Workers' Compensation Costs Rise Even as Insurers Maintain Profitability
In 2025, both indemnity and medical severity for workers' compensation claims increased by 4%, yet insurers continue to report profitable outcomes.
In 2025, both indemnity and medical severity for workers' compensation claims increased by 4%, yet insurers continue to report profitable outcomes.
Michael Crowley, ex-Meta risk manager, takes on a new role at Marsh, focusing on enhancing risk management for digital infrastructure projects.
A FlexJobs survey reveals key workplace frustrations, including unnecessary meetings and tension around personal sharing among colleagues.
A New York appeals court ruled that a worker injured by falling plywood is entitled to protection under the scaffold law, despite the circumstances of his fall.
Amwins Global Risks has broadened its commercial and industrial insurance to encompass battery energy storage and electric vehicle infrastructure.
The Hartford is restructuring its leadership by integrating data and AI with technology to enhance operational efficiency and appointing key executives.
Thailand's 2026 insured flood losses are estimated between $297 million and $327 million, with insurers managing risks effectively.
Preliminary loss estimates from Hurricane Isaias are in the mid-single-digit billions, but adequate reinsurance capital is set to mitigate market impact.
Insurance professionals must cultivate their personal brands and skills, aligning with industry changes to enhance career resilience and adaptability.
Hershey's updates its Reese's Peanut Butter Pumpkins packaging to address a class-action lawsuit over the absence of decorative designs.
A New York appeals court has confirmed workers' compensation for a carpenter who suffered a heart attack while restraining a donkey at work.
A California court ruled the Atlanta Falcons aren't liable for a former player's cumulative injury claim due to specific statutory exemptions.
California employers may face increased workers' compensation costs due to rising claims and legal expenses, as indicated by the latest report from the Rating Bureau.
Eric O. Leavitt of Leavitt Group has been elected chair of the CIAB board, succeeding John Howard as leadership transitions occur.
Insurance Australia Group and RAC Insurance seek a tribunal review after the competition watchdog rejected their $942 million merger deal.