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.
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In 2025, both indemnity and medical severity for workers' compensation claims increased by 4%, yet insurers continue to report profitable outcomes.
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.
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.
Liberty Mutual's recent lawsuits against Texas countertop makers intensify the financial strain on the stone industry amid rising silicosis claims.
A North Carolina appeals court allows a lawsuit against a supervisor accused of physical abuse, clarifying exceptions to workers' compensation exclusivity.
An Illinois appeals court confirmed workers' compensation benefits for an employee injured while walking in sandals to charge his phone at work.
A California appeals court confirmed the board's decision to deny early probation termination for psychologist Morella Bombardini following her fraud conviction.
A New Orleans judge's criminal complaint against a TV station faltered after it was revealed that the law she cited had been repealed.
Fifteen U.S. states are suing Corteva, claiming its recent spinoff into Vylor aims to shield assets from significant PFAS-related liabilities.
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.
This week’s top Business Insurance stories highlighted major leadership appointments, an IPO filing, and significant court rulings affecting the industry.
A New York appeals court determined that Zurich American Insurance's unit is not liable for the NFL's concussion settlement, redefining coverage nuances.
Marsh Agency has merged its East and Northeast regions, appointing Andrew Neary as CEO and confirming the departure of Jerry Alderman.