Releases Fall Workers Compensation 2016 Issues Report

BOCA RATON, Fla., Nov. 1, 2016 /PRNewswire/ — NCCI, the trusted source of information for the US workers compensation system, issued its Workers Compensation 2016 Issues Report: Fall Edition.The NCCI Issues Report is a comprehensive collection of data, research, trends, and insights available to stakeholders, including insurance carriers, regulators, agents, and associations. The publication provides important information for those making decisions …

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Agents/Brokers/Consultants COMMERCIAL RISK P&C

CIAB sees “Buyers’ Market” continue in Commercial P&C

In a new report, the Council of Insurance Agents and Brokers (CIAB) says Commercial Property-Casualty rates decreased by an average of 3.9 percent in the second quarter of 2016. Carriers appear to be pricing new business aggressively, while trying to hold rates steady on renewals. According to CIAB President & CEO Ken Crerar, The Council is keeping a close eye …

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Companies EMERGING TRENDS FEATURED INDUSTRY NEWS P&C Recent Stories

RPS President to continue M&A strategy…says ACA drives up loss costs in workers comp/GL, and more…

Risk Placement Services (RPS) President Joel Cavaness discusses the company’s acquisition strategy, the effects of El Niño and the Affordable Care Act on the insurance industry, cyber risk and more, during the recent NAPSLO Convention in San Diego. Mr. Cavaness acknowledge the effects of the changing weather patterns on heat, flooding and the types of storm activity the U.S. is …

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Mary-Rose-Reaston, Emerge Diagnostics
COMMERCIAL RISK Data/Tech/Modeling Recent Stories Workers Comp

EFA Tests reducing workers comp losses from soft tissue injury

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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Bijan-Bijarchi
Claims Management COMMERCIAL RISK FEATURED Recent Stories

Aging/Retiring workforce a significant challenge to energy companies, especially risk managers

Bijan Bijarchi, a VP at York Risk Services, speaks with WRIN.tv during the 2015 IRMI Energy Risk and Insurance Conference about trends in workers compensation. According to Mr. Bijarchi, “the price of oil has a direct impact on claims in the oil and gas industry and we are seeing a marked increase in claims frequency as a result of lower …

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Roger Morris, NICB
COMMERCIAL RISK FEATURED P&C Recent Stories

National Insurance Crime Bureau on workers comp and medical fraud, cybercrime, vehicle and cargo theft

World Risk and Insurance News speaks with Roger Morris from the National Insurance Crime Bureau about developments in workers camp fraud, cybercrime, auto theft and medical fraud.  Among the hot topics he discusses: “Malingering” driving up workers comp fraud in the U.S. Insurance Industry wants NICB to get more involved in cybercrime Vehicle theft is down, though non-traditional theft is …

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Roger Morris, NICB
Claims Management Workers Comp

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

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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Dr. Robert Hartwig
FEATURED Homeowner/Renter/Auto INDUSTRY NEWS Legislation/Regulation Workers Comp

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

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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