Banking industry news and updates
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.
Amwins Global Risks has broadened its commercial and industrial insurance to encompass battery energy storage and electric vehicle infrastructure.
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.
A New York appeals court has confirmed workers' compensation for a carpenter who suffered a heart attack while restraining a donkey at work.
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.
Business interruption losses have surged 30% over the past two years, fueled by digital reliance and incidents among tech providers.
Insurance companies are grappling with AI exclusions, facing pushback from brokers and policyholders who prefer underwriting approaches instead.
Private insurers are rapidly gaining ground in the commercial flood insurance sector, increasing their market share significantly from 2018 to 2025.
Liberty Mutual's recent lawsuits against Texas countertop makers intensify the financial strain on the stone industry amid rising silicosis claims.
An Illinois appeals court confirmed workers' compensation benefits for an employee injured while walking in sandals to charge his phone at work.
Stephanie Calmeyn is set to replace Ian Fitt as Dual North America's executive vice president, head of earthquake, starting January 1, 2027.
A federal court rules that insurers must cover Silicon Valley Bank's $70 million loss from a fraudulent credit line, rejecting their arguments on document authenticity.
A recent report shows a significant public awareness of attorney advertising, with consumers linking it to increased claims and insurance costs.
A Tennessee judge ruled that a worker cannot claim benefits in Tennessee after filing for the same injury in Virginia, citing jurisdiction issues.
An Illinois appeals court denies coverage for a construction company's liability in a carpenter's death, citing an employee injury exclusion.
Zurich Insurance has successfully acquired Beazley plc for $10.8 billion, establishing a significant specialty insurance player in the market.