Insurance products and industry updates
A Rand report reveals California injured workers face stable medical access despite a decline in healthcare providers, especially in rural areas.
Herman Brito has been appointed as Marsh's new leader for the marine, cargo, and logistics practice in the U.S. and Canada, effective October 1, 2023.
Ohio's Bureau of Workers' Compensation has approved a $1 billion dividend for employers, marking the first such distribution since 2020.
The Hartford appoints John Russo as CUO of its global specialty unit, succeeding Carrie Brodzinski, who recently moved to MSIG USA.
Nepal's recent floods may incur losses in the hundreds of billions of rupees, significantly impacting insured hydropower projects.
Severe storms across Europe from August 19 to 26 are estimated to cost insurers hundreds of millions, predominantly impacting France.
Increased extreme weather events in the U.K. are amplifying underinsurance issues as rebuilding costs surge amid rising repair needs.
A Tennessee panel upheld a ruling that denied a mental injury claim from an Allstate employee, citing a lack of unusual workplace stimulus.
A Glassdoor report reveals insurance claims adjusters largely view AI negatively, reflecting broader industry skepticism amid rising implementation concerns.
Hub International has appointed Chris Tassone as managing director to enhance its tax liability insurance offerings in North America.
A California court has extended liability protection to property owners regarding contractor injuries, reinforcing the Privette doctrine's scope.
A Florida appeals court rules that employers must reimburse guardianship costs incurred for incapacitated workers pursuing compensation benefits.
Severe flooding in Nepal has damaged numerous hydropower projects, posing significant insurance claim risks for the industry as reinsurers prepare for potential losses.
A recent cyberattack on three UK airports led to the theft of personal data from 8.7 million travelers, as hackers targeted Wi-Fi sign-ups and booking systems.
Peak Reinsurance reports $90 million in net profit for the first half of the year, alongside a 25% increase in revenue.
Australia's general insurance profit falls 28% in the first half of the year, despite a 3% increase in second-quarter revenue.
Ageas SA/NV achieved a 25% increase in net profits to €846 million for the first half of the year, despite incurring significant weather-related claims.
A New Jersey judge determined that a joint insurance fund does not qualify as an insurer and thus is not liable for a $4.75 million settlement.
Aon consolidates its U.S. specialty programs into the Totalis Specialty Group, eyeing growth through acquisitions and market expansion.
Property/casualty reinsurance premiums fell 6% in H1 2026, but improved combined ratios signal rising profitability, tempered by soft market conditions ahead.